FTC Solar Stock (NASDAQ:FTCI), Trade Ideas

FTC Solar

FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.

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The Dow Jones index closed lower by over 150 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Design Therapeutics And 2 Other Stocks Under $5 Insiders Are Buying

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FTC Solar, Inc.  (NASDAQ: FTCI) reported mixed financial results for the fourth quarter on Wednesday.

These Analysts Cut Their Forecasts On FTC Solar After Q4 Results

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Tesla To $165? Here Are 10 Top Analyst Forecasts For Thursday

FTC Solar Inc

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Corcept Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORT#NASDAQ">CORT</a>) with a Buy and maintains $38 price target.

Reiteration

CORT

HC Wainwright & Co. Reiterates Buy on Corcept Therapeutics, Maintains $38 Price Target

Neurocrine Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>) revealed on Tuesday topline data for its Phase 2 SAVITRI study of NBI-1065845 in adult subjects with <a href="https://www.benzinga.com/pressreleases/24/04/n38375091/neurocrine-biosciences-reports-positive-phase-2-data-for-nbi-1065845-in-adults-with-major-depressi" target="_blank" rel="noreferrer noopener">major depressive disorder (MDD)</a>. 
In 2020, Neurocrine Biosciences and&nbsp;Takeda Pharmaceutical Company Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) entered into a strategic collaboration to develop and commercialize compounds in Takeda&#8217;s early-to-mid-stage psychiatry pipeline, including an exclusive license to NBI-1065845 (TAK-653).
The study met its primary and&nbsp;key&nbsp;secondary endpoints, demonstrating that once-daily, oral administration of NBI-1065845 produced a statistically significant change from baseline in Montgomery Åsberg Depression Rating Scale (MADRS) total score at both Day 28 (primary) and Day 56 (secondary).&nbsp;
In the&nbsp;full&nbsp;analysis data set, the least squares (LS) mean differences from baseline in MADRS total score for NBI-1065845 were:
One of the doses demonstrated improvement over the placebo of -4.3 (p-value = 0.0159) and -7.5 (p-value = 0.0016) at Day 28 and Day 56, respectively.
The other undisclosed dose did not achieve statistical significance but demonstrated a trend toward improvement over the placebo of -3.0 (p-value = 0.0873) and -3.6 (p-value = 0.1082) at Day 28 and Day 56, respectively.
NBI-1065845 was generally well tolerated.&nbsp;
The most common adverse event was headache.&nbsp;The adverse event profile for both doses of NBI-1065845 was comparable to the placebo. There were no deaths or serious adverse events.&nbsp;
The discontinuation rates were low throughout the study.
William Blair suggested the company&#8217;s recent update is a positive development, especially considering its inconsistent performance in the midstage pipeline, particularly with the neuropsychiatry portfolio obtained from Takeda.&nbsp;
Although depression remained challenging to address due to placebo effects, the update indicated the potential for a significant sales opportunity exceeding $1 billion for a new antidepressant mechanism.
Despite this, there is cautious optimism, although replication in pivotal studies is crucial.&nbsp;
Investors are also eagerly awaiting updates on the M4-agonist &#8216;568 program, given positive results from similar programs in the industry.&nbsp;
In the meantime, the company&#8217;s value largely depends on Ingrezza revenue, with anticipation for the first-quarter earnings call on May 1. 
William Blair maintained an <a href="https://www.benzinga.com/quote/NBIX/analyst-ratings" target="_blank" rel="noreferrer noopener">Outperform rating on Neurocrine</a>.
NBIX Price Action: NBIX shares are up 4.29% at $139.31 at the last check Tuesday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38385424/quest-diagnostics-says-sales-in-q1-increased-for-the-first-time-since-the-height-of">Quest Diagnostics Says Sales In Q1 Increased For The First Time Since The Height Of Pandemic</a>
Photo: Julia Koblitz via Unsplash

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Neurocrine Biosciences Says Treatment Can Alleviate Several Symptoms Associated With Depressive Disorder

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Watching Zoom Video Communications; Hearing Columbia University Classes May Go Remote For The Rest Of The Year Due To Protests

<a href="https://president.columbia.edu/news/statement-columbia-university-president-minouche-shafik-4-22" title="https://president.columbia.edu/news/statement-columbia-university-president-minouche-shafik-4-22">https://president.columbia.edu/news/statement-columbia-university-president-minouche-shafik-4-22</a>

On Monday, Columbia University President Cited Protests As Cause For Virtual Classes

Wedbush analyst David Nierengarten reiterates Vor Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOR#NASDAQ">VOR</a>) with a Outperform and maintains $11 price target.

