Latest news for Koil Energy Solutions (OTC:KLNG) Stock

Koil Energy Solutions Inc is an energy services company that provides equipment and support services to the world's energy and offshore industries. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, its team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects. Its products include Buoyancy Solutions, Flying Leads, Storage, and Transportation, Subsea Fluid and Power Distribution, and Umbilical Termination Solutions.

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40 Years of Zen, renowned for its exclusive five-day brain training retreat, has announced the launch of its Psychedelic-Assisted Neurofeedback Program, incorporating ketamine into its already extensive regimen. This program, starting in August 2024, represents a significant advancement in the field of neurofeedback and brain optimization.
<h2>Enhancing Neuroplasticity With Ketamine</h2>
40 Years of Zen, located in Kenmore, Washington, has long been a leader in personalized brain training, which is said to have been designed to unlock the benefits of decades of meditation in just five days. With the inclusion of ketamine, participants can now experience enhanced neuroplasticity, facilitating deeper subconscious access and fostering new spiritual experiences.
&quot;With the addition of Ketamine, individuals will be able to dramatically enhance the neuroplasticity effects of our neurofeedback program to further amplify results for years to come,&quot; said&nbsp;Dave Asprey,&nbsp;founder of 40 Years of Zen.
The program is guided by neuroscientists and facilitators, ensuring a tailored approach to each participant&#39;s needs.
Dr. Mark Braunstein, the newly appointed medical director, emphasized the program&#39;s potential, stating, &quot;By safely utilizing Ketamine under the care of a medical professional, it has been shown to lower psychological defenses, allowing for repressed emotions and memories to surface and addressing the root of trauma and obstacles.&quot;
<h2>A Comprehensive Experience</h2>
Participants in the program will undergo a detailed brain mapping process to identify their unique cognitive strengths and weaknesses. The regimen includes customized neurofeedback sessions in Zen Pods, where deep states of meditation are achieved. This is complemented by Custom Cap Quantitative Electroencephalography (QEEG) training, which is meant to increase focus, memory and brain processing speed. Additionally, the retreat offers a private chef, specialized supplements&nbsp;and proprietary tools to maximize the program&#39;s effectiveness.
The benefits of neurofeedback, especially when augmented with Ketamine, are manifold. Participants can expect to see improvements in IQ and EQ, increased productivity, enhanced creativity, and better decision-making skills. The training focuses on the alpha brain wave state, promoting a deeply relaxed yet highly alert mental state. Low doses of ketamine aid in achieving this state more readily, while higher doses can induce a theta-dominant state with gamma bursts, akin to those experienced by Zen monks after decades of practice.
<h2>Looking Ahead</h2>
With this innovative addition, 40 Years of Zen continues to push the boundaries of what is possible in brain training and cognitive enhancement. The program promises to offer unparalleled benefits, merging cutting-edge neuroscience with the transformative potential of psychedelics under professional guidance.
Photo courtesy of 40 Years of Zen
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Unlock Decades Of Meditation Benefits In Days With 40 Years Of Zen's New Ketamine-Assisted Program

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BioRestorative Therapies shares are trading higher after the company announced it regained compliance with the Nasdaq.

