Team (NYSE:TISI) Stock, Quote.Headers.trade-ideas

Team

Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in refining, petrochemicals, and others. The company operates in two segments namely Inspection and Heat Treating Group and Mechanical Services Group. Inspection and Heat Treating Group provides non-destructive testing services for the process, pipeline and power sectors and others. The Mechanical Services Group provides call-out and turnaround services under both on-stream and shut down circumstances.

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TISI

Team, Inc. (NYSE: TISI) delivered mixed second-quarter 2024 financial results, characterized by margin expansion despite a decline in revenues.

Team Earnings Increase Y/Y in Q2, Revenues Decline

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Shares of  Tilray Brands, Inc. (NASDAQ: TLRY) fell sharply during Tuesday’s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free 

Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Team Inc

Team, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tisi#NYSE">TISI</a>) delivered mixed second-quarter 2024 financial results, characterized by margin expansion despite a decline in revenues.
The company&#39;s focus on cost-cutting and efficiency improvements helped mitigate the impacts of decreased activity in its key business segments &mdash; Inspection and Heat Treating (&quot;IHT&quot;) and Mechanical Services (&quot;MS&quot;).
While revenues fell 4.5% year over year, enhanced margins and disciplined expense management enabled Team to narrow its net loss and improve operating income, highlighting the effectiveness of its strategic initiatives amid a challenging market environment.
<div class="chart_embed">
<h3>Team, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Team, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/87/1723472350.png" style="height:265px; width:574px" title="" />
Team, Inc. price-consensus-eps-surprise-chart | Team, Inc. Quote
</div>
<h3>Q2 Results</h3>
TISI reported second-quarter 2024 loss per share of 45 cents, narrower than a loss of $2.55 in the year-ago quarter.
The company generated revenues of $228.6 million, marking a 4.5% decline from the prior-year quarter&#39;s $239.5 million.
Strong quarterly earnings were driven by lower operating expenses and enhanced margins across several regions. The positives were partially offset by decreased revenues in the MS and IHT segments, down 6% and 3% year over year, respectively. Specifically, the MS segment experienced a revenue drop due to lower project activity and timing issues, whereas the IHT segment&#39;s revenue fell due to reduced activity in Canada and international markets.
<h3>Segmental Performances</h3>
Team&#39;s second-quarter 2024 results reflect mixed performances across its IHT and MS business segments.
IHT: The segment reported revenues of $113.2 million, a 3% decline from $116.7 million in the same prior-year period. The revenue drop was mainly caused by a $5.4-million decrease in Canada&#39;s nested and turnaround services, and a $0.7-million decline in other international regions. However, these decreases were partially offset by a revenue increase in U.S. operations, which performed well.
Despite the revenue decline, the segment&#39;s operating income surged 90.3% to $12.5 million from $6.5 million in the prior-year quarter. This significant improvement was driven by cost reductions across all regions and better margins in U.S. operations.
MS: The segment experienced a more substantial revenue decline of 6% to $115.4 million from $122.8 million in the second quarter of 2023. This decrease was primarily led by lower project activity in the United States, Canada and other international regions.
Consequently, the segment&#39;s operating income dropped 16.4% to $10.6 million from $12.7 million in the prior-year period. The decline in operating income was mainly attributed to reduced earnings from international and Canada operations, partially offset by a modest increase in U.S. operations.
<h3>Profitability</h3>
Operating income showed a positive trend, increasing to $11.2 million from $4.6 million in second-quarter 2023.
Team managed to improve its gross margin by 240 basis points to 27.8%, translating to a $2.6-million increase to $63.6 million. This improvement was driven by higher-margin projects, better pricing and the company&#39;s ongoing cost-reduction initiatives. The adjusted EBITDA rose 25% year over year to $21.8 million (representing 9.5% of revenues) from 7.3% in the prior-year period.
The company significantly narrowed its net loss to $2.8 million from the $15.8 million net loss recorded in second-quarter 2023. This positive shift was mainly led by lower operating expenses and enhanced margins across several regions.
<h3>Expense Analysis</h3>
TISI made significant strides in reducing its expenses in the second quarter of 2024. Total operating expenses were $165.1 million, down 7.6% from $178.6 million in the prior-year period. This reduction was primarily driven by the company&#39;s ongoing cost-cutting initiatives aimed at enhancing operational efficiency and improving margins.
Selling, general, and administrative (SG&amp;A) expenses decreased 7% to $52.4 million from $56.3 million in second-quarter 2023. The decline in SG&amp;A expenses was driven by lower professional fees and overall cost reductions, underscoring the company&#39;s disciplined approach to managing its overhead costs.
<h3>Cash &amp; Debt</h3>
As of Jun 30, 2024, Team reported total liquidity of $40.1 million, which includes $17.9 million in cash and cash equivalents, and $22.2 million in undrawn availability under its credit facilities. This represents a decrease from $35.4 million in cash and cash equivalents at the end of 2023.
The company&#39;s total debt increased to $320.1 million, up from $311.4 million at the end of 2023. The rise in debt was primarily due to $6.4 million of paid-in-kind interest during the period and the addition of a new equipment finance facility in March 2024. Consequently, Team&#39;s net debt &mdash; defined as total debt less cash and cash equivalents &mdash; stood at $297.6 million as of Jun 30, 2024.
<h3>Management Guidance</h3>
TISI reiterated its 2024 guidance. It projects revenues between $850 million and $900 million, with a gross margin between $235 million and $265 million. The company also reaffirmed its adjusted EBITDA guidance of $58-$68 million, anticipating a 48% improvement at the midpoint from that reported in 2023. This guidance underscores the company&#39;s confidence in sustaining margin expansion and top-line growth through continued cost discipline and targeted commercial initiatives.
<h3>Other Developments</h3>
In the second quarter, Team launched several targeted commercial initiatives aimed at driving revenue growth within its core markets and expanding into new segments such as aerospace and midstream. These efforts included the strategic addition of senior operations leaders dedicated to these sectors, with early successes noted in the aerospace market. The company&#39;s state-of-the-art aerospace facility in Cincinnati reported a 46% year-over-year revenue increase, reflecting strong demand and the benefits of recent investments to enhance capacity.
TISI&#39;s strategic focus on improving its job mix and growing higher-margin service lines is expected to contribute positively to its financial performance, positioning the company for continued growth in the second half of 2024.
<a href="https://www.zacks.com/stock/news/2320903/team-tisi-earnings-increase-y-y-in-q2-revenues-decline?cid=CS-BENZ-FT-analyst_blog|earnings_article-2320903">To read this article on Zacks.com click here.</a>

