Latest News for HUMBL Stock (OTC:HMBL)

HUMBL Inc is a digital commerce company. It operates a platform to connect consumers, businesses, and governments in the digital economy. HUMBL provides simple tools and packaging for complex new technologies such as blockchain, in the same way that previous cycles of e-commerce and the cloud were more simply packaged by companies such as Facebook, Apple, Amazon and Netflix over the past several decades. The company's segment includes Consumer and Commercial. It generates maximum revenue from the Consumer segment. They account for revenues based on the verticals in which they were earned, the three principal verticals being HUMBL Wallet, and HUMBL Marketplace, HBS.

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Super Micro Computer shares are trading higher after Meta increased its capex outlook amid AI efforts.

ANET

Arista Networks shares are trading higher in reaction to Meta's increased capex for its AI efforts.

FBNC

First Bancorp shares are trading lower after the company reported worse-than-expected Q1 EPS results.

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Dell shares are trading higher in reaction to Meta's increased capex guidance.

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60 Minutes (@60Minutes) Posts On X "One Of Only Five Companies To Ever Surpass $2 Trillion In Stock Market Value, Computer Chip Maker Nvidia Ushered In The Artificial Intelligence Revolution With Its Groundbreaking Software And Graphics Processing Unit. @BillWhitaker Reports, Sunday"

Garry&#8217;s Mod, a popular sandbox game born from Valve&#8217;s Source software modding scene in 2006, faces a significant overhaul due to takedown notices from <a href="https://www.benzinga.com/general/gaming/24/04/38302723/unveiling-nintendos-april-2024-indie-world-showcase-whats-in-store">Nintendo ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>). </a>
Facepunch Studios, the developers, are forced to remove approximately 20 years&#8217; worth of Nintendo-related content from the game.
&#8220;This is not a mistake, the takedowns came from Nintendo,&#8221; an <a href="https://store.steampowered.com/news/app/4000/view/4200245595694413052?l=english">update</a> on Garry&#8217;s Mod&#8217;s Steam page said. &#8220;This is Nintendo's content and what they allow and don't allow is up to them.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/24/02/37375657/yuzu-emulator-under-fire-nintendo-sues-over-alleged-1-million-pre-release-zelda-downloads">Yuzu Emulator Under Fire &#8211; Nintendo Sues Over Alleged 1 Million Pre-Release Zelda Downloads</a>
The sudden enforcement by Nintendo is surprising, considering Nintendo-themed content has been part of Garry&#8217;s Mod for nearly two decades, Kotaku <a href="https://kotaku.com/nintendo-garrys-mod-takedown-content-1851433656">reported.</a>
The flexibility of the Source engine in Garry&#8217;s Mod, coupled with its popularity among gaming YouTubers in the early 2010s, contributed to its widespread appeal. However, Facepunch&#8217;s leniency regarding content moderation likely prompted Nintendo&#8217;s action.
The takedown process began a few months ago, although Facepunch only publicly acknowledged it recently. 
Removing all Nintendo-related content is a daunting task, as mentioned humorously by Facepunch: &#8220;If you want to help us by deleting your Nintendo related uploads and never uploading them again, that would help us a lot.&#8221;
Nintendo has a history of vigorously safeguarding its intellectual property rights. Last year, it prompted the removal of the Dolphin Emulator from Steam. 
Additionally, Nintendo filed a $2.4 million lawsuit against the developers of the Nintendo Switch emulator Yuzu, resulting in the closure of other emulator projects due to apprehension about legal repercussions from Nintendo.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/02/37315458/this-is-the-reason-behind-nintendo-switch-2s-delay-to-march-2025-report-says" target="_blank" rel="noreferrer noopener">This Is The Reason Behind Nintendo Switch 2&#8217;s Delay To March 2025, Report Says</a>
Image created using photos from Wikipedia and Shutterstock.

Gaming

NTDOY

Garry's Mod Under Fire: Nintendo Orders Massive Content Purge

Barrington Research analyst Alexander Paris maintains Strategic Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRA#NASDAQ">STRA</a>) with a Outperform and raises the price target from $125 to $135.

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STRA

Barrington Research Maintains Outperform on Strategic Education, Raises Price Target to $135

JonesTrading analyst Jason Weaver maintains Annaly Capital Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLY#NYSE">NLY</a>) with a Buy and maintains $21 price target.

JonesTrading Maintains Buy on Annaly Capital Management, Maintains $21 Price Target

Barrington Research analyst James Goss maintains Imax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>) with a Outperform and maintains $24 price target.

