Radiant Logistics Stock (AMEX:RLGT), Trade Ideas

Radiant Logistics

Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. The company has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.

News

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

AMBI

AVTX

AXLA

BIMI

BIOL

BNOX

CMND

EIGR

FWBI

GENI

HARP

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

IBEX

IMPL

IOVA

LXEH

MYTE

NBSE

NKLA

NVOS

Orchestra BioMed Holdings, Inc. - Ordinary Shares

OBIO

OKYO

PFSW

RLGT

RNAZ

SEZL

SLNH

SPPL

TCRT

UNIT

UPTD

VTLE

ZVSA

Gainers


	First Wave BioPharma, Inc. (NASDAQ: FWBI) shares jumped 89.5% to $0.8243 after the company announced license agreement for capeserod from Sanofi.


Why Clearmind Medicine Shares Are Trading Lower By 53%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Asia

ATSG

HUBG

SFWL

Key Takeaways:


	Shengfeng’s shares have risen sharply since their IPO, giving the company valuation ratios well ahead of its Chinese and global peers
	The company is the latest in a recent flurry of new listings by Chinese logistics providers, which may be attracting investors for their growth potential and relatively low risk




Shengfeng Drives Into Investor Fast Lane With Big Post-IPO Gains

Earnings

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Radiant Logistics Chats Value Creation On Earnings Call

Radiant Logistics Inc

Radiant Logistics, Inc. (NYSE American:&nbsp;RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired the operations of Viking Worldwide, Inc. ("Viking"), a Minnesota based, privately held company with operations in both Minneapolis, Minnesota and Houston, Texas that has operated under the Company's Service By Air brand since 2012. The Company structured the transaction similar to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations.
Founded in 1993, Viking services a diversified account base specializing in the high-tech, brand management, life-sciences, and trade show industries from its strategically located mid-west gateway location in metro Minneapolis/St. Paul. On a post-closing basis, Viking will continue to operate under the Service By Air brand and is expected to transition to the Radiant brand over the course of 2024 as Viking's Minneapolis operations combine with existing Company-owned operations in the area.&nbsp;
Mike Rothmeyer of Viking commented, "Through years of dedicated service, our entire team has developed some very strong relationships with our customers, vendors and associates around the globe. Our customers have always remained our top priority whether they were here in the United States or abroad and this philosophy has been key to our success. Since Radiant acquired Service By Air back in 2015 they have proved to be a great partner, providing us a much larger platform to support and grow our business. It has been rewarding to be a part of the building momentum of the Radiant network over the years and I am excited to now transition the business in a way that meets my own personal goals while also ensuring the continued success of our customers and employees. We look forward to flying the Radiant flag in both Minneapolis and Houston." Mr. Rothmeyer will continue as the Regional Director for the acquired operations in both Minneapolis and Houston.
"The Viking transaction represents another great example of our work with our strategic operating partners," remarked Radiant's Founder and CEO, Bohn Crain. "We launched Radiant in 2006 with the goal of partnering with logistics entrepreneurs who would benefit from our unique value proposition and the built-in exit strategy available to the entrepreneurs participating in our network. We are pleased to be able to support Mike in this transition and are excited for this next chapter with Mike and his entire team."

Radiant Logistics Acquires Strategic Operating Partner Viking Worldwide, Inc; Company Structured The Transaction Similar To Its Previous Transactions, With A Portion Of The Expected Purchase Price Payable In Subsequent Periods Based On The Future Performance Of The Acquired Operations

Radiant Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#NYSE">RLGT</a>), a technology-enabled global transportation and value-added logistics services company, today announced the continued expansion of its Service By Air ("SBA") network with a new location in San Antonio, Texas.&nbsp; The San Antonio operation will leverage Radiant's robust technology platform, purchasing power and global network to provide a comprehensive level of domestic, international and U.S.-Mexico cross-border freight forwarding and logistics services.
Mark and Rebecca Sweat will lead SBA-San Antonio and leverage their over 40 years of combined experience in servicing a diversified base of domestic and international customers with a focus on U.S.-Mexico trade lanes. "We are very excited to be joining Radiant and the SBA network," said Mr. Sweat. "We were looking for a strategic partner with the vision and resources to help us meet our own goals for growth. With Radiant, we believe we have found a unique opportunity to leverage our own strengths along with the capabilities of the Radiant network to bring additional value to our customers and we are delighted to be flying the Radiant/Service By Air flag here in South Texas."
"We are very proud to have Mark, Rebecca and their entire team join the Radiant/Service By Air network," remarked Radiant's Founder and CEO, Bohn Crain.&nbsp; "We remain committed to supporting logistics entrepreneurs like Mark and Rebecca, who help create the ultimate value that we bring to customers across the globe. Our strength, stability and resources provide our strategic partners the ideal platform to protect and grow their business. We have recently completed a significant upgrade to our SAP TM platform and continue to add new features to our proprietary customer portal. We are excited to be able to support them through this best-in-class technology to help them protect and grow their business through such a robust solution set. We welcome them and look forward to celebrating their continued success for years to come."