2024 Outlook
The Company reaffirms the following operating and cash flow guidance for the 2024 fiscal year:
<ul>
<li>Total Company Revenue of $850 million to $900 million</li>
<li>Gross Margin of between $235 million and $265 million</li>
<li>Adjusted EBITDA of between $58 million and $68 million</li>
<li>Capital expenditures of between $9 million to $11 million</li>
</ul>

Team Reaffirms Guidance

Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) reported quarterly losses of $(0.45) per share. This is a 82.35 percent increase over losses of $(2.55) per share from the same period last year. The company reported $228.62 million in sales this quarter. This is a 4.54 percent decrease over sales of $239.49 million the same period last year.

Team Q2 Adj $(0.45) Up From $(2.55) YoY, Sales $228.62M Down From $239.49M YoY

<h3>Gainers</h3>
<ul>
<li>MingZhu Logistics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) stock rose 32.3% to $0.45 during Monday's regular session. The company's market cap stands at $16.6 million. </li>
<li>Ambipar Emergency (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMBI#AMEX">AMBI</a>) shares rose 25.07% to $4.44. The company's market cap stands at $246.1 million. </li>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares increased by 17.16% to $2.73. The market value of their outstanding shares is at $81.4 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) stock increased by 15.42% to $7.08. The company's market cap stands at $318.2 million. </li>
<li>Stericycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRCL#NASDAQ">SRCL</a>) stock moved upwards by 14.84% to $59.19. The market value of their outstanding shares is at $5.4 billion. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) shares increased by 12.66% to $0.57. The market value of their outstanding shares is at $6.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 23.2% to $0.86 during Monday's regular session. The market value of their outstanding shares is at $4.5 million. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock declined by 15.12% to $7.28. The company's market cap stands at $32.1 million. </li>
<li>Wheels Up Experience (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares decreased by 13.95% to $2.31. The company's market cap stands at $1.6 billion. </li>
<li>Nano Nuclear Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) stock fell 12.52% to $6.54. The market value of their outstanding shares is at $189.2 million. </li>
<li>Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) stock declined by 12.18% to $118.25. The company's market cap stands at $6.0 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) stock declined by 11.25% to $1.06. The market value of their outstanding shares is at $31.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's Intraday Session

Although U.S. stocks closed lower on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Citi Trends</h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC <a href="https://www.benzinga.com/quote/CTRN/analyst-ratings">acquired a total of 50,406 shares</a> at an average price of $22.27. To acquire these shares, it cost around $1.12 million.</li>
<li>What's Happening: On March 19, Citi Trends reported worse-than-expected fourth-quarter financial results.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
<h3 class="wp-block-heading">Shift4 Payments</h3>
<ul>
<li>The Trade: Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) Chairman and CEO Jared Isaacman acquired a total of 39,135 shares at an average price of $64.04. To acquire these shares, it cost around $2.51 million.</li>
<li>What's Happening: On May 9, Shift4 Payments reported first-quarter financial results and issued guidance.</li>
<li>What Shift4 Payments Does: Shift4 Payments Inc is provider of integrated payment processing and technology solutions.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Team</h3>
<ul>
<li>The Trade: Team, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) 10% owner Corre Horizon II Fund, LP <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,353 shares</a> at an average price of $7.05. To acquire these shares, it cost around $73,036.</li>
<li>What's Happening: On May 14, Team posted a narrower adjusted loss for the first quarter.</li>
<li>What Team Does: Team Inc is a provider of specialty industrial services, including inspection, engineering assessment and mechanical repair and remediation required in maintaining high temperature and high-pressure piping systems and vessels that are utilized in refining, petrochemicals, and others.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38984458/top-5-tech-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month</a>

Team Sees FY24 Total Company Revenue $850M-$900M

Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) reported quarterly losses of $(3.33) per share. This is a 36.45 percent increase over losses of $(5.24) per share from the same period last year. The company reported $199.60 million in sales this quarter. This is a 1.32 percent decrease over sales of $202.28 million the same period last year.