Pieces Interactive, the developer behind Alone in the Dark, has been shut down by Embracer Group AB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/THQQF#OTC">THQQF</a>) following the game&#8217;s<a href="https://www.benzinga.com/general/gaming/24/02/37164963/embracer-signals-further-layoffs-1-387-job-cuts-only-the-beginning"> underwhelming performance. </a>
<a href="https://www.ign.com/articles/embracer-shuts-down-alone-in-the-dark-developer-pieces-interactive">According</a> to IGN, the studio, operational from 2007 to 2024, bid farewell on its website with a message: &#8220;Thanks for playing with us.&#8221;
See Also: <a href="https://www.benzinga.com/general/gaming/24/03/37996149/embracer-group-strikes-460m-stock-deal-sells-gearbox-entertainment-to-take-two">Embracer Group Strikes $460M Stock Deal, Sells Gearbox Entertainment To Take-Two</a>
&#8220;In 2017, Pieces Interactive was acquired by Embracer Group after working with the expansion for Titan Quest, Titan Quest: Ragnarök and third expansion for Titan Quest, Titan Quest: Atlantis,&#8221; the statement reads. &#8220;Our last release was the reimagining of Alone in the Dark.&#8221;
Embracer Group confirmed that Alone in the Dark &#8220;performed below management expectations,&#8221; leading to layoffs at Pieces Interactive. 
This move adds Pieces Interactive to the list of studios impacted by Embracer Group, which also shut down Free Radical Design, Onom and Volition Games, collectively affecting more than 1,000 employees.
The closure of Pieces Interactive is part of broader industry turmoil, with Embracer Group at the center of significant restructuring and divestiture. 
Embracer Group has sold assets such as Gearbox Software and Saber Interactive and is preparing to split into three separate companies following the <a href="https://www.benzinga.com/markets/asia/23/08/33867826/the-mystery-behind-embracers-2b-partnership-collapse-involves-saudi-arabia-report">collapse of a $2 billion deal in 2023.</a>
Read Next: <a href="https://www.benzinga.com/general/gaming/24/04/38362483/embracer-groups-shares-soar-after-split-announcement-strategic-restructuring-unveiled">Embracer Group&#8217;s Shares Soar After Split Announcement: Strategic Restructuring Unveiled</a>
Photo: Pieces Interactive

THQQF

Embracer Group Closes Alone In The Dark Developer, Pieces Interactive

Telecom giant Deutsche Telekom, the parent <a href="https://www.benzinga.com/trading-ideas/24/05/39089568/t-mobiles-game-changing-4-4-billion-deal-with-u-s-cellular-sets-new-record-highs">company of T-Mobile</a>, announced plans to enter Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining.
What Happened: The development comes as a surprise to some, as the mining sector has been through a period of significant ups and downs in recent years.
&#8220;We will engage in digital monetary photosynthesis soon,&#8221; <a href="https://x.com/BTCGandalf/status/1801760846366052791">said</a> Dirk Röder, Head of web3 infrastructure and solutions of T-Mobile&#8217;s Telekom MMS.
When directly questioned about T-Mobile mining Bitcoin, Röder simply stated, &#8220;We will.&#8221;
While details surrounding the location and scale of T-Mobile&#8217;s mining operation remain unclear, the company&#8217;s involvement has the potential to significantly impact the industry. 
Deutsche Telekom is no stranger to the world of digital assets, having already established itself as a validator on various blockchain networks.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39361691/bitcoin-is-on-the-verge-of-a-massive-pump-claims-trader#google_vignette">Bitcoin Is On The Verge Of &#8216;A Massive Pump,&#8217; Claims Trader</a>
Additionally, the company launched its own blockchain initiative last year, focused on creating a more efficient and sustainable energy system.
The Bitcoin mining community seems to welcome T-Mobile&#8217;s participation. 
A large, established company like T-Mobile joining the network is seen as a positive development for Bitcoin&#8217;s security. 
However, concerns remain about increased competition for existing miners, who are already facing challenges in a crowded space.
T-Mobile&#8217;s foray into the Web3 space hasn&#8217;t been without controversy. 
The company has faced legal issues in the past related to customer security breaches. 
Whether T-Mobile can successfully navigate the complexities of Bitcoin mining while maintaining a strong security posture remains to be seen.
What&#8217;s Next: With major corporations like Deutsche Telekom entering the cryptocurrency scene, the future of the industry appears to be one of increasing mainstream adoption.
For those seeking to understand the evolving landscape of digital assets, Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39355769/el-salvadors-president-bukele-proposes-bitcoin-bank-to-attract-billions">El Salvador&#8217;s President Bukele Proposes Bitcoin Bank To Attract Billions</a>
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Deutsche Telekom, T-Mobile's Parent Company, Will Mine Bitcoin

GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are trading lower following the company&#8217;s annual shareholder meeting, which was postponed from last week due to technology issues and high demand. 
During the meeting, CEO Ryan Cohen delivered a brief but focused statement on the company&#8217;s future, emphasizing a strategic pivot towards profitability through cost reduction and <a href="https://www.benzinga.com/general/gaming/24/06/39362295/gamestop-shareholders-meeting-highlights-actions-speak-louder-than-words-says-ceo-ryan-cohen">a streamlined retail presence.</a>
Cohen outlined plans for a smaller network of stores, concentrating on higher-value items and enhancing the trade-in program. He stressed the importance of maintaining a strong balance sheet, describing it as a &#8220;strategic advantage&#8221; in today&#8217;s volatile economic environment, which demands higher returns on investments.
Related Link: <a href="https://www.benzinga.com/general/gaming/24/06/39362295/gamestop-shareholders-meeting-highlights-actions-speak-louder-than-words-says-ceo-ryan-cohen">GameStop Shareholders Meeting Highlights: &#8216;Actions Speak Louder Than Words,&#8217; Says CEO Ryan Cohen</a>
GME Price Action: GameStop shares were down by 11.2% at $25.48 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="537" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17140744/GME-1024x537.png" alt="" class="wp-image-391987" style="width:616px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17140744/GME-1024x537.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17140744/GME-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17140744/GME-768x403.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17140744/GME.png 1387w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also: <a href="https://www.benzinga.com/top-stories/24/06/39361161/gamestop-amc-tesla-expert-sizes-up-short-interest-in-3-favorite-retail-investor-stocks">GameStop, AMC, Tesla: Expert Sizes Up Short Interest In 3 Favorite Retail Investor Stocks</a>
Image Via Shutterstock.

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Why Are GameStop Shares Moving Monday?

Autodesk's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NYSE">ADSK</a>) short percent of float has risen 4.04% since its last report. The company recently reported that it has 2.22 million shares sold short, which is 1.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.1 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>Autodesk Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718651720_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Autodesk 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 Autodesk'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>, Autodesk's peer group average for short interest as a percentage of float is 3.89%, 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.

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Peering Into Autodesk's Recent Short Interest

Williams-Sonoma's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) short percent of float has fallen 13.05% since its last report. The company recently reported that it has 5.75 million shares sold short, which is 13.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.49 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>Williams-Sonoma Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718651715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Williams-Sonoma 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 Williams-Sonoma'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>, Williams-Sonoma's peer group average for short interest as a percentage of float is 16.46%, 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.

Looking Into Williams-Sonoma's Recent Short Interest

From 2019 to 2022, the number of Americans receiving their Social Security benefits overseas increased from 413,000 to 760,000. With more countries opening up retirement visas, the idea of <a href="https://www.benzinga.com/real-estate/24/05/39089010/dream-retirement-finding-your-perfect-paradise-at-home-or-abroad">retiring abroad</a> continues to grow in popularity.&nbsp;
Why are so many people drawn to living in another country?&nbsp;
Don't Miss:
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
Beyond the novelty of traveling and experiencing a new culture, two things stand out when talking to overseas retirees: cost of living and quality of life.&nbsp;
Laura and Chris Barnett, a couple from Fayetteville, North Carolina, told CNN about their plan to move to Portugal, and the cost was a huge factor.&nbsp;
"[The U.S.] has set up a system where even if we have the money to cover our day-to-day expenses — rent, food, travel — all of a sudden there's this other line item called health care. That's about $1,500 a month, more than our house payment," Laura said.&nbsp;
She continued by saying that they believe they'll be able to live on less than $3,500 per month in Portugal while still being able to travel throughout Europe.&nbsp;
The Wall Street Journal covered a story of six people who retired overseas with savings ranging from $70,000 to $1.8 million. You don't have to be a millionaire to retire abroad.&nbsp;
One of the couples WSJ spoke to was Halisi Vinson, 58, and Ricard Crawley, 67, who retired in Lisbon, Portugal. They saved $300,000 for retirement, and after speaking to others who had made the move and visiting Portugal for a month themselves, they moved from Denver to Lisbon. Their monthly expenses, which include rent and dining out, are about $2,600 per month. That's half what they'd expect in the U.S.&nbsp;
Trending: The average millionaire has 7 sources of income &#8211;<a href="https://www.benzinga.com/money/average-millionaire-7-sources-income"> Here are 3 passive income opportunities you can add today</a>.
Portugal isn't the only place retirees flock to. Susan Wojcik, 62, retired in Samara, Costa Rica, and is able to cover her expenses with her $1,421 Social Security check.&nbsp;
One retiree living in Spain told WSJ, "My stress level in Spain is much lower as a result of the lower cost of living and an overall higher quality of life."
It isn't just health care, food, and rent that cost less when living abroad. Many places, particularly in Europe and Asia, have good enough public transportation that you don't need a car. Some countries focus less on consumerism, so there isn't as much pressure to buy things when going out.&nbsp;
More people are growing concerned that they won't be able to afford basic expenses in their <a href="https://www.benzinga.com/money/how-much-do-i-need-to-retire">retirement</a>, and many must continue to work well into their 60s to afford health care. If retiring abroad and traveling the world with a lower cost of living is your dream, by all means, go for it.&nbsp;
Moving abroad permanently definitely has drawbacks and bureaucracy to worry about — leaving family in the U.S., taxes, visa application and renewal processes, and other paperwork — but it is doable.&nbsp;
Whether you want to retire abroad or just plan for a comfortable retirement stateside, a good <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> can help you achieve financial stability. Consider arming your financial toolbelt with an advisor who can guide you in your unique retirement goals.&nbsp;
Read Next:
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<li>Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/money/advisor-adv-warren-buffett"> How much is that worth today?</a></li>
<li>82% of Americans aren&#8217;t using<a href="https://www.benzinga.com/money/public-hys"> this government secured 5% passive income stream</a>, are you one of them?</li>
</ul>

