Latest News for Evolv Technologies Stock (NASDAQ:EVLVW)

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Evolv Technologies Holdings, Inc. - Warrant

Evolv Technologies Holdings Inc

Belite Bio&nbsp;entered into a securities purchase agreement with an institutional investor, for the purchase and sale of up to an aggregate of 651,380 American Depositary Shares of the Company (&quot;ADSs&quot;), each ADS representing one ordinary share of the Company at a purchase price of&nbsp;$38.38&nbsp;per ADS, and the warrants to purchase up to an aggregate of 651,380 ADSs, which will have an initial exercise price equal to&nbsp;$44.14&nbsp;per ADS and will be immediately exercisable and expire on the five-year anniversary of the issuance, in a registered direct offering. The closing of the offering is expected to occur on or about April 30, 2024, subject to the satisfaction of customary closing conditions.

News

BLTE

Reported Earlier, Belite Bio Secures $25M In Registered Direct Offering With Institutional Investors

Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.18 by 5.56 percent. This is a 45.16 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $42.140 million which missed the analyst consensus estimate of $42.284 million by 0.34 percent. This is a 19.00 percent decrease over sales of $52.024 million the same period last year.

Earnings

Earnings Misses

HTBK

Heritage Commerce Q1 2024 GAAP EPS $0.17 Misses $0.18 Estimate, Sales $42.140M Miss $42.284M Estimate

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) to report quarterly earnings at $2.20 per share on revenue of $78.35 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Exxon Mobil shares fell 0.3% to $121.00 in after-hours trading.</li>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) posted better-than-expected earnings and sales results for its third quarter on Thursday. The company's revenue increased 17% year-over-year to $61.9 billion, which beat the consensus estimate of $60.804 billion, according to Benzinga Pro. The tech giant reported quarterly earnings of $2.94 per share, which beat analyst estimates of $2.82 per share. Microsoft shares jumped 4.4% to $416.70 in the after-hours trading session.</li>
<li>Analysts are expecting Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) to post quarterly earnings at $2.87 per share on revenue of $50.66 billion. The company will release earnings before the markets open. Chevron shares fell 0.3% to $164.85 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) posted upbeat results for its first quarter. Alphabet&#8217;s board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend. Alphabet shares jumped 11.5% to $176.08 in the after-hours trading session.</li>
<li>Analysts expect Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) to post quarterly earnings at $2.17 per share on revenue of $33.08 billion before the opening bell. Phillips 66 shares rose 0.3% to $157.77 in after-hours trading.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/04/38430578/top-3-financial-stocks-that-could-sink-your-portfolio-this-quarter">Top 3 Financial Stocks That Could Sink Your Portfolio This Quarter</a>

Equities

Pre-Market Outlook

Markets

Trading Ideas

GOOG

GOOGL

MSFT

Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, following the release of economic reports.
The U.S. economy grew an annualized 1.6% in the first quarter, marking a notable slowdown from the 3.4% rate in the final quarter of 2023. However, analysts were expecting a 2.5% growth. The core price index for personal consumption expenditures increased by an annualized 3.7% in the first quarter versus a 2% gain in the prior three-month period.
Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>) reported better-than-expected first-quarter financial results and raised its 2024 guidance. Shares of Bristol Myers Squibb &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) fell more than 8% on Thursday after the company swung to a loss in the first quarter. Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares dipped over 10% after reporting first-quarter results.
Most sectors on the S&amp;P 500 closed on a negative note, with communication services, health care and real estate stocks recording the biggest losses on Thursday. However, materials and emergy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 375 points to 38,085.80 on Thursday. The S&amp;P 500 fell 0.46% at 5,048.42, while the Nasdaq Composite dipped 0.64% at 15,611.76 during Wednesday's session.
Investors are awaiting earnings results from Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) today.
At a current reading of 40.2, the index remained in the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 39.1.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Check This Out: <a href="https://www.benzinga.com/news/24/04/38430578/top-3-financial-stocks-that-could-sink-your-portfolio-this-quarter">Top 3 Financial Stocks That Could Sink Your Portfolio This Quarter</a>

Investor Sentiment Improves Slightly, But Dow Tumbles Over 350 Points

First Savings Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSFG#NASDAQ">FSFG</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.45 by 15.56 percent. This is a 3.7 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $14.338 which missed the analyst consensus estimate of $14.684 million by 100.00 percent. This is a 100.00 percent decrease over sales of $22.428 million the same period last year.

Earnings Beats

FSFG

First Savings Financial Q2 2024 Adj EPS $0.52 Beats $0.45 Estimate, Sales $14.338 Miss $14.684M Estimate