Team Q1 Adj $(3.33) Up From $(5.24) YoY, Sales $199.60M Down From $202.28M YoY

<h3>Gainers</h3>
<ul>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock moved upwards by 61.5% to $5.2 during Friday's regular session. The market value of their outstanding shares is at $3.7 million. </li>
<li>IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) stock rose 23.81% to $169.45. The company's market cap stands at $3.4 billion. As per the press release, Q2 earnings came out today. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock moved upwards by 18.96% to $7.15. The company's market cap stands at $31.5 million. </li>
<li>Paylocity Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) shares increased by 16.32% to $174.03. The market value of their outstanding shares is at $9.8 billion. The company's, Q3 earnings came out yesterday. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) shares increased by 13.66% to $0.53. The company's market cap stands at $66.5 million. </li>
<li>MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) shares moved upwards by 13.06% to $102.89. The market value of their outstanding shares is at $8.1 billion. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) shares decreased by 24.7% to $1.28 during Friday's regular session. The company's market cap stands at $14.6 million. </li>
<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) shares declined by 21.5% to $1.5. The company's market cap stands at $242.2 million. The company's, Q1 earnings came out yesterday. </li>
<li>Custom Truck One Source (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTOS#NYSE">CTOS</a>) shares declined by 17.25% to $4.05. The market value of their outstanding shares is at $976.5 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Terran Orbital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLAP#NYSE">LLAP</a>) stock declined by 17.06% to $1.07. The market value of their outstanding shares is at $216.0 million. </li>
<li>Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) shares declined by 11.44% to $7.05. The market value of their outstanding shares is at $181.6 million. The company's, Q1 earnings came out yesterday. </li>
<li>YY Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) stock declined by 10.37% to $1.99. The company's market cap stands at $68.5 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.

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12 Industrials Stocks Moving In Friday's Intraday Session

Shares of Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) fell sharply during Tuesday&rsquo;s session after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free <a href="https://www.benzinga.com/markets/cannabis/24/04/38160302/cannabis-giant-tilray-reports-30-yoy-increase-in-q3-net-revenue-updates-fy-2024-guidance">cash flow for the full fiscal year 2024</a>.
Tilray Brands reported financial results on Tuesday for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. Net loss decreased to $105 million in the third quarter compared to a net loss of $1.2 billion in the prior year quarter.
Tilray Brands shares dipped 22.2% to $2.0152 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Laser Photonics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lase#NASDAQ">LASE</a>) shares climbed 168% to $3.82 after the company announced it secured an order for its LaserTower COMPACT marking and engraving system from L3Harris Technologies.</li>
<li>BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsgm#NASDAQ">BSGM</a>) shares surged 123% to $2.77 after jumping over 96% on Monday.</li>
<li>Mobile Global Esports Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgam#NASDAQ">MGAM</a>) jumped 100% to $0.2440.</li>
<li>Acrivon Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acrv#NASDAQ">ACRV</a>) climbed 62.4% to $9.60. The company announced a $130 million private placement financing.</li>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) gained 47% to $0.0588. Selina management reaffirmed its confidence in its strategy and highlighted alignment with shareholders through equity ownership in the company.</li>
<li>MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>) shares jumped 37.3% to $4.15 after falling 22% on Monday. On April 4, an SEC filing showed Standard General L.P. reported a 95.2% stake in the company, as of April 1.</li>
<li>Motorsport Games Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msgm#NASDAQ">MSGM</a>) surged 34% to $2.73.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) gained 29% to $2.02 after the company announced that it secured an order for its AI-powered Switch Yard System from a Class 1 freight rail company in North America.</li>
<li>Anghami Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angh#NASDAQ">ANGH</a>) surged 28.5% to $1.44.</li>
<li>Biophytis S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpts#NASDAQ">BPTS</a>) rose 24.9% to $0.3959 after reporting FY23 results.</li>
<li>Syros Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syrs#NASDAQ">SYRS</a>) climbed 21.1% to $5.45. Syros received Fast Track Designation from the FDA for tamibarotene for the treatment of newly diagnosed unfit AML with RARA gene overexpression.</li>
<li>MyMD Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mymd#NASDAQ">MYMD</a>) shares climbed 19.9% to $3.1175 after jumping 22% on Monday.</li>
<li>Assure Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionm#NASDAQ">IONM</a>) rose 19.7% to $0.7150.</li>
<li>Anghami Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angh#NASDAQ">ANGH</a>) gained 17.6% to $1.3190 after dipping over 3% on Monday.</li>
<li>CaliberCos Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwd#NASDAQ">CWD</a>) gained 16.8% to $1.04.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) rose 16% to $1.81.</li>
<li>Niu Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/niu#NASDAQ">NIU</a>) gained 14.4% to $2.06. Niu Technologies recently reported a year-over-year increase in first-quarter sales volume results.</li>
<li>TuanChe Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tc#NASDAQ">TC</a>) rose 14.4% to $2.23.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsha#NASDAQ">TSHA</a>) gained 14% to $3.0650 after Piper Sandler initiated coverage on the stock with an Overweight rating and a price target of $9.</li>
<li>Lyell Immunopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyel#NASDAQ">LYEL</a>) climbed 10.5% to $2.42.</li>
<li>BlackBerry Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>) gained 9% to $3.1340. The company announced a collaboration with Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, as well as repeatable determinism.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) rose 8.7% to $8.02.</li>
<li>Moderna, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NASDAQ">MRNA</a>) climbed 8.3% to $113.81.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) gained 7.7% to $4.7050. NIO filed its 2023 annual report on Form 20-F.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Vincerx Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vinc#NASDAQ">VINC</a>) shares dipped 74% to $1.2450 after the company presented preliminary Phase 1 data for VIP236 and updates on pipeline progress at the AACR Annual Meeting 2024.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) fell 34.1% to $65.81 after jumping over 68% on Monday.</li>
<li>Eco Wave Power Global AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wave#NASDAQ">WAVE</a>) fell 31.6% to $2.8701. Eco Wave Power Global shares jumped 219% on Monday after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.</li>
<li>Eco Wave Power Global AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wave#NASDAQ">WAVE</a>) shares fell 30.2% to $2.91. Eco Wave. Power global shares jumped 219% on Monday after the company announced that it was selected by an international energy company to conduct wave energy feasibility studies for the U.S. coastline.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) fell 22.6% to $1.0399.</li>
<li>Focus Universal Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcuv#NASDAQ">FCUV</a>) fell 20.8% to $0.2781. Focus Universal, on Monday, announced Warren Wang as Chief Strategy Officer.</li>
<li>Cognyte Software Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnt#NASDAQ">CGNT</a>) dipped 17.7% to $6.92 after the company reported fourth-quarter results and issued FY25 guidance.</li>
<li>Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) fell 17.1% to $0.4490. Kineta reported initial clinical response data at the AACR 2024 of its ongoing Phase 1/2 VISTA-101 clinical trial.</li>
<li>VivoPower International PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvpr#NASDAQ">VVPR</a>) fell 16.5% to $4.6786. VivoPower recently announced its Tembo subsidiary has now met all the milestones to obtain the final follow-on strategic direct equity investment into Tembo, at a pre-money valuation of $120 million.</li>
<li>Team, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tisi#NYSE">TISI</a>) fell 16.4% to $6.75. Team named Pamela J. McGinnis to its Board of Directors.</li>
<li>Harmonic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hlit#NASDAQ">HLIT</a>) declined 15.4% to $11.11 after announcing CEO succession. Harmonic said it sees first-quarter revenue of $121 million to $123 million.</li>
<li>GCT Semiconductor Holding, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gcts#NYSE">GCTS</a>) fell 15.3% to $5.93.</li>
<li>UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wto#NASDAQ">WTO</a>) fell 13.2% to $0.2603. UTime shares jumped 62% on Monday after the company completed a private placement.</li>
<li>Hanryu Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hryu#NASDAQ">HRYU</a>) shares fell 12% to $0.2508 after jumping over 31% on Monday.</li>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) fell 11.2% to $6.90 surging over 20% on Monday.</li>
<li>Binah Capital Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcg#NASDAQ">BCG</a>) fell 10.9% to $8.42.</li>
<li>Inozyme Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inzy#NASDAQ">INZY</a>) dipped 10.3% to $5.27. Needham analyst Joseph Stringer reiterated Inozyme Pharma with a Buy and maintained a $23 price target.</li>
<li>Guardion Health Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ghsi#NASDAQ">GHSI</a>) shares declined 10% to $8.01.</li>
<li>Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) fell 9.3% to $6.36.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) dipped 8.3% to $1,388.07.</li>
<li>InMode Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inmd#NASDAQ">INMD</a>) shares fell 8% to $18.20. InMode is projected to release its financial results for the first quarter before the opening bell on Thursday, May 2, 2024.</li>
<li>Neogen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neog#NASDAQ">NEOG</a>) shares dipped 6.2% to $13.49 after the company reported worse than expected third-quarter FY2024 earnings and cut 2024 guidance.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maxn#NASDAQ">MAXN</a>) fell 5.8% to $2.5699. Maxeon Solar said it sees preliminary fourth-quarter revenue of $229 million versus market estimates of $235.959 million.</li>
<li><a href="https://www.benzinga.com/money/coinbase-alternative/">Coinbase</a> Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) fell 5.6% to $242.71. JMP Securities analyst Devin Ryan maintained Coinbase Glb with a Market Outperform and raised the price target from $300 to $320.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) fell 5% to $306.15.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38162993/bitcoin-falls-below-71-000-data-wormhole-core-among-top-losers"> Bitcoin Falls Below $71,000 Data; Wormhole, Core Among Top Losers</a>
&nbsp;