Radiant Logistics Announces Further Expansion Of Its Service By Air Network With New Operations In San Antonio, Texas

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) reported its Q2 earnings results on Thursday, February 8, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Radiant Logistics beat estimated earnings by 22.22%, reporting an EPS of $0.11 versus an estimate of $0.09.
Revenue was down $77.04 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.05 which was followed by a 0.52% increase in the share price the next day.
Here's a look at Radiant Logistics's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>0.12</td>
<td>0.11</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.13</td>
<td>0.17</td>
<td>0.21</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>231.69M</td>
<td>250.87M</td>
<td>263.85M</td>
<td>366.04M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>210.80M</td>
<td>232.22M</td>
<td>244.17M</td>
<td>278.12M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Radiant Logistics <a href="https://www.benzinga.com/quote/RLGT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Radiant Logistics Q2 Earnings

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.09 by 22.22 percent. The company reported quarterly sales of $201.08 million which missed the analyst consensus estimate of $221.25 million by 9.12 percent. This is a 27.70 percent decrease over sales of $278.12 million the same period last year.

Earnings Beats

Earnings Misses

Radiant Logistics Q2 2024 Adj EPS $0.11 Beats $0.09 Estimate, Sales $201.08M Miss $221.25M Estimate

AFRM

AIRC

APDN

ARES

AXTA

BILL

BIOX

CIGI

CIVB

CLSK

CPRI

CRIS

CTLP

CTRE

CYBR

DOCS

DXCM

EGAN

EMKR

EXPE

FARM

FLUX

FORR

GTES

IIIV

ILMN

IRMD

JRSH

KVUE

LADR

LITE

LIVE

LPTH

LQDT

LSPD

LTRX

LVWR

NGVC

OMCL

ONTO

PATK

PCTY

PEAK

PECO

PETS

PINE

PINS

PODC

Earnings Scheduled For February 8, 2024

&nbsp;Radiant Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#NYSE">RLGT</a>), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired Select Logistics, Inc. and Select Cartage, Inc. (collectively &quot;Select&quot;), both&nbsp;Doral, Florida&nbsp;based, privately held companies that have operated as part of the Company&#39;s Adcom Worldwide brand since 2007. The Company structured the transaction similar to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations.

Radiant Logistics Announces Acquisition Of Strategic Operating Partner Companies, Select Logistics And Select Cartage; Terms Not Disclosed

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.
Analysts estimate that Radiant Logistics will report an earnings per share (EPS) of $0.09. 
Radiant Logistics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 0.52% increase in the share price the next day.
Here's a look at Radiant Logistics's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>0.12</td>
<td>0.11</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.13</td>
<td>0.17</td>
<td>0.21</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.52%</td>
<td>-9.0%</td>
<td>-2.12%</td>
<td>6.93%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707332471_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Radiant Logistics were trading at $6.14 as of February 06. Over the last 52-week period, shares are up 7.37%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RLGT/earnings">To track all earnings releases for Radiant Logistics visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Radiant Logistics's Earnings

Disclosed in a recent SEC filing on February 6, Macomber, Chief Financial Officer at Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0001171155/000095017024011829//Archives/edgar/data/1171155/000095017024011829/0000950170-24-011829-index.htm">U.S. Securities and Exchange Commission</a> uncovered Macomber, Chief Financial Officer at Radiant Logistics, exercising stock options for 1,917 shares of RLGT. The total transaction was valued at $6,028.
The Wednesday morning market activity shows Radiant Logistics shares up by 0.08%, trading at $6.14. This implies a total value of $6,028 for Macomber's 1,917 shares.
<h3>Get to Know Radiant Logistics Better</h3>
Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. The company has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.
<h3>Financial Insights: Radiant Logistics</h3>
Decline in Revenue: Over the 3 months period, Radiant Logistics faced challenges, resulting in a decline of approximately -36.31% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 17.4%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Radiant Logistics's EPS is below the industry average. The company faced challenges with a current EPS of 0.06. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.31, Radiant Logistics adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 20.47, Radiant Logistics's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.31, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Radiant Logistics's EV/EBITDA ratio, lower than industry averages at 7.29, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001171155">Check Out The Full List Of Radiant Logistics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Notable Insider Move: Todd Macomber Takes Part In Options Exercise At Radiant Logistics

