Red Cat Hldgs Stock (NASDAQ:RCAT), Trade Ideas

Red Cat Hldgs

Red Cat Holdings

Red Cat Holdings Inc is a military technology company that integrates robotic hardware and software to provide critical situational awareness and actionable intelligence to on-the-ground warfighters and battlefield commanders. Its mission is to enhance the effectiveness and safety of military operations domestically and globally. Red Cat's suite of solutions includes Teal Drones, developer of the Golden Eagle, a small unmanned system with the highest resolution imaging for night-time operations, and Skypersonic, a leading provider of unmanned aircraft for interior spaces and other dangerous environments.

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As of April 16, 2024, four stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 4 Tech Stocks You May Want To Dump In April

Earnings

Small Cap

COST

SCHL

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

Costco, Darden Restaurants And 3 Stocks To Watch Heading Into Friday

MRNA

The CNN Money Fear and Greed index showed some easing in overall market sentiment, but the index remained in the &#34;Greed&#34; zone on Thursday.

Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone Following Economic Reports; Dow Records New High

Red Cat Holdings Inc

Takeda Pharmaceutical FY23 Core EPS ¥484 Down From ¥558 YoY, Sales ¥4.263T Up From ¥4.027T YoY

In a significant shift towards electric vehicles (EVs), General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has announced plans to cease production of its gasoline-powered Chevrolet Malibu later this year.
What Happened: GM intends to halt the production of its Chevrolet Malibu car in November, Reuters reported on Thursday. The Detroit-based automaker is channeling a $390 million investment into its Kansas assembly plant to manufacture the next-generation Chevrolet Bolt EVs. The production of the previous generation Bolt was stopped in December.
The company has been progressively shifting its focus from cars to the production of more crossover and sport utility vehicles. The Malibu is the last Chevrolet car offered in the U.S., apart from the Corvette. The production of the Chevrolet <a href="https://www.benzinga.com/news/23/12/36252343/gm-announces-over-1-300-layoffs-as-chevrolet-camaro-bolt-production-ends">Camaro also ended last year</a>.
GM also declared a temporary halt in the production of the Cadillac XT4 after January 2025 in Kansas, resulting in layoffs of production employees until production resumes later in 2025 for both the Bolt EV and XT4 on the same assembly line.
See Also: <a href="https://www.benzinga.com/top-stories/24/05/38680302/tesla-will-temporarily-stop-production-at-german-gigafactory-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Will Temporarily Stop Production At German Gigafactory: Here&#8217;s Why</a>
Despite selling over 10 million Malibus worldwide since 1964, GM saw a 12.5% drop in the sales of the Malibu in the first quarter of this year. However, sales were up 13% to 130,000 in 2023. 
Why It Matters: In its <a href="https://www.benzinga.com/news/earnings/24/04/38379260/general-motors-q1-earnings-surprise-north-america-growth-rising-profit-margin-and-annual-guidance-b">first quarter of 2024 results, </a>GM reported a 7.6% year-over-year sales growth to $43.01 billion, surpassing the analyst consensus estimate of $41.88 billion. The company&#8217;s market share reached 8.1% for the quarter, a decrease from 8.7% a year ago.
Following a first-quarter beat,<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38388017/general-motors-potential-in-ev-transformation-weighed-by-analysts-after-q1-beat-was"> GM raised its outlook for FY24, </a>projecting adjusted earnings per share of $9.00 – $10.00, higher than the prior view of $8.50 – $9.50. The company is focusing heavily on profitability, with expenses continuing to be a big priority.
However, GM dealers have expressed concerns over the<a href="https://www.benzinga.com/news/large-cap/24/01/36841779/dealers-urge-general-motors-to-embrace-hybrids-amid-electric-vehicle-hesitancy"> automaker's exclusive focus on fully electric cars, </a>urging the company to introduce hybrid models. They fear losing customers who are not yet ready to embrace fully electric vehicles. Dealers emphasized the growing demand for a middle ground between traditional gas-powered cars and electric vehicles (EVs).
Read Next: <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Throws Down The Gauntlet With $48K EV Plan To Take On Tesla&#8217;s Dominance: &#8216;Wait Until Our Midsize Comes Out In Late 2026&#8217;</a>
Image by Kevauto via Shutterstock
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General

GM Kicks One More Iconic Gas-Powered Chevy Car To The Curb As EV Focus Sharpens

ICL Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) reported quarterly earnings of $0.09 per share which met the analyst consensus estimate. This is a 60.87 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $1.735 billion which missed the analyst consensus estimate of $1.752 billion by 0.95 percent. This is a 18.01 percent decrease over sales of $2.116 billion the same period last year.

Earnings Misses

ICL Group Q1 2024 GAAP EPS $0.09, Inline, Sales $1.735B Miss $1.752B Estimate

Braskem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>) reported $3.618 billion in sales this quarter. This is a 3.34 percent decrease over sales of $3.743 billion the same period last year.