<table cellspacing="0">
<tbody>
<tr>
<td colspan="7" rowspan="1">
FINANCIAL RESULTS
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="7" rowspan="1">
4Q23 CONSOLIDATED RESULTS
</td>
</tr>
<tr>
<td colspan="7" rowspan="1">
(In Ps. Millions, except percentages)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
4Q23
</td>
<td colspan="1" rowspan="1">
As % of Revenue
</td>
<td colspan="1" rowspan="1">
4Q22
</td>
<td colspan="1" rowspan="1">
As % of Revenue
</td>
<td colspan="1" rowspan="1">
Growth (%)
</td>
<td colspan="1" rowspan="1">
Variation (Bps)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Total Revenue
</td>
<td colspan="1" rowspan="1">
Ps. 12,316
</td>
<td colspan="1" rowspan="1">
100.0%
</td>
<td colspan="1" rowspan="1">
Ps. 9,416
</td>
<td colspan="1" rowspan="1">
100.0%
</td>
<td colspan="1" rowspan="1">
30.8%
</td>
<td colspan="1" rowspan="1">
N/A
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Gross Profit
</td>
<td colspan="1" rowspan="1">
Ps. 2,011
</td>
<td colspan="1" rowspan="1">
16.3%
</td>
<td colspan="1" rowspan="1">
Ps. 1,430
</td>
<td colspan="1" rowspan="1">
15.2%
</td>
<td colspan="1" rowspan="1">
40.6%
</td>
<td colspan="1" rowspan="1">
114 bps
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Sales Expenses
</td>
<td colspan="1" rowspan="1">
Ps. (1,392)
</td>
<td colspan="1" rowspan="1">
11.3%
</td>
<td colspan="1" rowspan="1">
Ps. (991)
</td>
<td colspan="1" rowspan="1">
10.5%
</td>
<td colspan="1" rowspan="1">
40.5%
</td>
<td colspan="1" rowspan="1">
78 bps
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Administrative Expenses
</td>
<td colspan="1" rowspan="1">
Ps. (354)
</td>
<td colspan="1" rowspan="1">
2.9%
</td>
<td colspan="1" rowspan="1">
Ps. (232)
</td>
<td colspan="1" rowspan="1">
2.5%
</td>
<td colspan="1" rowspan="1">
52.6%
</td>
<td colspan="1" rowspan="1">
41 bps
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Other (Expense) Income &ndash; Net
</td>
<td colspan="1" rowspan="1">
Ps. (37)
</td>
<td colspan="1" rowspan="1">
(0.3)%
</td>
<td colspan="1" rowspan="1">
Ps. 7
</td>
<td colspan="1" rowspan="1">
0.1%
</td>
<td colspan="1" rowspan="1">
n.m.
</td>
<td colspan="1" rowspan="1">
(38) bps
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
EBITDA
</td>
<td colspan="1" rowspan="1">
Ps. 559
</td>
<td colspan="1" rowspan="1">
4.5%
</td>
<td colspan="1" rowspan="1">
Ps. 421
</td>
<td colspan="1" rowspan="1">
4.5%
</td>
<td colspan="1" rowspan="1">
32.9%
</td>
<td colspan="1" rowspan="1">
7 bps
</td>
</tr>
</tbody>
</table>

TBBB

Tiendas 3B Q4 Revenue Ps. 12,316M Up From Ps. 9,416M YoY, EBITDA Ps. 559M Up From Ps. 421M YoY

Tesla Inc CEO Elon Musk on Thursday denied allegations that the use of cobalt in EVs is leading to <a href="https://www.benzinga.com/general/education/24/02/37288311/elon-musk-engages-with-racial-iq-content-on-x-while-facing-drug-allegations-tesla-stock-turmoil">human rights violations </a>including child labor. 
What Happened: Unlike cellphone and laptop batteries that use cobalt, most electric cars use none, Musk said. 
&#8220;Those that do use cobalt, use very little, as the cathode is primarily nickel, which performs better and costs less than cobalt,&#8221; Musk wrote.
He was responding to claims made by climate activist Clover Hogan that the demand for cobalt grows with the rise in demand for EVs. A majority of this cobalt is mined in Congo and leads to human rights abuses including child labor, she alleged. 
Hogan thinks that climate change cannot be resolved by tech solutions such as EVs. She instead recommends that cities be made less car-friendly. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cell phone and laptop batteries use cobalt, but most electric cars use none. Those that do use cobalt, use very little, as the cathode is primarily nickel, which performs better and costs less than cobalt.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1783592081812009076?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Musk has denied the heavy use of cobalt at Tesla going as far back as 2021. &#8220;On a weighted-average basis we might use 2% cobalt compared to say, Apple&#8217;s 100% cobalt,&#8221; <a href="https://www.benzinga.com/news/21/07/22256322/why-elon-musk-thinks-epic-is-right-in-its-fight-against-apple">Musk then said. </a>
In a shareholder meeting last May, Musk said that he would <a href="https://www.benzinga.com/news/23/05/32480648/elon-musk-says-he-will-personally-review-teslas-cobalt-supply-chain-audit-to-extend-consumer-trust">personally review the third-party audit</a> of its&nbsp;cobalt supply chain despite shareholders rejecting the proposal for a third-party audit. 
"We will do a third-party audit. In fact, we'll put a webcam on the mine and if anybody sees any children please let us know," Musk said.
"I recommend complaining to the phone manufacturers," the CEO added. "But even for the small amount of cobalt that we do use, we will make sure that no child labor is being exploited.&#8221;
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38426856/gm-unveils-plans-for-autonomous-driving-unit-cruise-relaunch-after-hiatus-expects-1-7b-in-expenses">GM Unveils Plans For Autonomous Driving Unit Cruise Relaunch After Hiatus, Expects $1.7B In Expenses</a>

Tech

Tesla CEO Elon Musk Denies Human Rights Abuses In Most EV Battery Production: 'Those That Do...Use Very Little'

Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is expected to release earnings results for its first quarter, before the <a href="https://www.benzinga.com/quote/PSX/earnings">opening bell on April 26, 2024.</a>
Analysts expect the Houston, Texas-based company to report quarterly earnings at $2.17 per share, down from $4.21 per share in the year-ago quarter. Phillips 66 is projected to report quarterly revenue of $33.08 billion, compared to $35.09 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 3, Phillips 66 announced an increase in quarterly dividend from $1.05 to $1.15 per share.
Phillips 66 shares fell 0.4% to close at $157.24 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PSX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Barclays analyst Theresa Chen maintained an Equal-Weight rating and increased the price target from $139 to $155 on April 18. This analyst has an accuracy rate of 82%.</li>
<li>Wells Fargo analyst Roger Read maintained an Overweight rating and raised the price target from $179 to $191 on April 8. This analyst has an accuracy rate of 74%.</li>
<li>Piper Sandler analyst Ryan Todd maintained an Overweight rating and increased the price target from $169 to $187 on April 5. This analyst has an accuracy rate of 78%.</li>
<li>JP Morgan analyst John Royall maintained an Overweight rating and boosted the price target from $149 to $167 on April 1. This analyst has an accuracy rate of 73%.</li>
<li>Goldman Sachs analyst Neil Mehta maintained a Buy rating and increased the price target from $152 to $174 on March 22. This analyst has an accuracy rate of 72%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38430578/top-3-financial-stocks-that-could-sink-your-portfolio-this-quarter">Top 3 Financial Stocks That Could Sink Your Portfolio This Quarter</a>

Price Target

Phillips 66 Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Affirming 2024 Earnings&nbsp;Guidance, Capital Plan and Long-Term EPS Growth
We are affirming 2024 diluted earnings&nbsp;guidance&nbsp;of&nbsp;$3.42&nbsp;-&nbsp;$3.62&nbsp;per diluted share and our&nbsp;$500 million&nbsp;capital plan. This&nbsp;guidance&nbsp;is based upon, but not limited to, the following major assumptions:
<ul>
<li>Normal weather in our service territories;</li>
<li>An effective income tax rate of approximately&nbsp;12%-14%; and</li>
<li>Diluted average shares outstanding of approximately 61.3 million.</li>
</ul>
We are also affirming our long-term (5 year) diluted earnings per share growth&nbsp;guidance&nbsp;of&nbsp;4%&nbsp;to&nbsp;6%&nbsp;from a 2022 base year of&nbsp;$3.18&nbsp;diluted earnings per share on a non-GAAP basis. We expect rate base growth of&nbsp;4%&nbsp;to&nbsp;6%. Our current capital investment program is sized to provide for no equity issuances. Future generation capacity additions or other strategic opportunities may require equity financing.

Guidance

NorthWestern Affirms 2024 Guidance: Sees EPS Of $3.42 - $3.62 Vs. $3.49 Consensus

2024&nbsp;Guidance&nbsp;Reaffirmed
The company&#39;s 2024 full-year&nbsp;guidance&nbsp;is reaffirmed and includes:
<ul>
<li>Net income per diluted common share of&nbsp;$2.68&nbsp;to&nbsp;$2.78; and,</li>
<li>Regulated infrastructure investments of approximately&nbsp;$332 million</li>
</ul>
In addition, we reiterate our non-linear long-term diluted EPS growth of&nbsp;5%&nbsp;to&nbsp;7%, anchored off 2022&#39;s diluted EPS of&nbsp;$2.43.
When considering the company&#39;s 2024&nbsp;guidance&nbsp;relative to actual results in 2023 of&nbsp;$2.68&nbsp;diluted EPS, it is important to note that the company&#39;s adjustment to income tax reserves in 2023 resulted in an increase of&nbsp;$0.14&nbsp;per diluted share.
Our&nbsp;guidance&nbsp;is subject to risks and uncertainties, including, without limitation, those factors outlined in the &quot;Forward Looking Statements&quot; of this release and the &quot;Risk Factors&quot; section of the company&#39;s annual and quarterly reports filed with the Securities and Exchange Commission.

SJW Group Reaffirmed 2024 Guidance: Sees EPS Of $2.68 To $2.78 Vs. $3.00 Consensus

ALCC

Reported Earlier, AltC Acquisition Corp. Schedules Special Meeting For Oklo Business Combination Approval

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/XOM/earnings">opening bell on April 26, 2024</a>.
Analysts expect the Spring, Texas-based company to report quarterly earnings at $2.20 per share, down from $2.83 per share in the year-ago period. Exxon Mobil is projected to report quarterly revenue of $78.35 billion, up from $86.56 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 2, Exxon Mobil said fourth-quarter FY23 result adjusted net profit came in at $9.96 billion, or $2.48 per share, down from $14.04 billion, or $3.40 per share, a year earlier, beating the consensus of $2.21 per share.
Exxon Mobil shares rose 0.2% to close at $121.33 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/XOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Piper Sandler analyst Ryan Todd maintained an Overweight rating and raised the price target from $130 to $145 on April 18, 2024. This analyst has an accuracy rate of 78%.</li>
<li>UBS analyst Josh Silverstein maintained a Buy rating and boosted the price target from $133 to $150 on April 11, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Wells Fargo analyst Roger Read maintained an Overweight rating and boosted the price target from $126 to $138 on April 4, 2024. This analyst has an accuracy rate of 74%.</li>
<li>TD Cowen analyst Jason Gabelman maintained a Buy rating and raised the price target from $115 to $120 on April 1, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Redburn Atlantic analyst Peter Low upgraded the stock from Neutral to Buy and increased the price target from $116 to $119 on Jan. 9, 2024. This analyst has an accuracy rate of 75%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38430580/glucotrack-and-2-other-stocks-under-1-insiders-are-buying">GlucoTrack And 2 Other Stocks Under $1 Insiders Are Buying</a>

Exxon Mobil Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Reported Earlier, AZZ Prices Public Offering Of 4M Common Stock At $70/Share For Gross Proceeds Of $280M

NorthWestern (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWE#NASDAQ">NWE</a>) reported quarterly earnings of $1.09 per share which missed the analyst consensus estimate of $1.13 by 3.54 percent. This is a 3.81 percent increase over earnings of $1.05 per share from the same period last year. The company reported quarterly sales of $475.300 million which beat the analyst consensus estimate of $471.601 million by 0.78 percent. This is a 4.58 percent increase over sales of $454.500 million the same period last year.