Radiant Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#NYSE">RLGT</a>), a technology-enabled global transportation and value-added logistics services company, today announced that its board of directors has authorized the repurchase of up to five million shares of the Company's common stock through December 31, 2025. As of December 1, 2023, the Company had 46,906,586 shares outstanding.
The share repurchases may occur from time-to-time through open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements. The Company expects to fund all purchases from existing cash balances, cash available under the Company's revolving credit facility and future cash flows from operations. The program allows the Company to repurchase its shares at its discretion. Market conditions, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence the timing of the purchases and the number of shares repurchased. The program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements, may be suspended or terminated at any time without prior notice.
Bohn Crain, Founder and CEO, said, "We believe the current share price does not adequately reflect Radiant's long-term growth prospects, and therefore, the repurchase of our shares could represent an excellent investment opportunity for both the Company and our shareholders."

Buybacks

Radiant Logistics Announces Renewal Of Its Stock Repurchase Program To Purchase Up To 5M Shares Of The Company's Common Stock Through December 31, 2025

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-09. Here's what investors need to know before the announcement.
Analysts estimate that Radiant Logistics will report an earnings per share (EPS) of $0.08. 
Radiant Logistics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 9.0% drop in the share price the next day.
Here's a look at Radiant Logistics's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.12</td>
<td>0.11</td>
<td>0.17</td>
<td>0.24</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.17</td>
<td>0.21</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-9.0%</td>
<td>-2.12%</td>
<td>6.93%</td>
<td>1.04%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699455655_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Radiant Logistics were trading at $5.75 as of November 07. Over the last 52-week period, shares are down 0.69%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RLGT/earnings">To track all earnings releases for Radiant Logistics visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Radiant Logistics

Radiant Logistics Acquires Operations Of Daleray Corporation; Terms Not Disclosed

