Ontex Gr (OTC:ONXXF) Stock, Quote.Headers.trade-ideas

Ontex Group NV is an international producer of personal hygiene solutions offered in Europe, Russia, the Middle East, North Africa, and the Americas. The Group's activities are in one segment which is Hygienic Disposable Products. Baby care offers mainly diapers and training underpants under a variety of brands: at a lower price point, Canbebe is offered across the Middle East and Africa; Helen Harper Baby is offered across Eastern Europe, Russia, and Africa; ecological diapers such as Bio Baby are offered across Germany; and the Kiddies brand is offered in Mexico. Feminine Care offers towels, liners, and tampons under the Helen Harper and Fiore brands. Adult Care offers incontinence products, pull-up pants, and adult diapers under the Serenity, Id, Canped, and Euron brands.

Ontex Group NV

Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) (together with its subsidiaries, "IREN") today provided a business update. &nbsp;
"We are pleased to announce that we've reached our 20 EH/s milestone ahead of schedule. This achievement reflects the hard work of our global team. Thank you for your dedication and efforts in making this happen," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "We look forward to continuing this momentum as we expand to over 30 EH/s in the next three months."
IREN achieves 20 EH/s milestone
IREN has increased its installed capacity to 20 EH/s (16 J/TH efficiency).
Through optimization of its existing data center infrastructure, IREN now expects to increase its installed capacity to 21 EH/s in the coming days.
On track for 31 EH/s in 4Q 2024
Childress Phase 3 (150MW) construction is well underway, with approximately 430 people mobilized to site.
As part of the expansion from 21 EH/s to 31 EH/s, previously purchased Bitmain S21 XP miners (13.5 J/TH) are scheduled for shipping over the next 2 months.
Based on 31 EH/s (15 J/TH efficiency):
<ul>
<li>$20k electricity cost per Bitcoin mined</li>
<li>$30k all-in cash cost per Bitcoin mined</li>
</ul>

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

Cryptocurrency

News

Markets

IREN

Iris Energy Boosts Capacity to 20 EH/s, 31 EH/s Expected by End of 2024

TD Cowen analyst Oliver Chen downgrades Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) from Buy to Hold and announces $395 price target.

Downgrades

Price Target

Analyst Ratings

ULTA

TD Cowen Downgrades Ulta Beauty to Hold, Announces $395 Price Target

On September 20, 2024 the Board of Directors declared a quarterly cash dividend of 25.0 cents per share on the Company's common stock. The Board of Directors also approved a one-time special dividend of $2.50 per share.&nbsp;

Dividends

Ennis, Inc Declares $0.25 Quarterly Dividend, Approves Special $2.50 Payout

Strategic Synergies
The integration of Swifty is expected to bring several operational advantages and new revenue opportunities for Signing Day Sports:
<ul>
<li>Cost Efficiency: Swifty's in-house engineering team is expected to reduce Signing Day Sports' operating costs by over 50%, enabling the company to reinvest those savings into growth initiatives. It is also expected to increase the speed at which Signing Day Sports can roll out new products and technological enhancements to its current offering and optimize monetization of the product and user base.</li>
<li>Revenue Growth in SaaS: At their core, both Signing Day Sports and Swifty are SaaS model businesses. Swifty's scalability, technological resources, and technology initiatives are expected to bolster the growth of Signing Day Sports' app user base, enhance user retention and provide additional opportunities to monetize renewing subscribers with additional revenue streams.</li>
<li>New Revenue Streams: Swifty is expected to further expand Signing Day Sports' current product offering while also broadening the Company's exposure to new sports and athletes outside the U.S. Signing Day Sports has accumulated more than 10,000 registered users, which it plans to increase at an accelerated rate in the fourth quarter of 2024 and 2025. The Company's focus is to develop new strategic revenue streams, and improve revenue metrics per user, with the same aim of fully monetizing this growing user base.</li>
<li>New Market Exposure: Since its beginning as a football student-athlete recruitment platform provider, Signing Day Sports has expanded its platform to support baseball, softball, and men's and women's soccer. Swifty is expected to bring exposure to new markets in Europe, Africa and the Middle East, as well as exposure to emerging sports without established recruitment models. The Company anticipates that early adopters in these emerging sports markets are a significant market and plans to broaden its platform to capitalize on these prospective revenue streams.</li>
<li>Enhanced User Engagement: Swifty's team is expected to introduce exciting new features to Signing Day Sports, including gamification elements such as live scoreboards, top competitor leaderboards, fantasy leagues and real-time performance tracking, which are designed to boost engagement, organic user acquisition and user retention.</li>
</ul>

