Core Scientific's Options Frenzy: What You Need to Know
Whales with a lot of money to spend have taken a noticeably bullish stance on Core Scientific.
Looking at options history for Core Scientific CORZ we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $201,500 and 12, calls, for a total amount of $1,064,776.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $6.0 to $22.0 for Core Scientific over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Core Scientific’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Core Scientific’s substantial trades, within a strike price spectrum from $6.0 to $22.0 over the preceding 30 days.
Core Scientific 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORZ | PUT | SWEEP | BEARISH | 12/27/24 | $0.55 | $0.35 | $0.35 | $14.50 | $175.5K | 10 | 2.3K |
| CORZ | CALL | TRADE | NEUTRAL | 11/29/24 | $0.35 | $0.25 | $0.3 | $18.50 | $149.8K | 148 | 5.0K |
| CORZ | CALL | SWEEP | BULLISH | 12/20/24 | $3.5 | $3.4 | $3.4 | $14.00 | $139.7K | 26.0K | 2.0K |
| CORZ | CALL | TRADE | BEARISH | 12/20/24 | $3.5 | $3.4 | $3.4 | $14.00 | $129.8K | 26.0K | 915 |
| CORZ | CALL | SWEEP | BULLISH | 03/21/25 | $2.35 | $2.2 | $2.35 | $20.00 | $116.7K | 11.6K | 528 |
About Core Scientific
Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm’s owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.
Present Market Standing of Core Scientific
- Trading volume stands at 3,607,522, with CORZ’s price down by -0.26%, positioned at $17.5.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 109 days.
Expert Opinions on Core Scientific
5 market experts have recently issued ratings for this stock, with a consensus target price of $18.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
* Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Core Scientific, targeting a price of $18.
* In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $19.
* Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Core Scientific with a target price of $17.
* Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for Core Scientific, targeting a price of $17.
* An analyst from BTIG has decided to maintain their Buy rating on Core Scientific, which currently sits at a price target of $19.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Core Scientific, Benzinga Pro gives you real-time options trades alerts.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Unpacking the Latest Options Trading Trends in NVIDIA
Investors with a lot of money to spend have taken a bearish stance on NVIDIA NVDA.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with NVDA, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 213 uncommon options trades for NVIDIA.
This isn’t normal.
The overall sentiment of these big-money traders is split between 39% bullish and 51%, bearish.
Out of all of the special options we uncovered, 66 are puts, for a total amount of $3,248,837, and 147 are calls, for a total amount of $8,991,099.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $0.5 to $280.0 for NVIDIA over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for NVIDIA options trades today is 21214.15 with a total volume of 3,692,097.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for NVIDIA’s big money trades within a strike price range of $0.5 to $280.0 over the last 30 days.
NVIDIA 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NVDA | CALL | SWEEP | NEUTRAL | 12/06/24 | $2.68 | $2.67 | $2.67 | $147.00 | $135.3K | 5.0K | 3.7K |
| NVDA | CALL | SWEEP | BEARISH | 11/29/24 | $2.75 | $2.74 | $2.75 | $143.00 | $130.3K | 18.5K | 16.0K |
| NVDA | CALL | SWEEP | BEARISH | 11/29/24 | $3.25 | $3.2 | $3.2 | $142.00 | $87.0K | 9.6K | 5.4K |
| NVDA | CALL | SWEEP | BULLISH | 12/27/24 | $4.3 | $4.25 | $4.25 | $150.00 | $86.3K | 15.7K | 3.3K |
| NVDA | CALL | SWEEP | BEARISH | 11/29/24 | $0.72 | $0.7 | $0.7 | $150.00 | $72.8K | 71.2K | 51.9K |
About NVIDIA
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
NVIDIA’s Current Market Status
- Trading volume stands at 138,074,002, with NVDA’s price down by -3.12%, positioned at $142.1.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 89 days.
Professional Analyst Ratings for NVIDIA
In the last month, 5 experts released ratings on this stock with an average target price of $177.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
* An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $190.
* An analyst from Mizuho persists with their Outperform rating on NVIDIA, maintaining a target price of $175.
* An analyst from Raymond James has decided to maintain their Strong Buy rating on NVIDIA, which currently sits at a price target of $170.
* Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on NVIDIA with a target price of $175.
* Reflecting concerns, an analyst from Redburn Atlantic lowers its rating to Buy with a new price target of $178.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NVIDIA options trades with real-time alerts from Benzinga Pro.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Super Micro stock set to notch 70% weekly gain as company hires new auditor
Super Micro Computer (SMCI) stock continued its rebound Friday, with shares on track to record a weekly gain of more than 70%.