Why Tilray Brands Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares rose 97.9% to $2.83 during Tuesday's regular session. The company's market cap stands at $23.3 million. </li>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) stock rose 19.8% to $0.56. The market value of their outstanding shares is at $4.1 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) stock rose 16.4% to $2.93. The market value of their outstanding shares is at $14.5 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock moved upwards by 15.68% to $1.77. The company's market cap stands at $146.0 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) shares increased by 12.67% to $5.6. The company's market cap stands at $193.4 million. </li>
<li>Palladyne AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDYN#NASDAQ">PDYN</a>) stock rose 11.77% to $2.94. The market value of their outstanding shares is at $76.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock declined by 13.4% to $14.5 during Tuesday's regular session. The company's market cap stands at $98.4 million. </li>
<li>Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) stock decreased by 12.08% to $1.02. The market value of their outstanding shares is at $2.4 million. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock fell 9.41% to $7.32. The market value of their outstanding shares is at $32.3 million. </li>
<li>C3is (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISS#NASDAQ">CISS</a>) shares declined by 9.28% to $0.04. The market value of their outstanding shares is at $6.4 million. </li>
<li>Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) shares fell 7.71% to $4.07. The company's market cap stands at $266.9 million. </li>
<li>Richtech Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares fell 7.58% to $1.83. The market value of their outstanding shares is at $121.2 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.