General

Signing Day Sports Provided An Update Regarding Its Financial Position And Its Plans To Acquire Dear Cashmere, Doing Business As Swifty Global, Highlighting The Strategic And Financial Synergies That Are Expected To Drive Accelerated Growth And Operational Efficiency For Both Companies

XOMA

ZVRA

XOMA Royalty Says Zevra Therapeutics Received FDA Approval For MIPLYFFA; Says It Is Entitled To Receive Mid-single Digit Royalty On MIPLYFFA Sales And Up To $52.6M In Milestones

Earnings

Earnings Misses

Ennis Q2 2024 GAAP EPS $0.40 Misses $0.42 Estimate, Sales $99.038M Miss $104.580M Estimate

HC Wainwright &amp; Co. analyst Robert Burns reiterates Repare Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>) with a Buy and maintains $10 price target.

Reiteration

RPTX

HC Wainwright & Co. Reiterates Buy on Repare Therapeutics, Maintains $10 Price Target

The cryptocurrency market has seen a significant surge in pre-market activity after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reached a new high of $63,500.
What Happened: Following Bitcoin&#8217;s 0.4% increase, several Bitcoin ETFs experienced a surge in pre-market activity on Monday. As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) rose by 1.46%, Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) by 1.31%, and ProShares Bitcoin Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>) by 1.21%. Other ETFs, including Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) and ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>), also witnessed minor increases of 0.99% and 0.77%, respectively. 
Reuters reported that Chris Weston, head of research at Pepperstone, attributed the surge to the &#8220;goldilocks macro backdrop,&#8221; which he believes is the primary driver of the current upward momentum. He also noted that Bitcoin&#8217;s rallies tend to be powerful, sparking significant FOMO (fear of missing out) among crypto investors.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40968244/trumps-new-crypto-ventures-legal-counsel-accused-of-attempting-to-seize-control-of-rival-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s New Crypto Venture&#8217;s Legal Counsel Accused Of Attempting To Seize Control Of Rival Firm</a>
Why It Matters: This surge in Bitcoin ETFs comes on the heels of a recent report by 10x Research, which suggested that <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40955750/bitcoins-correction-ends-but-it-has-to-break-this-target-to-surge-to-70k-10x-research">Bitcoin&#8217;s correction phase </a>may have ended. The report indicated a potential surge towards the $70,000 mark, with trading signals showing a favorable buying opportunity for Bitcoin and Ethereum.
Earlier in September, a viral story <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go">about a GameStop customer</a> who turned a $33 trading card pack into a full Bitcoin worth over $60,000 also highlighted the growing influence of cryptocurrency in mainstream markets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Finally Mentions Crypto And That Too On Wall Street: Promises To Encourage &#8216;Innovative Technologies&#8217; Like Digital Assets</a></li>
</ul>
Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Pre-Market Outlook

$BTC

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

BITO

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

Bitcoin ETF Surge In Pre-Market As King Crypto Hits $63,500

Needham analyst Bernie McTernan reiterates DraftKings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with a Buy and maintains $60 price target.