NorthWestern Q1 2024 Adj EPS $1.09 Misses $1.13 Estimate, Sales $475.300M Beat $471.601M Estimate

Vincerx Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) today announced the pricing of an underwritten public offering of (i) 6,000,000 shares of its common stock and accompanying common stock warrants to purchase an aggregate of 6,000,000 shares of common stock, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 16,000,000 shares of common stock and accompanying common stock warrants to purchase up to an aggregate of 16,000,000 shares of common stock. Each share of common stock and accompanying common stock warrant are being sold together at a combined public offering price of&nbsp;$0.75, and each pre-funded warrant and accompanying common stock warrant are being sold together at a combined public offering price of&nbsp;$0.7499.

VINC

Vincerx Pharma Sets Pricing For New Public Offering Of Shares And Warrants

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.39 by 7.69 percent. This is a 2.7 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $149.382 million which beat the analyst consensus estimate of $140.500 million by 6.32 percent. This is a 8.80 percent increase over sales of $137.296 million the same period last year.

SJW Gr Q1 2024 GAAP EPS $0.36 Misses $0.39 Estimate, Sales $149.382M Beat $140.500M Estimate

Crypto trader Kevin has suggested that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could be on the brink of outperforming the S&amp;P 500.
What Happened: On Thursday, Kevin, a well-known crypto trader, took to social media platform X to share an intriguing insight. He pointed out that the chart for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) versus the S&amp;P 500 is showing signs of consolidation just below all-time highs. This, he suggested, could indicate a potential outperformance of Bitcoin against the stock market.
&#8220;#BTC vs #SPX (S&amp;P500) on the inverted chart looks very interesting here consolidation right below all time highs. We might be on the verge of a #BTC outperformance against the #StockMarket,&#8221; Kevin wrote.<a href="https://twitter.com/Kev_Capital_TA/status/1783543419253543287/photo/1"></a>
Kevin&#8217;s post was accompanied by a chart that illustrated the BTC/SPX relationship, suggesting that a significant shift might be imminent. The crypto trader is formerly known as OG_Yomi on X. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> vs <a href="https://twitter.com/hashtag/SPX?src=hash&amp;ref_src=twsrc%5Etfw">#SPX</a> (S&amp;P500) on the inverted chart looks very interesting here consolidation right below all time highs. We might be on the verge of a <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> outperformance against the <a href="https://twitter.com/hashtag/StockMarket?src=hash&amp;ref_src=twsrc%5Etfw">#StockMarket</a>. <a href="https://t.co/n6lxfiIFAi">pic.twitter.com/n6lxfiIFAi</a>
&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1783543419253543287?ref_src=twsrc%5Etfw">April 25, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38377888/holding-6-ethereum-eth-could-make-you-a-millionaire-according-to-cathie-wood?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Holding 6 Ethereum (ETH) Could Make You A Millionaire, According to Cathie Wood</a>
Why It Matters: The recent market movements have been a topic of concern for many investors. Just a day before Kevin&#8217;s post, Bitcoin witnessed a significant technical indicator, prompting a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38450026/bitcoin-sell-signal-on-12-hour-chart-sparks-concerns-analyst-warns-exercise-caution-given-">sell-off signal</a> on its 12-hour chart. This development raised concerns among traders and investors.
Despite these challenges, some traders are optimistic about Bitcoin&#8217;s future. Pseudonymous cryptocurrency trader Tim argues that Bitcoin&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38442912/bitcoins-consolidation-phase-best-met-with-zoom-out-perspective-patience-approach-says-tra">current consolidation phase is &#8220;healthy&#8221;</a> and anticipates the next leg up.
Bitcoin has been facing a series of challenges, including falling below the key $64,000 level following <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38431809/bitcoin-falls-below-64-000-following-gdp-jobless-claims-data-nervos-network-becomes-top-lo">GDP and jobless claims data</a>. Despite these challenges, the cryptocurrency has shown resilience and is currently consolidating just below its all-time high.
Renowned economist and cryptocurrency skeptic, Peter Schiff, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38421343/peter-schiff-warns-bitcoin-hodlers-its-a-long-way-down-if-king-crypto-cant-hold-60k">warned Bitcoin holders</a> of a potential drop if the coin fails to hold the $60,000 support level.
Price Action: Bitcoin is currently trading at $64,251, reflecting a marginal decline of 0.36% over the past 24 hours. However, the cryptocurrency has surged by an impressive 45.46% year-to-date, based on data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38395178/dogecoin-could-outperform-bitcoin-thanks-to-consolidation-in-the-golden-pocket-says-trader?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Could Outperform Bitcoin Thanks To Consolidation In The Golden Pocket, Says Trader: &#8216;This Is A Very Good Sign&#8217;</a>
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Cryptocurrency