<h3>Gainers</h3>
<ul>
<li>First Wave BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwbi#NASDAQ">FWBI</a>) shares jumped 89.5% to $0.8243 after the company announced license agreement for capeserod from Sanofi.</li>
<li>PFSweb, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfsw#NASDAQ">PFSW</a>) gained 48.3% to $7.43 after GXO Logistics announced it will acquire the company.</li>
<li>TradeUP Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uptd#NASDAQ">UPTD</a>) shares climbed 45.8% to $11.08.</li>
<li>Taseko Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgb#NYSE">TGB</a>) gained 22.3% to $1.59.</li>
<li>Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) shares gained 22% to $0.2730 after jumping 81% on Wednesday. Avalo Therapeutics recently agreed to divest AVTX-800 series.</li>
<li>NeuBase Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbse#NASDAQ">NBSE</a>) gained 20.3% to $1.48. Symetryx said on Sept. 13, 2023, sent an email to Neubase proposing a specific company as a potential merger candidate and will facilitate an introduction to this potential merger candidate if there is interest.</li>
<li>MYT Netherlands Parent B.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/myte#NASDAQ">MYTE</a>) jumped 15.4% to $4.3300 after the company reported fourth-quarter financial results.</li>
<li>Soluna Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slnh#NASDAQ">SLNH</a>) gained 13.4% to $0.2064 after reporting a narrower quarterly loss.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) jumped 13.4% to $0.9869. Nikola CEO Steve Girsky on Wednesday termed the several cases of fire reported with its battery electric trucks a &lsquo;setback&rsquo; and detailed the measures being undertaken to fix the issue.</li>
<li>Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) rose 11.9% to $8.84.</li>
<li>Alaunos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrt#NASDAQ">TCRT</a>) surged 11.4% to $0.1360.</li>
<li>Orchestra BioMed Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/obio#NASDAQ">OBIO</a>) jumped 11.1% to $5.72.</li>
<li>Eiger BioPharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eigr#NASDAQ">EIGR</a>) rose 10.4% to $0.4525. Eiger BioPharmaceuticals shares fell over 40% on Wednesday after the company announced its decision to discontinue the Phase 3 LIMT-2 study of peginterferon lambda in patients with chronic hepatitis delta.</li>
<li>Uniti Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/unit#NASDAQ">UNIT</a>) jumped 9.7% to $5.29.</li>
<li>Lixiang Education Holding Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeh#NASDAQ">LXEH</a>) shares climbed 8.1% to $0.3050.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) shares rose 6.2% to $0.9555.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvos#NASDAQ">NVOS</a>) shares jumped 5.7% to $0.4660. Novo Integrated Sciences disclosed that its IoNovo for Kids pure iodine oral spray was granted a registration number and regulatory approval by Turkey&#39;s Ministry of Health.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sezzle Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sezl#NASDAQ">SEZL</a>) shares fell 76% to $20.54.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) fell 53.4% to $0.1870. Clearmind Medicine announced pricing of $2.25 million public offering of 7.5 million shares at $0.30/share.</li>
<li>BIOLASE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biol#NASDAQ">BIOL</a>) fell 37.5% to $2.0360 after the company announced pricing of a $4.5 million underwritten public offering of Series J Convertible Redeemable Preferred Stock and warrants.</li>
<li>OKYO Pharma Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/okyo#NASDAQ">OKYO</a>) fell 22.7% to $1.53 in pre-market trading after the company announced a $4 million public offering of ordinary shares.</li>
<li>IBEX Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibex#NASDAQ">IBEX</a>) fell 21.4% to $14.26 after the company reported downbeat results for its fourth quarter and issued weak FY24 revenue outlook.</li>
<li>Bionomics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnox#NASDAQ">BNOX</a>) fell 20.6% to $1.42 after the company announced an update on its &alpha;7 Nicotinic Acetylcholine Receptor Positive Allosteric Modulator collaboration with Merck.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) declined 19.4% to $1.7074.</li>
<li>Harpoon Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/harp#NASDAQ">HARP</a>) dipped 19% to $5.30 after AbbVie decided not to exercise the exclusive license option for the HPN217 program.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zvsa#NASDAQ">ZVSA</a>) fell 18.1% to $0.1556.</li>
<li>Super League Enterprise, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sle#NASDAQ">SLE</a>) dipped 16.4% to $1.83.</li>
<li>Axcella Health Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axla#NASDAQ">AXLA</a>) fell 15.1% to $1.0101.</li>
<li>BIMI International Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bimi#NASDAQ">BIMI</a>) tumbled 14.8% to $1.61.</li>
<li>Impel Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/impl#NASDAQ">IMPL</a>) fell 14.4% to $0.6850 after jumping 45% on Wednesday.</li>
<li>PureCycle Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) shares fell 13.4% to $6.55.</li>
<li>Bionomics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnox#NASDAQ">BNOX</a>) shares fell 13.1% to $1.72.</li>
<li>Ivanhoe Electric Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ie#NYSE">IE</a>) fell 10.8% to $13.72 after the company priced its public offering of 11,851,852 common shares at $13.50 per share.</li>
<li>SIMPPLE LTD. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sppl#NASDAQ">SPPL</a>) fell 10.5% to $4.3789. SIMPPLE priced its initial public offering of 1.6 million ordinary shares at $5.25/share for total of $8.4 million.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iova#NASDAQ">IOVA</a>) declined 9.8% to $4.9005. The stock is falling on heavy volume Thursday morning with nearly 4 million shares exchanging hands, and fast approaching the trailing 100 day average volume of 4.8 million shares.</li>
<li>Radiant Logistics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rlgt#NYSE">RLGT</a>) declined 9.4% to $6.04 following weak quarterly sales.</li>
<li>CS Disco, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/law#NYSE">LAW</a>) fell 8.8% to $7.06. MoffettNathanson downgraded CS Disco from Outperform to Market Perform.</li>
<li>Ambipar Emergency Response (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ambi#NYSE">AMBI</a>) declined 7.4% to $8.66.</li>
<li>Genius Sports Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/geni#NYSE">GENI</a>) fell 7.4% to $5.59. Genius Sports announced pricing of secondary offering of 20 million shares at $5.35 per share by selling shareholder.</li>
<li>Vital Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vtle#NYSE">VTLE</a>) shares fell 5.8% to $55.54 after the company announced public offering of 2.5 million shares of its common stock and also plans offering of senior notes.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34582168/ethereum-tops-this-key-level-following-ppi-data-hedera-emerges-as-top-gainer"> Ethereum Tops This Key Level Following PPI Data; Hedera Emerges As Top Gainer</a>