Shares of Super Micro — the AI server maker that uses Nvidia’s (NVDA) chips and has a major deal with Elon Musk’s xAI — rose over 8% in Friday trading to roughly $32. Even with that gain, shares are still far below highs above $120 in March following SMCI’s addition to the S&P 500.
The stock’s rally kicked off Monday in anticipation of Super Micro’s submission of a compliance plan to the Nasdaq (^IXIC) as it looks to avoid delisting. Shares skyrocketed when the company officially announced it had submitted the plan as well as hired a new auditor, BDO. Super Micro’s prior accountant, Ernst & Young, resigned in late October.
Super Micro has been grappling with the fallout from an August report by short seller firm Hindenburg Research, which pointed to alleged accounting malpractices, violations of export controls, and shady relationships between top executives and Super Micro partners. Following the Hindenburg report, Super Micro delayed filing its annual 10-K and most recent quarterly 10-Q reports to the Securities and Exchange Commission, which put the company at risk of being delisted from the Nasdaq. Super Micro is also reportedly being investigated by the Department of Justice.
The deluge of bad news has sent shares tumbling over the last few months. EY’s resignation in particular, pushed Super Micro stock down more than 30% in a single day in late October. The accountant wrote in its resignation letter that it was “unwilling to be associated with the financial statements prepared by [Super Micro] management.”
Adding to its woes, Super Micro’s fiscal first quarter earnings report on Nov. 5 missed Wall Street’s expectations. As Wedbush analyst Matthew Bryson wrote in a note to investors at the time, the company blamed lighter sales on delays of Nvidia’s Blackwell AI chips and issues with its SEC filings. Bryson maintains a neutral rating on the stock and recently lowered his price target for shares to $24 from $32.
Other firms such as Barclays (BCS), Wells Fargo (WFC) and KeyBanc have suspended coverage of the stock.
Super Micro said Monday that it is on track to submit delayed filings to the SEC “and become current with its periodic reports within the discretionary period available to the Nasdaq staff to grant.”
Wedbush’s Bryson wrote in a separate note on Nov. 19 in response to Monday’s news: “We see retaining a new auditor is a significant positive step for SMCI as it resolves perhaps the most substantial concern regarding SMCI’s ability to remain listed…and creates a potential path for SMCI to file its financials and restore NASDAQ compliance.”
ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q3 2024
OTTAWA, ON, Nov. 22, 2024 /PRNewswire/ – The Royal Canadian Mint (the “Mint”) announces its financial results for the third quarter of 2024 that provide insight into its activities, the markets influencing its businesses and its expectations for the next 12 months.
“As the markets continue to change, the Mint is proving its ability to seize on new opportunities thanks to its diversified structure and flexible business strategy” said Marie Lemay, President and CEO of the Royal Canadian Mint.
The financial results should be read in conjunction with the Mint’s annual report available at www.mint.ca . All monetary amounts are expressed in Canadian dollars, unless otherwise indicated.
Financial and Operational Highlights
- The financial results for the third quarter of 2024 were ahead of target and higher than 2023 levels. Higher gold market pricing and foreign circulation volumes combined with lower fixed costs were the main drivers for the quarter over quarter increase. These increases were partially offset by lower than expected bullion volumes from the continued soft demand in the global bullion market. The Mint expects to meet its financial goals for 2024, as set out in its 2024-2028 Corporate Plan, the Mint’s Leadership team continues to actively monitor its status.
- Consolidated revenue decreased to $252.7 million in 2024 (2023 – $360.6 million).
Revenue from the Precious Metals business decreased to $217.6 million in 2024
(2023 – $328.4 million):- Gold bullion volumes decreased 38% quarter over quarter to 106.1 thousand ounces (2023 – 170.1 thousand ounces) while silver bullion volumes decreased 20% to 2.7 million ounces (2023 – 3.4 million ounces).
- Gold and silver market prices increased quarter over quarter by 27% and 23%, respectively.
- Sales of numismatic products decreased 12% quarter over quarter mainly due to the high demand in 2023 for the Queen Elizabeth II’s Reign products.
- Revenue from the Circulation business increased to $35.1 million in 2024
(2023 – $32.2 million):- Revenue from the Foreign Circulation business increased 77% quarter over quarter, a reflection of higher volumes produced and shipped in 2024 as compared to 2023.
- Revenue from Canadian coin circulation products and services decreased 12% quarter over quarter as fewer coins were required to replenish inventories, combined with lower program fees in accordance with the memorandum of understanding with the Department of Finance.
