OppFi (NYSE:OPFI) Stock, Quote.Headers.trade-ideas

OppFi

OppFi Inc is a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. It recognizes revenue through finance charges on installment and SalaryTap contracts based on the interest method.

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OPFI

OppFi Inc. (NYSE: OPFI) could be a solid addition to your portfolio given a notable revision in the company&#39;s earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.

Earnings Estimates Rising for OppFi: Will It Gain?

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Payday Lenders Challenge Financial Consumer Watchdog&#39;s Budget Structure In Supreme Court: What It Means For Your Wallet

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	Getaround, Inc. (NYSE: GETR) shares surged 112% to $0.7020 in pre-market trading. Getaround acquired substantially all assets of HyreCar for an aggregate purchase price of $9.45 million.


Why Blue Bird Shares Are Trading Higher By 30%; Here Are 20 Stocks Moving Premarket

OppFi Inc

EWCZ

European Wax Center Announced Several Strategic Commercial And Operational Updates As The Company Continues To Focus On Its Key Initiatives Of Attracting New Guests, Retaining First-time Guests And Winning Back Lapsed Guests

This platform is intended to enable Plug to access capital by leveraging its equipment asset base and to provide equipment financing solutions to Plug&#39;s customers to support equipment sales growth.&nbsp;
As a first step in this platform, Plug signed three separate sale and leaseback transactions equivalent to ~$44 million&nbsp;with GTL Leasing, a portfolio company of Antin Infrastructure Partners.
These transactions enable Plug to retain access to crucial hydrogen equipment while strengthening its financial position. The funds generated will be reinvested into Plug&#39;s core operations and focused on driving long-term growth and expansion initiatives.
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PLUG

Plug Power Reveals Establishment Of An Equipment Leasing Platform And Is Targeting Over $150M In The Near To Mid-term

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VVOS

Vivos Therapeutics Announced A Registered Offering Of $4.3M Selling 1.36M Shares At $3.15 Per Share

In his role as CFO, Dobson will help EVgo solidify its path to profitability as it continues to expand its nationwide network.

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EVGO

EVgo Appoints Paul Dobson As CFO, Effective October 1, 2024

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ACHL

Achilles Therapeutics Discontinued Its TIL-Based cNeT Program And Closed Phase 1/2A CHIRON and THETIS Trials, And It Will Refocus Its Strategy To Explore Further Engagement With Third Parties, The Company Has Engaged BofA Securities To Provide Strategic Financial Advice

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AerCap Holdings Plans New $500M Share Repurchase Program, Which Will Run Through March 31, 2025

Piper Sandler analyst Adam Maeder initiates coverage on Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) with a Overweight rating and announces Price Target of $131.

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Piper Sandler Initiates Coverage On Abbott Laboratories with Overweight Rating, Announces Price Target of $131

Working together with NVIDIA, SLB will build and optimize models to the specific needs and requirements of the data-intensive energy industry, including subsurface exploration, production operations and data management.&nbsp;

NVDA

SLB, NVIDIA Partner To Develop Generative AI Solutions For The Energy Industry

Chinese EV maker Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) is reportedly eyeing taking over Volkswagen brand Audi&#8216;s car plant in Vorst, a city in Brussels.
What Happened: A Nio delegation visited the Vorst plant in recent weeks and is working on a bid to submit to Audi parent Volkswagen by next Monday, <a href="https://www.tijd.be/ondernemen/auto/chinees-nio-kandidaat-overnemer-voor-audi-brussels-fabriek/10565046.html">reported</a> Belgian newspaper De Tijd. Belgium-based D&#8217;Ieteren is also interested in the plant, the report said.
Volkswagen has decided not to make any more vehicles at the plant after the last Q8 e-tron SUV rolls off the production line next year. Unless the German automaker finds a buyer, the plant will be closed, leaving 2,910 employees unemployed, the report said. 
Why It Matters: For Nio, having a plant in Europe will help it avoid the high tariffs being considered for EV imports from China. 
The European Commission is <a href="https://www.benzinga.com/news/24/09/40810974/us-ally-urges-eu-to-reconsider-tariffs-on-chinese-evs-we-dont-need-another-war">expected to propose </a>final tariffs of up to 35.3% on electric vehicles manufactured in China, in addition to the standard 10% car import duty applied by the EU.&nbsp;
The Chinese EV maker started<a href="https://www.benzinga.com/markets/equities/24/09/40925180/teslas-chinese-competitor-nio-begins-deliveries-of-new-es8-in-europe-amid-eu-tariff-concerns-rep"> delivering the ES8 SUV </a>to customers in Europe earlier this month. The vehicle is referred to as the EL8 in the geography due to an older lawsuit with Audi. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40933228/tesla-registrations-in-eu-take-a-hit-in-2024-as-ev-demand-slows-volkswagen-volvo-and-toyota-continue">Tesla Registrations In EU Take A Hit In 2024 As EV Demand Slows: Volkswagen, Volvo, And Toyota Continue To Gain Speed</a></li>
</ul>
Photo courtesy: Shutterstock