Global

$BTC

Bitcoin Could Outperform S&P 500, Says Crypto Analyst: 'The Inverted Chart Looks Very Interesting'

U.S. Treasury Secretary, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China&#8217;s excess industrial capacity.
What Happened: In an interview on Thursday, Yellen stated that the U.S. economic growth might be stronger than the weaker-than-expected data on first-quarter output suggests, Reuters reported. She also mentioned that the Biden administration is keeping all options open to respond to threats from China&#8217;s excess industrial capacity.
Yellen downplayed the recent surge in inflation, stating that it does not indicate a need for unemployment to increase or other areas of the economy to cool down. 
&#8220;The U.S. economy continues to perform very, very well,&#8221; she said.
&#8220;The fundamentals here are in line with inflation continuing back down to normal levels.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38399089/nasdaq-futures-get-a-lift-from-tesla-texas-instruments-earnings-analyst-points-to-key-catalyst-for-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 To Open Higher After Tesla, TI Earnings: What&#8217;s Driving Stock Futures?</a>
On the topic of China&#8217;s overcapacity, Yellen stated that no option was &#8220;off the table&#8221; for dealing with this threat to the U.S. economy. She emphasized that it is crucial for China to recognize the concern and begin to act to address it.
Why It Matters: The U.S. economy&#8217;s performance and inflation rates have significant implications on consumer spending, investment spending, and overall economic health.
The U.S. economy <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38429782/us-economy-grows-1-6-in-q1-slightly-below-expectations-as-price-pressures-weigh-o">grew at a slower pace</a> than expected in the first quarter of the year, with an annualized growth rate of 1.6%. This slowdown was accompanied by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">an increase in price pressures,</a> indicating a potential stagflation scenario.
Yellen&#8217;s concerns about China&#8217;s industrial overcapacity are not new. She earlier <a href="https://www.benzinga.com/news/24/04/38146989/treasury-secretary-janet-yellen-sees-flood-of-chinese-exports-wiping-out-us-green-energy-industry">expressed worry about Chinese industrial policies </a>leading to a flood of cheap clean-energy product exports, potentially wiping out important US industries.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: &#8216;Drivers Of Inflation Have Changed&#8217;</a>
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Macro Economic Events

Economics

General

Janet Yellen Sees Inflation Normalizing This Year But Doesn't Take Eye Off China's Industrial 'Overcapacity'

The Federal Trade Commission or FTC has accused top executives at&nbsp;Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) including founder Jeff Bezos and CEO Andy Jassy of deleting text messages that could have been used as evidence in the <a href="https://www.benzinga.com/government/23/07/33430801/ftc-v-amazon-all-you-need-to-know-about-the-upcoming-high-profile-antitrust-lawsuit">ongoing antitrust investigation</a>.
What Happened: In a court filing on Thursday, FTC alleged that Bezos and Jassy used the encrypted messaging platform Signal to communicate between&nbsp;April 2019 and May 2022. The messages were set to disappear, effectively erasing potential evidence for the FTC&#8217;s antitrust case against Amazon, the agency said, <a href="https://www.bloomberg.com/news/articles/2024-04-26/amazon-s-bezos-jassy-deleted-chats-despite-ftc-antitrust-probe?srnd=technology-vp">reported</a>&nbsp;Bloomberg. 
Other executives who communicated via&nbsp;Signal include&nbsp;David Zapolsky, Amazon&#8217;s top lawyer;&nbsp;Jeff Wilke, Amazon&#8217;s&nbsp;retail czar until 2021; and&nbsp;Dave Clark, a&nbsp;logistics executive who left in&nbsp;2022 after Bezos handed the&nbsp;reins to Jassy.
See Also:&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/04/38397316/elon-musk-says-morgan-freeman-is-awesome-after-american-actor-says-hes-a-huge-fan-of-tesla-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Morgan Freeman Is &#8216;Awesome&#8217; After American Actor Says He&#8217;s A Huge Fan Of Tesla CEO: &#8216;What He&#8217;s Done, Nobody Else Has Ever Done&#8217;</a>
The FTC&#8217;s court filing builds on allegations&nbsp;made in its antitrust complaint&nbsp;against Amazon last fall. The filing seeks information about Amazon&#8217;s instructions to employees regarding the use of Signal and the retention of messages.
Amazon&#8217;s spokesman&nbsp;Tim Doyle&nbsp;refuted the FTC&#8217;s claims, stating that the company had voluntarily disclosed its limited use of Signal to the FTC years ago and had&nbsp;thoroughly collected Signal conversations from&nbsp;employees&#8217; phones.
&#8220;The FTC's contentions are baseless,&#8221; Doyle said, adding, &#8220;Amazon voluntarily disclosed employees' limited Signal use to the FTC years ago, thoroughly collected Signal conversations from its employees' phones, and allowed agency staff to inspect those conversations even when they had nothing to do with the FTC's investigation.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Executives turned to the encrypted messaging platform following Bezos&#8217; revelation in 2019 that his phone had been compromised, and he accused the National Enquirer of attempting to expose his private photos and messages. 
The court filing requests details on how Amazon executives instructed staff regarding the use of Signal for communication and guidelines for message retention. The FTC&#8217;s inquiry into Amazon, initiated in 2019, mandated the company to preserve and provide documents. 
However, the agency stated that executives impeded the FTC&#8217;s investigation into Amazon&#8217;s business practices and potential antitrust breaches by using Signal&#8217;s feature for vanishing messages.
Last year, in November last year, the FTC accused Amazon of <a href="https://www.benzinga.com/news/23/11/35606062/amazon-accused-of-raking-in-1-billion-through-deceptive-practices-according-to-ftc-suit">engaging in deceptive practices</a> that increased consumer prices by over a billion dollars. This was followed by the FTC&#8217;s revelation of a <a href="https://www.benzinga.com/news/23/10/35068969/ftc-exposes-amazons-hidden-algorithm-amid-antitrust-concerns">secret algorithm</a> used by Amazon to manipulate prices, which was included in the FTC&#8217;s monopoly lawsuit against the e-commerce giant.
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Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38349837/elon-musk-agrees-every-american-household-will-have-a-1-000-per-month-home-robot-in-7-years-time?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees Every American Household Will Have A $1,000-Per-Month Home Robot In 7 Years&#8217; Time</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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AMZN