- Overall, operating expenses decreased 27% quarter over quarter to $28.3 million (2023 – $36.0 million) mainly due to planned reductions in consulting and workforce expenses.
Consolidated results and financial performance
(in millions)
|
13 weeks ended |
39 weeks ended |
|||||||||||
|
Change |
Change |
|||||||||||
|
September |
September |
$ |
% |
September |
September 30, 2023 |
$ |
% |
|||||
|
Revenue |
$ |
252.7 |
$ 360.6 |
(107.9) |
(30) |
$ 861.2 |
$ 1,841.8 |
(980.6) |
(53) |
|||
|
Profit (loss) for the period |
$ |
5.7 |
$ (5.8) |
11.5 |
(198) |
$ 24.1 |
$ 15.0 |
9.1 |
61 |
|||
|
Profit (loss) before |
$ |
1.4 |
$ (8.7) |
10.1 |
(116) |
$ 12.3 |
$ 23.4 |
(11.1) |
(47) |
|||
|
Profit (loss) before |
0.6 % |
(2.4) % |
1.4 % |
1.3 % |
||||||||
|
(1) Profit (loss) before income tax and other items is a non-GAAP financial measure. A reconciliation from profit for the period to profit before income tax and other items is included on page 13 of the Mint’s 2024 Third Quarter Report. |
|
(2) Profit (loss) before income tax and other items margin is a non-GAAP financial measure and its calculation is based on profit before income tax and other items. |
|
As at |
||||||||||
|
September 28, 2024 |
December 31, 2023 |
$ Change |
% Change |
|||||||
|
Cash |
$ |
58.4 |
$ |
59.8 |
(1.4) |
(2) |
||||
|
Inventories |
$ |
71.5 |
$ |
68.8 |
2.7 |
4 |
||||
|
Capital assets |
$ |
174.2 |
$ |
173.0 |
1.2 |
1 |
||||
|
Total assets |
$ |
376.8 |
$ |
380.4 |
(3.6) |
(1) |
||||
|
Working capital |
$ |
99.2 |
$ |
97.8 |
1.4 |
1 |
||||
As part of its enterprise risk management program, the Mint continues to actively monitor its global supply chain and logistics networks in support of its continued operations. Despite its best efforts, the Mint expects changes in the macro-economic environment and other external events around the globe to continue to impact its performance in 2024. The Mint continues to mitigate potential risks as they arise through its enterprise risk management process.
To read more of the Mint’s Third Quarter Report for 2024, please visit www.mint.ca.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours. As an established London and COMEX Good Delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations.
For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on LinkedIn, Facebook and Instagram.
FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES
This Earnings Release contains non-GAAP financial measures that are clearly denoted where presented. Non-GAAP financial measures are not standardized under International Financial Reporting Standards (IFRS) and might not be comparable to similar financial measures disclosed by other corporations reporting under IFRS.
This Earnings Release contains forward-looking statements that reflect management’s expectations regarding the Mint’s objectives, plans, strategies, future growth, results of operations, performance, and business prospects and opportunities. Forward-looking statements are typically identified by words or phrases such as “plans”, “anticipates”, “expects”, “believes”, “estimates”, “intends”, and other similar expressions. These forward-looking statements are not facts, but only estimates regarding expected growth, results of operations, performance, business prospects and opportunities (assumptions). While management considers these assumptions to be reasonable based on available information, they may prove to be incorrect. These estimates of future results are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Mint expects. These risks, uncertainties and other factors include, but are not limited to, those risks and uncertainties set forth in the Risks to Performance section of the Management Discussion and Analysis in the Mint’s 2023 annual report, as well as in Note 9 – Financial Instruments and Financial Risk Management to the Mint’s Audited Consolidated Financial Statements for the year ended December 31, 2023. The forward-looking statements included in this Earnings Release are made only as of November 20, 2024 and the Mint does not undertake to publicly update these statements to reflect new information, future events or changes in circumstances or for any other reason after this date.
View original content:https://www.prnewswire.com/news-releases/royal-canadian-mint-reports-profits-and-performance-for-q3-2024-302314406.html
SOURCE Royal Canadian Mint (RCM)
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Michael Gianoni Executes Sell Order: Offloads $2.37M In Blackbaud Stock
Revealing a significant insider sell on November 21, Michael Gianoni, President and CEO at Blackbaud BLKB, as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that Gianoni executed a sale of 28,571 shares of Blackbaud with a total value of $2,370,648.
Monitoring the market, Blackbaud‘s shares up by 0.01% at $85.38 during Friday’s morning.
Get to Know Blackbaud Better
Founded in 1981, Blackbaud provides software solutions designed to serve the “social good” community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside core fundraising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.