IMAX

Barrington Research Maintains Outperform on Imax, Maintains $24 Price Target

In an era of blossoming cannabis markets, North America stands out with significant milestones as Massachusetts and Canada reveal positive sales figures.
<h3 class="wp-block-heading">Massachusetts&#8217; Green Milestone: Surpassing $6 Billion</h3>
<a href="https://www.benzinga.com/topic/massachusetts-cannabis">Massachusetts</a> has set an impressive record, with cannabis establishments collectively crossing the $6 billion threshold in gross sales. Not surprisingly, a single-day sales record was smashed on April 20, as cannabis enthusiasts celebrated, amassing $8.5 million in transactions, <a href="https://masscannabiscontrol.com/2024/04/massachusetts-marijuana-establishments-surpass-6-billion-in-gross-sales-in-lead-up-to-4-20-and-set-single-sales-day-record-on-consumer-holiday/" target="_blank" rel="noreferrer noopener">noted</a> a press release from the Cannabis Control Commission (CCC). This robust growth signals not just a triumph for the industry but also for the economic and regulatory frameworks in place.
"I continue to be encouraged by these sales milestones because they show that the industry is strong and efficiently regulated, both spurring economic development and critical tax revenue for the Commonwealth and providing safe, tested products for consumers and patients alike," said Ava Callender Concepcion, acting chair of the CCC.
Read also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38022665/massachusetts-cannabis-market-hits-record-highs-faces-regulatory-challenges-and-more" target="_blank" rel="noreferrer noopener">Massachusetts&#8217; Cannabis Market Hits Record Highs, Faces Regulatory Challenges, And More</a>
According to the CCC's sales and product distribution <a href="https://masscannabiscontrol.com/open-data/sales-and-product-distribution/">data</a>, medical cannabis made $62.5 million in sales in 2024. Massachusetts' delivery operators are also thriving, generating $3.1 million in sales in 2024 and contributing $26.3 million in sales to the state&#8217;s cannabis market since their first deliveries in 2021.
<h3 class="wp-block-heading">Canada&#8217;s Slow Climb: Provincial Perspectives</h3>
Across the northern border, Canada&#8217;s retail cannabis sales are showing modest growth. According to the latest <a href="https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=2010005601&amp;pickMembers%5B0%5D=2.30&amp;pickMembers%5B1%5D=3.1&amp;pickMembers%5B2%5D=4.1&amp;cubeTimeFrame.startMonth=12&amp;cubeTimeFrame.startYear=2017&amp;cubeTimeFrame.endMonth=05&amp;cubeTimeFrame.endYear=2024&amp;referencePeriods=20171201%2C20240501">release</a> from Statistics Canada, the nation tallied over CA$376 million ($274.9 million) in February 2024 alone, showcasing a resilient industry despite fluctuating global economic currents.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="976" height="687" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25142318/canadafeb24.png" alt="" class="wp-image-309428" style="width:553px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25142318/canadafeb24.png 976w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25142318/canadafeb24-300x211.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25142318/canadafeb24-768x541.png 768w" sizes="(max-width: 976px) 100vw, 976px" /><figcaption class="wp-element-caption">Canada&#8217;s monthly cannabis retail sales in millions of CA$&#x7C; Source: Statistics Canada. Table 20-10-0056-01</figcaption></figure>
Ontario leads the charge with CA$145,7 million ($106 million), followed closely by Alberta and British Columbia, underscoring a nationwide embrace of cannabis products.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Geography</td>
<td>Feb-23</td>
<td>Feb-24</td>
<td class="has-text-align-center" data-align="center">YoY Sales Growth %</td>
</tr>
<tr>
<td>Nova Scotia</td>
<td>CA$ 8,4 million</td>
<td>CA$ 12,6 million</td>
<td class="has-text-align-center" data-align="center">49.1%</td>
</tr>
<tr>
<td>Newfoundland and Labrador</td>
<td>CA$ 5,6 million</td>
<td>CA$ 7,0 million</td>
<td class="has-text-align-center" data-align="center">26.3%</td>
</tr>
<tr>
<td>Yukon</td>
<td>CA$ 788 thousand</td>
<td>CA$ 968 thousand</td>
<td class="has-text-align-center" data-align="center">22.8%</td>
</tr>
<tr>
<td>Manitoba</td>
<td>&nbsp;CA$ 14,3 million</td>
<td>CA$ 16,8 million</td>
<td class="has-text-align-center" data-align="center">17.2%</td>
</tr>
<tr>
<td>New Brunswick</td>
<td>CA$ 6,1 million</td>
<td>CA$ 7,0 million</td>
<td class="has-text-align-center" data-align="center">14.9%</td>
</tr>
<tr>
<td>Prince Edward Island</td>
<td>CA$ 1,7 million</td>
<td>CA$ 1,9 million</td>
<td class="has-text-align-center" data-align="center">12.2%</td>
</tr>
<tr>
<td>Alberta</td>
<td>CA$ 65,0 million</td>
<td>CA$ 72,0 million</td>
<td class="has-text-align-center" data-align="center">10.8%</td>
</tr>
<tr>
<td>Quebec</td>
<td>CA$ 45,1 million</td>
<td>CA$ 49,0 million</td>
<td class="has-text-align-center" data-align="center">8.5%</td>
</tr>
<tr>
<td>Saskatchewan</td>
<td>CA$ 13,5 million</td>
<td>CA$ 13,4 million</td>
<td class="has-text-align-center" data-align="center">-0.4%</td>
</tr>
<tr>
<td>Ontario</td>
<td>CA$ 151,1 million</td>
<td>CA$ 145,7 million</td>
<td class="has-text-align-center" data-align="center">-3.6%</td>
</tr>
<tr>
<td>British Columbia</td>
<td>CA$ 56,8 million</td>
<td>&nbsp;CA$ 48,3 million</td>
<td class="has-text-align-center" data-align="center">-15.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Statistics Canada. Sales for the Northwest Territories and Nunavut regions were not added to the report.</figcaption></figure>
However, despite the 1.7% year-over-year growth in the cannabis sector, <a href="https://www.benzinga.com/topic/canada-cannabis">Canada&#8217;s sales</a> have seen a downtrend for the second consecutive month:
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25143828/canadaall-1024x456.png" alt="" class="wp-image-309448" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25143828/canadaall-1024x456.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25143828/canadaall-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25143828/canadaall-768x342.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25143828/canadaall-1536x684.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25143828/canadaall.png 1541w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Canada monthly cannabis retail sales in millions of CA$&#x7C; Source: Statistics Canada. Table 20-10-0056-01</figcaption></figure>
As Canada grapples with a two-month sales dip and Massachusetts celebrates its record sales, these fluctuations depict a nuanced canvas of North America&#8217;s cannabis industry, evolving with consumer trends and regulatory landscapes.
Read also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38420095/cannabis-companies-gains-u-s-versus-canada-averages-can-be-deceiving-irrational-mar" target="_blank" rel="noreferrer noopener">Cannabis Companies&#8217; Gains &#8211; U.S. Versus Canada: Averages Can Be Deceiving, Irrational Market Behavior To Blame?</a>