Personal Finance

Say Goodbye to High U.S. Costs: Why Retiring Abroad Is the New Financial Strategy for Boomers

NNN REIT's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNN#NYSE">NNN</a>) short percent of float has fallen 8.88% since its last report. The company recently reported that it has 4.25 million shares sold short, which is 3.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.51 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>NNN REIT Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718651710_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NNN REIT 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 NNN REIT'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>, NNN REIT's peer group average for short interest as a percentage of float is 5.12%, 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.

(NNN) - Analyzing NNN REIT's Short Interest

The majority of South Dakotans are against legalizing recreational use in the state, a new poll reveals.
According to a statewide survey, sponsored by the Chiesman Center for Democracy at the University of South Dakota and co-sponsored by South Dakota News Watch, 52% of respondents are against the measure legalizing adult-use cannabis, versus 42% who support it. The poll questioned 500 registered voters, and some 7% remain undetermined,<a href="https://www.dakotanewsnow.com/2024/06/16/poll-most-south-dakota-voters-oppose-recreational-marijuana-measure/" target="_blank" rel="noreferrer noopener"> writes Dakota</a> News Now.
The poll results come about two weeks after Secretary of State Monae Johnson&#8216;s office o<a href="https://www.benzinga.com/markets/cannabis/24/06/39159492/south-dakotans-will-vote-on-legalizing-cannabis-in-november-election-marking-third-attempt" target="_blank" rel="noreferrer noopener">fficially validated a measure</a> for the November general election ballot that will allow South Dakotans to decide on cannabis legalization for the third time.
Previous efforts to legalize recreational marijuana in the state fell short, with one of those occasions being due to a <a href="https://www.benzinga.com/markets/cannabis/21/11/24306546/south-dakotas-supreme-strikes-down-recreational-cannabis-vote-overturning-peoples-will" target="_blank" rel="noreferrer noopener">violation of the single-subject rule</a>. In the Nov.&nbsp;2020&nbsp;elections, South Dakota managed to garner&nbsp;some 54% support for legalization, however,&nbsp;the measure was&nbsp;declared unconstitutional.
Then in Nov. 2022, <a href="https://www.benzinga.com/markets/cannabis/22/11/29564284/south-dakotas-senate-bill-to-legalize-recreational-marijuana-voted-down" target="_blank" rel="noreferrer noopener">South Dakotans voted against</a>&nbsp;<a href="https://sdlegislature.gov/Session/Bill/22615" target="_blank" rel="noreferrer noopener">Senate 3 bill</a> that would have legalized adult-use cannabis. The rate of opposition in the newest poll appears consistent with a measure's defeat in 2022, while the level of support seems to have notably dropped.
"We believe that the level of support among voters for Measure 29 is higher than the figure in this latest poll," Matthew Schweich, executive director of South Dakotans for Better Marijuana Laws, whose group spearheaded the petition effort told the outlet. "It's difficult to explain how support could have dropped 12 percentage points in just four years. That type of rapid decrease in public support for cannabis legalization has not occurred in other states."