Braskem Q1 Sales $3.618B Down From $3.743B YoY, Net Loss $273M Down From Net Income $35M YoY

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) to report a quarterly loss at 53 cents per share on revenue of $922.98 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Roblox shares rose 0.7% to $39.30 in after-hours trading.</li>
<li>ZoomInfo Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NYSE">ZI</a>) reported upbeat first-quarter financial results, but issued weak second-quarter guidance. The company said it expects second-quarter EPS to be in the range of 23 cents to 24 cents, versus estimates of 25 cents per share. Second-quarter revenue is projected to be between $306 million and $309 million, versus estimates of $313.11 million. ZoomInfo shares gained 0.4% to $12.19 in the after-hours trading session.</li>
<li>Analysts are expecting US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) to post quarterly earnings at 53 cents per share on revenue of $8.92 billion. The company will release earnings before the markets open. US Foods shares gained 1.4% to $53.10 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) posted a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million. Beyond Meat shares dipped 13.5% to $7.10 in the after-hours trading session.</li>
<li>Analysts expect H&amp;R Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) to post quarterly earnings at $4.62 per share on revenue of $2.14 billion after the closing bell. H&amp;R Block shares rose 0.9% to $48.95 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38701877/jim-cramer-says-he-is-struggling-with-tesla-likes-this-industrial-giant">Jim Cramer Says He Is &#8216;Struggling&#8217; With Tesla, Likes This Industrial Giant</a>

BYND

RBLX

USFD

Roblox, Beyond Meat And 3 Stocks To Watch Heading Into Thursday

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk said on Wednesday that the steering wheel nag a driver feels when full self-driving (FSD) assistance software is enabled would be removed with the next update after multiple users complained about the issue.
What Happened: The&nbsp;<a href="https://www.benzinga.com/news/23/09/34259971/tesla-raises-yoke-steering-wheel-price-fourfold-amidst-recent-model-s-x-price-adjustments" target="_blank" rel="noreferrer noopener">steering wheel&nbsp;</a>nag prompts users to apply pressure on the steering wheels when driver assistance features like autopilot or FSD are enabled. If the driver does not heed the visual prompts on the touch screen, it escalates into a beeping noise. While meant to improve safety, users have flagged that getting the vehicle to identify their hands&nbsp;<a href="https://www.benzinga.com/news/23/11/35693942/tesla-recalls-nearly-160-model-s-x-vehicles-over-steering-wheel-airbag-mismatch" target="_blank" rel="noreferrer noopener">on the wheel</a>&nbsp;is difficult.
However, the nag has been &#8220;fixed&#8221; in the FSD 12.4 version, Musk said on Wednesday in response to a user who requested it be killed. The CEO added that the new version of FSD will probably start rolling out next week.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fixed in 12.4
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1788287199919636522?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
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&#8220;12.4 has almost completely retrained models. The final touches are for comfort, as it sometimes accelerates or brakes too fast for most people's taste,&#8221; Musk said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">12.4 has almost completely retrained models. The final touches are for comfort, as it sometimes accelerates or brakes too fast for most people's taste. 12.5 and 12.6 are in various stages of testing. We're getting into rare, complex situations, for example: going down a narrow,…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1788236700709175700?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
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Why It Matters: Musk has said <a href="https://www.benzinga.com/news/23/11/35742948/tesla-users-continue-to-request-removal-of-steering-wheel-nag-despite-musks-promises-for-a-fix">several times in the past</a> that a fix is on the way. However, it hasn't materialized to date, and the demand for a fix continues.
In April 2023, Musk said, &#8220;We are gradually reducing it, proportionate to improved safety.&#8221;
A turn-off on the nag would suggest the company has eventually reached a point of safety with the FSD software where it can eventually switch it off. Tesla&#8217;s FSD, the company says, can enable vehicle autonomy in due time. Currently, however, it requires active driver supervision.
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 More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38694651/rivian-aims-to-churn-out-215k-evs-from-illinois-factory-with-r2-leading-charge-and-save-over-2b" target="_blank" rel="noreferrer noopener">Rivian Aims To Churn Out 215K EVs From Illinois Factory, With R2 Leading Charge, And Save Over $2B</a>
Image via Shutterstock

Tech

TSLA

Tesla Drivers Rejoice: Elon Musk Says FSD Nag On Steering Wheel Is Finally Fixed And Rolling Out In Next Update

FINANCIAL&nbsp;GUIDANCE
Based on its current operating plans, argenx expects its combined Research and development and Selling, general and administrative expenses in 2024 to be less than&nbsp;$2 billion. argenx expects to utilize up to&nbsp;$500 million&nbsp;of net cash in 2024 on these anticipated operating expenses as well as working capital and capital expenditures.

Guidance

ARGX

For 2024 argenx Expects Combined Research And Development And Selling, General And Administrative Expenses To Be Less Than $2B

argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) reported quarterly losses of $(0.52) per share which beat the analyst consensus estimate of $(0.74) by 29.73 percent. This is a 50 percent increase over losses of $(1.04) per share from the same period last year. The company reported quarterly sales of $398.283 million which missed the analyst consensus estimate of $405.776 million by 1.85 percent. This is a 82.68 percent increase over sales of $218.022 million the same period last year.