Jeff Bezos And Amazon CEO Andy Jassy Accused Of Deleting Chats Amid Antitrust Probe: 'The FTC's Contentions Are Baseless'

Sawyer Merritt, a prominent Tesla investor, recently emphasized the electric vehicle giant&#8217;s unparalleled data collection prowess, citing the staggering mileage covered by Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) owners.
What Happened: During CNBC&#8217;s &#8220;Last Call&#8221; on Thursday, Merritt highlighted that Tesla owners are now driving approximately 1 billion miles every 68 days using Full-Self Driving (FSD). This, he said, was roughly 250% increase than what the number was three months ago.
He posed a rhetorical question, &#8220;How can any automaker catch up to Tesla in terms of data gathering?&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Tesla owners are now driving roughly 1 billion miles every 68 days," says Tesla investor <a href="https://twitter.com/SawyerMerritt?ref_src=twsrc%5Etfw">@SawyerMerritt</a> on whether or not <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> has reached its bottom. "How can any automaker catch up to Tesla in terms of data gathering?" <a href="https://t.co/PtOvSDIHLt">pic.twitter.com/PtOvSDIHLt</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1783648512640471132?ref_src=twsrc%5Etfw">April 26, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/education/24/04/38388530/heres-how-much-warren-buffett-could-have-made-investing-in-tesla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much Warren Buffett Could Have Made Investing In Tesla</a>
Why It Matters: Merritt&#8217;s comments come in the wake of <a href="https://www.benzinga.com/news/earnings/24/04/38390883/tesla-q1-earnings-highlights-ev-giant-misses-wall-street-estimates-makes-cost-cuts-invests-in-ai-sp">Tesla reporting a 9% year-on-year decrease</a> in Q1 revenue, which fell short of Wall Street&#8217;s estimates. Despite this, the company&#8217;s stock experienced a significant <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38415577/tesla-posts-strongest-session-since-january-2022-is-a-trend-reversal-underway">12% increase on Wednesday,</a> marking its strongest session since January 2022. This surge occurred despite the earnings miss, with investors seemingly encouraged by Tesla&#8217;s commitment to launching more affordable models and expanding its market reach.
Adding to the positive sentiment, Tesla received an <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38441703/billionaire-ron-baron-calls-the-bottom-in-tesla-stock-says-shares-will-go-up-huge-from-h">important endorsement from Bank of America</a>, which upgraded its rating on the stock from Neutral to Buy. Analyst John Murphy highlighted Tesla&#8217;s ability to address recent challenges effectively. Furthermore, billionaire investor Ron Baron believes Tesla&#8217;s stock has fallen far enough and is now set to rise significantly from current levels.
Price Action: As of Thursday, Tesla&#8217;s stock closed at $170.18, marking a 4.97% change from the previous close. 
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38399275/no-choice-elon-musk-reacts-as-x-user-reveals-main-reason-why-the-billionaire-is-re-organizing-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;No Choice:&#8217; Elon Musk Reacts As X User Reveals &#8216;Main Reason&#8217; Why The Billionaire Is &#8216;Re-Organizing&#8217; Tesla</a>
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Analyst Color

TSLA

Tesla Investor Touts EV Giant's Billions-Mile Leap In Gathering Self-Driving Data: 'How Can Any Automaker Catch Up?'

These Industrials stocks are trading higher:-Evolv Technology (EVLVW) stock is trading at $1.61, an increase of $0.28, or 21.05%, on high volume.  Evolv Technologies Hldgs Inc WT gets a Sentiment Score of Neutral from InvestorsObserver.  -Evolv Technologies Holdings Inc (EVLV) stock is trading at $6.87, a gain of $0.88, or

Industrials Stocks Making Moves Monday: EVLVW, EVLV, AQMS, FCEL, KSCP, UGRO, LUNR, UUU

