The merger and acquisitions company ILUS International Inc (OTCMKTS:ILUS) has attracted the attention of investors in a big way in recent days and the situation was the same on Tuesday. Yesterday, the stock jumped by 9% as investors continued to flock to the stock and that took its gains for the past week to as much as 88%. There was no news about the company yesterday but it might be…
Aurora Cannabis (NASDAQ:ACB) Stock Slumps 30% YTD: A Good Time To Buy?
Aurora Cannabis (NASDAQ:ACB) is one of the biggest operators in the cannabis industry but the company’s stock has been a laggard for a long time and the trend has continued in 2021 as well. The stock has gone down by as much as 15% so far this year and in this situation it is perhaps important for investors to figure out if the stock could actually make a comeback. While…
Canoo Inc (NASDAQ:GOEV) Stock Falls 20% in a Week After Earnings
There are now plenty of options for investors when it comes to electric vehicle stocks and one of those is Canoo Inc (NASDAQ:GOEV). The company is involved in the development of breakthrough electric vehicles with a platform that can be used by both businesses as well as individuals. However, the Canoo stock has not performed particularly well in recent days and has actually declined by as much as 20% over…
Velodyne Lidar Inc (NASDAQ:VLDR) Reports Mixed Quarterly Earnings, Stock Falls
Velodyne Lidar Inc (NASDAQ:VLDR) is down 16% in a week after announcing its Q2 2021 financial results for the period ended June 30, 2021. The company shipped over 3,800 sensor units during the quarter, with 72% of the shipments being spot purchases and 28% being shipments to customers with multi-year agreements. Most importantly, the company continues solid-state sensors sales leadership with over 250 sensors already sold. As of August 1,…
SmileDirectClub Inc (NASDAQ:SDC) Stock Takes a Hit After Quarterly Earnings
SmileDirectClub Inc (NASDAQ:SDC) is down 7.5% in a week after announcing Q2 2021 financial results, in which total revenue was up 62.7% YoY to $174 million. The company posted a net loss of $55 million, a 41.6% YoY improvement, and a diluted EPS improvement of 44% to $0.14 YoY. During the quarter, the company reported 90,006 unique aligner shipments with an Average aligned gross sales price of $1,885 compared to…
Bitfarms Ltd (NASDAQ:BITF) Stock Slumps 16% After Announcing Mixed Earnings
Bitfarms Ltd (NASDAQ:BITF) stock is down 16% following mixed Q2 results released with the new share offering announcement. The company reported its Q2 earnings on August 16 after market close, delivering sales that beat market expectations. However, the loss was wider than anticipated because of the re-evaluation of Bitfarms’ BTC holdings. For the second quarter the company had sales of $36.7 million which topped analysts’ estimates of $22.7 million, but…
Gevo Inc (NASDAQ:GEVO) Stock Trend Lower After The Recent News
Gevo Inc (NASDAQ:GEVO) is down 13.5% in a week after announcing that its dairy manure-based renewable natural gas project affiliate, Gevo NW Iowa RNG, LLCC in northwest Iowa, had entered definitive agreements with BT Porducts North America Inc. and BP Canada Energy Marketing Corp for the sale of the project’s production. The construction of the project is ongoing and will commence production early next year. Once completed, the NW Iowa…
GoHealth Inc (NASDAQ:GOCO) Stock Continues to Fall On Earnings Dissapointment
GoHealth Inc (NASDAQ:GOCO) down 45% in a week after announcing its Q2 2021 financial results and issuing revised full-year guidance. In Q2, the company’s net revenue was up 55% YoY to $196.9 million, and year to date, GoHealth’s net revenue is up 50% YoY to $401.1 million. Medicare-Internal revenue was up 84% to $160.4 million in Q2 2021, while YTD revenue was up 74% to $317.8 million compared to last…
Root Inc (NASDAQ:ROOT) Stock Falls 20% in a Week On Increased Volume
Root Inc (NASDAQ:ROOT) is down 20% in a week after the company announced worse than anticipated Q2 2021 financial results and also reduced its guidance for the rest of the year. The digital-focused insurance firm’s announcement backtracked gain the stock had ramped aftermarket trade on Wednesday following the announcement of a collaboration with and investment from Carvana, an online car dealer. According to Evercore ISI analyst David Motemaden highlights the…
LM Funding America Inc (NASDAQ:LMFA) Stock Hits One Month High After Positive Development
LM Funding America Inc (NASDAQ:LMFA) shares jumped 11% as investors responded positively to the company’s financial results for the quarter and six months ending June 30, 2021. The company reported net income attributable to the company of $11.1 million of $2.05 per diluted and basic share in Q2 2021 and income of $15.5 million or $2.95 per diluted and $2.96 per basic share for the six months. At the end…