Coin Citadel Stock (OTC:CCTL), Trade Ideas

Coin Citadel is a Fintech company. The company is engaged in the bitcoin, blockchain, and digital currency industries. Coin Citadel mines Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), and other Secure Hash Algorithm (SHA) 256 based protocol cryptocurrencies. Coin Citadel also owns additional miners from other manufacturers which mine Litecoin (LTC), Zcash (ZEC), and Ethereum (ETH).

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Management

Graphjet Technology's Tham Choi Kuen, CFO, Announced The Decision To Resign Due To Health Reasons, Effective Immediately; Aiden Lee Ping Wei, Co's Current CEO, Will Serve As Interim CFO

The Nasdaq 100&#8217;s technology stocks wrapped up their fourth consecutive week in the red, marking their most dismal stretch and sharpest declines since late 2022, as investors opted to pocket profits against a backdrop of mounting concerns over inflation and <a href="https://www.benzinga.com/general/politics">geopolitical tensions</a>.
On Friday, Israel responded to Iranian attacks from the preceding week, adding another layer of uncertainty to the volatile situation in the Middle East despite widespread international <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38334504/israel-strikes-iranian-air-base-tehran-downplays-attack-as-blinken-calls-for-calm-oil-pric">calls for de-escalation.</a>
On Wednesday, Fed Chair Jerome Powell firmly shut the door on rate cuts, citing lack of confidence in progress <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">on inflation</a>. This stance pushed two-year Treasury yields to 5%, their highest level since November 2023.
Gold prices notched their fifth consecutive week of gains, marking their longest streak since August 2020.
<h3 class="wp-block-heading">Chart of The Week: US Treasury Yields Hit 5%, Enter Danger Zone</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-1024x495.png" alt="" class="wp-image-300659" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/19154705/image-127.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Debt Sustainability Concerns</h3>
Gita Gopinath, International Monetary Fund deputy chief, has voiced concerns over the U.S. national debt, stressing the need to reduce the federal deficit, which equals 7% of GDP. Projections indicate the U.S. deficit will remain above 6% through 2029, pushing the debt-to-GDP ratio <a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">to 134%</a>.
<h3 class="wp-block-heading">Bitcoin Halving Looms</h3>
BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) have launched educational advertising campaigns to explain the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) halving process. This event, which halves the creation rate of new bitcoins, aims to reduce inflationary pressure and <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38336008/blackrock-and-coinbase-explain-importance-of-bitcoin-halving-in-new-ad-campaigns">potentially boost Bitcoin prices.</a>
<h3 class="wp-block-heading">Cybertruck Recall Alert</h3>
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is recalling 3,878 Cybertruck vehicles due to a risk of unintended acceleration caused by a potentially dislodging accelerator pedal pad. The company, which has not reported any injuries or accidents from this issue, will replace the accelerator assemblies for free and has adjusted the production to include <a href="https://www.benzinga.com/government/24/04/38331377/tesla-recalls-over-3-800-cybertrucks-citing-unintended-acceleration-risk">a new pedal design.</a>
<h3 class="wp-block-heading">Lockheed&#8217;s $17B Contract</h3>
Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has been awarded a $17-billion contract by the U.S. Missile Defense Agency to develop the Next Generation Interceptor aimed at countering missile threats from North Korea and Iran. The contract is a part of a broader U.S. strategy to enhance missile defenses, with the NGI expected to <a href="https://www.benzinga.com/news/24/04/38263648/lockheed-martin-wins-17b-contract-to-shield-us-from-north-korea-iran-missile-threats">be operational by 2028.</a>
<h3 class="wp-block-heading">Musk Announces Layoffs</h3>
Tesla is reportedly laying off over 14,000 employees, which amounts to more than 10% of its global workforce. Elon Musk, in a companywide email, stated that this painful decision is necessary to reduce costs and eliminate <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">redundancy in job functions.</a>
Photo via Shutterstock.