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The era of artificial intelligence is upon us. By 2030, AI is expected to contribute <a href="https://abcnews.go.com/Technology/what-is-artificial-intelligence-ai/story?id=99919927#:~:text=By%202030%2C%20AI%20could%20contribute,and%20research%20firm%20PwC%20found." target="_blank">$15.7 trillion to the global economy</a>. And while many of the large-cap tech giants are making a splash, it&rsquo;s frequently the smallest companies that produce the largest gains. That&rsquo;s why it&rsquo;s a good time to look at AI <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> with huge potential. &nbsp;
If you were fortunate enough to invest in one or more of the blue-chip <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> like Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) or Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) you&rsquo;ve had a nice first half of the year. Those blue-chip companies are likely to be terrific long-term (maybe even forever) stocks. And AI will be a part of that. However, the beauty of looking at small-cap AI stocks is that they occupy niche industries. That may not mean impressive revenue now, but it also means they have the potential to achieve a first-mover advantage. At the very least, that may make them attractive as a takeover target. &nbsp;
Here are seven AI penny stocks to watch as you look to make life-changing money from the advance of artificial intelligence. &nbsp;
<h2>SoundHound AI (SOUN)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-ai-computer-chip-1600-300x169.jpg" alt='Close-up of letters "AI" written on a computer chip, symbolizing artificial intelligence and AI stocks' width="300" height="169"><div>Source: shutterstock.com/YAKOBCHUK V</div></div>
SoundHound (NASDAQ:<a href="https://investorplace.com/stock-quotes/soun-stock-quote/">SOUN</a>) uses AI as part of its voice and audio AI platform. The company&rsquo;s technology, Houndify, creates a voice-assisted experience that simulates regular conversation. One way to think about Houndify is as a <a href="https://investorplace.com/2023/07/3-penny-stocks-that-ai-is-loving-in-july/" target="_blank">less robotic Alexa or Siri</a>. &nbsp;
Impressively, SoundHound has numerous partnerships in applications ranging from data centers to electric vehicles. In 2022, the company generated over $31 million in revenue. And in the first quarter of 2023, it reported revenue of $6.71 million. That was 56% higher than the first quarter of 2022. &nbsp;
On the bottom line, the results were equally as impressive. In the first quarter of 2022, the company posted negative earnings per share of $2. It shaved that to a negative EPS of just 12 cents in its last quarter.&nbsp;However, while the company is targeting positive GAAP operating cash flow by the end of this year, profitability will take some time. &nbsp;
Most small-cap investors are comfortable will be comfortable with a company that has negative earnings. That will take care of itself. In the meantime, SoundHound faces a large amount of short interest. That combined with only about 25% institutional ownership makes this an opportunity and a risk for retail investors. &nbsp;&nbsp;
<h2>Evolv Technologies (EVLVW)&nbsp;</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2023/02/ai-artificial-intelligence-pen-chart-1600-300x169.jpg" alt='Hand with pen marking holographic chart with the word "AI". Artificial Intelligence' width="300" height="169"><div>Source: shutterstock.com/everything possible</div></div>
In the opening, I said that many small-cap AI stocks occupy niche industries. Evolv Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/evlvw-stock-quote/">EVLVW</a>) exemplifies that as a leader in creating Ai-based weapons detection for <a href="http://Evolv's%20AI%20gun%20scanner%20is%20gaining%20popularity%20-%20The%20Washington%20Post" target="_blank">security screening</a>. &nbsp;
The company&rsquo;s premier product is <a href="http://Evolv%20Express%C2%AE%20-%20Security%20Screening%20for%20the%20New%20World%20(evolvtechnology.com)" target="_blank">Evolv Express</a> which the company describes as a weapons detection system that &ldquo;combines powerful sensor technology with proven artificial intelligence, security ecosystem integrations, and comprehensive venue analytics to ensure safer, more accurate threat detection at an unprecedented speed and volume.&rdquo;&nbsp;
Right away, you can imagine the potential applications. Airports, entertainment and sporting venues are just two examples. But also consider the possibility in schools and hospitals. It&rsquo;s not hyperbole to suggest that this company&rsquo;s technology could save lives.&nbsp;
EVLVW stock has been a fast mover in 2023. And by the time you read this it may have already cracked the $5 level. But that should be just the beginning.&nbsp;Institutional interest will remain small until the stock cracks the $10 mark which makes now a good time to get in.&nbsp;&nbsp;
<h2>Rekor Systems (REKR)&nbsp;</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2023/02/ai-artificial-intelligence-touch-1600-300x169.jpg" alt='Illustration of hand pointing finger about to touch virtual "AI" graphic. AI Stocks' width="300" height="169"><div>Source: shutterstock.com/Den Rise</div></div>
Another choice among AI penny stocks with huge potential is Rekor Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/rekr-stock-quote/">REKR</a>). If you think that infrastructure stocks are exciting then you&rsquo;ll appreciate the buying thesis for Rekor Systems. &nbsp;
The company leverages AI, machine learning, and holistic data to identify the most pressing infrastructure concerns facing its clients. And while one of its major clients are in the United States, Rekor also operates in Canada and other international markets. The company is also using AI in the area of <a href="https://www.rekor.ai/" target="_blank">Roadway Intelligence</a>. This involves collecting, connecting and organizing &ldquo;the world&rsquo;s mobility data to deliver revolutionary roadway intelligence&hellip;&rdquo;&nbsp;
That being said, Rekor is not generating much revenue. But in the first quarter of 2023, the company nearly doubled its revenue on a year-over-year basis. And since 2018, the company has been growing its revenue at a <a href="https://global-uploads.webflow.com/61329f1ed969e70039c05b5e/62efce917ed5f44997d0f205_Rekor%20Investor%20Deck%20-%20June%202022.pdf" target="_blank">compound annual growth rate (CAGR) of 42.17%</a>.&nbsp;
<h2>Remark (MARK) &nbsp;</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2019/10/artificial-intelligence-300x169.jpg" alt="a visual representation of the data underlying an artificial intelligence (AI) powered solution. BBAI stock" width="300" height="169"><div>Source: Shutterstock</div></div>