Wedbush Reiterates Outperform on Vor Biopharma, Maintains $11 Price Target

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Super Micro Computer shares are trading higher as the stock rebounds following Friday's selloff.

Canaccord Genuity analyst Jeremy Hoy maintains Skeena Resources (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SKE#TSX">SKE</a>) with a Speculative Buy and raises the price target from C$14.75 to C$17.

TSX:SKE

Canaccord Genuity Maintains Speculative Buy on Skeena Resources, Raises Price Target to C$17

GE Vernova shares are trading higher. GE Aerospace today reported Q1 earnings.

ALAB

Astera Labs shares are trading higher as AI and semiconductor-related stocks rebound after Friday's drop.

JP Morgan analyst Reginald Smith reiterates Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) with a Neutral.

AFRM

JP Morgan Reiterates Neutral on Affirm Holdings

In early 2021, Ark Invest, led by tech investor Cathie Wood, managed a staggering $59 billion across six funds, making it the world&#8217;s <a href="https://www.benzinga.com/topic/cathie-wood">largest active ETF manager.</a>
Three years later, a significant 80% downturn occurred, with assets under management in those funds plummeting to just $11.1 billion. This decline can be attributed to a combination of factors, including high interest rates dampening Wood&#8217;s long-term speculative tech investments and the subsequent wave of outflows from disillusioned investors.
To give a sense of the&nbsp;scale, investors had withdrawn a substantial $2.24 billion from Wood&#8217;s actively managed funds by the end of the third week of April 2024, nearly tripling the outflows seen throughout all of 2023. 
Notably, Ark&#8217;s flagship fund, the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), experienced outflows exceeding $1.3 billion in less than four months this year, far surpassing the $578 million seen in 2023.
Below is a breakdown of the fund flows for Ark&#8217;s actively managed ETFs in 2024 compared to 2023:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ARK Actively Managed ETFs</th>
<th>YTD 2024 Fund Flows (as of Apr. 19)</th>
<th>2023 Fund Flows</th>
</tr>
</thead>
<tbody>
<tr>
<td>ARK Innovation ETF </td>
<td>-1.37 B</td>
<td>-578.15 M</td>
</tr>
<tr>
<td>ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>)</td>
<td>-211.66 M</td>
<td>-63.93 M</td>
</tr>
<tr>
<td>ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>)</td>
<td>-363.74 M</td>
<td>40.41 M</td>
</tr>
<tr>
<td>ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) </td>
<td>-144.93 M</td>
<td>-58.26 M</td>
</tr>
<tr>
<td>ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>)</td>
<td>-126.76 M</td>
<td>-53.14 M</td>
</tr>
<tr>
<td>ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>)</td>
<td>-21.97 M</td>
<td>-42.23 M</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td>2.24 B</td>
<td>755.3 M</td>
</tr>
</tfoot>
</table>
<figcaption class="wp-element-caption">Source: VettaFi</figcaption></figure>
"The loyal shareholders have become frustrated," Todd Rosenbluth, head of research at data provider VettaFi, told <a href="https://www.wsj.com/finance/investing/ark-funds-cathie-wood-investors-56e2950c">The Wall Street Journal</a>. 
Despite the promising outlook for Ark&#8217;s growth and disruptive technology investment style this year, Rosenbluth said heavy concentration of funds in underperforming companies remains a concern. 
With the sole exception of Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), none of the other top 10 holdings in the Ark innovation ETF have yielded positive returns in 2024.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Weight</td>
<td>Return</td>
</tr>
<tr>