Earnings Beats

argenx Q1 2024 GAAP EPS $(0.52) Beats $(0.74) Estimate, Sales $398.283M Miss $405.776M Estimate

FVRR

Fiverr Updates 2024 Outlook: Now Sees Revenue $381M-$387M (Prior $379M- $387M) Vs. $382.799M Consensus And Adjusted EBITDA Of $67M-$73M (From $65M-$73M)

Financial&nbsp;Outlook
Our&nbsp;Q2&#39;24&nbsp;outlook&nbsp;and updated full year 2024&nbsp;guidance&nbsp;reflects the recent trends on our marketplace and is largely consistent with our prior expectations.
<table>
<tbody>
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<td>&nbsp;</td>
<td>Q2&nbsp;2024</td>
<td>FY 2024</td>
</tr>
<tr>
<td>Revenue</td>
<td>$93.5&nbsp;-&nbsp;$95.5 million</td>
<td>$381.0&nbsp;-&nbsp;$387.0 million</td>
</tr>
<tr>
<td>y/y growth</td>
<td>5%&nbsp;-&nbsp;7%&nbsp;y/y growth</td>
<td>5%&nbsp;-&nbsp;7%&nbsp;y/y growth</td>
</tr>
<tr>
<td>Adjusted EBITDA(1)</td>
<td>$16.0&nbsp;-&nbsp;$18.0 million</td>
<td>$67.0&nbsp;-&nbsp;$73.0 million</td>
</tr>
</tbody>
</table>

Fiverr Expects Q2 Revenue Of $93.5M-$95.5M Vs. $94.448M Consensus And Adjusted EBITDA Of $16M-$18M

In a recent development, Informa, a U.K.-based publishing and exhibitions company, has partnered with Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) valued at over $10 million. The deal will grant Microsoft access to Informa&#8217;s data, aiming to bolster its artificial intelligence systems.
What Happened: The data access agreement, active from 2024 to 2027, is anticipated to broaden the application of AI within Informa&#8217;s operations, underlining the unique worth of the company&#8217;s intellectual property, Financial Times <a href="https://www.ft.com/content/3ed7737e-3649-4afb-9071-caa13e7394d9">reported</a> on Wednesday. This collaboration is the latest in a string of partnerships between media groups and AI developers, providing new tools for Informa and assisting Microsoft in training its models on specialist data.
This deal is a significant step for Informa as it will enhance its operational performance and align the company with the higher end of its market guidance on revenues, adjusted operating profit, and free cash flow. 
See Also: <a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Se</a>
Analysts suggest that this deal will likely boost investor confidence, underlining the value of relevant data in specialist areas and the recurring nature of Microsoft&#8217;s payments. Informa, which has experienced a post-Covid surge in global events, reported strong performance across all major regions and anticipates revenues to reach nearly £3.5 billion ($4.37 billion) in the current financial year.
Why It Matters: This partnership follows a series of strategic moves by Microsoft, <a href="https://www.benzinga.com/government/24/05/38698335/joe-biden-set-to-unveil-microsofts-3b-ai-data-center-plan-on-same-wisconsin-land-where-trump-tried-t">including a $3.3 billion investment</a> in an AI data center in Wisconsin, the <a href="https://www.benzinga.com/markets/equities/24/05/38678153/microsoft-introduces-isolated-ai-for-us-intelligence-to-analyze-secret-data-report">introduction of an isolated AI model</a> for U.S. intelligence, and the development of a new <a href="https://www.benzinga.com/markets/equities/24/05/38651075/microsoft-takes-on-google-and-openai-with-new-ai-model-report">AI language model to compete</a> with Google and OpenAI.
Price Action: On the stock front, Microsoft&#8217;s shares closed at $410.54 on Wednesday, marking a slight increase of 0.29% from the previous close, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>. The company also reported a positive earnings surprise in the third quarter of 2024, with an EPS of $2.94 against an estimated $2.82.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38660790/is-apple-back-in-the-ev-game-tech-giant-reportedly-eyes-rivian-partnership?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Apple Back In The EV Game? Tech Giant Reportedly Eyes Rivian Partnership</a>
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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MSFT

Microsoft Signs $10M Deal With UK-Based Exhibitions Company To Boost AI Capabilities

Fiverr International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FVRR#NYSE">FVRR</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.44 by 18.18 percent. This is a 44.44 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $93.524 million which beat the analyst consensus estimate of $92.417 million by 1.20 percent. This is a 6.33 percent increase over sales of $87.956 million the same period last year.

Fiverr International Q1 2024 Adj EPS $0.52 Beats $0.44 Estimate, Sales $93.524M Beat $92.417M Estimate

Teekay Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) reported quarterly earnings of $3.86 per share which beat the analyst consensus estimate of $3.73 by 3.49 percent. This is a 24.76 percent decrease over earnings of $5.13 per share from the same period last year. The company reported quarterly sales of $338.343 million which beat the analyst consensus estimate of $221.550 million by 52.72 percent. This is a 14.27 percent decrease over sales of $394.657 million the same period last year.

Teekay Tankers Q1 2024 Adj EPS $3.86 Beats $3.73 Estimate, Sales $338.343M Beat $221.550M Estimate

Teekay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TK#NYSE">TK</a>) reported quarterly earnings of $0.44 per share. This is a 15.38 percent decrease over earnings of $0.52 per share from the same period last year. The company reported $365.05 million in sales this quarter. This is a 12.81 percent decrease over sales of $418.70 million the same period last year.