Why Clearmind Medicine Shares Are Trading Lower By 53%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares moved upwards by 7.7% to $0.43 during Wednesday's after-market session. The company's market cap stands at $25.4 million. As per the press release, Q1 earnings came out today. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) shares increased by 7.73% to $0.48. The market value of their outstanding shares is at $5.9 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) stock moved upwards by 6.66% to $0.22. AgEagle Aerial Sys's trading volume hit 242.0K shares by close, accounting for 16.1% of its average volume over the last 100 days. The company's market cap stands at $24.5 million. </li>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) shares increased by 6.44% to $0.3. The company's market cap stands at $9.8 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares rose 5.83% to $1.27. The market value of their outstanding shares is at $51.8 million. </li>
<li>Ultralife (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULBI#NASDAQ">ULBI</a>) shares rose 5.21% to $10.49. The company's market cap stands at $169.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) shares declined by 6.9% to $6.21 during Wednesday's after-market session. The company's market cap stands at $295.4 million. As per the news, the Q4 earnings report came out today. </li>
<li>FiscalNote Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) shares fell 4.85% to $2.16. The market value of their outstanding shares is at $278.3 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares fell 4.07% to $1.89. The market value of their outstanding shares is at $92.8 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock decreased by 2.77% to $0.13. The company's market cap stands at $7.9 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares fell 2.75% to $0.72. This security traded at a volume of 72.0K shares come close, making up 86.2% of its average volume over the last 100 days. The market value of their outstanding shares is at $10.7 million. </li>
<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) shares decreased by 2.31% to $1.27. The company's market cap stands at $280.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AWIN

EVTL

GWAV

ISUN

MESA

NOTE

OPTT

PIXY

SRFM

UAVS

ULBI

12 Industrials Stocks Moving In Wednesday's After-Market Session

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.12 by 16.67 percent. This is a 65 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $232.22 million which missed the analyst consensus estimate of $250.87 million by 7.43 percent. This is a 41.74 percent decrease over sales of $398.61 million the same period last year.

Radiant Logistics Q4 Adj $0.14 Beats $0.12 Estimate, Sales $232.22M Miss $250.87M Estimate

<h3>Gainers</h3>
<ul>
<li>Jayud Global Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) stock rose 11.8% to $2.46 during Wednesday's pre-market session. The company's market cap stands at $52.5 million. </li>
<li>Urban-gro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) stock rose 9.44% to $1.39. The company's market cap stands at $16.2 million. </li>
<li>REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) stock rose 8.61% to $13.99. The market value of their outstanding shares is at $832.3 million. As per the press release, Q3 earnings came out today. </li>
<li>Electriq Power Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELIQ#NYSE">ELIQ</a>) stock moved upwards by 7.81% to $2.76. The company's market cap stands at $105.2 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock increased by 7.7% to $0.43. The company's market cap stands at $25.4 million. As per the press release, Q1 earnings came out today. </li>
<li>Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) stock rose 5.96% to $6.93. The market value of their outstanding shares is at $329.7 million. The company's, Q4 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) stock decreased by 37.0% to $0.37 during Wednesday's pre-market session. The company's market cap stands at $43.5 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) stock fell 7.38% to $0.88. The market value of their outstanding shares is at $23.2 million. </li>
<li>Astra Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTR#NASDAQ">ASTR</a>) shares decreased by 5.61% to $0.2. The company's market cap stands at $56.3 million. </li>
<li>Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) stock fell 5.13% to $0.34. The market value of their outstanding shares is at $59.2 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares fell 4.85% to $1.57. The market value of their outstanding shares is at $77.1 million. </li>
<li>Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) shares declined by 4.4% to $0.87. The market value of their outstanding shares is at $17.9 million. As per the news, the Q2 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASTR

ELIQ

GLBS

KULR

LICN

REVG

UGRO

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

<h3>Companies Reporting Before The Bell</h3>
&bull; Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) is likely to report quarterly earnings at $1.61 per share on revenue of $842.61 million.
&bull; Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $6.20 million.
&bull; REV Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $627.16 million.
&bull; SelectQuote (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) is estimated to report quarterly loss at $0.29 per share on revenue of $181.41 million.
&bull; WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $1.40 billion.
&bull; Burford Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUR#NYSE">BUR</a>) is expected to report earnings for its first quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Research Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSSS#NASDAQ">RSSS</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $9.70 million.
&bull; Champions Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSBR#NASDAQ">CSBR</a>) is projected to report quarterly loss at $0.10 per share on revenue of $13.06 million.
&bull; Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) is estimated to report quarterly loss at $0.17 per share on revenue of $33.54 million.
&bull; Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $250.87 million.
&bull; Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $237.42 million.
&bull; Streamline Health Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRM#NASDAQ">STRM</a>) is expected to report quarterly loss at $0.05 per share on revenue of $5.99 million.
&bull; MIND Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $9.20 million.
&bull; IBEX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBEX#NASDAQ">IBEX</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $125.81 million.
&bull; Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) is likely to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CBRL