CISS

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SWVL

VINO

12 Industrials Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) stock rose 9.0% to $1.09 during Monday's pre-market session. The market value of their outstanding shares is at $241.1 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock increased by 7.41% to $9.99. The company's market cap stands at $67.8 million. </li>
<li>Tritium DCFC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCFC#NASDAQ">DCFC</a>) stock rose 7.21% to $0.06. The company's market cap stands at $13.6 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) stock increased by 6.79% to $0.5. The market value of their outstanding shares is at $62.8 million. </li>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) shares rose 5.63% to $0.48. The company's market cap stands at $3.5 million. </li>
<li>Ideanomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDEX#NASDAQ">IDEX</a>) stock rose 5.52% to $0.99. The company's market cap stands at $11.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Astra Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTR#NASDAQ">ASTR</a>) stock declined by 19.0% to $0.55 during Monday's pre-market session. The market value of their outstanding shares is at $12.4 million. </li>
<li>Bitcoin Depot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTM#NASDAQ">BTM</a>) stock decreased by 10.55% to $2.4. The company's market cap stands at $31.7 million. As per the news, the Q4 earnings report came out today. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) stock declined by 7.15% to $1.56. The market value of their outstanding shares is at $23.5 million. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares fell 7.02% to $6.5. The market value of their outstanding shares is at $28.6 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares decreased by 6.85% to $0.54. The company's market cap stands at $8.0 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) stock declined by 5.95% to $1.74. The market value of their outstanding shares is at $14.3 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.

ASTR

DCFC

ELWS

EVTL

HTOO

IDEX

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

<h3>Gainers</h3>
<ul>
<li>Babcock &amp; Wilcox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) shares rose 20.3% to $1.27 during Friday's regular session. The company's market cap stands at $114.0 million. </li>
<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) shares moved upwards by 17.33% to $1.03. The company's market cap stands at $228.3 million. </li>
<li>Captivision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPT#NASDAQ">CAPT</a>) shares increased by 11.85% to $6.32. The market value of their outstanding shares is at $183.1 million. </li>
<li>voxeljet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VJET#NASDAQ">VJET</a>) stock rose 11.77% to $0.65. The market value of their outstanding shares is at $5.9 million. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares increased by 11.1% to $6.96. The market value of their outstanding shares is at $30.7 million. </li>
<li>Lavoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRO#NASDAQ">LVRO</a>) shares increased by 9.99% to $6.6. The market value of their outstanding shares is at $769.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock decreased by 26.6% to $10.64 during Friday's regular session. The market value of their outstanding shares is at $72.2 million. </li>
<li>JE Cleantech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCSE#NASDAQ">JCSE</a>) stock declined by 13.25% to $0.72. The company's market cap stands at $3.6 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock decreased by 10.13% to $0.71. The market value of their outstanding shares is at $46.2 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares declined by 10.07% to $1.34. The company's market cap stands at $23.4 million. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) shares decreased by 9.99% to $2.01. The company's market cap stands at $22.4 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares decreased by 9.91% to $1.0. The market value of their outstanding shares is at $26.5 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.

CAPT

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ZCAR

<h3>Gainers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock rose 191.5% to $2.26 during Monday's regular session. The company's market cap stands at $184.9 million. </li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) shares rose 58.82% to $15.76. The market value of their outstanding shares is at $118.2 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares rose 45.78% to $0.76. The market value of their outstanding shares is at $11.4 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) shares rose 19.81% to $0.98. The market value of their outstanding shares is at $9.4 million. </li>
<li>EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) shares moved upwards by 15.24% to $13.15. The company's market cap stands at $794.1 million. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) shares moved upwards by 13.49% to $0.84. The company's market cap stands at $166.7 million. The company's, Q4 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock fell 12.7% to $5.65 during Monday's regular session. The company's market cap stands at $24.9 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Lucas GC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCL#NASDAQ">LGCL</a>) stock decreased by 12.15% to $2.82. The market value of their outstanding shares is at $224.3 million. </li>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) stock fell 10.57% to $0.72. The company's market cap stands at $57.8 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock fell 9.93% to $0.45. The company's market cap stands at $7.4 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock fell 9.68% to $0.26. The company's market cap stands at $4.6 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares declined by 8.6% to $1.75. The market value of their outstanding shares is at $14.4 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.

ATIF

GWAV

LGCL

MKFG

SGBX

VATE

Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) reported quarterly losses of $(3.18) per share. This is a 41.76 percent increase over losses of $(5.46) per share from the same period last year. The company reported $214.13 million in sales this quarter. This is a 1.34 percent increase over sales of $211.29 million the same period last year.

Team Q4 EPS $(3.18) Up From $(5.46) YoY, Sales $214.13M Up From $211.29M YoY

Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) reported quarterly losses of $(2.01) per share. This is a 63.45 percent increase over losses of $(5.50) per share from the same period last year. The company reported $206.72 million in sales this quarter. This is a 5.32 percent decrease over sales of $218.34 million the same period last year.