Teekay Q1 EPS $0.44 Down From $0.52 YoY, Sales $365.05M Down From $418.70M YoY

Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) head of product launches has resigned from the company, joining the long list of senior executives to leave as company CEO&nbsp;Elon Musk&nbsp;seeks to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees" rel="noreferrer noopener">downsize the company's workforce.</a>
What Happened:&nbsp;Rich Otto&nbsp;took to LinkedIn to announce his departure from the electric vehicle giant.&nbsp;
Otto&#8217;s departure adds him to a growing list of senior executives who have left Tesla in recent weeks, including Senior Director of Charging Infrastructure Rebecca Tinucci, Director of New Product Introduction Daniel Ho, Senior Vice President of Powertrain and Energy Engineering Drew Baglino, and Vice President of Public Policy and Business Development Rohan Patel.
&#8220;Why leave? It's a company I love and that has given me so&nbsp;much,&nbsp;but has also taken its pound of flesh,&#8221; Otto wrote in his post. He&#8217;s been with Tesla for about seven years, since 2017.
&#8220;Great companies are made up of equal parts great people and great products, and the latter are only possible when its people are thriving,&#8221; Otto wrote.&nbsp;
&#8220;The recent layoffs that are rocking the company and its morale have thrown this harmony out of balance and it&#8217;s hard to see the long game. It was time for a change.&#8221;&nbsp;
Otto expressed hope that both the company and the laid-off employees can recover.
Why It Matters:&nbsp;Late last month, Tesla announced plans to cut costs through a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38516190/elon-musk-cracks-whip-harder-2-more-senior-tesla-execs-reportedly-exit-as-ceo-demands-absolutely-har" rel="noreferrer noopener">10% workforce reduction</a>, impacting an estimated 14,000 employees. These layoffs reflect broader challenges facing the company, including declining sales and pricing pressures.
For the first quarter, Tesla reported revenue of $21.3 billion, down from the $23.33 billion reported a year earlier. This is the first time the company&#8217;s quarterly&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38398667/tesla-bulls-praise-musks-q1-earnings-call-see-ev-giant-on-collision-course-with-ube" rel="noreferrer noopener">revenue has fallen</a>&nbsp;since the pandemic in 2020. Tesla&#8217;s net profit stood at $1.13 billion, falling 55% from $2.51 billion a year earlier.
Price Action:&nbsp;Tesla stock closed 1.7% lower on Wednesday at $174.72 and dropped 0.2% after hours. The stock is down nearly 30% year-to-date, according to data&nbsp;<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">from Benzinga Pro.</a>
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 More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38694651/rivian-aims-to-churn-out-215k-evs-from-illinois-factory-with-r2-leading-charge-and-save-over-2b" target="_blank" rel="noreferrer noopener">Rivian Aims To Churn Out 215K EVs From Illinois Factory, With R2 Leading Charge, And Save Over $2B</a>
Image via Shutterstock

Tesla's Head Of Product Launches Departs After Feeling EV Giant Took 'Pound Of Flesh' Amid Mass Firings: 'It's Hard To See The Long Game'

Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; has emphasized the significance of a company&#8217;s guidance in the current market environment, stating that it can significantly impact stock performance.
What Happened: Cramer, in his recent show, highlighted the crucial role of a company&#8217;s future guidance in determining its stock&#8217;s fate, <a href="https://www.cnbc.com/2024/05/08/cramer-says-guidance-really-matters-as-wall-street-senses-a-slowdown.html">reported</a> CNBC on Wednesday. 
"Welcome back to a very skittish market, one where investors aren't interested in how you did, they only care about what you say you'll do in the future," he said. "So, if you aren't offering a healthy, sharply better-than-expected forecast, well, your stock is instant roadkill."
He noted that even companies with strong quarterly results, such as Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Datadog Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and Upstart Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), experienced stock declines due to less-than-ideal guidance.
Disney&#8217;s shares dropped by around 10% after its finance chief, Hugh Johnston, mentioned a &#8220;global moderation from peak post-Covid travel&#8221; during the company&#8217;s earnings call. 
Cramer suggested that investors could consider buying these stocks if the Federal Reserve were to start cutting interest rates, but he also stressed the current significance of soft guidance on stock performance.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38654240/bitcoin-ethereum-dogecoin-lose-ground-cannot-back-up-fridays-etf-flows-inflows-bitcoin-is-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Lose Ground, Cannot Back Up Friday&#8217;s ETF Flows Inflows: &#8216;Bitcoin Is The Escape Hatch&#8217;</a>
&#8220;Now, there are times when I think we need to take all of these forecasts with a grain of salt,&#8221; he said. &#8220;You need to understand that in this market, even though the guidance is just the guidance, right now the guidance is all that matters.&#8221;
Why It Matters: Earlier this week, Cramer <a href="https://www.benzinga.com/news/24/05/38691510/jim-cramer-advises-investors-to-brace-for-economic-slowdown-shares-tips-to-maintain-balanced-portfol">advised investors to brace for an economic slowdown</a> and suggested strategies to navigate the challenging period. He emphasized the importance of maintaining a balanced portfolio amid the ongoing economic slowdown and urged investors to be prepared for potential losses.
Meanwhile, investment strategist Ed Yardeni warned about a potential <a href="https://www.benzinga.com/news/24/05/38720656/feds-rate-cut-could-trigger-stock-market-melt-up-warns-investment-strategist">stock market &#8220;melt-up&#8221;</a> driven by Federal Reserve rate cuts. Yardeni highlighted the re-emergence of the &#8220;Fed Put&#8221; concept, suggesting that the Fed will intervene with interest rate cuts to prevent economic downturns, potentially leading to a stock market melt-up.
On the other hand, Tom Lee, the head of research at Fundstrat, suggested that the <a href="https://www.benzinga.com/markets/equities/24/05/38659544/jim-cramer-suggests-end-of-market-sell-off-points-to-big-tech-recovery-stop-waiting-for-a-correc">recent inflation figures</a> for March have been higher than expected for the third consecutive month. He attributed the elevated readings to delays in official statistics, pointing out that real-time home and rent prices are stabilizing. He advised investors to consider purchasing stocks this month, citing a forthcoming significant decline in inflation.
Read Next: <a href="https://www.benzinga.com/partner/markets/24/05/38581492/how-can-small-investors-access-private-deals-with-big-potential?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How Can Small Investors Access Private Deals With Big Potential?</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Equities