Blackbaud’s Economic Impact: An Analysis
Revenue Growth: Blackbaud displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.28%. This indicates a notable increase in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Interpreting Earnings Metrics:
-
Gross Margin: With a low gross margin of 55.53%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
-
Earnings per Share (EPS): With an EPS below industry norms, Blackbaud exhibits below-average bottom-line performance with a current EPS of 0.41.
Debt Management: Blackbaud’s debt-to-equity ratio surpasses industry norms, standing at 1.9. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Financial Valuation Breakdown:
-
Price to Earnings (P/E) Ratio: Blackbaud’s current Price to Earnings (P/E) ratio of 84.52 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
-
Price to Sales (P/S) Ratio: The current P/S ratio of 3.97 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Blackbaud’s EV/EBITDA ratio at 20.47 suggests potential undervaluation, falling below industry averages.
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Exploring the Significance of Insider Trading
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In legal terms, an “insider” refers to any officer, director, or beneficial owner of more than ten percent of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
Important Transaction Codes
Delving into transactions, investors typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Blackbaud’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Market Whales and Their Recent Bets on CEG Options
Whales with a lot of money to spend have taken a noticeably bullish stance on Constellation Energy.
Looking at options history for Constellation Energy CEG we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $899,650 and 9, calls, for a total amount of $374,012.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $270.0 for Constellation Energy during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Constellation Energy’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Constellation Energy’s significant trades, within a strike price range of $100.0 to $270.0, over the past month.
Constellation Energy Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEG | PUT | TRADE | BULLISH | 01/17/25 | $3.1 | $2.8 | $2.8 | $210.00 | $708.4K | 3.1K | 2.5K |
| CEG | PUT | SWEEP | BEARISH | 04/17/25 | $37.5 | $37.4 | $37.5 | $270.00 | $191.2K | 95 | 60 |
| CEG | CALL | SWEEP | BEARISH | 01/17/25 | $23.4 | $21.6 | $21.96 | $240.00 | $98.8K | 1.2K | 45 |
| CEG | CALL | TRADE | BULLISH | 01/16/26 | $156.5 | $154.5 | $156.5 | $100.00 | $46.9K | 14 | 3 |
| CEG | CALL | SWEEP | BULLISH | 12/20/24 | $18.6 | $18.0 | $18.6 | $240.00 | $40.5K | 1.1K | 354 |
About Constellation Energy
Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.
Following our analysis of the options activities associated with Constellation Energy, we pivot to a closer look at the company’s own performance.
Where Is Constellation Energy Standing Right Now?
- With a volume of 1,059,895, the price of CEG is down -0.29% at $251.11.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 95 days.
Professional Analyst Ratings for Constellation Energy
4 market experts have recently issued ratings for this stock, with a consensus target price of $273.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from BMO Capital persists with their Outperform rating on Constellation Energy, maintaining a target price of $291.
* Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Constellation Energy with a target price of $270.
* Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Constellation Energy, targeting a price of $298.
* An analyst from Mizuho persists with their Neutral rating on Constellation Energy, maintaining a target price of $235.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Constellation Energy options trades with real-time alerts from Benzinga Pro.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A Look at Semtech's Upcoming Earnings Report
Semtech SMTC is set to give its latest quarterly earnings report on Monday, 2024-11-25. Here’s what investors need to know before the announcement.
Analysts estimate that Semtech will report an earnings per share (EPS) of $0.23.
Semtech 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).
Historical Earnings Performance
The company’s EPS beat by $0.02 in the last quarter, leading to a 11.19% increase in the share price on the following day.
Here’s a look at Semtech’s past performance and the resulting price change:
| Quarter | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|
| EPS Estimate | 0.09 | 0.11 | -0.03 | -0.13 |
| EPS Actual | 0.11 | 0.06 | -0.06 | 0.02 |
| Price Change % | 11.0% | -2.0% | -1.0% | 16.0% |
Semtech Share Price Analysis
Shares of Semtech were trading at $50.9 as of November 21. Over the last 52-week period, shares are up 210.74%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Semtech visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Halozyme Withdraws Evotec Bid After Rebuff, Reaffirms Strong Growth Outlook
Halozyme Therapeutics, Inc. HALO saw its shares rise on Friday after the company announced it was withdrawing its proposal to acquire Evotec SE EVO for 11 euro ($11.44) per share in cash, implying a fully diluted equity value of 2.0 billion euro.
This move comes after prolonged efforts to engage with Evotec, which expressed its desire to remain independent, Halozyme said.