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Chinese EV Maker Nio Eyes Audi's Brussels Plant Amid European Expansion: Report

UBER

Darden Restaurants Inks Pact With Uber To Introduce On-Demand Delivery, with Olive Garden The First To Pilot

GOEV

Canoo Announced That The U.S. Customs And Border Protection Has Officially Approved Final Activation Of Canoo's Oklahoma City Operations As A Foreign-Trade Zone, Becoming One Of The Largest FTZs In The State Of Oklahoma

Bernstein analyst Aneesha Sherman maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Outperform and lowers the price target from $112 to $109.

Bernstein Maintains Outperform on Nike, Lowers Price Target to $109

BLDR

Builders FirstSource Names Pete Beckmann To Succeed Peter Jackson As CFO

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Gran Tierra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTE#NYSE">GTE</a>)</h3>
<ul>
<li>On Sept. 18, Gran Tierra Energy announced the closing of an additional $150 million aggregate principal amount of its 9.500% senior secured amortizing notes due 2029. The company's stock fell around 31% over the past month and has a <a href="https://www.benzinga.com/quote/GTE">52-week low of $4.72</a>.</li>
<li>RSI Value: 27.50</li>
<li>GTE Price Action: Shares of Gran Tierra Energy fell 6.4% to close at $5.90 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">latest GTE new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="846" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070435/image-149.png" alt="" class="wp-image-555845" style="width:682px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070435/image-149.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070435/image-149-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070435/image-149-768x716.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Vivakor inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIVK#NASDAQ">VIVK</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On April 22, VirnetX Holding announced that it has established an advisory board comprised of four retired senior U.S. Air Force leaders. The company's stock fell around 28% over the past month. It <a href="https://www.benzinga.com/quote/VIVK">has a 52-week low</a> of $0.44.</li>
<li>RSI Value: 27.07</li>
<li>VIVK Price Action: Shares of Vivakor fell 0.7% to close at $1.43 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"> trend in Vivakor stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070512/image-150.png" alt="" class="wp-image-555846" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070512/image-150.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070512/image-150-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070512/image-150-768x702.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Crown LNG Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>)</h3>
<ul>
<li>On Sept. 17, Crown LNG announced it received a Nasdaq notification regarding Nasdaq listing rule 5550(a)(2) for failing to meet its minimum bid requirements. The company's shares fell around 45% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/GGR"> low of $0.26</a>.</li>
<li>RSI Value: 22.60</li>
<li>CGBS Price Action: Shares of Crown LNG Holdings fell 10.6% to close at $0.26 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">breakout in Crown LNG Holdings share</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070540/image-151.png" alt="" class="wp-image-555848" style="width:602px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070540/image-151.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070540/image-151-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19070540/image-151-768x729.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Long Ideas

CGBS

VIVK

Top 3 Energy Stocks That Could Lead To Your Biggest Gains This Month

Stock Split

BBGI

Beasley Broadcast Has Approved A Reverse Stock Split At A Ratio Of 1-for-20

Guidance

Darden Restaurants Reiterated Full Year Financial Outlook For Fiscal 2025: Sees Net Earnings Per Share From Continuing Operations Of $9.40 To $9.60

Jackson will succeed Dave Rush, who has served as CEO since November 2022 and is retiring after 25 years of dedicated service to the Company. Rush will remain on the Builders FirstSource Board of Directors and continue as a special advisor to ensure a smooth transition.

Builders FirstSource Names CFO Peter Jackson As Its Next President & CEO And Member Of Its Board Of Directors, Effective November 6, 2024

ENSC

Ensysce Biosciences Has Submitted To FDA Its PF614-301 Protocol Of The Study To Evaluate The Efficacy And Safety Of PF614 For Moderate To Severe Pain After Abdominoplasty

MoneyHero Q2 Sales $20.67M Up From $16.65M YoY

Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) reported quarterly earnings of $1.75 per share which missed the analyst consensus estimate of $1.83 by 4.37 percent. This is a 1.69 percent decrease over earnings of $1.78 per share from the same period last year. The company reported quarterly sales of $2.76 billion which missed the analyst consensus estimate of $2.80 billion by 1.54 percent. This is a 0.95 percent increase over sales of $2.73 billion the same period last year.