<td>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>9.38%</td>
<td>35.60%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>9.32</td>
<td>-41.76</td>
</tr>
<tr>
<td>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)</td>
<td>8.27</td>
<td>-33.26</td>
</tr>
<tr>
<td>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)</td>
<td>6.98</td>
<td>-4.80</td>
</tr>
<tr>
<td>UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) </td>
<td>5.69</td>
<td>-21.46</td>
</tr>
<tr>
<td>CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSRP#NASDAQ">CSRP</a>)</td>
<td>4.92</td>
<td>-7.28</td>
</tr>
<tr>
<td>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</td>
<td>4.50</td>
<td>-15.59</td>
</tr>
<tr>
<td>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</td>
<td>4.47</td>
<td>-19.14</td>
</tr>
<tr>
<td>Robinhood Markets, Inc. </td>
<td>4.21</td>
<td>38.85</td>
</tr>
<tr>
<td>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</td>
<td>3.33</td>
<td>-43.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data as of Apr. 23, 2024</figcaption></figure>
Read Also: <a href="https://www.benzinga.com/markets/equities/24/04/38368840/cathie-woods-ark-invest-seizes-tesla-dip-acquires-over-17m-in-shares-ahead-of-q1-results-zoom-st">Cathie Wood&#8217;s Ark Invest Seizes Tesla Dip, Acquires Over $17M in Shares Ahead Of Q1 Results — Zoom Stock Dumped</a>
<h1 class="wp-block-heading">Short Strategies On Cathie Wood&#8217;s Ark Funds Emerge</h1>
The underperformance of Cathie Wood&#8217;s actively managed funds has prompted other ETF issuers to undertake short strategies on Ark ETFs. 
AXS Investments launched the AXS Short Innovation Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SARK#NASDAQ">SARK</a>) at the end of 2021, which shorts Wood&#8217;s flagship ARKK fund and has seen a 40% increase since inception. During the same timeframe, the ARKK Innovation ETF were down by over 60%. 
In May 2022, AXS Investments also launched the AXS 2X Innovation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TARK#NASDAQ">TARK</a>), which shorts ARKK with a leverage of 2x. 
<h1 class="wp-block-heading">Chart: Shorting Cathie Wood&#8217;s Flagship Fund Brings Robust Returns </h1>
<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/2024/04/23110907/image-167-1024x495.png" alt="" class="wp-image-304720" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Greg Bassuk, CEO of AXS Investments, highlighted on CNBC last month a spike in inflows affecting these two funds: "With thousands of startups and small high growth companies driving innovation having received financing from Silicon Valley Bank and others like it, this really could be a harbinger for concern around the ability of these kinds of innovation-driving companies to get financing going forward."
Seven days following the fallout of Silicon Valley Bank, the AXS Short Innovation Daily ETF and the AXS 2X Innovation ETF witnessed an 80% and 50% jump in trading activity, respectively. 
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38372445/cathie-woods-ark-invest-says-bitcoin-could-be-priming-for-over-3-000-rally-over-nex">Cathie Wood&#8217;s Ark Invest Says Bitcoin Could Be Priming For Over 3,000% Rally Over Next 12 Months As King Crypto Becomes Less Inflationary Than Gold After Halving</a>
Cathie Wood photo courtesy of Ark Invest.

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Cathie Wood's Ark Empire Bleeds As Investor Outflows Spike: 'The Loyal Shareholders Have Become Frustrated'

Mueller Industries shares are trading higher following mixed Q1 results.

Wedbush analyst David Nierengarten reiterates TScan Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCRX#NASDAQ">TCRX</a>) with a Outperform and maintains $10 price target.