Retail Sales

Massachusetts Cannabis Sales Soar Past $6B Record, Canada Sees Steady 1.7% Year-Over-Year Growth

Boise Cascade's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCC#NYSE">BCC</a>) short percent of float has fallen 15.29% since its last report. The company recently reported that it has 1.16 million shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.24 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>Boise Cascade Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714072524_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Boise Cascade 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 Boise Cascade'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>, Boise Cascade'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.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Boise Cascade?

Seagate Tech Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STX#NYSE">STX</a>) short percent of float has fallen 6.4% since its last report. The company recently reported that it has 8.80 million shares sold short, which is 5.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.89 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>Seagate Tech Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714072518_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Seagate Tech Hldgs 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 Seagate Tech Hldgs'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>, Seagate Tech Hldgs's peer group average for short interest as a percentage of float is 6.37%, 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.

(STX) - Analyzing Seagate Tech Hldgs's Short Interest

Carlyle Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CG#NYSE">CG</a>) short percent of float has fallen 5.73% since its last report. The company recently reported that it has 15.49 million shares sold short, which is 7.4% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.03 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>Carlyle Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714072513_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carlyle Group 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 Carlyle Group'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>, Carlyle Group's peer group average for short interest as a percentage of float is 2.49%, 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.

Looking Into Carlyle Group's Recent Short Interest

KLAC

LRCX

LSCC

MPWR

Shares of semiconductor stocks are trading higher in reaction to Meta's increased capex guidance and in possible anticipation of Intel's earnings report. The sector recently gained following strong earnings from Texas Instruments.