Earnings Misses

Darden Restaurants Q1 Adj $1.75 Misses $1.83 Estimate, Sales $2.76B Miss $2.80B Estimate

OppFi (OPFI) has issued an announcement. OppFi Inc. has released its financial figures for the second quarter of 2024, providing investors with an ...

OppFi's Q2 2024 Financial Performance Insights Unveiled

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
OppFi (NYSE:<a href="https://investorplace.com/stock-quotes/opfi-stock-quote/">OPFI</a>) just reported results for the second quarter of 2024.<ul><li>OppFi reported earnings per share of 29 cents. This was above the analyst estimate for EPS of 15 cents.</li><li>The company reported revenue of $126.30 million.</li><li>This was 2.95% better than the analyst estimate for revenue of $122.69 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/opfi-stock-earnings-oppfi-for-q2-of-2024/">OPFI Stock Earnings: OppFi Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OPFI Stock Earnings: OppFi Beats EPS, Beats Revenue for Q2 2024

OppFi, Inc. (OPFI) Q2 2024 Earnings Call Transcript

OppFi Inc. 2024 Q2 - Results - Earnings Call Presentation

In a report released today, David Scharf from JMP Securities maintained a Buy rating on OppFi (OPFI – Research Report), with a price target of $5.0...

JMP Securities Keeps Their Buy Rating on OppFi (OPFI)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Brighthouse Financial (BHF – Research Report), OppF...

Analysts Offer Insights on Financial Companies: Brighthouse Financial (BHF), OppFi (OPFI) and Grupo Supervielle SA (SUPV)