TCRX

Wedbush Reiterates Outperform on TScan Therapeutics, Maintains $10 Price Target

The future of the automotive industry looks upbeat, with almost one-third of cars on China&#8217;s roads expected to be electric by 2030, along with nearly one-fifth in both the U.S. and the European Union, according to a&nbsp;<a target="_blank" href="https://www.iea.org/news/the-worlds-electric-car-fleet-continues-to-grow-strongly-with-2024-sales-set-to-reach-17-million" rel="noreferrer noopener">report&nbsp;</a>by the International Energy Agency (IEA).
More than one in five cars sold worldwide this year&nbsp;is anticipated&nbsp;to be electric, marking a significant shift that will reshape the global auto industry and&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38346490" rel="noreferrer noopener">reduce oil consumption for road transport.</a>
The latest edition of the IEA&#8217;s Global EV Outlook reveals that global electric car sales&nbsp;are projected&nbsp;to reach approximately 17 million by the end of 2024, with a 25% increase compared to the same period in 2023.
China is poised to lead the electric vehicle (EV) revolution, with an estimated 10 million electric cars sold in 2024, accounting for about 45% of all car sales in the country.
In the U.S., approximately one in nine cars sold&nbsp;is projected&nbsp;to be electric, while in Europe, despite challenges in some markets, electric&nbsp;cars&nbsp;are still anticipated to represent about one in four cars sold.
The surge in electric vehicle sales follows a record-breaking year in 2023, where global electric car sales soared by 35% to nearly 14 million.
Investments in the electric vehicle supply chain, coupled with policy support and declining EV prices, are expected to drive further growth in the years ahead.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38351314" rel="noreferrer noopener">Did Tesla&nbsp;Just&nbsp;Trigger Another Brutal Price War In China? Li Auto Blinks First With Up To $4,000&nbsp;Discount</a>
Under current policy settings, the IEA predicts that every other car sold globally will be electric by 2035, with significant implications for the auto industry and energy sector.
Tesla&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>),&nbsp;Rivian Automotive&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>),&nbsp;Lucid Group&nbsp;Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>),&nbsp;XPeng&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)&nbsp;and&nbsp;NIO Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)&nbsp;are some of the know electric vehicle manufacturers.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Octus_Photography on Shutterstock

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XPEV

Automotive Industry Shifts Gears: Electric Cars To Dominate Roads By 2030

Spotify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this music-streaming service operator would post a loss of $0.08 per share when it actually produced a loss of $0.39, delivering a surprise of -387.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Spotify, which belongs to the Zacks Technology Services industry, posted revenues of $3.95 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $3.26 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Spotify shares have added about 44.9% since the beginning of the year versus the S&amp;P 500&#39;s gain of 5.1%.
What&#39;s Next for Spotify?
While Spotify has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Spotify: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $4.02 billion in revenues for the coming quarter and $3.50 on $16.56 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Allot Communications (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allt#NASDAQ">ALLT</a>), is yet to report results for the quarter ended March 2024.
This internet protocol services company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +52.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Allot Communications&#39; revenues are expected to be $19.1 million, down 9.6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2259779/spotify-spot-surpasses-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2259779">To read this article on Zacks.com click here.</a>

ALLT

SPOT

Spotify Surpasses Q1 Earnings and Revenue Estimates

Weatherford International's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NYSE">WFRD</a>) short percent of float has fallen 10.58% since its last report. The company recently reported that it has 2.78 million shares sold short, which is 5.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Weatherford International Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713892522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Weatherford International has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Weatherford International's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Weatherford International's peer group average for short interest as a percentage of float is 6.90%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Ideas

WFRD

Looking Into Weatherford International's Recent Short Interest

Varonis Systems's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NYSE">VRNS</a>) short percent of float has risen 4.64% since its last report. The company recently reported that it has 6.88 million shares sold short, which is 7.21% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.28 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Varonis Systems Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713892517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Varonis Systems has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Varonis Systems's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Varonis Systems's peer group average for short interest as a percentage of float is 4.21%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

VRNS

Looking Into Varonis Systems's Recent Short Interest

Smart for Life's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NYSE">SMFL</a>) short percent of float has risen 260.64% since its last report. The company recently reported that it has 271 thousand shares sold short, which is 35.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Smart for Life Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713892512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Smart for Life has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Smart for Life's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Smart for Life's peer group average for short interest as a percentage of float is 2.68%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

SMFL

Looking Into Smart for Life's Recent Short Interest

Stifel analyst John Annis maintains Southwestern Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWN#NYSE">SWN</a>) with a Hold and raises the price target from $6.6 to $7.6.