The proposed ballot measure would permit recreational marijuana use for adults over 21, setting possession limits at 2 ounces or 16 grams of concentrated forms of marijuana and 1,600 mg of THC in products. The proposal excludes provisions for business licensing or taxation, due to a strategic move to comply with the state's strict single-subject rule for amendments.
<h2 class="wp-block-heading">Powerful Opponents: Republicans, Catholic Leaders</h2>
The poll\ revealed that nearly 7 in 10 Republicans (68%) in the state are against the measure, compared to 24% of Democrats and 45% of non-affiliated voters. What's more the South Dakota Republican Party, at its 2024 convention this June approved a resolution calling "all party members and Republican organizations to lend whatever practical support they can to assist in the campaign to defeat Initiated Measure 29."
The Bishops of South Dakota's two Catholic dioceses also formally opposed measures claiming that cannabis "contributes to a host of problems that weaken the social fabric of society."Another big opponent of the legalization comes in the form of a campaign committee formed to fight against recreational cannabis legalization in 2022, Protecting South Dakota Kids. "When it comes to our children, South Dakotans are fiercely protective," Milstead told News Watch. "We say no to any group selling addiction for profit."
The youngest group surveyed (ages 18-34) was the most supportive of the measure, but even that one had only 48% of respondents in favor of legalization and also 48% opposing it. The 35-49 age group was at 45% for legalization, while the 50-64 and 65-plus groups were at 38%.
58% of those who plan to vote for President Biden in the 2024 election were supportive of the measure, versus 37% against. 29% of those backing Donald Trump are in favor of the measure, and 64% are against it.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39312523/south-dakota-nearly-doubles-medical-marijuana-registration-fees-ct-gov-lamont-puts-social-equity">South Dakota Nearly Doubles Medical Marijuana Registration Fees, CT. Gov. Lamont Puts Social Equity Funds On Hold &amp; More</a>
<figure class="wp-block-image size-full"><a href="https://cannabismarketspotlight.com/"><img loading="lazy" decoding="async" width="600" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07111514/C.Events-600x250-1-3.png" alt="Promotion of Benzinga's Cannabis Market Spotlight event in New Jersey." class="wp-image-377173" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07111514/C.Events-600x250-1-3.png 600w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07111514/C.Events-600x250-1-3-300x125.png 300w" sizes="(max-width: 600px) 100vw, 600px" /></a><figcaption class="wp-element-caption">Promotion of Benzinga&#8217;s Cannabis Market Spotlight event in New Jersey.</figcaption></figure>
Join the <a href="https://cannabismarketspotlight.com/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Market Spotlight in</a> New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don't miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. <a href="https://www.eventbrite.com/e/benzinga-market-spotlight-new-jersey-cannabis-registration-871406729987?discount=JAVIER20" target="_blank" rel="noreferrer noopener">Use the code &#8220;JAVIER20&#8221; for 20% off</a>
Photo: Courtesy of Kyrylo Vasyliev via Shutterstock

Majority Of South Dakotans Are Against Recreational Cannabis Legalization, New Poll Finds

BILI

Bilibili shares are trading higher following last week's release of 'San Guo: Mou Ding Tian Xia.'

BNTX

BioNTech shares are trading lower after the FDA placed a clinical hold on partner Medilink Therapeutics' Phase 1 trial of BNT326/YL202.