Team Q3 Adj $(2.01) Up From $(5.50) YoY, Sales $206.72M Down From $218.34M YoY

<h3>Gainers</h3>
<ul>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) stock moved upwards by 26.4% to $13.54 during Friday's regular session. As of 13:31 EST, this security is trading at a volume of 1.5 million shares, making up 251.8% of its average full-day volume over the last 100 days. The company's market cap stands at $373.0 million. The company's, Q2 earnings came out yesterday. </li>
<li>Proterra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTRA#NASDAQ">PTRA</a>) shares increased by 23.66% to $0.13. Proterra's stock is trading at a volume of 115.5 million shares as of 13:31 EST. This is 1422.3% of its average full-day volume over the last 100 days. The company's market cap stands at $29.5 million. As per the press release, Q2 earnings came out 2 days ago. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) stock increased by 17.77% to $3.18. As of 13:31 EST, this security is trading at a volume of 251.3K shares, making up 8.8% of its average full-day volume over the last 100 days. The company's market cap stands at $117.0 million. </li>
<li>Spire Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) stock moved upwards by 12.97% to $0.68. As of 13:31 EST, Spire Global's stock is trading at a volume of 1.1 million, which is 69.7% of its average full-day volume over the last 100 days. The company's market cap stands at $99.1 million. The company's, Q2 earnings came out 2 days ago. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock rose 11.84% to $10.1. Trading volume for this security as of 13:31 EST is 70.1K, which is 67.8% of its average full-day volume over the last 100 days. The company's market cap stands at $44.0 million. The company's, Q2 earnings came out yesterday. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) stock rose 9.78% to $1.56. Trading volume for this security as of 13:31 EST is 2.5 million, which is 51.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $92.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) stock decreased by 28.1% to $74.84 during Friday's regular session. As of 13:31 EST, this security is trading at a volume of 1.4 million shares, making up 910.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.9 billion. </li>
<li>Southland Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLND#AMEX">SLND</a>) stock decreased by 27.74% to $5.81. Southland Holdings's stock is trading at a volume of 100.1K shares as of 13:31 EST. This is 249.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $278.0 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares fell 20.73% to $0.59. The current volume of 3.1 million shares is 170.3% of Nuburu's average full-day volume over the last 100 days (last updated at 13:31 EST). The company's market cap stands at $20.5 million. The company's, Q2 earnings came out yesterday. </li>
<li>HireQuest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQI#NASDAQ">HQI</a>) shares declined by 19.31% to $19.71. HireQuest's stock is trading at a volume of 104.5K shares as of 13:31 EST. This is 250.0% of its average full-day volume over the last 100 days. The company's market cap stands at $274.0 million. The company's, Q2 earnings came out yesterday. </li>
<li>Fathom Digital Mfg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FATH#NYSE">FATH</a>) stock fell 16.38% to $0.72. The company's market cap stands at $50.6 million. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock declined by 15.2% to $1.53. As of 13:31 EST, Velo3D's stock is trading at a volume of 2.6 million, which is 192.4% of its average full-day volume over the last 100 days. The company's market cap stands at $295.4 million. As per the press release, Q2 earnings 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.

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Team shares are trading lower after the company reported a year-over-year decrease in Q2 revenue results.

<h3>Gainers</h3>
<ul>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares moved upwards by 26.6% to $11.43 during Thursday's after-market session. The company's market cap stands at $49.8 million. </li>
<li>Proterra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTRA#NASDAQ">PTRA</a>) shares increased by 21.18% to $0.13. This security traded at a volume of 11.7 million shares come close, making up 179.9% of its average volume over the last 100 days. The company's market cap stands at $28.8 million. The company's, Q2 earnings came out yesterday. </li>
<li>Innodata (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INOD#NASDAQ">INOD</a>) stock increased by 14.84% to $12.3. Trading volume for this security closed at 103.6K, accounting for 16.8% of its average full-day volume over the last 100 days. The company's market cap stands at $338.8 million. The company's, Q2 earnings came out today. </li>
<li>View (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIEW#NASDAQ">VIEW</a>) stock moved upwards by 11.48% to $10.0. The market value of their outstanding shares is at $40.4 million. As per the press release, Q2 earnings came out today. </li>
<li>Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) stock increased by 10.63% to $6.45. This security traded at a volume of 1.6 million shares come close, making up 29.5% of its average volume over the last 100 days. The market value of their outstanding shares is at $1.6 billion. As per the press release, Q2 earnings came out today. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares moved upwards by 5.88% to $7.02. The company's market cap stands at $603.6 million. As per the news, the Q2 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>HireQuest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQI#NASDAQ">HQI</a>) stock declined by 15.9% to $20.54 during Thursday's after-market session. The company's market cap stands at $285.5 million. The company's, Q2 earnings came out today. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) shares fell 15.22% to $0.78. The market value of their outstanding shares is at $15.4 million. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock fell 13.82% to $1.56. This security traded at a volume of 546.0K shares come close, making up 39.9% of its average volume over the last 100 days. The company's market cap stands at $300.3 million. As per the news, the Q2 earnings report came out today. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock declined by 8.66% to $0.68. Today's trading volume for this security ended up closing at 3.1 million shares, which is 188.7 percent of its average volume over the last 100 days. The company's market cap stands at $23.7 million. As per the press release, Q2 earnings came out today. </li>
<li>Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) stock fell 4.77% to $0.4. The company's market cap stands at $70.4 million. As per the news, the Q2 earnings report came out today. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) shares fell 3.76% to $0.15. Trading volume for this security closed at 60.3K, accounting for 2.5% of its average full-day volume over the last 100 days. The company's market cap stands at $11.2 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.

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

Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) reported $239.50 million in sales this quarter. This is a 4.68 percent decrease over sales of $251.26 million the same period last year.

Team Q2 Sales $239.50M Down From $251.26M YoY

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Shares of indsutrial stocks are trading lower amid overall market weakness on rate hike concerns. Further rate hikes could pressure economic activity and spending.

Team Inc. (TISI) has provided an announcement. Pamela J. McGinnis has been appointed as a Class II director on the Board of Team, Inc., effective A...