Stifel Maintains Hold on Southwestern Energy, Raises Price Target to $7.6

Wedbush analyst David Nierengarten reiterates Prime Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRME#NASDAQ">PRME</a>) with a Outperform and maintains $12 price target.

PRME

Wedbush Reiterates Outperform on Prime Medicine, Maintains $12 Price Target

FTC Solar CFO Cathy Behnen sheds interim tag

FTC Solar Q4 2023 Earnings Preview

Notable earnings after Wednesday's close

FTC Solar Non-GAAP EPS of -$0.08 misses by $0.01, revenue of $23.2M beats by $0.49M

FTC Solar, Inc. (FTCI) Q4 2023 Earnings Call Transcript

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Zoom Video Communications (ZM – Research Report), ...

Analysts Offer Insights on Technology Companies: Zoom Video Communications (ZM), Mogo Finance Technology (MOGO) and FTC Solar (FTCI)

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Jamf Holding (JAMF – Research Report) and FTC Solar ...

Analysts Offer Insights on Technology Companies: Jamf Holding (JAMF) and FTC Solar (FTCI)

FTC Solar slides after Q4 loss; Roth downgrades, delaying view to breakeven

Piper Sandler analyst Kashy Harrison maintained a Hold rating on FTC Solar (FTCI – Research Report) today and set a price target of $0.50. The comp...

Piper Sandler Remains a Hold on FTC Solar (FTCI)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Speculative <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>: we all love them and they&rsquo;re super dangerous. You &ldquo;invest&rdquo; at your own risk, let me be 100% clear about that.



Since you&rsquo;re already here, I&rsquo;m assuming that you already know the drill and have accepted the risk. Let me just say before we start that the market typically represents a balance between predictability and potentiality. And these are inverse concepts.



If you want high predictability (<a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a>, for example), you must sacrifice upside potentiality. On the flipside, if you want maximum potentiality (speculative penny stocks), you must sacrifice predictability.



These ideas can either put a smile on your face or lead you to despair. That&rsquo;s the deal. If you&rsquo;re okay with this severe binary setup, below are speculative penny stocks to consider.



<h2>Akoustis Technologies (AKTS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/penny-1600-300x169.jpg" alt="Pennies in a jar on top of a background of blurred pennies. Penny stocks."><div>Source: John Brueske / Shutterstock</div></div>Operating under the communications equipment subcategory, Akoustis Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/akts-stock-quote/">AKTS</a>) is one of the literal penny stocks. On Wednesday, shares closed at 58.5 cents. <a href="https://finance.yahoo.com/quote/AKTS/profile/">Per its public profile</a>, Akoustis designs, develops, manufactures and sells radio frequency (<a href="https://investorplace.com/stock-quotes/rf-stock-quote/">RF</a>) filter products for the mobile wireless device industry.



At the moment, two experts cover AKTS, with the consensus edging out as <a href="https://www.tipranks.com/stocks/akts/forecast">moderate buy</a>. Further, the average price target lands at $1, implying 71% upside potential. Last fiscal year, the company consistently fell below expected loss-per-share targets. The average surprise was almost 20% below breakeven against analysts&rsquo; consensus expectations.



However, the experts are also looking for a rebound in fiscal 2024. The loss per share should improve from 88 cents to 67 cents. More importantly, revenue could hit $32.86 million, a rise of 21.2% on a year-over-year basis. Further, in fiscal 2025, sales could hit $53.62 million.



If you want an indirect play in the mobile wireless space, AKTS could be one of the compelling speculative penny stocks to consider.



<h2>FTC Solar (FTCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div>Working under the solar energy sector of the broader tech ecosystem, FTC Solar (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftci-stock-quote/">FTCI</a>) engages in the provision of solar tracker systems, software and engineering services, covering the U.S. and international markets. It&rsquo;s another name among literal speculative penny stocks, closing the midweek session at 51 cents.