CODA

CSBR

WisdomTree Trust International LargeCap Dividend

IREN

MIND

RSSS

SLQT

SMTC

STRM

Earnings Scheduled For September 13, 2023

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-09-13. Here's what investors need to know before the announcement.
Analysts estimate that Radiant Logistics will report an earnings per share (EPS) of $0.12. 
Radiant Logistics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 2.12% drop in the share price the next day.
Here's a look at Radiant Logistics's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.11</td>
<td>0.17</td>
<td>0.24</td>
<td>0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.17</td>
<td>0.21</td>
<td>0.27</td>
<td>0.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.12%</td>
<td>6.93%</td>
<td>1.04%</td>
<td>2.23%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1694527268_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Radiant Logistics were trading at $6.74 as of September 11. Over the last 52-week period, shares are down 2.98%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RLGT/earnings">To track all earnings releases for Radiant Logistics visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Radiant Logistics

<h4>Key Takeaways:</h4>
<ul>
<li>Shengfeng&rsquo;s shares have risen sharply since their IPO, giving the company valuation ratios well ahead of its Chinese and global peers</li>
<li>The company is the latest in a recent flurry of new listings by Chinese logistics providers, which may be attracting investors for their growth potential and relatively low risk</li>
</ul>
By Christina Pantin
They may not sound sexy, evoking images of big-rig trucks and warehouses stacked high with pallets of boxes waiting for delivery. But logistics companies are suddenly driving onto the investor roadmap, becoming the latest flavor of the day for China stock buyers.
Maybe it&rsquo;s their relative lack of controversy, since such companies don&rsquo;t handle the types of sensitive information that have raised concerns from Beijing for Chinese companies listing abroad. Or perhaps it&rsquo;s the end of China&rsquo;s tough Covid restrictions that severely crimped many logistics companies&rsquo; operations last year. And there&rsquo;s also China&rsquo;s booming e-commerce sector, which saw more than 100 billion parcels delivered domestically last year alone.
Whatever the reason,&nbsp;Shengfeng Development Ltd.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfwl#NASDAQ">SFWL</a>) is one of the latest to cash in on the logistics craze in its brief time as a listed company on the Nasdaq. The company&rsquo;s shares have more than doubled in the three months since its trading debut, including a 36% gain on Monday.
The big gains&nbsp;<a href="https://www.prnewswire.com/news-releases/shengfeng-development-limited-announces-pricing-of-initial-public-offering-301787066.html">followed a modest IPO</a>&nbsp;in March that raised about $10 million, making Shengfeng one of the few Chinese companies to go public in the U.S. this year.
Here, we should point out that companies with low public floats do tend to see this kind of sharper movements in their stock prices due to scarcity of shares for trading. The company&rsquo;s float is relatively low at just 8.18% of its total shares. By comparison, global peers&nbsp;Hub Group&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubg#NASDAQ">HUBG</a>)&nbsp;Radiant Logistics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rlgt#NYSE">RLGT</a>) and&nbsp;Air Transport Services Group&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atsg#NASDAQ">ATSG</a>) have much bigger floats of anywhere from 78% to as much as 97%.
Notably, Shengfeng has no institutional investors, according to the latest publicly available data, in contrast to the three other peers.
Established in 2001, Shengfeng has found a comfortable niche in the B2B logistics space, steering clear of the bigger-volume but extremely competitive 2C space providing services to consumers. It has built up a three-pronged business comprising B2B freight transportation, cloud storage and value-added services, covering 341 cities in 31 provinces.
With the rise of e-commerce, alongside China&rsquo;s role as the factory to the world, the importance of logistics and other supply chain-related services have become critical industries both domestically and for international delivery of goods. According to third-party data cited in Shengfeng&rsquo;s prospectus, China&rsquo;s independent B2B contract logistics market was expected to grow from 832 million yuan ($115 million) in 2019 to 1.23 billion yuan by next year.
Investor site Simply Wall St noted Shengfeng&rsquo;s &ldquo;highly volatile share price over the past three months.&rdquo; But it gave a positive ranking to the company&rsquo;s fundamentals, including debt level, the quality of earnings and profit margins. The company employs more than 1,500.
<h3>Logistics Pipeline</h3>
Shengfeng is just one of several Chinese logistics companies testing out the IPO market this year, despite an anemic year for new listings in general. This week we also brought you&nbsp;<a href="https://thebambooworks.com/jt-global-express-game-changer-or-just-a-rabble-rouser/">the story of J&amp;T Global Express</a>, a larger, more aggressive player that has filed for a Hong Kong IPO with an aim of becoming one of China&rsquo;s top three delivery companies just eight years after its founding.
And e-commerce giant Alibaba is preparing to spin off its Cainiao logistics unit, most likely for a separate listing, as part of its high-profile plan to break itself up into six companies covering each of its major businesses.
Both of those deals are expected to raise $1 billion or more.
Despite the market&rsquo;s big potential, Shengfeng&rsquo;s revenue isn&rsquo;t growing particularly fast. The company logged $370 million in revenue last year, up just 6.8% from the $347 million it recorded in 2021. The vast majority of that revenue, about 94%, comes from transportation services, with most of the rest from warehousing services.
Its profit grew by a higher 18% to $7.8 million last year from $6.6 million in 2021. The company counts big names like Xiaomi, Schneider Electric, SF Express, Bright Dairy and CATL among its customers. &nbsp;
Shengfeng&rsquo;s transportation volume totaled 3.5 million tons in the first six months of last year, up 18.6% from the same period a year earlier. It did not provide full-year figures. The company had the equivalent of $23.3 million in cash in its coffers at the end of last year, meaning the IPO would have raised that amount to more than $30 million.
Shengfeng has wasted little time putting some of the new funds from its IPO to use, announcing earlier this month that it purchased 16 electric heavy-duty trucks worth a total of $1.55 million. The company said it would also build battery swapping stations in its regional sorting centers, cloud-based order fulfillment centers, and service outlets, to better serve its electric vehicles.
The move to such green energy vehicles is one of China&rsquo;s big priorities as it tries to clean up the country&rsquo;s air and meet its carbon emissions reduction targets. Both companies and consumers have answered Beijing&rsquo;s call to action, partly spurred by government incentives and also to sync with government priorities that often helps to grease the wheels of business.
&ldquo;Shengfeng will follow the trend by utilizing green energy to reduce logistics costs, while also striving to make contributions to energy conservation, emissions reduction, and environmental protection,&rdquo; said Chairman Liu Yongxu of the electric truck purchases.
Shengfeng&rsquo;s strong debut contrasts sharply with the weaker recent performance for its global peers. Air Transport is currently down by nearly half from its 52-week high, while Hub Group and Radiant Logistics are down by a milder 26% and 18%, respectively. Followers of Shengfeng consider sentiment on the stock to be &ldquo;bullish&rdquo;, according to a sentiment chart on Investing.com.
That bullish sentiment shows up in the company&rsquo;s price-to-earnings (P/E) ratio, which stands at a lofty 92, based on its profit last year. Hub Group trades at a ratio of 8, while Radiant and Air Transport Services trade at around 10. Shengfeng also boasts a high price-to-sales (P/S) ratio of 2.16, much more than the 0.65 for Air Transport, 0.26 for Radiant and 0.49 for Hub Group.
Chinese logistics giants&nbsp;S.F. Holding&nbsp;(002352.SZ) and&nbsp;ZTO Express&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zto#NYSE">ZTO</a>) trade a bit higher than the American companies with P/E multiples of about 32 and 20. Still, even those numbers are well below Shengfeng&rsquo;s, leading one to wonder if perhaps this New York newcomer&rsquo;s shares are perhaps slightly overpriced after their post-IPO run-up.&nbsp;