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TSLA

Powell, Middle East Fears Weigh On Tech Stocks, Treasury Yields Hit 5%, Gold Notches Fifth Week Of Gains: This Week In The Markets

VAXX

Vaxxinity Announces Intention To Voluntarily Delist Class A Common Stock From Nasdaq

QTTB

Q32 Bio Files Prospectus Relates To Proposed Offer, Resale Or Other Disposition From Time To Time By Selling Stockholders Of Up To 1.7M Shares

Offerings

EHang Holdings Ltd Files For Mixed Shelf Offering, Size Not Disclosed

Warrantee Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) (the "Company" or "Warrantee"), a Japanese marketing and market research technology company, today announced that the Company received a staff determination letter (the "Letter"), on April 15, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, due to the Company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Requirement"), the Staff has determined (the "Determination") that Company's securities will be scheduled for delisting from Nasdaq unless the Company requests an appeal of this determination to a Hearings Panel (the "Panel"). &nbsp;
On October 13, 2023, the Company received a letter from Nasdaq (the "Notice"), notifying the Company that based upon the closing bid price of its securities for the last 30 consecutive business days preceding the Notice, the Company was not in compliance with the Minimum Bid Requirement. In accordance with Listing Rule 5810(c)(3)(A), the Notice provided the Company a period of 180 calendar days from the date of the Notice, or until April 10, 2024, to regain compliance with the Minimum Bid Requirement.
According to the Letter, the Company had not regained compliance with the Minimum Bid Requirement as of April 10, 2024 and is not eligible for a second 180-day period. Specifically, the Company does not comply with the initial listing requirement of $5,000,000 minimum stockholders' equity for The Nasdaq Capital Market, as contemplated for a second 180-day period. Further, on April 4, 2024, Nasdaq notified the Company that since the Company failed to file its Form 6-K containing an interim balance sheet and income statement for the six-month period ended September 30, 2023, it no longer complies with our Listing Rule 5250(c)(2). This matter serves as an additional and separate basis for delisting. Unless the Company requests an appeal of the Determination by April 22, 2024, the Company's securities will be suspended at the opening of business on April 24, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq.
The Company plans to appeal the Determination to the Panel in due course. A hearing request will stay the suspension of the Company's securities and the filing of Form 25-NSE pending the Panel's decision. The Company is considering all options available to it, including a reverse stock split, and will provide its shareholders with material updates when they are available.

WRNT

Warrantee Inc. Announces Receipt Of Nasdaq Delisting Determination And Plan To Appeal; Co Plans To Appeal To The Panel In Due Course. A Hearing Request Will Stay The Suspension Of The Co's Securities Pending The Panel's Decision

EVe Mobility Acquisition Corp (the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVE#NYSE">EVE</a>), a special purpose acquisition company, announced today that the Company has received notice from NYSE Regulation (the "NYSE Notice"), stating that the Company is not in compliance with the continued listing standards of the NYSE American LLC (the "Exchange") under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the "Company Guide") because the Company failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2023 (the "Delinquent Report"), which was due to be filed with the Securities and Exchange Commission (the "SEC") no later than April 16, 2024 (the "Filing Delinquency").
Reference is made to the Company's Notification of Late Filing on Form 12b-25 (filed with the SEC on March 27, 2024) as amended through the filing of a Form 12b-25/A with the SEC on April 15, 2024, which describe the circumstances leading to the late filing of the Delinquent Report. Although the Company has dedicated significant resources to the completion of finalizing its consolidated financial statements and related disclosures for inclusion in the Delinquent Report, the Company was unable to file the Delinquent Report prior to April 16, 2024, the extension period provided by the 12b-25. Additional time is needed by the Company to complete its review of the financial statements included in the Delinquent Report to ensure a complete, accurate Delinquent Report. The Company intends to file the Delinquent Report as soon as practicable and in any event within the six-month period.