Team Inc. Appoints New Director and Updates Executive Severance Policies

Laser Photonics, JanOne, Spar Group among industrial movers

Team GAAP EPS of -$3.89, revenue of $199.6M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Team (NYSE:<a href="https://investorplace.com/stock-quotes/tisi-stock-quote/">TISI</a>) just reported results for the first quarter of 2024.<ul><li>Team reported earnings per share of -$3.33.</li><li>The company reported revenue of $199.60 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/2024/05/tisi-stock-earnings-team-for-q1-of-2024/">TISI Stock Earnings: Team Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TISI Stock Earnings: Team Reported Results for Q1 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Team (NYSE:<a href="https://investorplace.com/stock-quotes/tisi-stock-quote/">TISI</a>) just reported results for the second quarter of 2024.<ul><li>Team reported earnings per share of -45 cents.</li><li>The company reported revenue of $228.62 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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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/tisi-stock-earnings-team-for-q2-of-2024/">TISI Stock Earnings: Team Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TISI Stock Earnings: Team Reported Results for Q2 2024

Team GAAP EPS of -$0.63, revenue of $228.6M

Team, Inc. (TISI) Q2 2024 Earnings Call Transcript

With ongoing innovations boosting efficiency, the opportunities for growth in the industrial sector are robust. Therefore, it could be wise to add fundamentally strong yet affordable industrial stocks NL Industries (NL), Alpha Pro Tech (APT), and Team, Inc. (TISI), which are trading under $10. Read on… The industrial sector is the backbone of economic development, fueling progress through rising infrastructure projects, advanced technologies, and renewable energy initiatives. As the industry evolves, it's enhancing its productivity and innovation, laying a solid foundation for continued advancement.
Amid this, let's take a look at some quality industrial stocks, NL Industries, Inc. (<a href="https://stocknews.com/stock/NL/">NL</a>), Alpha Pro Tech, Ltd. (<a href="https://stocknews.com/stock/APT/">APT</a>), and Team, Inc. (<a href="https://stocknews.com/stock/TISI/">TISI</a>), which are trading under $10. Moreover, these stocks have earned a ‘Strong Buy' rating in our proprietary rating system.
As modernization accelerates, the rising demand for industrial products and services directly impacts the sector's growth. Growing investments in research and development across various segments, such as data management, steering systems, interface technologies, and operational automation, are set to drive the Industrial Machinery Equipment and Tools Market forward. The market is expected to <a href="https://www.marketresearchfuture.com/reports/industrial-machinery-equipment-tools-market-12404">hit $330.90 billion by 2032</a>, exhibiting a CAGR of 6.2%.
Moreover, the industrial services market is expected to see strong growth in the next few years. It will grow to $44.05 billion in 2028 at a <a href="https://www.thebusinessresearchcompany.com/report/industrial-services-global-market-report">CAGR of 5.7%</a>.
Additionally, the industrial sector benefits from diversified business lines and global presence, reducing dependency on any single product or customer. This diversification provides more stable returns compared to sectors that are more vulnerable to economic fluctuations.
Let's look at the featured stocks in detail:
NL Industries, Inc. (<a href="https://stocknews.com/stock/NL/">NL</a>)
NL is a holding company that operates in the component products industry through its subsidiary, CompX International Inc. (<a href="https://stocknews.com/stock/CIX/">CIX</a>). It offers engineered components, including mechanical and electrical cabinet locks, stainless steel exhaust components, gauges, throttle controls, wake enhancement systems, trim tabs, and related hardware and accessories.
On August 7, buoyed by its strong financial performance, NL announced a special dividend of $0.43 per share and a quarterly dividend of $0.08 per share on its common stock. The special dividend, funded by excess cash flows, is scheduled for payment on August 29, 2024, while its quarterly dividend is payable on September 24, 2024.
NL pays an annual dividend of $0.32, which translates to a yield of 4.74% at the current share price. Its four-year average dividend yield is 5.19%. Moreover, its dividend payouts have increased at a CAGR of 14.5% over the past three years.
In terms of forward non-GAAP P/E, NL is trading at 10.99x, 41.7% lower than the industry average of 18.87x. Likewise, the stock's trailing-12-month EV/Sales and EV/EBITDA multiples of 1.10 and 10.43 are 41.6% and 21.9% lower than their respective industry averages of 1.88 and 13.35.
NL's trailing-12-month levered FCF margin of 10.42% is 59.9% higher than the 6.52% industry average. In addition, its trailing-12-month net income margin of 14.10% compares to the industry average of 6.16%.
For the second quarter of 2024, which ended on June 30, NL's net sales amounted to $35.89 million, while its gross margin increased 8.7% year-over-year to $11.17 million. The company's attributable <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> amounted to $7.84 million and $0.16 per share, compared to a loss of $3.11 million and $0.06 per share in 2023. Further, its cash flow from operating activities increased 6.5% year-over-year to $22.28 million.
Street expects NL's EPS for the fiscal fourth quarter (ending December 2024) to increase 20.6% year-over-year to $0.19. Further, its EPS is estimated to grow by 38.9% year-over-year in the fiscal year 2025, settling at $0.85.
NL's revenue has grown at a CAGR of 5.2% over the past five years. In addition, its net income and EPS have increased at CAGRs of 21.4% and 21.3% over the same time frame.
Shares of NL have gained 38.2% over the past nine months to close the last trading session at $7.02.
NL's strong fundamentals are reflected in its<a href="https://stocknews.com/powr-ratings/"> POWR Ratings</a>. The stock has an overall rating of A, which equates to Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