Global

DDOG

UBER

UPST

'Welcome Back To A Very Skittish Market,' Says Jim Cramer, Highlighting Importance Of Company Guidance Amid Volatile Market

Wedbush analyst Dan Ives has emphasized the significance of China in Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) growth trajectory. This comes after reports of the company&#8217;s plans to test its robotaxis in China.
What Happened: Ives, in an interview with CNBC, referred to China as the &#8220;heart and lungs of Tesla growth story.&#8221; He highlighted the importance of the Chinese market, especially in light of the company&#8217;s robotaxi plans.
Chinese state media disclosed that Tesla would be conducting trials of its robotaxis in China. Although the Chinese government has not given the green light for a full rollout of Tesla&#8217;s Full Self-Driving functions, it has reportedly <a href="https://www.benzinga.com/news/24/05/38692792/tesla-robotaxis-hitting-chinas-streets-soon-ev-giant-reportedly-welcomed-to-do-some-trials-but-no-fu">welcomed the company to conduct some robotaxi tests</a> in the country.
CEO &#8220;Elon Musk continues to play well in that sandbox in Beijing,&#8221; says Ives. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;China, in my opinion, is the heart and lungs of the Tesla growth story,&quot; says <a href="https://twitter.com/DivesTech?ref_src=twsrc%5Etfw">@DivesTech</a> after Chinese state media reported that Tesla plans to test its robotaxis in China. &quot;<a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> continues to play well in that sandbox in Beijing. <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> <a href="https://t.co/OraDhM7drF">pic.twitter.com/OraDhM7drF</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1788354312772485351?ref_src=twsrc%5Etfw">May 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
China has been a key focus for Tesla in recent months. In April, the company teamed up with Baidu to introduce its <a href="https://www.benzinga.com/markets/asia/24/04/38481213/breaking-tesla-reportedly-teams-up-with-baidu-to-roll-out-fsd-in-china">driver assistance features</a> in China. This partnership was aimed at providing high-precision, lane-level mapping and navigation data for China, which is essential for deploying Tesla&#8217;s FSD software in the East Asian market.
See Also: <a href="https://www.benzinga.com/news/24/05/38662140/elon-musk-rofls-over-lucids-ginormous-q1-loss-and-ceo-rawlinsons-claims-about-what-really-sets-tesla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk ROFLs Over Lucid&#8217;s Ginormous Q1 Loss And CEO Rawlinson&#8217;s Claims About What Really Sets Tesla Rival Apart</a>
Why It Matters: Tesla&#8217;s focus on China is not new. The company has been making significant strides in the region, with analysts predicting that its <a href="https://www.benzinga.com/news/24/04/38531925/tesla-set-to-boost-revenue-and-margins-with-china-breakthrough-analyst-predicts">revenue and margins will be boosted</a> by its China breakthrough. The company&#8217;s success in China is seen as a crucial factor in its global growth strategy.
Moreover, the recent developments in China coincide with a <a href="https://www.benzinga.com/news/24/05/38662366/heir-apparent-departs-elon-musks-rumored-tesla-successor-leaves-north-america-to-sharpen-focus-on-ch">broader executive shake-up at Tesla</a>, with several top officials stepping down. The return of Tom Zhu, long rumored to be Musk&#8217;s successor at Tesla, to his role in China also underscores the company&#8217;s focus on the region.
Read Next: <a href="https://www.benzinga.com/news/24/05/38663810/lucid-ceo-throws-down-the-gauntlet-with-48k-ev-plan-to-take-on-teslas-dominance-wait-until-our-midsi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Throws Down The Gauntlet With $48K EV Plan To Take On Tesla&#8217;s Dominance: &#8216;Wait Until Our Midsize Comes Out In Late 2026&#8217;</a>
Image Via Shutterstock 
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Tesla's China Expansion Is 'Heart And Lungs' For EV Maker's Growth Story, 'Elon Musk Continues To Play Well,' Says Analyst Amid Robotaxi Plans