EVe Mobility Acquisition Corp Receives NYSE Notice Regarding Late Filing Of Annual Report On Form 10-K

Buybacks

SMAR

Smartsheet Announces $150M Share Repurchase Program

INTS

Intensity Therapeutics Got Nasdaq Letter Due To Resignation Of Daniel Donovan From Audit Committee, Co Not Compliant With Nasdaq Listing Rule 5605

SCHL

Scholastic- Entered Into Share Repurchase Agreement Dated As Of Apr 18. To Purchase 400K Shares Of Common Stock From Estate Of M. Richard Robinson, Jr.

On April 17, 2024, the Company received a notice (the "April Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of not having filed in a timely manner the Company's 2023 Annual Report on Form 10-K with the SEC, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the SEC.
The April Notice stated that previously, the Nasdaq Staff had granted the Company an exception until May 13, 2024, to file its delinquent Form 10-Q for the period ended September 30, 2023 (the "Initial Delinquent Filing"). As a result, any additional Staff exception to allow the Company to regain compliance with all delinquent filings, will be limited to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or May 13, 2023.
As a result of this additional delinquency, the Company must submit an update to its original plan to regain compliance with respect to the filing requirement. The Company is required to submit its plan to Nasdaq to outline the Company's plans to file the Form 10-K for the period ending December 31, 2023, and indicate the progress the Company has made towards implementing the plan submitted in connection with the Initial Delinquent Filing.
The Company currently plans to file both the Form 10-Q and the 2023 10-K as soon as practicable and to submit a plan to Nasdaq detailing the Company's plan to regain compliance with the Listing Rule.
There is no assurance that the Company will be able to file the Form 10-Q or the Form 10-K by any particular date or that Nasdaq will accept any plan that the Company may submit.
The April Notice has no immediate impact on the listing of the Company's Common Stock, which will continue to be listed and traded on The Nasdaq Capital Market under the symbol "ALPP," subject to the Company's compliance with the requirements outlined above.

ALPP

Alpine 4 Holdings Announces Receipt Of Nasdaq Notice Of Additional Staff Determination; Co Currently Plans To File Both The Form 10-Q And The 2023 10-K As Soon As Practicable And To Submit A Plan To Nasdaq Detailing The Co's Plan To Regain Compliance With The Listing Rule

Howard Marks, co-chairman of Oaktree Capital Management, frequently employs analogies to demystify <a href="https://www.benzinga.com/topic/investing">complex investment strategies</a>, believing that &#8220;Oftentimes, we're best able to understand something we're interested in through analogies that clarify the matter by establishing connections between it and other parts of life.&#8221; 
His latest <a href="https://www.oaktreecapital.com/insights/memo/the-indispensability-of-risk">memo </a>draws from a compelling chess article, underscoring the strategic similarities between the game and investing.
Marks cites the article &#8220;Chess Teaches the Power of Sacrifice,&#8221; which resonated with him due to its discussion on strategic sacrifices necessary in chess — a concept he equates to making investment decisions. 
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38339754/netflix-stock-sized-up-by-7-analysts-post-q1-results-pivot-from-a-high-growth-low-p">Netflix Stock Sized Up By 7 Analysts Post Q1 Results: &#8216;Pivot From A High-Growth, Low-Profit Business To A Slow-Growth, High-Profit Business&#8217;</a>
Marks quotes chess grandmaster Maurice Ashley, &#8220;Many positions cannot be won or saved without something of value being given away, from a lowly pawn all the way up to the mighty queen,&#8221; to highlight that strategic losses in chess mirror the sacrifices made in high-stakes investing.
He relates this to buying U.S. Treasury notes, describing them as a &#8220;modest or &#8216;sham&#8217; sacrifice,&#8221; where the risk is low but so are the returns.
The philosophy of risk is central to Marks&#8217; investment strategy. He emphasizes, &#8220;No risk, no reward,&#8221; a principle vital in chess and financial markets. 
Marks also incorporates the wisdom of five-time world chess champion Magnus Carlsen, asserting, &#8220;Not being willing to take risks is an extremely risky strategy.&#8221; 
This idea supports Marks&#8217; view that managing risk intelligently is crucial for achieving substantial returns. Quoting Kenny "The Jet" Smith, he adds, &#8220;You have to give yourself a chance to fail,&#8221; underlining the inevitability of risk in pursuit of success.
Marks concludes by reflecting on the broader implications of risk, stating, &#8220;The only sure way to achieve that is by not taking any risk. But … risk avoidance is likely to result in return avoidance.&#8221; 
Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38339548/exclusive-industry-leaders-predict-how-the-bitcoin-halving-impacts-prices-and-mining">EXCLUSIVE: Industry Leaders Predict How The Bitcoin Halving Impacts Prices And Mining</a>
Image generated using artificial intelligence via Midjourney.