DKNG

Needham Reiterates Buy on DraftKings, Maintains $60 Price Target

TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) inked a deal to supply Air France-KLM with up to 1.5 million tons of sustainable aviation fuel (SAF) over the next 10 years, through 2035.
This is one of Air France-KLM&#8217;s largest SAF agreements. This contract builds on a 2022 memorandum of understanding (MoU) for the supply of 800,000 tons of SAF.
By revisiting the agreement, both groups are reinforcing their commitment to reducing the environmental impact of air transport and lowering CO2 emissions as quickly as possible.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, &#8220;SAF contributes both to the energy transition of our customers in the aviation sector and to the industrial transition of our refineries. It therefore represents a real &#8216;win-win&#8217; for the future of industry and aviation.&#8221;
&#8220;Securing the volumes of more sustainable aviation fuel needed to decarbonize our activity is a major challenge. This agreement with TotalEnergies is a further step in this direction, and a testament to our long-standing support for the development of SAF production in France and Europe,&#8221; said&nbsp;Benjamin Smith, Chief Executive Officer of Air France-KLM Group.
Notably, TotalEnergies has invested 340 million euros to convert its refinery into a biorefinery. In 2024, the company invested an additional 70 million euros to process up to 100% of waste from the circular economy, with plans to produce sustainable aviation fuel (SAF) by 2025.
Last week, TotalEnergies extended its sales and purchase agreement (SPA) with CNOOC <a target="_blank" href="https://www.benzinga.com//node/40934542" rel="noreferrer noopener">by an additional five years</a>.
Also, the company inked a 10-year deal with BOTAŞ to supply 1.1 million tons of <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40919924/totalenergies-expands-in-turkey-with-long-term-lng-agreement" rel="noreferrer noopener">LNG annually starting in 2027.</a>
Apart from this, this month, the company formed a 50/50 joint venture with Adani Green for a 1,150 MW solar project in Gujarat, India. TotalEnergies will invest $444 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40681721/totalenergies-invests-in-indian-solar-projects-forms-jv-with-adani-green-energy" rel="noreferrer noopener">boosting its renewable energy strategy</a>.
Investors can gain exposure to the stock via&nbsp;Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MVPA#NYSE">MVPA</a>) and&nbsp;Octane All-Cap Value Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCTA#NASDAQ">OCTA</a>).
Price Action: TTE shares closed lower by 0.07% at $69.09 on Friday.

Equities

Contracts

MVPA

OCTA

TotalEnergies And Air France-KLM Double Down On Sustainability: SAF Deal Paves The Way To Carbon-Free Skies

Needham analyst Bernie McTernan initiates coverage on Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) with a Buy rating and announces Price Target of $270.

Initiation

FLUT

Needham Initiates Coverage On Flutter Entertainment with Buy Rating, Announces Price Target of $270

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Corbus Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) with a Buy and maintains $80 price target.

CRBP

HC Wainwright & Co. Reiterates Buy on Corbus Pharmaceuticals, Maintains $80 Price Target

TD Cowen analyst Andrew Charles reiterates McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) with a Hold and maintains $280 price target.

TD Cowen Reiterates Hold on McDonald's, Maintains $280 Price Target

Fortis Inc. ("Fortis" or the "Corporation") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) announced today that its wholly owned subsidiary Fortis&nbsp;Energy Caribbean Inc. ("FECI") has agreed to provide a standby commitment (the "Standby Commitment") for a rights offering (the&nbsp;"Rights&nbsp;Offering") by Caribbean Utilities Company, Ltd. ("CUC") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CUP#TSX">CUP</a>). Pursuant to the Rights Offering, CUC&nbsp;will issue up to an aggregate of 3,822,298 or 10% of its currently issued and outstanding Class&nbsp;A Ordinary Shares (the "CUC Shares"). FECI will exercise the rights issued to it in the Rights Offering and will acquire a minimum of 2,220,422 CUC Shares at a price of US$13.41 per CUC Share for aggregate consideration of US$29,775,859.02. &nbsp;
Subject to certain customary terms and conditions, FECI may acquire up to 1,601,876 additional CUC Shares at the same price pursuant to the Standby Commitment. If there are no other subscribers in the Rights Offering, FECI will acquire a total of 3,822,298 CUC Shares through the Rights Offering and Standby Commitment for aggregate consideration of US$51,257,016.18. Based on the average daily rate of exchange quoted by the Bank of Canada on September 19, 2024, the consideration in Canadian dollars is C$18.19 per CUC Share or aggregate consideration of C$69,527,600.62 should there be no other subscribers in the Rights Offering.
Prior to the Rights Offering, Fortis indirectly owned 22,204,229 CUC Shares representing approximately 58% of the CUC Shares. On closing of the Rights Offering, which is expected to occur on or about November 4, 2024, Fortis will beneficially own approximately 58% of the CUC Shares if the Rights Offering is fully subscribed or approximately 62% of the CUC Shares if there are no other subscribers in the Rights Offering.
The purpose of the Rights Offering is to provide CUC with capital to be used to finance alternative energy projects, ongoing additions and upgrades to its generation, transmission and distribution systems and for general corporate purposes.
Fortis will review its holdings in CUC Shares from time to time and may acquire additional securities or dispose of securities of CUC, in either case, in the open market, by private agreement or otherwise, depending on numerous factors, including without limitation, the availability of securities of CUC, economic conditions, market conditions and other business and investment opportunities available to Fortis.