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Trade Balance (USD) For April 72.35B Vs. 81.40B Est.; 58.55B Prior

Reported Earlier, China Imports (YoY) For April 8.4% Vs. 5.4% Est.; -1.9% Prior

Reported Earlier, China Exports (YoY) For April 1.5% Vs. 1.0% Est.; -7.5% Prior

Red Cat Holdings GAAP EPS of -$0.10 misses by $0.06, revenue of $5.8M in-line

Red Cat Holdings Inc (RCAT) has provided an announcement. Joseph Hernon transitioned from his role as Chief Financial Officer of the Company to a c...

Red Cat Holdings Announces CFO Transition and New Interim Appointment

Red Cat Holdings, Inc. (RCAT) Q3 2024 Earnings Call Transcript

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Red Cat Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/rcat-stock-quote/">RCAT</a>) just reported results for the third quarter of 2024.<ul><li>Red Cat Holdings reported earnings per share of -8 cents. This was below the analyst estimate for EPS of -4 cents.</li><li>The company reported revenue of $5.85 million.</li><li>This was 0.83% better than the analyst estimate for revenue of $5.80 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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	The post <a href="https://investorplace.com/earning-results/2024/03/rcat-stock-earnings-red-cat-holdings-for-q3-of-2024/">RCAT Stock Earnings: Red Cat Holdings Misses EPS, Beats Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RCAT Stock Earnings: Red Cat Holdings Misses EPS, Beats Revenue for Q3 2024

Red Cat announces $2.5M in contract awards from two NATO allied countries

Ocean Power Technologies collaborates with Red Cat for maritime defense solutions

Red Cat enters into partnership with Sentien Robotics

CSSE, RVYL and RCAT among mid-day movers

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The Nasdaq declined over 2% on Tuesday, and if the momentum keeps going, we could see the tech index below 15,000 points. This turbulence makes investors wonder if the bear has awaked from its slumber, but there still are hypergrowth stocks to buy out there.



Generally speaking, this is not good news for hypergrowth stocks to buy or startup firms. However, there can be certain outliers in every market. As the old Wall Street adage goes, bull markets breed complacency, but bear markets breed opportunity. That&rsquo;s why you should have at least some portion of your portfolio active in these hypergrowth stocks.



Even if they aren&rsquo;t outliers in a bearish market, scooping up these companies for cheap is a good idea. After all, the most astounding gains are often realized by those willing to be greedy when others are fearful.



Many of these hypergrowth stocks to buy are already at or near profitability. Once they expand their earnings as expected, they could trade at a substantial premium in the coming years and deliver multibagger returns. 



While turbulent times may persist for a while, forward-looking investors would be wise to start accumulating shares in these hypergrowth stocks to buy. Let&rsquo;s have a look!



<h2>Braze (BRZE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600d-300x169.jpg" alt="A man examines a digital screen with different icons for software."><div>Source: Shutterstock</div></div>Braze (NASDAQ:<a href="https://investorplace.com/stock-quotes/brze-stock-quote/">BRZE</a>) is a customer engagement software company. These companies trade at very steep premiums in the market, and you could say the same for Braze. 



It is not profitable at the moment but&nbsp;is expected&nbsp;to reach profitability next year and expand its earnings. It&rsquo;s one of my favorite SaaS hypergrowth stocks to buy.



You&rsquo;re paying <a href="https://seekingalpha.com/symbol/BRZE/earnings/estimates">66 times 2027 earnings estimates</a>. That&rsquo;s&nbsp;mostly&nbsp;because analysts expect a sustained increase in EPS over the coming years that would justify the premium. When it comes to disruptive growth plays, investors must be willing to pay up for future potential.



I believe&nbsp;this company could take off this year as it has recently corrected by 30% from its February peak. The balance sheet here is stellar, with <a href="https://www.gurufocus.com/stock/BRZE/summary">$476 million in cash against $91 million in debt</a>. <a href="https://www.google.com/finance/quote/BRZE:NASDAQ">Q4 revenue growth at 32.7%</a> beat analyst estimates by 5.1%. EPS also beat by 15.5%.



Thus, if management can continue to execute and grow like this,&nbsp;I believe&nbsp;the stock could deliver 30-40% gains this year.&nbsp;After all, today&rsquo;s premium could be tomorrow&rsquo;s bargain for a genuine market disrupter.



<h2>Red Cat (RCAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/noc_northrop_grumman_drone_1600-300x169.png" alt="Szczecin,Poland-January 2022:Northrop Grumman RQ-4 Global Hawk taking off from an airfield equipped with drone control equipment.3D Illustration."><div>Source: Mike Mareen / Shutterstock.com</div></div>Drones have become very popular recently, especially in the past month. Red Cat (NASDAQ:<a href="https://investorplace.com/stock-quotes/rcat-stock-quote/">RCAT</a>) provides products, services, and solutions to the drone industry through its three wholly-owned subsidiaries.