The technology industry is experiencing significant growth owing to advanced innovations and increased government support. As a result, investing in fundamentally strong tech stocks Sabre Corporation (SABR), OppFi (OPFI), and Lantronix (LTRX) could be wise. These stocks, trading under $5, have the potential to double by year-end. Read more to find out… The technology sector shows strong growth prospects due to increased spending on Artificial Intelligence (AI), cloud computing, and cybersecurity. Analysts expect growth in 2024 from greater tech adoption in businesses, education, and healthcare, and the shift to hybrid work environments. Moreover, government support for innovation also boosts the tech industry's prospects.
Against this backdrop, investors might consider investing in fundamentally robust tech stocks such as Sabre Corporation (<a href="https://stocknews.com/stock/SABR/">SABR</a>), OppFi Inc. (<a href="https://stocknews.com/stock/OPFI/">OPFI</a>), and Lantronix, Inc. (<a href="https://stocknews.com/stock/LTRX/">LTRX</a>) to capitalize on the industry's tailwinds. Priced under $5, these stocks could double by the end of the year.
With a rising demand for faster connectivity, improved workspace standards, and digitization across sectors, the tech space is on its way to a massive boom in its prospects. Gartner forecasts an 8% year-over-year increase in worldwide IT spending, reaching <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">$5.06 trillion this year</a>.
The Biden-Harris administration's <a href="https://www.eda.gov/news/press-release/2024/07/02/biden-harris-administration-announces-next-funding-round-504-million">$504 million investment</a> in 12 Tech Hubs further fuels this momentum by funding critical projects, creating jobs, and boosting the nation's competitiveness. This investment also supports the growing need for high-quality hardware to meet complex processing demands, driving increased hardware sales.
Considering the positive trends in the industry, let us discuss the fundamentals of three tech stocks under $5, starting with #3.
Stock #3: Sabre Corporation (<a href="https://stocknews.com/stock/SABR/">SABR</a>)
SABR is a software and technology company that drives the global travel industry, supporting a diverse array of travel businesses, from airlines and hotels to travel agencies and other suppliers. It operates through two segments: Travel Solutions; and Hospitality Solutions, serving customers in 160 countries.
On August 14, SABR announced the renewal of its <a href="https://investors.sabre.com/news-releases/news-release-details/sabre-and-westjet-expand-their-long-term-distribution-deal">multi-year distribution agreement with WestJet</a>, a major carrier based in Canada. The agreement aims to provide SABR-connected agencies with access to WestJet's innovative content, which includes future New Distribution Capability (NDC) offers.
The agreement is among many in SABR's list of innovations in travel and carrier-based partnerships. With innovations that work mostly for the convenience of its customers, SABR is securing its place in the industry by boosting consumer numbers and its overall growth.
On August 8, SABR announced a new, expanded, <a href="https://investors.sabre.com/news-releases/news-release-details/leading-online-travel-company-priceline-and-sabre-sign-expanded">multi-year agreement with Priceline</a>, a leading online travel agency, to deliver joint growth in travel retailing. Priceline will implement Sabre Direct Pay to enhance its travel payment processes, providing a more secure, automated, and integrated payment solution.
SABR is establishing a stable growth prospect and staying loyal to its customers by providing convenient payment methods to meet its growing needs.
SABR's revenue for the fiscal 2024 second quarter, which ended June 30, increased 4% year-over-year to $767.24 million. The company's adjusted operating income increased 132.1% from the prior year's quarter to $106.99 million. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> grew 76.2% from the year-ago value to $128.69 million.
For the fiscal year 2025, analysts expect SABR's revenue and EPS to increase 5.9% and 194.1% year-over-year to $3.23 billion and $0.16, respectively. Furthermore, the company's EPS is expected to grow 53.5% annually over the next five years.
SABR shares have gained 6.9% over the past six months, closing the last trading session at $2.96.
SABR's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
SABR is ranked #20 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry. The stock has a B grade for Growth, Value, and Quality.
To see SABR's Stability, Sentiment, and Momentum ratings, <a href="https://stocknews.com/stock/SABR/">click here</a>.
Stock #2: OppFi Inc. (<a href="https://stocknews.com/stock/OPFI/">OPFI</a>)
OPFI is a tech-driven specialty finance platform expanding community banks' reach to provide credit access to everyday Americans. Through its mobile-optimized OppLoans platform, eligible applicants can voluntarily opt into the OPFI TurnUp Program, which helps them find more affordable credit options.
On August 1, OPFI announced its <a href="https://investors.oppfi.com/news/press-releases/2024/OppFi-Acquires-Equity-Interest-in-Bitty-Enters-Small-Business-Financing-Market/default.aspx">strategic acquisition of a 35% equity interest in Bitty Advance</a>, a credit access company specializing in revenue-based financing and working capital solutions. The acquisition also includes options for OPFI to gradually obtain majority and full company ownership.
OPFI is focused on expanding small business financing, particularly as it increasingly shifts online. The company expects Bitty's digital platform to leverage this growth, scale operations, and generate increased profits in the future.
For the fiscal 2024 second quarter that ended June 30, 2024, OPFI's total revenue increased 3.1% year-over-year to $126.30 million. Its adjusted EBT rose 55% from the year-ago value to $32.42 million.
Moreover, the company's adjusted net income and adjusted EPS stood at $24.78 million and $0.29, up 56.2% and 53.5% from the previous year's period, respectively.
Analysts expect OPFI's revenue for the fiscal fourth quarter ending December 2024 to increase 2.3% year-over-year to $135.91 million. Its EPS for the next quarter is expected to grow 46.7% from the prior year's period to $0.15. Plus, the company surpassed the consensus EPS estimates in each of the trailing four quarters.
OPFI shares have gained 22.8% over the past month and 45.2% over the past three months, closing the last trading session at $4.69.
OPFI's robust prospects are reflected in its POWR Ratings. The stock has an overall B rating, translating to Buy in our proprietary rating system.
OPFI has an A grade for Sentiment and a B for Quality, Growth, and Momentum. It is ranked #16 in the 129-stock in the <a href="https://stocknews.com/category/software-application/">Software – Application</a> industry.
To access OPFI's additional ratings for Stability and Value, Click <a href="https://stocknews.com/stock/OPFI/">here</a>.
Stock #1: Lantronix, Inc. (<a href="https://stocknews.com/stock/LTRX/">LTRX</a>)
LTRX provides solutions for video surveillance, infotainment systems, and intelligent substation infrastructure. The company's IoT offerings comprise IoT System Solutions, Embedded IoT Modules, and Software and Engineering Services.
On June 27, LTRX announced the launch of its <a href="https://www.lantronix.com/newsroom/press-releases/lantronix-launches-new-eds5000-series-device-server/">new next-generation desktop</a> or 1U rack mountable EDS5000 series of device servers, supporting 8, 16, or 32 serial devices over Ethernet. These servers enable easy remote access and management of serial-based devices like medical equipment, POS terminals, and security systems.
As remote work environments grow, LTRX aims to enhance its customers' ability to maintain and expand serial connections over Ethernet, improving management and visibility and driving the company's growth through these innovations.
On April 16, LTRX announced the <a href="https://www.lantronix.com/newsroom/press-releases/lantronix-announces-new-fox4-and-bolero-43-edge-compute-trackers-expanding-its-award-winning-telematic-gateways-family/">launch of its FOX4 and Bolero 43</a> edge compute tracker telematic gateways. These new devices, designed for asset and fleet management, come pre-configured with the Percepxion IoT edge software platform for secure device management.
Innovations like these will help the company to keep a strong presence in the technology playing field and subtly grow its customer base and popularity due to its convenient tech solutions, driving its overall growth.
During the fiscal 2024 third quarter that ended on March 31, 2024, LTRX's net revenue increased 24.9% year-over-year to $41.18 million. Its non-GAAP gross profit rose 13.6% from the year-ago value to $16.91 million.
In addition, the company's non-GAAP net income amounted to $4.23 million and $0.11 per share, representing increases of 97.5% and 83.3% year-over-year, respectively.
Street expects LTRX's revenue and EPS for the fiscal fourth quarter ending June 2024 to increase 40.5% and 158.3% year-over-year to $49.06 million and $0.16, respectively. Furthermore, the company surpassed consensus revenue estimates in three of the four trailing quarters.
LTRX shares have gained 7.1% over the past five days closing the last trading session at $3.64.
LTRX's strong outlook is mirrored in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
LTRX has an A grade for Growth and a B for Value, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, it is ranked #2 out of 39 stocks.
To see LTRX's Stability and Momentum ratings, <a href="https://stocknews.com/stock/LTRX/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
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SABR shares fell $0.26 (-8.78%) in premarket trading Wednesday. Year-to-date, SABR has declined -32.73%, versus a 18.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/sabr-opfi-ltrx-3-tech-stocks-under-5-that-could-double-by-year-end/>3 Tech Stocks Under $5 That Could Double by Year-End</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $5 That Could Double by Year-End