Semiconductor stocks have been in the spotlight lately, with ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) and Globalfoundries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) trading near their 52-week lows. 
These companies are part of the MANGO acronym, a term introduced by BofA Securities analyst Vivek Arya. ON and Globalfoundries — along with Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Advanced Micro Devices, Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Analog Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) — are sector leaders and aim to mirror the success of FAANG stocks.
We highlighted these stocks earlier in our analysis: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38169084/what-is-the-most-undervalued-mango-semiconductor-stock-right-now">What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?</a>
ON Semiconductor, currently trading at around $66, has a 52-week range of $59.34 &#8211; $111.35, with the low of $59.34 recorded on April 22. On reports Q1 earnings on April 29, before the market open.
Globalfoundries, trading at around $48, has a 52-week range of $45.52 &#8211; $68.57, with the low of $45.52 also recorded on April 22, 2024. GFS reports Q1 earnings on May 7, before the market open.
<h2 class="wp-block-heading">MANGO Stocks Performance Overview</h2>
A look at the one-year price performance of MANGO stocks shows a mix of growth trajectories. 
<ul>
<li>Nvidia leads the pack with an impressive surge of +194.64%</li>
<li>Broadcom follows with +116.45%</li>
<li>Advanced Micro Devices boasts +98.07%. </li>
<li>Marvell and Analog Devices also showcased notable gains</li>
<li>GlobalFoundries and ON Semiconductor presented more modest figures, with declines of -22.42% and -11.90%, respectively.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>MANGO Stocks (Semis)</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Symbol</td>
<td></td>
<td>Price</td>
<td>52W Range ($)</td>
<td>YTD Perf</td>
<td>1Y Perf</td>
<td>3Y Perf</td>
</tr>
<tr>
<td>NVDA</td>
<td></td>
<td>796.77</td>
<td>266.25 974.00</td>
<td>60.89%</td>
<td>194.64%</td>
<td>421.95%</td>
</tr>
<tr>
<td>ON</td>
<td></td>
<td>65.53</td>
<td>59.34 111.35</td>
<td>-21.55%</td>
<td>-11.90%</td>
<td>54.01%</td>
</tr>
<tr>
<td>AVGO</td>
<td></td>
<td>1,256.82</td>
<td>601.29 1,438.17</td>
<td>12.59%</td>
<td>98.07%</td>
<td>169.63%</td>
</tr>
<tr>
<td>ADI</td>
<td></td>
<td>196.5</td>
<td>154.99 204.20</td>
<td>-1.04%</td>
<td>5.10%</td>
<td>23.57%</td>
</tr>
<tr>
<td>GFS</td>
<td></td>
<td>47.31</td>
<td>45.52 68.57</td>
<td>-21.93%</td>
<td>-22.42%</td>
<td>&#8211;</td>
</tr>
<tr>
<td>AMD</td>
<td></td>
<td>151.74</td>
<td>81.02 227.30</td>
<td>2.94%</td>
<td>73.28%</td>
<td>83.35%</td>
</tr>
<tr>
<td>MRVL</td>
<td></td>
<td>64.85</td>
<td>37.71 85.76</td>
<td>7.53%</td>
<td>67.31%</td>
<td>40.67%</td>
</tr>
</tbody>
</table>
</figure>
Data Source: Seeking Alpha
With ON and Globalfoundries are trading around their 52-week lows, investors wonder whether they hold value. Let&#8217;s look at the valuations.
<h2 class="wp-block-heading">Most Undervalued MANGO Stock</h2>
Delving into the valuation metrics, ON Semiconductor and GLOBALFOUNDRIES appear to be undervalued compared to their peers.
We compared the MANGO stocks on the following basis:
<ol>
<li>Price-to-Earnings (P/E) Ratio:&nbsp;so investors can assess the relative valuation of MANGO stocks based on their earnings generation.</li>
<li>Enterprise Value-to-Sales (EV/Sales) Ratio:&nbsp;MANGO stocks may not have consistent profits but have strong revenue growth.</li>
</ol>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Symbol</td>
<td>P/E FWD</td>
<td>EV / Sales</td>
</tr>
<tr>
<td>NVDA</td>
<td>31.88</td>
<td>31.94</td>
</tr>
<tr>
<td>ON</td>
<td>15.32</td>
<td>3.55</td>
</tr>
<tr>
<td>AVGO</td>
<td>26.57</td>
<td>16.63</td>
</tr>
<tr>
<td>ADI</td>
<td>32.63</td>
<td>8.92</td>
</tr>
<tr>
<td>GFS</td>
<td>35.18</td>
<td>3.34</td>
</tr>
<tr>
<td>AMD</td>
<td>41.98</td>
<td>10.7</td>
</tr>
<tr>
<td>MRVL</td>
<td>45.49</td>
<td>10.82</td>
</tr>
</tbody>
</table>
</figure>
Data Source: Seeking Alpha
ON and Globalfoundries are relatively better valued than their MANGO stock peers.
Analysts also see potential in investing in these stocks:
<ul>
<li>ON Semiconductor commands a <a href="https://www.benzinga.com/quote/ON/analyst-ratings">consensus price target</a> of $73.33, suggesting an implied upside of 11.45% based on recent analyst ratings.</li>
<li>Globalfoundries is pegged with a <a href="https://www.benzinga.com/quote/GFS/analyst-ratings">consensus price target</a> of $60.33, hinting at a potential 27.26% upside, as per the latest analyst assessments.</li>
</ul>
As the semiconductor industry evolves, prudent analysis and strategic investment decisions will be pivotal in navigating this dynamic landscape. 
With varied performance trajectories and distinct valuation metrics, investors have diverse options to consider within the MANGO portfolio.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38355764/intels-inventory-issues-redditors-highlight-how-overstock-killed-their-margins-yet-">Intel&#8217;s Inventory Issues: Redditors Highlight How Overstock &#8216;Killed Their Margins,&#8217; Yet Analysts See Upside</a>
Image: Shutterstock

