This Penny Stock NMTR Could soar 462% in 2021The company’s development pipeline features drug candidates under investigation as treatments for short bowel syndrome (SBS) and celiac disease (CeD), two conditions that are both dangerous and difficult to treat.
9 Meters’ flagship product, Larazotide, is in Phase 3 development for the treatment of CeD. CeD affects about 1% of the population, yet there are no approved therapies. Top-line data from the study is expected in the second half of 2021.
Furthermore, this past December, the company announced that it had entered an agreement with EBRIS, the European Biomedical Research Institute of Salerno, to investigate Larazotide as a potential treatment for respiratory complications due to COVID-19.
The other major drug in the company’s pipeline is NM-002, for SBS. The company has recently announced positive Phase 1b/2a results, with a measurable impact on disease symptoms from a compound that was well-tolerated by patients.
ne of these NMTR bulls is Truist’s Srikripa Devarakonda. Citing Larazotide as a key component of his bullish thesis, the analyst noted, “We acknowledge investors are likely to see a pivotal trial in a tough-to-crack Celiac disease program as high risk despite encouraging Ph2b data. We model $705M/$353M in peak unadjusted/adjusted sales and see potential upside of 400% - 1650% from positive Ph3 readout.”
finance.yahoo.com
Stockmarkets
Closing of $103.5 Million Upsized Initial Public OfferingLMF Acquisition Opportunities, Inc. Announces Closing of $103.5 Million Upsized Initial Public Offering, Including Full Exercise of the Overallotment Option
the closing of its upsized initial public offering of 10,350,000 units, which included the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit.
Each unit consisted of one share of Class A common stock and one redeemable warrant, each warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.
finance.yahoo.com
SIEB Soars as Reddit Feed Targets Another Short SqueezeBrokerage Firm Siebert Soars as Reddit Feed Targets Another Short Squeeze
SIEB spiked Friday after the brokerage firm became the latest stock to attract the attention of ordinary investors prompted by a Reddit message board called WallStreetBets.
Siebert, which does retail brokerage business through its Muriel Siebert subsidiary, said that it has not released any news on Friday, Dow Jones reported.
WallStreetBets has been trying to collectively push shares of these companies higher in a bid to force hedge funds and other large investors to abandon their short positions -- bets that stock prices will decline -- in those companies.
www.thestreet.com
$SPY still trading within ascending channelI was thinking last night that if SPY would open below $370, it would have would broken from trading inside the channel and start a possible downtrend.
The bounce at the bottom the trendline held, but unless it breaks above $382 within the next week, I think bulls will start taking profits and look for a dip before continuing buying. Market has been strong, propped up as it may seem, but I can see the momentum changing to bearish once it breaks below $370.
Reddit army buying heavily shorted REV stockShares of REV were jumping again as a massive short squeeze on consumer stocks continued into its third day.
The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks
There was no news out on any of these three stocks today, and certainly nothing of the kind that would generate this kind of movement for fundamental reasons.
Instead, traders on platforms like Reddit have figured out that they can take advantage of heavily shorted small-cap stocks if enough of them start buying them, and that's what's happened with REV stock.
When a stock is shorted and starts to go up, short-sellers eventually have to buy back the shares or risk further losses, including a margin call forcing the repurchase.
At Revlon, 31% of the stock's float was sold short as of the end of December.
www.fool.com
Overstock to be limited partner in blockchain fundOverstock Partners with Pelion Venture Partners to Oversee Medici Ventures’ Blockchain Assets
Overstock to be limited partner in blockchain fund
OSTK today announces it will be converting Medici Ventures, Inc., its wholly owned blockchain-focused subsidiary, to a limited partnership (the “Fund”). An entity within Pelion Venture Partners, a third-party venture capital firm with a proven track record of successfully investing in early stage companies, will act as the general partner of the Fund.
Pelion has blockchain and technology expertise with early stage companies and has helped guide many companies to economic success.
Under the arrangement, which will close after obtaining necessary legal and regulatory approvals, Medici Ventures will be converted into a limited partnership.
finance.yahoo.com
Workhorse Rise on Biden EV PlanWorkhorse Rise on Biden EV Plan
WKHS rose on Tuesday, after President Joe Biden said in a speech that the U.S. government would be purchasing EVs.
"The federal government also owns an enormous fleet of vehicles, which we're going to replace with clean electric vehicles made right here in America, by American workers," Biden said.
$ARKG SHORTS!ARKG Created an all-time-high at 114.81, since then it has failed to find a support level past the breakout zone at 108.62, seeing as it has pushed below the failed support level, I can see shorts into 92.38 before a possible rebound pack into the upside.
Leave some comments below of your opinions and don’t forget to leave a thumbs up if you find this post helpful!
CVLB Expects 2020 Revenue up 205% to Record $38.0 MillionConversion Labs Expects 2020 Revenue up 205% to Record $38.0 Million, Subscription ARR up 525% to $26.0 Million
preliminary unaudited results for its fourth quarter and full year ended December 31, 2020.