The stock has gained over 104% in the past month as drone warfare dominated headlines last month. Drones are rapidly transitioning from novelties to indispensable tools on the modern battlefield. 



Drones have become an integral part of warfare now, and investing in drone pure-play companies is a very good idea before they land major defense contracts.



<a href="https://www.google.com/finance/quote/RCAT:NASDAQ">Revenue grew 250.7%</a> in the latest reported quarter. Analysts expect revenue to <a href="https://seekingalpha.com/symbol/RCAT/earnings/estimates">grow 86.4% this year and 89.4% to $35 million next year</a>. While profits remain elusive for now, revenue momentum is undeniable.



Profitability is still far away, but Red Cat Holdings has a good amount of cash at $16 million against $2 million in debt. The stock also hasn&rsquo;t seen much dilution for the past two and a half years, so this high risk, high reward hypergrowth play might be worth a closer look.



<h2>DroneShield (DRSHF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/tech1600a-300x169.jpg" alt="Image of hand touching globe with a city in the background, implying connectivity"><div>Source: Shutterstock</div></div>This is another drone company; I promise this is the last one! Unlike Red Cat, DroneShield&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/drshf-stock-quote/">DRSHF</a>) products are primarily for security purposes. It develops and sells drone detection and security technology. 



Their products include DroneGun Tactical, DroneGun Mk4, DroneGun Mk3, RfPatrol Mk2, DroneSentry-X, and DroneSentry. These tools disrupt drones and detect them.



The stock&rsquo;s performance has been stellar as well. DRSHF stock is up 169% in the past year and can climb significantly more going forward. 



It is already profitable. It delivered <a href="https://www.google.com/finance/quote/DRSHF:OTCMKTS">AUD 21.8 million in revenue</a> and AUD 6.1 million in net income in Q4, up 229.5% and 208.1%, respectively.This hypergrowth play is ahead of the pack, having already crossed into the black.



Paying five times forward sales for this growth feels very cheap, and&nbsp;I believe&nbsp;multibagger gains are still in the cards once more Wall Street investors learn about the company. You won&rsquo;t find many hypergrowth stocks to buy like DRSHF.



<h2>Xpeng (XPEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/xpeng-xpev-stock-1600-300x169.jpg" alt="Xpeng logo and P7 model in store XPEV stock"><div>Source: Andy Feng / Shutterstock.com</div></div>EV companies are in an awful environment. High interest rates have caused customers to pull back on big-ticket items, hurting EV sales volumes. 



However, many of these EV companies have been adapting to this trend, and some have even started to bottom out and stabilize. Xpeng (NYSE:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>) is one of them.



It&nbsp;is based&nbsp;out of&nbsp;China, so rate cuts&nbsp;haven&rsquo;t&nbsp;hit the company&nbsp;as&nbsp;hard.&nbsp;However, China&rsquo;s EV slowdown and slow export growth have hurt the company. It is also a loss-making company, much like most EV startups.



I am bullish because Xpeng&nbsp;is <a href="http://seekingalpha.com/symbol/XPEV/earnings/estimates">expected&nbsp;to significantly narrow its losses</a> in the coming years while expanding sales quickly. Analysts expect losses per share to narrow from $1.1 to 26 cents from 2024 to 2026. Revenue&nbsp;is expected&nbsp;to nearly double in the same period, from $6.9 billion to $12.9 billion.



The road may be bumpy in the near term, but this EV play could shift into a higher gear&nbsp;down the road.&nbsp;The risk-reward ratio seems very attractive here, even though this startup is nowhere close to being as stellar as Li Auto, for example.&nbsp;



It has a low break-even price point for the premium models at an estimated&nbsp;sum of&nbsp;195,000 CNY as of Q4. It also beat analysts by 3.9% on the top line and 47% on the bottom line in the latest reported quarter.&nbsp;The average Wall Street rating on the stock points to a <a href="https://www.tipranks.com/stocks/xpev/forecast">54% upside</a> in the next 12 months.



<h2>Sky Harbour Group (SKYH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/growth-dirt-100-bills-300x169.jpg" alt="Image of money growing out of dirt in a field on a sunny day, represents growth stocks"><div>Source: Shutterstock</div></div>Sky Harbour Group (NYSEMKT:<a href="https://investorplace.com/stock-quotes/skyh-stock-quote/">SKYH</a>) is a U.S. company that works with aviation infrastructure. They build, rent, and manage hangars for business aircraft. 



They also offer private hangars, offices, lounges, and parking. If you&rsquo;ve been reading my recent articles, I mentioned many times that the private aviation industry is seeing a boom in the post-COVID era. The friendly skies are calling for those&nbsp;with the means to&nbsp;bypass commercial air travel hassles.



This&nbsp;is due mainly to the pandemic not being relevant anymore, along with Trump&rsquo;s tax cuts allowing people to write their business jet expenses off their taxes as business expenses.