Presently, four analysts cover FTCI, split between two buys and two holds. Per TipRanks, this assessment yields a <a href="https://www.tipranks.com/stocks/ftci/forecast">moderate buy consensus view</a>. Notably, the average price target shoots up to 99 cents, implying over 94% upside potential.



As with other speculative penny stocks, FTC&rsquo;s fiscal 2023 performance wasn&rsquo;t all that great. Aside from a beat in the first quarter, the company missed bottom-line targets consistently. Overall, the average surprise came out to 14.1% below analysts&rsquo; expectations.



Still, the experts are calling for a recovery in fiscal 2024. Loss per share should improve from 30 cents last year to 16 cents. Also, sales could hit $158.93 million, representing a 25.1% from fiscal 2023. Also, fiscal 2025&rsquo;s revenue could clock in at $296.21 million.



<h2>Gold Resource (GORO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div>As the name suggests, Gold Resource (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/goro-stock-quote/">GORO</a>) falls under the basic materials category, specifically gold mining. <a href="https://finance.yahoo.com/quote/GORO/profile/">Per its corporate profile</a>, Gold Resource engages in the exploration, development and production of gold and silver projects in Mexico and the U.S. It&rsquo;s also another literal example of speculative penny stocks, priced at 56 cents.



One analyst has been willing to endorse GORO within the past three months, H.C. Wainwright&rsquo;s Heiko Ihle. Conspicuously, the expert rates shares a &ldquo;buy&rdquo; with a <a href="https://www.tipranks.com/stocks/goro/forecast">$1.50 price target</a>. That implies almost 168% upside potential. To be sure, the fiscal 2023 performance is not encouraging, with the average surprise coming out 25% below expectations.



However, in Q4 2023, the company&rsquo;s quarterly surprise popped out to 66.7%. For the current fiscal year, Ihle and Alliance Global Partners&rsquo; Jake Sekelsky believe that revenue on average may land at $85.99 million. However, the high-side target calls for $105.3 million. The latter seems more credible given the sharp rise in the yellow metal&rsquo;s spot pricing.



<h2>Arbe Robotics (ARBE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div>Conducting business in the infrastructure software category, Arbe Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/arbe-stock-quote/">ARBE</a>) is billed as a semiconductor enterprise. It provides 4D imaging radar solutions for Tier 1 automotive suppliers and automotive manufacturers for multiple countries. Most importantly, Arbe attempts to address the core issues that cause safety incidents tied to autonomous vehicles.



Should Arbe help dramatically improve driverless technology, the underlying security could easily skyrocket. That&rsquo;s fundamentally why it attracts attention as one of the top speculative penny stocks to consider. Indeed, Wall Street analysts (five of them) rate shares a <a href="https://www.tipranks.com/stocks/arbe/forecast">unanimous strong buy</a>. Also, the average price target stands at $3.50, with the high side coming in at $4.



In fairness, Arbe&rsquo;s fiscal 2023 performance wasn&rsquo;t that great. The average loss per share came out to 16.8 cents or 15.4% below experts&rsquo; projections. However, the spotlight is in the revenue projection. For fiscal 2024, they&rsquo;re looking at sales of $1.65 million, up 12.2% from last year.



As well, fiscal 2025 could see revenue soar to $31.35 million. If so, we&rsquo;re talking about an 1,800% growth rate from projected 2024 sales.



<h2>Stem (STEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-man-figurine-300x169.jpg" alt="penny stocks. Penny Stocks with Potential"><div>Source: Shutterstock</div></div>Also operating under the infrastructure software ecosystem, Stem (NYSE:<a href="https://investorplace.com/stock-quotes/stem-stock-quote/">STEM</a>) operates as a digitally connected, intelligent and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs). It also provides edge hardware to collect site data and assist in the management of smart grid equipment.



With the spotlight on renewable energy systems, Stem enjoys a solid narrative. It&rsquo;s also one of the speculative penny stocks that experts have their eye on. Right now, STEM features a <a href="https://www.tipranks.com/stocks/stem/forecast">moderate buy consensus view</a>. Further, the average price target lands at $3.63, implying over 96% upside potential. The high-side target runs up to $5.