Revenue for the fourth quarter is expected to total $13.6 million, up 265% from $3.7 million in the fourth quarter of 2019. Revenue for the full year is expected to total $38.0 million, up 205% from $12.5 million in 2019.
We ended the year exceptionally strong, with December revenues hitting a monthly record of $5.1 million, up 321% over December of last year. In fact, December 2020 alone eclipsed the whole of the fourth quarter of 2019.”
ual recurring revenue (ARR) generated by subscriptions reached $26.0 million by the end of the year, up 525% compared to the end of 2019 (see description of ARR, below). ARR increased by more than $3.0 million from November to December—another record-setting monthly gain.
“Given our extensive telehealth platform buildout in 2019, we were prepared when the breakout of the COVID-19 pandemic suddenly accelerated the consumer shift from traditional healthcare to telemedicine,”
expect 2021 to be our biggest year yet.”
finance.yahoo.com
PBI jumps on positive pitch from Seeking Alpha contributorPitney Bowes jumps on positive pitch from Seeking Alpha contributor
Pitney Bowes (NYSE:PBI) gains 40% after a Seeking Alpha contributor writes that the stock is "significantly" undervalued vs competitors and a break up or sale of company would unlock value.
Expects PBI's global e-commerce business to be profitable for first time ever when earnings are released on Feb. 2.
Highlights that Legendary investor Bill Miller owns PBI and believes e-commerce segment on a standalone basis is worth $12/share, citing 3Q Miller investor letter.
PBI short interest "nearly" 20% of float
www.reddit.com
at-the-market offering for up to $35,000,000On January 25, 2021, IZEA Worldwide, Inc. (the “Company”) launched an at-the-market offering (the “Offering”) for up to $35,000,000 worth of shares of the Company’s common stock, par value $0.0001 per share, pursuant to an at the market (ATM) Sales Agreement, dated January 25, 2021, by and between the Company and National Securities Corporation. A copy of the ATM Sales Agreement is attached hereto as Exhibit 1.1 and is incorporated by reference herein.
The Company has 54,526,583 shares of common stock outstanding as of January 25, 2021.
Secondary stock offerings normally aren't a reason for shareholders to celebrate, but investors seem to see this one as a smart way for IZEA to raise cash it can use to fund additional growth efforts, as well as a validation of the stock's recent surge. The sale would dilute current shareholders by about 10%.
In 2019, the company's revenue declined 6% to $19 million and it lost $7.3 million.
If new products like Shake and its BrandGraph intelligence platform take off, the stock should have more room to run.
www.sec.gov
Express More Than Doubles Amid Reddit SpeculationRetailer Express More Than Doubles Amid Reddit Speculation
Apparel retailer Express Inc. skyrocketed Monday, extending its meteoric rally with record volume as retail investors touted the company across various social media platforms including Reddit message boards.
Express has been the subject of Reddit boards where users speculated whether it could be the next GameStop, the video-games retailer that is surging again today. GameStop, together with other heavily shorted stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. all surged last week as they continued to gain popularity among retail investors.
Express short interest stands at about 14% of the free float, according data from S3 Partners.
finance.yahoo.com
Aemetis “Carbon Zero” Supported by $16.8 MillionAemetis “Carbon Zero” Solar Energy and Energy Efficiency Upgrades Supported by $16.8 Million of California CEC and Utility Grants
Estimated $18 Million Per Year of Increased Net Income ($0.75 Earnings Per Share)
AMTX) announced that its “Carbon Zero” biofuels production process has received a total of $16.8 million of solar energy and other energy efficiency grants to fund upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel.
The award of a combined $16.8 million of California Energy Commission and Pacific Gas & Electric energy efficiency programs to fund the ‘Carbon Zero 1’ biofuels plant reflects government and utility industry support for our mission to reduce greenhouse gases
These Carbon Zero plant upgrades at the Keyes plant are an integrated part of producing below zero carbon biofuels from agricultural waste wood.
The Carbon Zero 1 plant renewable energy and energy efficiency upgrades include funding and other support from the California Energy Commission, the USDA, the US Forest Service, the California Department of Food and Agriculture, and PG&E.
finance.yahoo.com
BUY $KODK - NRPicks Ene 17Eastman Kodak Company (KODK) is a company that provides hardware, software, supplies, and services to customers in the commercial printing, packaging, publishing, manufacturing, entertainment, and commercial products markets worldwide.
The company reduced its debt during 2020, maintaining a net cash flow of $ 178M.
KODAK's weekly volatility dropped from 56% to 20% in 2020, and with its legal problem regarding government borrowing to make drugs resolved, the outlook for the company is positive.
Technical:
MACD (12,26) 0.93
Support at $ 8.10
Average RSI level
current price and MA 50 at same level