On Monday, Qiagen NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>) announced at its Capital Markets Day a comprehensive strategy aimed at delivering solid and <a href="https://www.benzinga.com/pressreleases/24/06/g39353594/qiagen-announces-2028-strategy-for-solid-profitable-growth" target="_blank" rel="noreferrer noopener">profitable growth through 2028</a>.
The company targets a 7% compound annual sales growth at constant exchange rates (CER) by 2028.
At the event, the German molecular diagnostics firm announced its plans to return at least $1 billion to shareholders from 2024 to 2028, barring value-creating M&amp;A opportunities while maintaining high levels of organic business investments.
Key strategic pillars for growth include:
<ul>
<li>QIAcuity Digital PCR: Plans include tripling the sales team to drive adoption, launching over 100 new assays, and seeking U.S. regulatory clearance for clinical use in 2024. A companion diagnostic agreement with an undisclosed pharma partner was also signed.</li>
<li>QIAstat-Dx: A new panel for syndromic diagnosis of meningitis will be submitted for U.S. regulatory approval in 2024, along with submissions for blood culture, cUTIs, and pneumonia panels by 2028. Mini panels for respiratory or gastrointestinal conditions are also slated for U.S. approval in 2024.</li>
<li>QIAGEN Digital Insights: Nine new product launches are planned by 2028, and the commercial team will be expanded by 40% to enhance global market presence. Investments will focus on combining AI and human-curated knowledge bases, expanding AI-enabled applications from five to 14 by 2028.</li>
<li>Sample Technologies: New instrument launches, including QIAsymphony Connect in 2025 and QIAsprint Connect in 2026, will bolster QIAGEN&#8217;s leadership in lab workflows. New kits for high-growth applications such as liquid biopsy and pathogen detection are also planned.</li>
<li>QuantiFERON: QIAGEN will boost the commercialization of its QuantiFERON-TB Gold Plus test. A partnership with DiaSorin for a Lyme Disease test is also underway, and a U.S. regulatory submission is pending.</li>
</ul>
&#8220;Given our healthy balance sheet and cash flow generation, we are announcing a commitment for significant returns to shareholders while maintaining a high level of investments into our business and seeking value-creating M&amp;A opportunities that strengthen our portfolio and create greater value,&#8221; the company added
QIAGEN aims to achieve a 31% CER-adjusted operating income margin by 2028 through portfolio streamlining, organizational simplification, and digitization.
These efforts include discontinuing the NeuMoDx system and upgrading the SAP enterprise resource system.
QIAGEN returned $300 million to shareholders via a synthetic share repurchase in January 2024 and plans a new $300 million program pending shareholder approval at the Annual General Meeting.
Price Action: QGEN shares are up 2.79% at $43.52 at last check Monday.
Now Read: <a href="https://www.benzinga.com/general/gaming/24/06/39362295/gamestop-shareholders-meeting-highlights-actions-speak-louder-than-words-says-ceo-ryan-cohen">GameStop Shareholders Meeting Highlights: &#8216;Actions Speak Louder Than Words,&#8217; Says CEO Ryan Cohen</a>
Image created using artificial intelligence via Midjourney.

Large Cap

Guidance

Health Care

General

QGEN

Qiagen Unveils Plan For $1B Shareholder Returns, Major Product Launches

Over the past 24 hours, Arbitrum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ARB</a>) price has fallen 3.85% to $0.89. This continues its negative trend over the past week where it has experienced a 9.0% loss, moving from $0.97 to its current price. 
The chart below compares the price movement and volatility for Arbitrum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1718651021_0.png" alt="price_chart" />
The trading volume for the coin has fallen 10.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.6%. This brings the circulating supply to 2.90 billion, which makes up an estimated 28.96% of its max supply of 10.00 billion. According to our data, the current market cap ranking for ARB is #44 at $2.56 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1718651021_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$ARB