Small-cap stocks have climbed recently. Here are the ones most poised for further upside

AQST

BFLY

BYRN

CDNA

CLOV

COMM

CURI

DAVE

ESOA

EVER

GTHX

HRTG

HYLN

INSG

JAGGF

LTRX

PRAX

PSIX

PSNL

SABR

SUPV

USAP

Press Releases

Glancy Prongay & Murray LLP Announces Investigation of OppFi Inc. (OPFI)

OppFi Addresses Financial Literacy Through Social Impact Collaboration with Financial Education Platform Zogo

OppFi Announces $0.12 Per Share Special Dividend, $20 Million Share Repurchase Program

OppFi Announces First Quarter 2024 Earnings Conference Call

OppFi Exceeds First Quarter 2024 Guidance, Raises Full-Year Earnings Outlook

OppFi Announces Second Quarter 2024 Earnings Conference Call

OppFi Acquires Equity Interest in Bitty, Enters Small Business Financing Market

OppFi Reports Record Second Quarter Profitability and Revenue, Raises Full-Year Earnings Outlook By More Than 20%

OppFi to Participate in the Sidoti Micro-Cap Virtual Conference

Events

OppFi Inc at August 20th Virtual Investor Summit Microcap Event

Senmiao Technology Limited - Common Stock

Senmiao Tech

Atlanticus Holdings Corporation - Common Stock

Atlanticus Holdings

Consumer Portfolio Services, Inc. - Common Stock

Consumer Pf Servs

EZCORP, Inc. - Class A Non-Voting Common Stock

EZCORP

Jiayin Group Inc. - American Depositary Shares

Jiayin Gr

Janover

Katapult Holdings

LexinFintech Holdings Ltd. - American Depositary Shares

LexinFintech Holdings

Metalpha Technology Holding Limited - Ordinary Shares

Metalpha Technology

Medallion Finl

MoneyLion

Nicholas Finl

Oportun Financial Corporation - common stock

Oportun Financial

Pintec Technology Holdings Limited - American Depositary Shares

Pintec Technology Hldgs

Qudian Inc. American Depositary Shares, each representing one Class A Ordinary Share

Qudian

Regional Mgmt

X Financial American Depositary Shares, each representing six Class A Ordinary Shares

X Financial

Yiren Digital Ltd. American Depositary Shares, each representing two ordinary shares

Yiren Digital

JMP Securities

Needham

DA Davidson

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