Remark Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/mark-stock-quote/">MARK</a>) is one of the riskier stocks on this list. The company develops and deploys AI-based solutions for business and software developers. This covers a gamut of applications including facial recognition software, AI-powered retail analytics, virtual healthcare solutions, AI-based vision and computing, deep learning video analytics, situational awareness and forensic investigations. &nbsp;
That&rsquo;s not exactly a niche company. But the company&rsquo;s jack of all trades strategy may pay off as <a href="https://investorplace.com/2023/02/7-ai-penny-stocks-that-could-skyrocket-in-2023/" target="_blank">demand for AI solutions</a> continues to soar. &nbsp;
However, the company is not generating a lot of revenue to begin with and in its most recent quarter, it posted an alarming year-over-year revenue decline. That explains why the stock is back to trading under $1 dollar after surging nearly 70% in the fist two months of 2023. Again, MARK stock is a risk. But as part of a speculative AI stock, it may be worth taking a small position and building over time. &nbsp;
<h2>Predictive Oncology (POAI)&nbsp;</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/04/ai-artificial-intelligence-1600-300x169.png" alt="blue graphic of person's face made of binary code and microchip lines to depict artificial intelligence/AI. Best Value AI Stocks" width="300" height="169"><div>Source: shutterstock.com/Peshkova</div></div>
The next two stocks on this list of AI penny stocks with huge potential combine the benefits of AI with biotechnology. And both have similar missions. The first of these is Predictive Oncology (NASDAQ:<a href="https://investorplace.com/stock-quotes/poai-stock-quote/">POAI</a>).&nbsp;
The company uses a proprietary AI platform to identify drugs that are likely to work against specific tumors. To facilitate this, the company has a bank of 150,000 tumor samples. In March of this year, the company&nbsp;<a href="https://investors.predictive-oncology.com/news-releases/news-release-details/predictive-oncology-announces-collaboration-integra-therapeutics">announced a partnership with Integra Therapeutics</a>. that will enhance Integra&rsquo;s ability to use gene editing for future cancer therapies.&nbsp;&nbsp;&nbsp;
Like every company on this list, Predictive Oncology is not yet profitable. However, it&rsquo;s been increasing revenue by 27% in the last five years. &nbsp;
Before investors dive in, they should be advised that the company conducted a 1-for-20 reverse stock split. While these splits are rarely good for investors, the company took the action for the sole purpose of staying in compliance with NASDAQ requirements. &nbsp;
<h2>Lantern Pharma (LTRN)&nbsp;</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2023/02/artificial-intelligence-ai-green-1600-300x169.jpg" alt='Graphic of letters "AI" on green techy digital-display background with square pixels spelling out the letters, symbolizing artificial intelligence and AI stocks' width="300" height="169"><div>Source: shutterstock.com/Victor Runov</div></div>
Lantern Pharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/ltrn-stock-quote/">LTRN</a>) is another company leveraging the power of AI with biotech to fight cancer. Specifically, the company&rsquo;s RADR platform <a href="http://Lantern%20Pharma%20Inc%20-%20Precision%20Oncology%20Medicine" target="_blank">analyzes over 25 billion data points</a> using a combination of machine learning, AI and advanced genomics. This allows the company to identify signatures in the human genome that may correlate to specific drug responses and identifies compounds that should benefit cancer patients. &nbsp;
In June, Lantern announced that it had received approval from the U.S. Food and Drug Admnistration (FDA) to begin Phase 1 testing of its lead candidate <a href="https://ir.lanternpharma.com/news-events/press-releases/detail/129/lantern-pharma-receives-fda-clearance-of-ind-application" target="_blank">LP-184</a>. This is being tested for the treatment of cancerous solid tumors. The company expects to have results in the first half of 2024. &nbsp;
Lantern is a pre-revenue company. This puts the risk of owning the stock in plain view. Still, the race to find a cure for cancer is accelerating in both the public and private sector. And Lantern Pharma is a worthy competitor. &nbsp;
<h2>Ideanomics (IDEX)&nbsp;</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2023/05/artificial-intelligence-brain-network-ai-stocks-1600-300x169.jpg" alt="Black and cyber blue illustration of brain made out of light of circuit board with chip at the center of the brain, representing artificial intelligence (AI) stocks" width="300" height="169"><div>Source: shutterstock.com/cono0430</div></div>
Ideanomics (NASDAQ:<a href="https://investorplace.com/stock-quotes/idex-stock-quote/">IDEX</a>) is last on this list of AI penny stocks with huge potential. And of all the stocks on this list, as of this writing, IDEX stock is literally trading for pennies. In fact, one concern hanging over IDEX stock is the possibility that it could be delisted. &nbsp;
An obvious, but unpopular, solution could be to issue a reverse stock split. The company is generating revenue so a reverse split could buy it time to scale its business. Nevertheless, reverse stock splits are rarely good, especially when the company is posting uneven revenue. &nbsp;
The opportunity for Ideanomics is in the application of AI to help match fleet managers with the EVs that are right for their needs. It also offers EV financing and EV charging solutions. However, the company is not a pure-play on AI and investors should be sure to understand the opportunity and risk with IDEX stock. &nbsp;
<h2>Penny Stocks</h2>
On Penny Stocks and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.
On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral" target="_blank">Publishing Guidelines</a>.&nbsp;
<div>
Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.
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The post <a href="https://investorplace.com/2023/07/7-ai-penny-stocks-with-huge-potential-to-go-to-five-dollars/">7 AI Penny Stocks that Could Hit $5 Soon</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 AI Penny Stocks that Could Hit $5 Soon

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EVLV INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

EVLV INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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