Radiant Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#NYSE">RLGT</a>), a technology-enabled global transportation and value-added logistics services company, today announced the continued expansion of its Service By Air (&quot;SBA&quot;) Network with a new location in&nbsp;Boston, Massachusetts.&nbsp; The&nbsp;Boston&nbsp;operation will leverage Radiant&#39;s robust technology platform, purchasing power and global network to provide a comprehensive level of domestic and international freight forwarding and logistics services.
With over 27years of experience,&nbsp;David Naman&nbsp;will lead SBA-Boston servicing a diversified base of domestic and international customers.&nbsp; &quot;We are very excited to be joining the Radiant/SBA Network,&quot; said Naman. &quot;As a people and service-oriented group, it is important that we align ourselves with an organization that has the people, process and technology to help us to meet and exceed our customers&#39; expectations. For us, the Radiant Network matches our needs perfectly and we are delighted to be flying the Radiant/SBA flag here in&nbsp;Boston.&quot;
&quot;We are very proud to have David and the entire&nbsp;Boston&nbsp;team joining us,&quot; remarked Radiant&#39;s Founder and CEO,&nbsp;Bohn Crain.&nbsp; &quot;Their expertise, particularly in supporting the Medical &amp; Bio Tech, Military and &nbsp;Electronics &amp; High-Tech verticals&nbsp; is a perfect fit for our network. We remain committed to our strategic operating partners and supporting logistics entrepreneurs like David, who are passionate about providing exceptional service to customers both here at home and around the world. Our strength and stability provide our strategic partners the ideal platform to protect and grow their business. We are excited to support David and his team with a dedicated network and complete toolbox of resources including the recently completed upgrade of our SAP TM operating platform. We welcome them and look forward to celebrating their continued success for years to come.&quot;
About Service By Air
Service By Air (<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3882238-1&amp;h=1831090760&amp;u=http%3A%2F%2Fwww.sbaglobal.com%2F&amp;a=www.sbaglobal.com" target="_blank">www.sbaglobal.com</a>), founded in 1972, is a member of the Radiant family of companies and provides worldwide transportation and logistics services through a network of approximately 100 company-owned and exclusive agent offices across North America.&nbsp; The company services a diversified account base that includes manufacturers,&nbsp;distributors and government agencies, using a network of independent carriers and international agents positioned strategically around the world.&nbsp; To learn more about how to join the Service By Air Network please contact&nbsp;Tim O&#39;Brien, SVP and General Manager at (305) 495-8669.