Last fiscal year, Stem&rsquo;s performance overall wasn&rsquo;t that great. Its average quarterly surprise came out to 23.45% below parity against expectations. However, in Q2, it did post earnings per share of 12 cents, beating the expected loss of 17 cents.



For fiscal 2024, the attention is squarely on revenue growth. Analysts see a top line of $672.15 million, 45.6% above last year&rsquo;s print of $461.51 million.



<h2>Microvast (MVST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-single-300x169.jpg" alt="A close up photo of a penny. Penny Stocks to Buy"><div>Source: Shutterstock</div></div>Working in the industrials space, Microvast (NASDAQ:<a href="https://investorplace.com/stock-quotes/mvst-stock-quote/">MVST</a>) falls under the electrical equipment and parts category. It&rsquo;s another example of literal speculative penny stocks, priced at just under 52 cents at time of writing. However, bold retail investors appreciate the idea because of the underlying relevance. Microvast provides battery technologies for electric vehicles and energy storage solutions.



Granted, the EV sector is not having a good time right now. That&rsquo;s somewhat evident in Microvast&rsquo;s financials. Overall, the average quarterly surprise sat at 9.13% below parity last fiscal year. Still, analysts peg MVST as a <a href="https://www.tipranks.com/stocks/mvst/forecast">moderate buy</a> with a $3.33 price target. That implies an upside potential of more than 542%.



Fundamentally, the assumption here is that the EV sector will eventually recover. So, experts are looking at fiscal 2024 revenue to reach $349.13 million. If so, that would be a 13.9% growth rate over last year&rsquo;s print of $306.62 million. By fiscal 2025, the top line could expand to $535.27 million, up 53.3% from projected 2024 revenue.



<h2>Gevo (GEVO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-stack-chart-300x169.jpg" alt="a stack of pennies and a calculator lay stop a graph of market movements. Penny Stocks"><div>Source: Shutterstock</div></div>Listed under the basic materials industry, Gevo (NASDAQ:<a href="https://investorplace.com/stock-quotes/gevo-stock-quote/">GEVO</a>) works in the specialty chemicals arena. <a href="https://finance.yahoo.com/quote/GEVO/profile">According to its corporate profile</a>, Gevo focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel for multiple purposes, including aviation fuel, renewable natural gas and animal feed and protein.



To be sure, GEVO ranks among the riskiest of speculative penny stocks. At the moment, GEVO trades at 71 cents after incurring a 5.4% loss in the midweek session. Many investors won&rsquo;t be keen on the company&rsquo;s performance or lack thereof. In fiscal 2023, the average quarterly surprise came out to 40% below parity.



However, experts also see a recovery effort for the current fiscal year. Sales may reach $19.87 million, up 15.5% from last year&rsquo;s tally of $17.2 million. Moreover, in fiscal 2025, the top line could hit $29.66 million. If so, we&rsquo;d be looking at a 49.3% growth rate over the prior year&rsquo;s projected sales.



Penny Stocks



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.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-penny-stocks-if-you-believe-lady-lucks-on-your-side/">7 Penny Stocks if You Believe Lady Luck&#8217;s on Your Side</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Stocks if You Believe Lady Luck's on Your Side

AKTS

ANIK

ARBE

BGSF

BOXL

CHRS

ECOR

FOSL

GEVO

GORO

GRWG

HEAR

HNRG

JAMF

JUSHF

LRFC

MOGO

NVGS

OPTT

PANL

PFIE

PLNH

PTMN

SCPH

SPRO

SSSS

STEM

Contracts

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FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition

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Management

FTC Solar Appoints Anthony Carroll as Chairman of Newly Formed Customer Advisory Board

Cathy Behnen Appointed FTC Solar Chief Financial Officer

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FTC Solar Announces Fourth Quarter 2023 Financial Results

FTC Solar to Present at Roth Conference March 18, 2024

Heliogen, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operational Results; Appoints New CFO