Equities

Long Ideas

Markets

Tech

AVGO

MRVL

2 Semiconductor MANGO Stocks Trading Near 52-Week Lows As They Head Into Q1 Earnings

Telsey Advisory Group analyst Joseph Feldman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and maintains $275 price target.

TSCO

Telsey Advisory Group Maintains Outperform on Tractor Supply, Maintains $275 Price Target

Communications Workers Of America Union Says AT&T Workers Authorize Strike; CWA Members At AT&T West In District 9 Have Voted Overwhelmingly To Authorize A Strike, If Necessary

TSLA

Tesla shares are trading higher on continued post-earnings strength.

<h3 class="wp-block-heading">House-Approved Marijuana Banking Bill Advances In Delaware Senate</h3>
A measure that advanced through Delaware House and seeks to put into effect a law under which banks doing business with licensed marijuana businesses would be protected got the green light at the state Senate committee this week.
On Wednesday, the legislation from Rep. Ed Osienski (D) and Sen. Trey Paradee (D) advanced through the Senate Health &amp; Social Services Committee.
The synopsis of <a href="https://legis.delaware.gov/BillDetail?legislationId=141114">House Bill 355</a> stipulates that the measure "clarifies that banks, credit unions, armored car services, and providers of accounting services are not subject to prosecution under Delaware law merely by providing lawful services to licensed businesses engaged in the production, distribution and sale of cannabis in Delaware."
<h3 class="wp-block-heading">Schumer Says Marijuana Reform Needs To Be A Bipartisan Effort</h3>
On a federal level, Senate Majority Leader Chuck Schumer (D-NY) listed a bipartisan marijuana banking bill as a priority in his chamber, <a href="https://www.marijuanamoment.net/senators-will-do-our-best-to-pass-marijuana-banking-bill-in-a-bipartisan-way-schumer-says/">reported</a> Marijuana Moment.
On Tuesday he said "trying to deal with" the Secure and Fair Enforcement Regulation (SAFER) Banking Act "and cannabis reform," is on the Senate's agenda. He was asked about what's next for the chamber's members following this week's passage of a foreign aid package.
"We've got a lot to do," Schumer said referring to "a bunch of different bills". He added that lawmakers need to "work in a bipartisan way," while doing "our best to get many of them done."
<h3 class="wp-block-heading">Georgia's Restrictive Hemp Measure Awaits Gov. Kemp's Approval</h3>
Georgia Gov. Brian Kemp has until May 7 to weigh in on a bill that seeks to further regulate and license the purchase of hemp products to those 21 and older.
Dubbed "The Georgia Hemp Farming Act," the bill from Republican Moultrie Sen. Sam Watson would mandate testing for all hemp-derived products, including CBD and Delta-8 edibles and drinks while prohibiting sales to minors.
Watson, whose legislation was approved by the state Senate late in the session, says his efforts are toward providing more protection for consumers, <a href="https://georgiarecorder.com/2024/04/23/bill-to-regulate-hemp-products-in-georgia-awaits-governors-signature-while-some-hope-for-veto/">reported</a> Georgia Recorder.
"We regulate tobacco, we regulate alcohol, we regulate food, yet we've got a ton of these products out there now that we're not regulating as a state to protect the people of our state," he said.&nbsp;"Kids go into these gas stations and buy gas and this stuff is being sold and nobody knows what's in it and nobody's checking it and that's just scary."
<h3 class="wp-block-heading">Louisiana Bill To Create Regulatory Framework For Legal Marijuana Advances Through Legislature</h3>
Meanwhile, in Louisiana, state House committee members gave the green light to a measure that would set up a regulatory framework for marijuana legalization, <a href="https://www.marijuanamoment.net/louisiana-lawmakers-approve-bill-to-create-marijuana-legalization-regulatory-framework/">reported</a> Marijuana Moment.
The bill builds on <a href="https://www.benzinga.com/markets/cannabis/21/06/21576197/louisiana-governor-signs-marijuana-decriminalization-bill-into-law">legislation</a> that decriminalized small amounts of cannabis possession <a href="https://www.benzinga.com/markets/cannabis/21/08/22293351/marijuana-possession-no-longer-criminal-offense-in-louisiana-cannabis-decriminalization-bill-goe">for personal use statewide in 2021.</a>
The measure from Rep. Edmond Jordan (D) was approved this week in the House Health and Welfare Committee in a unanimous vote.
This bill is a prerequisite for the passage of additional bills that would allow possession of cannabis and tax marijuana sales.
Under an adult-use cannabis program, those 21 and older would be allowed to purchase up to one ounce of cannabis daily and apply for a license to grow up to six plants for personal use, with a cap of 12 plants per household.
Now read: <a href="https://www.benzinga.com/markets/cannabis/23/06/32897422/louisiana-governor-signs-marijuana-expungement-legislation-into-law">Louisiana Governor Signs Marijuana Expungement Legislation Into Law</a>