Cryptocurrency Arbitrum Falls More Than 3% In 24 hours

The battle for dominance in the electric vehicle sector could include range of batteries and overall technology, something multiple companies are looking to differentiate themselves on<a href="https://www.benzinga.com/electric-vehicles"> in the sector.</a>
A rivalry between Lucid Group In. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could intensify with one CEO saying their technology is significantly better.
 What Happened: When it comes to electric vehicle production and deliveries, Tesla is years ahead of Lucid as the top company in the sector.
Lucid, while not as proficient in production and deliveries, has been praised by some in the sector for its technology. Lucid CEO Peter Rawlinson did not shy away from his thoughts about the company's technology.
Rawlinson, a former Tesla employee, said Lucid is "a number of years ahead" of Tesla in technology. The comments came during an interview with Rawlinson on Fox Business, as shared by <a href="https://www.teslarati.com/lucid-leads-tesla-ev-tech-ceo/amp/">Teslarati</a>.
"Well, I think that if we look back in time 10-15 years ago, Tesla was the tech leader," Rawlinson said. "I think there's a degree of distraction now, and I think that Lucid has taken that mantle. I believe we're a number of years ahead in terms of our core technology from Tesla."
The interview featured Fox anchor Liz Claman test-driving the Lucid Air and Rawlinson <a href="https://www.foxbusiness.com/video/6354959138112">highlighting </a>the upcoming Gravity SUV.
"I announced earlier this week that we've hit a landmark level of capability, and we're hitting the magic five miles per kilowatt-hour. No one else is even close. So this is a tech race; it's yet to run its course, and we are taking the mantle of leadership — make no mistake."
For EV batteries, miles per kilowatt hour is used to show how efficient the car's battery is, much like a traditional car and its miles per gallon for gas.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39336082/elon-musks-56b-payday-wins-in-landslide-next-chapter-in-the-tesla-growth-story">Elon Musk&#8217;s $56B Payday Wins In Landslide: &#8216;Next Chapter In The Tesla Growth Story&#8217;</a>
Why It's Important: The comments from Rawlinson come after a recent interview with BBC where he<a href="https://www.benzinga.com/news/24/05/39055347/lucid-ceo-peter-rawlinson-thinks-elon-musks-tesla-seems-distracted-and-kind-of-losing-its-way-says-i"> said Tesla was</a> "distracted."
Rawlinson and Lucid have had a building rivalry with Tesla. Rawlinson's <a href="https://www.benzinga.com/news/22/03/26096126/lucid-ceo-recalls-his-time-at-tesla-why-model-s-was-nearly-named-300-megajoule">previous role at Tesla</a> as a chief engineer and working on the Tesla Model S has often been discredited for his role at the company by Tesla CEO Elon Musk.
With Lucid facing cash concerns as its losses mount, Musk has said the company will face bankruptcy.
The technology of Lucid could be a differentiating factor against competitors and could also lead to some partnerships. Hyundai Motor Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) is considering a partnership with Lucid for its motors, <a href="https://www.benzinga.com/news/24/05/39084076/can-lucid-power-hyundais-future-a-korean-american-tie-up-is-reportedly-in-the-works">according to a recent report.</a>
Lucid entered into a partnership with Aston Martin for an electric vehicle powertrain back in June 2023.
The Lucid Air has a maximum estimated range of up to 516 miles, which could draw interest from other companies for Lucid's technology.
LCID Price Action: Lucid shares are up 2.98% to $2.60 on Monday versus a 52-week trading range of $2.29 to $8.37. Lucid stock is down 61% over the last year.
Read Next:<a href="https://www.benzinga.com/news/24/06/39135581/youtuber-mkbhd-praises-lucid-air-sapphire-if-it-couldnt-be-a-tesla-it-would-have-to-be-this"> YouTuber MKBHD Praises Lucid Air Sapphire: &#8216;If…It Couldn&#8217;t Be A Tesla, It Would Have To Be This&#8217;</a>
Photos: Courtesy Lucid, Tesla

Management

Tech

HYMTF

LCID

TSLA

Lucid Vs. Tesla: CEO Says Company's Technology Is 'A Number Of Years Ahead' Of EV Leader

Over the past 24 hours, dogwifhat's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) price has fallen 5.12% to $2.43. This continues its negative trend over the past week where it has experienced a 15.0% loss, moving from $2.83 to its current price. 
The chart below compares the price movement and volatility for dogwifhat over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1718650952_0.png" alt="price_chart" />
The trading volume for the coin has increased 22.0% over the past week. while the overall circulating supply of the coin has decreased 0.75% This puts its current circulating supply at an estimated 100.0% of its max supply, which is 998.93 million. The current market cap ranking for WIF is #47 at $2.43 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1718650952_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$WIF

Cryptocurrency dogwifhat Down More Than 5% Within 24 hours

Over the past 24 hours, Stacks's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>) price has fallen 5.43% to $1.8. This continues its negative trend over the past week where it has experienced a 17.0% loss, moving from $2.17 to its current price. 
The chart below compares the price movement and volatility for Stacks over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1718650943_0.png" alt="price_chart" />
The trading volume for the coin has increased 12.0% over the past week. while the overall circulating supply of the coin has decreased 0.26% This puts its current circulating supply at an estimated 80.72% of its max supply, which is 1.82 billion. The current market cap ranking for STX is #42 at $2.64 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1718650943_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$STX