NL has a B grade for Growth, Value, Momentum, Sentiment, and Quality. It is ranked first out of 83 stocks in the <a href="https://stocknews.com/category/industrial-equipment/">Industrial - Equipment</a> industry. <a href="https://stocknews.com/stock/NL/">Click here</a> to see NL's rating for Stability.
Alpha Pro Tech, Ltd. (<a href="https://stocknews.com/stock/APT/">APT</a>)
Headquartered in Markham, Canada, APT develops, manufactures, and markets a line of high-value, disposable protective apparel, infection control, and building supply products. Its product portfolio includes house wrap, synthetic roof underlayment, shoe covers, bouffant caps, gowns, frocks, face masks, and eye shields. The company operates through two segments: Disposable Protective Apparel; and Building Supply.
On April 3, APT's Board of Directors authorized an additional $2 million expansion to the existing share repurchase program, bringing the total available funds to $2.7 million. This move reflects the company's confidence in its financial health and could boost stock value by reducing the number of shares outstanding, potentially increasing earnings per share and attracting more investors.
In terms of trailing-12-month EV/Sales, APT is trading at 0.96x, 49.2% lower than the industry average of 1.88x. Likewise, the stock's trailing-12-month EV/EBIT and Price/Sales multiples of 13.19 and 1.10 are 24.9% and 25.7% lower than the industry averages of 17.59x and 1.48x, respectively.
APT's trailing-12-month gross profit margin of 39.29% exceeds the 31.35% industry average by 25.3%. Similarly, its trailing-12-month net income margin and ROTA of 7.71% and 6.48% are 25.2% and 32.1% higher than the respective industry averages of 6.16% and 4.91%.
In the fiscal second quarter that ended on June 30, 2024, APT's net sales increased marginally year-over-year to $16.29 million. Its gross profit grew 12% from the year-ago value to $6.84 million. The company reported income from operations of $1.71 million, indicating a 30.5% growth from the prior year quarter. APT's net income came in at $1.64 million, up 43.5% year-over-year, while its EPS increased 50% year-over-year to $0.15.
APT's revenue has grown at a CAGR of 5.5% over the past five years. The company's EBITDA and EPS increased at CAGRs of 3.4% and 4.8%, respectively, over the same period. Further, the company's total assets grew at a CAGR of 13.9% over the same time frame.
APT shares have surged 46.3% over the past year and 32.9% over the past nine months to close the last trading session at $5.97.
APT's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Value, Momentum, and Quality. Within the Industrial - Equipment industry, it is ranked #5 out of 83 stocks. <a href="https://stocknews.com/stock/APT/">Click here</a> to see the additional ratings for APT (Growth, Stability, and Sentiment).
Team, Inc. (<a href="https://stocknews.com/stock/TISI/">TISI</a>)
TISI is a provider of specialty industrial services. The company offers its clients a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services. It operates through two segments: Inspection and Heat Treating (IHT) and Mechanical Services (MS).
In terms of trailing-12-month EV/Sales, TISI is trading at 0.46x, which is 75.8% lower than the industry average of 1.88x. The stock's trailing-12-month Price/Cash Flow ratio of 5.34x is 62.6% below the industry average of 14.30x. Also, its trailing-12-month Price/Sales multiple of 0.05 compares to the industry average of 1.48.
Moreover, the stock's trailing-12-month asset turnover ratio of 1.49x is 92.4% higher than the 0.78x industry average.
TISI's revenues for the fiscal second quarter (ended June 30, 2024) amounted to $228.62 million, while its gross margin rose 4.3% from the prior-year quarter to $63.55 million. Its operating income improved 142.8% from the year-ago value to $11.16 million. In addition, its consolidated adjusted EBITDA increased 25% year-over-year to $21.81 million.
For fiscal year 2024, the company anticipates total revenue to range from $850 million to $900 million. Additionally, it projects a gross margin between $235 million and $265 million, with adjusted EBITDA expected to fall between $58 million and $68 million.
Over the past three years, TISI's revenue has grown at a CAGR of 1.2%, while its EBITDA increased at 45.8% CAGR. Moreover, the company's levered FCF improved at an impressive CAGR of 146.5% over the same period.
Over the past nine months, the stock has gained 41.5%, closing the last trading session at $9.95. It has also surged 50.8% year-to-date.
It's no surprise that TISI has an overall rating of A, which translates to a Strong Buy in our POWR Ratings system. TISI has a B grade for Growth, Momentum, Sentiment, and Quality. In the B-rated, 80-stock <a href="https://stocknews.com/category/industrial-services/">Industrial - Services</a> industry, it is ranked first.
Beyond what is stated above, we've also rated TISI for Value and Stability. Get all TISI ratings <a href="https://stocknews.com/stock/TISI/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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NL shares closed at $7.02 on Friday, up $0.27 (+4.00%). Year-to-date, NL has gained 28.44%, versus a 17.36% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/nl-apt-tisi-cix-3-strong-buy-rated-industrial-stocks-under-10/>3 Strong Buy-Rated Industrial Stocks Under $10</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Strong Buy-Rated Industrial Stocks Under $10

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Management

Press Releases

Team, Inc. Names Michael J. Caliel as Executive Chairman

Team, Inc. Reports Third Quarter 2023 Results

Team, Inc. Reports Fourth Quarter and Full Year 2023 Results

Team, Inc. Receives Continued Listing Standard Notice From NYSE

Team, Inc. Appoints Pamela J. McGinnis to Its Board of Directors

Team, Inc. Reports First Quarter 2024 Results

Team, Inc. Showcases Strategic Vision With New Investor Presentation and Recording

Team, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call

Team, Inc. Reports Second Quarter 2024 Results

Baker Hughes Announces Leadership Changes to Continue Strategic Growth and Customer Success

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Team (TISI) Forecast

Team (NYSE:TISI) Stock, Quote.Headers.trade-ideas