Education

Personal Finance

Howard Marks On Paradox Of Investment Success: 'Risk Avoidance Is Likely To Result In Return Avoidance'

Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares are falling Friday after Exane BNP Paribas downgraded the stock <a href="https://www.benzinga.com/news/24/04/38299189/whats-going-on-with-arm-holdings-stock">from Outperform to Neutral</a>.
The Details:
Exane BNP Paribas analyst David O&#8217;Connor <a href="https://www.benzinga.com/quote/ARM/analyst-ratings">downgraded</a> Arm from Outperform to Neutral and announced a $100 price target on the stock.&nbsp;
Arm shares are down nearly 30% over the past five days as earnings from ASML Holdings N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) have put pressure on <a href="https://www.benzinga.com/markets/equities/24/04/38328610/tsmc-cautions-red-hot-chip-industry-growth-could-cool-amid-declining-automotive-chip-demand">the semiconductor sector</a>.&nbsp;
ASML posted worse-than-expected first-quarter results, and TSMC reduced its outlook for the chip market as it sees consumer weakness persisting which overshadowed the company's Q1 results.
Shares of semiconductor companies are falling as investors consider the latest data and the possibility of reduced revenues as the first-quarter earnings season gets underway. Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares are down approximately 10%, and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares have fallen more than 23% Friday afternoon.&nbsp;
SMCI announced its third-quarter earnings date, but did not provide preliminary estimates as it has in previous quarters. Investors may be speculating the company's earnings could be less than stellar due to the absence of preliminary estimates.&nbsp;
Investors can gain exposure to Arm by purchasing shares of the First Trust Nasdaq BuyWrite Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTQI#NASDAQ">FTQI</a>) or the iShares Robotics and Artificial Intelligence Multisector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRBO#NYSE">IRBO</a>) both of which count Arm among their holdings.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38341107/whats-going-on-with-nvidias-stock">What&#8217;s Going On With Nvidia&#8217;s Stock?</a>
ARM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Arm Holdings shares are down 17% at $87.04 at the time of publication Friday.
Image:&nbsp;wikimedia commons

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SMCI

What's Going On With Arm Holdings Stock?

Analysts' ratings for APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) over the last quarter vary from bullish to bearish, as provided by 15 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $41.67, a high estimate of $59.00, and a low estimate of $28.00. Highlighting a 3.9% decrease, the current average has fallen from the previous average price target of $43.36. 
<img src="https://www.benzinga.com/files/images/story/2024/1713556918_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive APA is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$35.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Underweight</td>
<td>$28.00</td>
<td>-</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$53.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Leo Mariani</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$39.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Neil Mehta</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$31.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$59.00</td>
<td>-</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$34.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$33.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$59.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$50.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Strong Buy</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Mark Lear</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$42.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to APA. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of APA compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of APA's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into APA's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/APA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on APA analyst ratings.</a>
<h2>Discovering APA: A Closer Look</h2>
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
<h3>Financial Insights: APA</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: APA's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -12.34%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 81.82%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): APA's ROE stands out, surpassing industry averages. With an impressive ROE of 94.99%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): APA's ROA stands out, surpassing industry averages. With an impressive ROA of 12.32%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: APA's debt-to-equity ratio stands notably higher than the industry average, reaching 2.0. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Analyst Landscape: 15 Takes On APA

QuinStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNST#NASDAQ">QNST</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for QuinStreet, presenting an average target of $18.12, a high estimate of $21.50, and a low estimate of $16.00. This upward trend is apparent, with the current average reflecting a 13.25% increase from the previous average price target of $16.00.
<img src="https://www.benzinga.com/files/images/story/2024/1713556829_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive QuinStreet. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Day</td>
<td>B. Riley Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$21.50</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>James Goss</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$17.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to QuinStreet. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of QuinStreet compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of QuinStreet's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into QuinStreet's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/QNST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on QuinStreet analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into QuinStreet's Background</h2>
QuinStreet Inc focuses on serving clients in large, information-intensive industries, where the company has pioneered a broad range of Internet marketing tools. QuintStreet aims to partner with search engine companies by helping build websites with flexible content and offerings that are customizable according to the user base. It generates revenue by delivering measurable online marketing results to the clients. Its product offerings comprise a full range of performance marketing products: Clicks, Inquiries, Calls, Applications, and Full Customer Acquisitions.
<h3>Understanding the Numbers: QuinStreet's Finances</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Negative Revenue Trend: Examining QuinStreet's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -8.48% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: QuinStreet's net margin excels beyond industry benchmarks, reaching -9.42%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): QuinStreet's ROE stands out, surpassing industry averages. With an impressive ROE of -5.28%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): QuinStreet's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -3.6%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: QuinStreet's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.04.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

QNST

What 4 Analyst Ratings Have To Say About QuinStreet

ZW Data Action Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNET#NASDAQ">CNET</a>) ("ZW Data Action" or the "Company"), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced that it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "2023 Form 10-K"), with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires the timely filing of all required periodic reports with the SEC.
The Notice has no immediate effect on the listing of the Company's common stock on Nasdaq. Under the Nasdaq rules, the Company has 60 calendar days, or until June 17, 2024, to file the 2023 Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the filing's due date, or until October 14, 2024, to regain compliance. If the Company fails to timely regain compliance with Nasdaq Listing Rule 5250(c)(1), the Company's common stock will be subject to delisting from Nasdaq.
The Company continues to work diligently to complete the 2023 Form 10-K and currently intends to file the 2023 Form 10-K by no later than May 31, 2024.
This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

CNET

ZW Data Action Announces Receipt Of Nasdaq Non-Compliance Notice

<a href="https://www.reuters.com/technology/amazon-advertising-chief-steps-aside-new-role-2024-04-19/">https://www.reuters.com/technology/amazon-advertising-chief-steps-aside-new-role-2024-04-19/</a>
Amazon.com's advertising executive Colleen Aubrey, a member of the elite internal team advising the CEO, is moving to a new undisclosed position at the company.
Spokeswoman Kristin Mariani said Aubrey's new position would be announced later. She has held the role for nearly three years.
Aubrey is a member of the so-called "S-team," which counsels CEO Andy Jassy, and has worked at Amazon for nearly two decades. Mariani confirmed Aubrey is stepping aside as senior vice president of advertising products and tech in response to a Reuters inquiry.
Mariani didn't respond to questions about who is replacing Aubrey nor the reasons behind the change. Advertising sales under Aubrey have grown rapidly, jumping 24% to $47 billion in 2023 from $38 billion in 2022. The company recently began inserting ads into its Prime Video streaming offering.
"An update on Colleen's next role will be shared at a later date," said Mariani in an email. Aubrey didn't immediately respond to a request for comment.

AMZN

'Amazon Ad Exec Aubrey Steps Aside For New Role' - Reuters News

<a href="https://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018215090#" title="https://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018215090#">https://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018215090#</a>

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