Government

Regulations

Politics

Marijuana Reform On Fast Track In These States As Sen. Schumer Stresses The Need For A Bipartisan Effort

Maxim Group analyst Michael Diana maintains Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) with a Buy and raises the price target from $70 to $78.

ENVA

Maxim Group Maintains Buy on Enova International, Raises Price Target to $78

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In 2020, I was doxxed for the first time. The culprit was a negative article about XpresSpa, an unprofitable chain of airport-based massage parlors with bizarre plans for surviving the Covid-19 pandemic. To me, it was a case of big dreams and no strategy.
XpresSpa fans, however, weren&rsquo;t pleased. Within hours of publishing the piece, I started receiving threatening phone calls to my house. And as time went on, one thing became clear:
My team and I had stumbled upon the emerging world of cult stocks.
These assets are unlike the AMC Entertainment&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) and GameStops (NYSE:<a href="https://investorplace.com/stock-quotes/gme-stock-quote/">GME</a>) of the world. Because rather than operate a cash-generating business, cult stocks tend to focus only on raising capital as their end goal. SafeMoon&hellip; Humble (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hmbl-stock-quote/">HMBL</a>)&hellip; Goes Up Higher&hellip; Lordstown Motors (NASDAQ:<a href="https://investorplace.com/stock-quotes/ride-stock-quote/">RIDE</a>)&hellip; Naked Brand&hellip; Vinco Ventures (NASDAQ:<a href="https://investorplace.com/stock-quotes/bbig-stock-quote/">BBIG</a>)&hellip; With clever marketing and hype, these companies and cryptocurrencies milk millions from their die-hard fans while keeping investors happy for just long enough.
Today, a new company is beginning to find itself on that list: Mullen Automotive (NASDAQ:<a href="https://investorplace.com/stock-quotes/muln-stock-quote/">MULN</a>).


<h2>MULN Stock: The Rise of a Meme</h2>
In November 2021, Mullen Automotive began trading on the Nasdaq Exchange after a backdoor listing with mobile payment firm Net Element. The combined firm promised to &ldquo;provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer&rsquo;s life.&rdquo;
At the time, these assurances seemed plausible. Electric vehicle companies were raising billions of dollars to become the next Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), and Mullen&rsquo;s Nasdaq listing suddenly gave the startup access to that enormous capital market. For a brief moment, Mullen seemed as if it could become the next big thing. Shares would hit a split-adjusted high of $397.50 around that time.
Indeed, the EV startup would quickly raise over $200 million from willing investors. A constant <a href="https://news.mullenusa.com/mullen-to-launch-first-fully-functional-demonstrator-five-ev-crossover-vehicles-in-october-2022" target="_blank">stream of positive PR</a> would also help keep investors engaged.
But the honeymoon period would quickly give way to financial reality.
By the end of 2022, the company was consuming $127 million of cash per quarter, a product of spending on overhead and acquisitions. Outstanding shares would also spike from <a href="https://ycharts.com/companies/MULN/shares_outstanding">9.5 million to 67 million</a> (split-adjusted) as the firm turned to increasingly dilutive issuances to plug the gap. Suddenly, the &ldquo;built entirely in the United States&rdquo; mantra gave way to &ldquo;<a href="https://investorplace.com/2022/10/mullen-muln-stock-gains-35-on-i-go-ev-deal-10-things-to-know/" target="_blank">sell anything that will sell</a>.&rdquo;
Even retail investors began to get nervous as shares dropped under $1. According to data from <a href="https://fintel.io/sro/us/muln">Fintel.io</a>, retail ownership of Mullen dropped by 60% between May and December of that year. Although you wouldn&rsquo;t know it from Mullen&rsquo;s outsized following on social media, investors were slowly tip-toeing away.