TSX:CUP

Fortis Subsidiary Commits $51M in Standby for Caribbean Utilities Rights Offering, Boosts Stake to 62%

As a result of the lifting of the stop work order, the Company will proceed with fulfilling the $128 million delivery order issued under the contract.
The lifting of the stop work order does not affect the U.S. Government Accountability Office&rsquo;s consideration of the protest filed earlier this month challenging the award of the contract to the Company.

AVAV

US Army Lifts Stop Work Order It Issued On Contract With Ceiling Value Of $990M With AeroVironment Related To Switchblade Systems - Filing

Andy &amp; Evan, a renowned children's apparel brand, is delighted to announce a special partnership with Paramount Consumer Products to unveil an extraordinary collaboration featuring Nickelodeon's beloved character, SpongeBob SquarePants. The exclusive SpongeBob SquarePants x Andy &amp; Evan collection is set to launch on September 26th, 2024, celebrating the series' 25th anniversary year.
SpongeBob SquarePants, with his infectious positivity and adventurous spirit, has captured the hearts of audiences worldwide. This unique collaboration with Andy &amp; Evan aims to bring the whimsical world of Bikini Bottom to life through a vibrant and stylish apparel line for children. The collection will cater to boys and girls, available in sizes ranging from infant to 14, and will include a variety of clothing and accessories such as outerwear, tees, hoodies, dresses, and collectible bombers.
The timing of this collaboration aligns with Nickelodeon's celebration of SpongeBob SquarePants' 25th anniversary, a year-long extravaganza honoring the iconic character and his enduring impact on pop culture. The SpongeBob x Andy &amp; Evan collection is a fantastic addition to the celebratory events and merchandise commemorating this milestone anniversary.

PARA

Andy & Evan Partner with Paramount Consumer Products, Launch SpongeBob SquarePants Collection for 25th Anniversary

Wyoming&nbsp;assets&nbsp;comprise&nbsp;of the wholly-owned and fully-licensed Sweetwater Plant &nbsp;and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources.
Completion of the Transaction is subject to customary conditions for a transaction of this nature, with closing expected to occur in the&nbsp;fourth quarter&nbsp;of the calendar year 2024.&nbsp;

Uranium Energy Enters Agreement To Acquire 100% Of Rio Tinto's Wyoming Assets; Purchase Price Payable At Closing Is $175M

Biotech

Health Care

IDYA

Ideaya Biosciences Announced Interim Phase 2 Trial Data For Darovasertib In Neoadjuvant Uveal Melanoma And A Successful Fda Type C Meeting On Registrational Trial Design For Regulatory Approval

STSS

Sharps Technology Enters Definitive Deals With Institutional Investors For Secured Bridge Loan Financing Of Approx. $3.5M

Guggenheim analyst Vamil Divan initiates coverage on Keros Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) with a Buy rating and announces Price Target of $96.

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Ontex Gr

Ontex Gr (ONXXF) Forecast

Ontex Gr (OTC:ONXXF) Stock, Quote.Headers.trade-ideas