As such, Sky Harbour Group&nbsp;is expected&nbsp;to see&nbsp;huge&nbsp;growth. Analysts <a href="https://seekingalpha.com/symbol/SKYH/earnings/estimates">expect 2024 revenue to be&nbsp;at&nbsp;$16.6 million</a>, up 119.3%. They expect the momentum to continue, with 2028 revenue being $217.4 million.&nbsp;



This&nbsp;is a very new startup, and it&nbsp;obviously&nbsp;isn&rsquo;t profitable right now, but it&nbsp;is expected&nbsp;to see profits in 2027 and expand profits by nearly triple digits in 2028. While&nbsp;patience will be required, the long-term runway looks clear for takeoff. The stock has been up 58% in the past year.



<h2>D-Market (HEPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ecommerce1600d-min-300x169.jpg" alt="e-commerce stocks, Image of small shopping bags sitting in a shopping cart on a computer. Strong Buy E-Commerce Stocks"><div>Source: Shutterstock</div></div>D-Market (NASDAQ:<a href="https://investorplace.com/stock-quotes/heps-stock-quote/">HEPS</a>) is a Turkish e-commerce company. They sell&nbsp;a variety of&nbsp;goods, including electronics, books, toys, and more. 



The performance of this business has been stellar despite the shaky macroeconomic situation in Turkey. Turkey has <a href="https://tradingeconomics.com/turkey/inflation-cpi">failed to contain inflation</a>&nbsp;so far, despite a <a href="https://tradingeconomics.com/turkey/interest-rate">jumbo rate hike in March to 50%</a>. Even&nbsp;in the face of&nbsp;economic turbulence, this growth story has managed to soar.



HEPS stock has managed to gain 40% this year, with <a href="https://www.google.com/finance/quote/HEPS:NASDAQ">revenue growing 87.6% YOY</a>. Analysts <a href="https://seekingalpha.com/symbol/HEPS/earnings/estimates">expect $1.2 billion in revenue</a> with around 35% growth for&nbsp;all of&nbsp;2024, with EPS at 3 cents. However, they also expect EPS to jump to 7 cents next year, which means you&rsquo;re paying just 22 times forward earnings.



In 2023, total gross merchandise value <a href="https://markets.ft.com/data/announce/full?dockey=1330-1000931127en-4L06UC76I8K7LODKLCTCUPCGCH">increased from 88.9 billion TRY to 116.5 billion TRY</a>, which is a 31.1% increase year over year. 



GDP growth in Turkey has surprisingly been stable, fueled by robust spending, which&nbsp;in turn&nbsp;is likely&nbsp;fueled&nbsp;by high inflation expectations. The country saw 4.5% GDP growth last year. 



D-Market is also insulated from rate hikes since it has $248 million in cash against just $16 million in debt. Thus, it is one of the hypergrowth stocks I have solid conviction in.



<h2>Ouster (OUST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/financial-chart-graphic-fintech-1600-300x169.jpg" alt="Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech"><div>Source: shutterstock.com/whiteMocca</div></div>Ouster (NYSE:<a href="https://investorplace.com/stock-quotes/oust-stock-quote/">OUST</a>) supplies lidar technology,&nbsp;which is&nbsp;better than camera and radar technology for self-driving vehicles and robots. 



The drawback is that it is much more expensive. However, costs are coming down, and near-term performance has&nbsp;actually&nbsp;been quite stellar.



OUST stock is up 157% in the past year, with triple-digit revenue growth at 123.5%. As lidar costs come down and autonomous solutions increase significantly in the coming years, I expect this company to deliver multibagger gains.



While the road ahead has many twists and turns, the destination could be a pot of gold for risk-tolerant investors. However, Ouster is still a very high-risk, high reward play. The company saw $39 million in losses in just Q4 alone. 



Those losses&nbsp;are expected&nbsp;to narrow drastically in the coming years until Ouster reaches profitability in 2027, but you should&nbsp;still&nbsp;keep the risks in mind should anything go wrong.&nbsp;Ouster&nbsp;does <a href="https://www.gurufocus.com/stock/OUST/summary">have&nbsp;$190 million as a cash buffer</a>, so I remain optimistic&nbsp;here.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/05/7-hypergrowth-stocks-to-buy-before-they-take-off-this-year/">7 Hypergrowth Stocks to Buy Before They Take Off This Year</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Hypergrowth Stocks to Buy Before They Take Off This Year

RCAT, SMFL and NUVO among mid-day movers

AMST

AWIN

BNAI

BRZE

CSSE

CYCC

DRSHF

ELYM

FNCH

HEPS

IPDN

MLEC

MNDR

MULN

NIVF

NUVO

OPTT

OUST

PROP

RBBN

RILY

RVYL

SBFM

SKYH

SMFL

TCJH

WHLM

XPEV

Management

Press Releases

Retired Four-Star Army General Paul Edward Funk II Joins Red Cat's Board of Directors

Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update

Contracts

Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries

Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions

Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

Exploring Emerging Companies with Key Developments Garnering Attention: INBS, INVO, VTAK, RCAT, GCTK

Red Cat Successfully Passes Field Testing with Doodle Labs Against Electronic Warfare Technology in Ukraine

Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters

Global Military Drone Market Expected to Reach $18 Billion By 2028 as U.S. Government Plays Crucial Role in Military Drone Industry