Radiant Logistics Announces Further Expansion Of Service By Air Network With New Operations In Boston, Massachusetts

Radiant Logistics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RLGT#AMEX">RLGT</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.11 by 54.55 percent. This is a 50 percent decrease over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $244.17 million which missed the analyst consensus estimate of $263.85 million by 7.46 percent. This is a 47.02 percent decrease over sales of $460.90 million the same period last year.

Radiant Logistics Q3 EPS $0.17 Beats $0.11 Estimate, Sales $244.17M Miss $263.85M Estimate

In a report released today, Mark Argento from Lake Street maintained a Buy rating on Radiant Logistics (RLGT – Research Report), with a price targe...

Radiant Logistics (RLGT) Gets a Buy from Lake Street

Radiant Logistics Non-GAAP EPS of $0.11 misses by $0.01, revenue of $201.1M misses by $21.4M

Radiant Logistics, Inc. (RLGT) Q2 2024 Earnings Call Transcript

In a report released today, Jason Seidl from TD Cowen reiterated a Buy rating on Radiant Logistics (RLGT – Research Report), with a price target of...

Buy Rating Affirmed: Strategic Acquisitions and Resilience Fuel Radiant Logistics' Growth Prospects

Radiant Logistics announces expansion of its service by air network with new operations in Texas

Radiant Logistics Inc (RLGT) is near the top in its industry group according to InvestorsObserver. RLGT gets an overall rating of 59. That means it scores higher than 59 percent of stocks. Radiant Logistics Inc gets a 89 rank in the Integrated Freight and Logistics industry. Integrated Freight and Logistics is number 96 ou

Is Radiant Logistics Inc (RLGT) a Good Choice in Integrated Freight & Logistics Wednesday?

Radiant Logistics: Cheap At 8.5x EV/EBITDA In A Tough Market (Rating Upgrade)

Radiant Logistics Inc (RLGT) is near the top in its industry group according to InvestorsObserver. RLGT gets an overall rating of 42. That means it scores higher than 42 percent of stocks. Radiant Logistics Inc gets a 76 rank in the Integrated Freight and Logistics industry. Integrated Freight and Logistics is number 124 o

Should You Buy Radiant Logistics Inc (RLGT) in Integrated Freight & Logistics Industry?

Radiant Logistics acquires operating partner Viking Worldwide

There's a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Radiant Logistics (RLGT – Research Report) and...

Analysts Are Bullish on These Industrial Goods Stocks: Radiant Logistics (RLGT), KBR (KBR)

Press Releases

RADIANT LOGISTICS ACQUIRES OPERATIONS OF STRATEGIC OPERATING PARTNER DALERAY CORPORATION

RADIANT LOGISTICS ANNOUNCES RENEWAL OF ITS STOCK REPURCHASE PROGRAM

RADIANT LOGISTICS PROMOTES JAIME BECKER TO GENERAL COUNSEL

RADIANT LOGISTICS TO HOST INVESTOR CALL TO DISCUSS FINANCIAL RESULTS FOR SECOND FISCAL QUARTER ENDED DECEMBER 31, 2023

RADIANT LOGISTICS ACQUIRES STRATEGIC OPERATING PARTNER COMPANIES SELECT LOGISTICS, INC. AND SELECT CARTAGE, INC.

RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER ENDED DECEMBER 31, 2023

RADIANT LOGISTICS ANNOUNCES FURTHER EXPANSION OF ITS SERVICE BY AIR NETWORK WITH NEW OPERATIONS IN SAN ANTONIO, TEXAS

RADIANT LOGISTICS ACQUIRES STRATEGIC OPERATING PARTNER VIKING WORLDWIDE, INC.

IT'S THE NETWORK THAT DELIVERS: RADIANT RECOGNIZED AS A TOP 100 LOGISTICS AND TOP 100 FREIGHT BROKERAGE PROVIDER FOR 2024

Air T

Air Transport Services Group, Inc - Common Stock

Air Transport Services Gr