<h2>Redditors Are Finally Giving Up</h2>
The pace of selling accelerated in February this year. According to the same dataset from Fintel, another 55% of the remaining retail owners have sold in the past three months &mdash; <a href="https://fintel.io/sro" target="_blank">the equivalent of going from a Tesla-level of ownership to Intel.</a> And it&rsquo;s <a href="https://fintel.io/sro/us/muln" target="_blank">still trending down</a>.
Perhaps the final straw was Mullen&rsquo;s execution of a 1-for-25 reverse share split, a phenomenon known to <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1755-053X.2008.00009.x" target="_blank">predict negative future returns</a>. By raising the value of shares above $1 to avoid a delisting, Mullen&rsquo;s management also made it <a href="https://investorplace.com/2023/05/there-are-no-mullen-muln-stock-shares-available-to-short/" target="_blank">easier for short sellers to establish positions</a>. A short seller is far more likely to sell a $2 stock than a 10-cent one if they&rsquo;re worried about getting blown out of the water.
Retail investors were also turned off by the increasing levels of hype that Mullen&rsquo;s team concocted in the weeks leading up to the reverse split.
On April 20, for instance, the firm announced partnering with <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1499961/000110465923047726/tm2313189d1_8k.htm" target="_blank">Global EV Technology</a> to extend the effective life of batteries. The CEO of that organization, Lawrence Hardge, would take to Facebook to tease a <a href="https://investorplace.com/2023/04/muln-stock-alert-mullen-surges-on-deal-with-lawrence-hardge/">$10 billion contract with Saudi Arabia</a>, &ldquo;and more to come.&rdquo; The EV startup would follow up a week later with an announcement that it had retained ShareIntel to help <a href="https://news.mullenusa.com/mullen-addresses-concerns-regarding-recent-stock-performance">investigate high levels of failure to deliver on short sales</a>, a tactic used by Genius Group (NYSEMKT:<a href="https://investorplace.com/stock-quotes/gns-stock-quote/">GNS</a>) and others to <a href="https://investorplace.com/2023/01/genius-group-gns-stock-soars-120-on-naked-shorting-investigation/" target="_blank">push share prices higher in the short term</a>. An unscheduled business update on April 30 also announced the firm had $116.1 million cash available for operations.
Regardless of the reason, a quick read through Mullen&rsquo;s social media presence makes it abundantly clear that retail investors are <a href="https://www.reddit.com/r/Muln/comments/137hyaw/need_to_get_this_off_my_chest/?utm_source=share&amp;utm_medium=web2x&amp;context=3" target="_blank">finally tired of the company&rsquo;s constant hype</a>.

<h2>What&rsquo;s Mullen Stock Worth?</h2>
A strict, bottom-up valuation of Mullen paints a grim picture. Though the firm supposedly has over $100 million of available cash, its liquidity situation looks far tighter.
In early April, the company issued <a href="https://www.marketscreener.com/quote/stock/MULLEN-AUTOMOTIVE-INC-129100701/news/Mullen-Automotive-Inc-announced-that-it-expects-to-receive-20-million-in-funding-43458398/">$20 million in promissory notes</a> designed to be held until a $45 million cash infusion arrived two weeks later. Most firms will only do this if they&rsquo;re short on liquidity. (The non-GAAP term &ldquo;cash available for operations&rdquo; might also refer to the remaining $45 million payment due on May 15).
Mullen&rsquo;s funding sources are also beginning to dry up. In March 2023, Drawbridge Investments and&nbsp;DBI Lease Buyback Servicing&nbsp;sued the EV company over &ldquo;acting in bad faith&rdquo; over a Series E conversion. Mullen&rsquo;s management had converted so much Series D stock that the remaining authorized Series E class <a href="https://investorplace.com/2023/03/muln-stock-drawbridge-hits-mullen-with-court-summons/" target="_blank">had shrunk from several hundred million to less than 10.3 million</a>. Even Series D shares could become less attractive to institutional investors if converted stock becomes harder to sell in public markets. (As a reminder, Series D holders receive a 185% bonus when shares are exercised).
That means Mullen could struggle to produce the 1,000-vehicle order recently announced. Rival automaker Rivian (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) required $1.78 billion in 2022 to <a href="https://www.thestreet.com/automotive/rivian-has-more-bad-news">produce 24,337 pick-up trucks</a>, or $73,000 per vehicle. Mullen&rsquo;s pricier Class-3 vehicles could cost $100,000 per van, depleting any remaining cash.
If that were the case, Mullen&rsquo;s public stock could become worthless in the long run. According to its most recent <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=117253302&amp;type=PDF&amp;symbol=MULN&amp;companyName=Mullen+Automotive+Inc.&amp;formType=10-Q&amp;formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&amp;dateFiled=2023-02-14">10-Q filing</a>, Mullen&rsquo;s $516 million of total liabilities (including non-controlling interest) far outweighed its $441 million total assets as of December 2022. Even if the company could recoup the value of its Bollinger and Electric Last Mile Solutions acquisitions, the firm is now carrying far too much debt for equity holders to own much.
In the meantime, investors should watch the $1 stock price range. This psychological barrier would price Mullen at a $151 million valuation and is approximately what shares are worth if debtholders suddenly converted all outstanding loans into equity. That&rsquo;s $441 million of assets minus the following:
<ul>
<li>$92.8 million goodwill</li>
<li>50% of its $113.4 intangibles (one assumes they&rsquo;re worth more than zero)</li>
<li>$20.7 million accounts payable and accrued expenses</li>
<li>$96.1 million minority interest</li>
<li>$14.5 million deferred income tax</li>
</ul>