In addition to this, Halozyme reaffirmed its strong business outlook, with its 2024 guidance signaling continued growth.
The company expects revenue between $970 million and $1.02 billion ($1.003 billion) and an adjusted EBITDA range of $595 million to $625 million, reflecting significant double-digit growth.
Halozyme is confident in its ability to execute its strategy, with the goal of achieving ten approved products with ENHANZE by 2025 and $1 billion in royalty revenue by 2027.
Also Read: US Business Activity Soars To 31-Month Highs In November: Small Caps Rally, Dow Tops 44,000
Helen Torley, CEO of Halozyme, explained that although the merger would have created a leading global pharma services company, Evotec was not open to further discussions.
Halozyme’s efforts to engage with Evotec’s leadership, including multiple requests for meetings, were unsuccessful, leading to the decision to withdraw the offer.
“A company spokesperson has publicly commented that its goal is to remain an independent company,” said Helen Torley, president and chief executive officer of Halozyme regarding Evotec, adding that “our multiple requests to meet were not accepted”.
“Evotec has taken notice of the statement made by Halozyme Therapeutics Inc. on 22 November, stating that it has withdrawn its non-binding proposal to acquire Evotec for EUR11.00 per share in cash,” Evotec said in a response.
Price Action: HALO shares are trading higher by 6.21% to $48.54 at last check Friday, while EVO shares are down 18.8% to $4.345.
Photo via Shutterstock
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A Look at Leslies's Upcoming Earnings Report
Leslies LESL is set to give its latest quarterly earnings report on Monday, 2024-11-25. Here’s what investors need to know before the announcement.
Analysts estimate that Leslies will report an earnings per share (EPS) of $0.11.
Anticipation surrounds Leslies’s announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Historical Earnings Performance
Last quarter the company missed EPS by $0.08, which was followed by a 14.49% increase in the share price the next day.
Here’s a look at Leslies’s past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.42 | -0.18 | -0.21 | 0.18 |
| EPS Actual | 0.34 | -0.17 | -0.20 | 0.14 |
| Price Change % | 14.000000000000002% | 11.0% | 2.0% | -10.0% |
Market Performance of Leslies’s Stock
Shares of Leslies were trading at $2.87 as of November 20. Over the last 52-week period, shares are down 49.74%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Leslies visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trump Media's TruthFi Gamble Tests Bulls And Bears
Trump Media & Technology Group Corp DJT boasts an 82.88% gain over the past year. Yet recent months have tested the resolve of its bulls, with a 30.17% dip over six months and a 9.45% slide in the last month.
The Truth Social parent company is now exploring a cryptocurrency payment service, TruthFi, as reported by the Financial Times.
Is this the diversification move the stock needs to regain its upward momentum?
Read Also: Trump Media Trademark Filing For ‘TruthFi’ Hints At Potential Digital Wallets, Asset Trading
DJT Stock Chart: Bulls & Bears Playing Tug-O-War
DJT’s technical indicators paint a mixed picture.
Chart created using Benzinga Pro
DJT stock, at $30.77, sits above its eight-day simple moving average (SMA) of $29.75, offering a short-term bullish signal.
Yet, its 20-day SMA of $33.53 looms as a resistance point, giving a bearish signal. The 50-day SMA at $26.60 reinforces a bullish undertone for the intermediate term, but the 200-day SMA at $34.45 suggests broader bearish pressure.
Momentum indicators add complexity: the moving average convergence/divergence (MACD) indicator sits at 0.18, a bullish signal, while the relative strength index (RSI) at 50.16 hovers in neutral territory.
DJT stock traders are likely watching closely for any confirmation of a breakout or breakdown from these levels.
TruthFi: Crypto Catalyst Or Diversification Dilemma?
Trump Media’s trademark application for TruthFi hints at ambitions to leverage the crypto wave. If launched, TruthFi could extend beyond payment processing to include trading and asset management, positioning DJT as more than a social media play. The nascent nature of these plans — compounded by broader market skepticism — leaves the timeline and impact uncertain.
Trump Media is also reportedly interested in buying Bakkt. Shares of the crypto custody startup skyrocketed 160% on the rumors, but no concrete deal has materialized.
President-elect Donald Trump‘s signaling of crypto-friendly regulation will likely benefit DJT stock as well.
What’s Next For DJT Stock?
While bulls may see Trump Media’s entry into crypto as the next growth catalyst, bears argue the stock’s technical resistance and uncertain fundamentals warrant caution.
For now, traders find themselves at an inflection point, waiting to see whether TruthFi’s promise can materialize into profits — and whether DJT can move the needle in either direction.
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