Cryptocurrency Stacks Falls More Than 5% In 24 hours

‘Dogecoin Killer' Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) saw its burn rate and new accounts spike, as the community <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">revealed positive news</a>.
What Happened: Shibburn data shows the burn rate skyrocketing 84,642.4% in the past 24 hours. In only six hours, more than 10 million SHIB coins were burned. 
Lucie, the marketing lead of Shiba Inu, wrote on her social media profile, "We're in the building stage, as Shytoshi always says, "the moat has been built to protect the castle, now we build. We've entered step 1, stage 1, and there's so much more to come."
The post <a href="https://x.com/LucieSHIB/status/1802666210447757574?ref_src=twsrc%5Etfw">compared</a> the Shibarium blockchain to a railway track, where the community is setting up stations for users and developers, including tech updates and connections with major players. Lucie noted that the community has "got the eyeballs of some key industry folks. It's a big project, and it'll take time."
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b">Dogecoin, Shiba Inu, Floki Are &#8216;Dino Coins,&#8217; Says Trader: He Likes These 3 Other Meme Coins As &#8216;Blue Chips&#8217;</a>
Why It Matters: Shibariumscan data shows new accounts spiking from 16 on June 15 to 154 on June 16. New verified contracts increased from 8 to 17. IntoTheBlock data notes a 12.7% increase in daily active addresses. 54% of SHIB holders are in profit at current prices.
In the past 24 hours, SHIB is down 6%, amid large transaction volume decreasing 56% and transactions greater than $100,000 dropping 50%.
The Shib Daily <a href="https://news.shib.io/2024/06/14/shiba-inu-barks-for-good-british-red-cross-embraces-shib-for-humanitarian-aid/">wrote</a> that The British Red Cross Society will accept cryptos for donations in partnership with The Giving Block, a platform specializing in cryptocurrency donations for nonprofits. The list of acceptable coins also includes Shiba Inu.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39284849/shiba-inu-spot-etf-petition-crosses-10k-signatures-wishful-thinking-or-inevitable-reality">Shiba Inu Spot ETF Petition Crosses 10K Signatures: Wishful Thinking Or Inevitable Reality?</a>
Image: Shutterstock

$SHIB

Is Shiba Inu Getting Ready For A Pump? Burn Rate Surges 84,642%

During the last three months, 17 analysts shared their evaluations of Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $147.88, a high estimate of $171.00, and a low estimate of $105.00. This current average reflects an increase of 7.99% from the previous average price target of $136.94. 
<img src="https://www.benzinga.com/files/images/story/2024/1718650893_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Oracle is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$160.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Siti Panigrahi</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Mark Moerdler</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$171.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>Jason Ader</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Mark Murphy</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Derrick Wood</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$155.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$128.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Jason Ader</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$150.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Oracle. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Oracle compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Oracle's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Oracle's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ORCL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Oracle analyst ratings.</a>
<h2>Delving into Oracle's Background</h2>
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
<h3>Oracle: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, Oracle showcased positive performance, achieving a revenue growth rate of 7.58% as of 31 May, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Oracle's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 22.0%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Oracle's ROE excels beyond industry benchmarks, reaching 42.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Oracle's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.26%, the company showcases efficient use of assets and strong financial health.
Debt Management: Oracle's debt-to-equity ratio is notably higher than the industry average. With a ratio of 9.4, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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In the latest quarter, 15 analysts provided ratings for Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Essex Property Trust and provided 12-month price targets. The average target is $268.1, accompanied by a high estimate of $315.00 and a low estimate of $240.00. Marking an increase of 5.6%, the current average surpasses the previous average price target of $253.88. 
<img src="https://www.benzinga.com/files/images/story/2024/1718650886_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Essex Property Trust's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Paolone</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$265.00</td>
<td>$244.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$285.00</td>
<td>$283.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$269.00</td>
<td>$232.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$266.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$283.00</td>
<td>$256.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$261.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$264.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$315.00</td>
<td>$291.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$243.50</td>
<td>$239.50</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$240.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$255.00</td>
<td>$259.00</td>
</tr>
<tr>
<td>Joshua Dennerlein</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$275.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$259.00</td>
<td>$276.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$291.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Essex Property Trust. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Essex Property Trust compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Essex Property Trust's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Essex Property Trust's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ESS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Essex Property Trust analyst ratings.</a>
<h2>All You Need to Know About Essex Property Trust</h2>
Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
<h3>Financial Insights: Essex Property Trust</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Essex Property Trust displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 3.52%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 63.88%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Essex Property Trust's ROE stands out, surpassing industry averages. With an impressive ROE of 4.97%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.16%, the company showcases effective utilization of assets.
Debt Management: Essex Property Trust's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.19.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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