<h2>The Draw of Cult Stocks</h2>
So, whatever happened with XpresSpa, the company I initially mentioned?
Despite its fans&rsquo; efforts to suppress negative opinions, shares of the struggling massage parlor would fall anyway. Today, shares of its current iteration, Xwell (NASDAQ:<a href="https://investorplace.com/stock-quotes/xwel-stock-quote/">XWEL</a>), are worth only 25 cents . The firm has until October 2023 <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1410428/000110465923051380/tm2314012d1_8k.htm" target="_blank">to regain a minimum $1 share price to keep its Nasdaq listing</a>.
The other cult stocks listed above have also struggled to continue operating. Even the most die-hard investors eventually lose patience or run out of dry powder.
Of course, Mullen might still survive&hellip; and even thrive. According to the House Ways and Means Committee, the U.S. government could pour as much as $196.5 billion into electric vehicles over the next decade. Mullen expects the Federal Tax Credit <a href="https://investorplace.com/2023/05/muln-stock-mullen-evs-will-qualify-for-federal-tax-credit/" target="_blank">to apply to its Class 1 EV cargo vans</a>.
But the firm has struggled to live up to its promises before. And if the history of cult stocks is any guide, investors are better off cutting their losses today than rolling the dice on this risky bet.
As of this writing, Tom Yeung&nbsp;did not hold (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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>
Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung&rsquo;s Profit &amp; Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.
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The post <a href="https://investorplace.com/2023/05/hey-redditors-its-time-to-dump-muln-stock-before-it-falls-below-1/">Hey Redditors! It&#8217;s Time to Dump MULN Stock Before It Falls Below $1.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Hey Redditors! It's Time to Dump MULN Stock Before It Falls Below $1.

HUMBL extends limitations on series B preferred stock conversions

HUMBL retires ~$19M debt since 2023 beginning

HUMBL gets increased funding commitment from Pacific Lion

HUMBL announces launch of HUMBL pro+ subscription service

HUMBLE deepens financial tie-up with Pacific Lion, introduces Series C preferred shares

HUMBL announces exchange of debt for preferred stock

BBIG

MULN

RIDE

XWEL

Press Releases

HUMBL Announces Exchange of Debt for Preferred Stock, Bringing Total Debt Retirement Amount to Over $28 Million in 2023

Goldman Small Cap Research Publishes New Research Report on HUMBL, Inc.

HUMBL ANNOUNCES LAUNCH OF NEW AFL LEAGUE WEBSITE

Humbl Announces Launch of New Afl Mobile Application

HUMBL Announces Launch of Seamless Identity Verification with Dojah

HUMBL Announces Launch of Government Digital Wallet with the County of Santa Cruz

HUMBL Launches New HUMBL.com Platform and Verification Features

HUMBL and the Arena Football League (AFL) Launch Innovative Digital Ticketing Program on Blockchain

HUMBL Announces Purchase of HUMBL Financial by Avrio, to Drive a Range of Financial Products and Services into the Global Markets

Minnesota Myth of the AFL Signs Merchandising Deal with HUMBL Authentics

HUMBL

Earnings

Dividends

Here's How Much $100 Invested In HUMBL 5 Years Ago Would Be Worth Today

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Latest News for HUMBL Stock (OTC:HMBL)

Friday, December 29, 2023

Wednesday, February 08, 2023