PLBY Group: Canaccord Nearly Doubles Price Target
PLBY Group (NASDAQ: PLBY) reported their first quarter financial results earlier this week. The company reported revenues of $42.68 million, an increase of 34% year over year, as direct to consumer revenue led the growth with a 114% increase. EBITDA came in at $6.7 million. PLBY has only three analysts covering the company with a […]
Canaccord Reiterates $0.00 Price Target On Medmen
Medmen Enterprises’ (CSE: MMEN) reported their fiscal third quarter 2021 financial results on May 11th after market close. The company reported revenue of $32.03 million, a profit margin of 41.6%, and an operating margin rate of (120.9%). Much to our surprise, Medmen has four analysts covering the company, with a weighted 12-month price target of […]
Elon Musk Sends Dogecoin Soaring After Tweeting He’s ‘Working with Doge Devs’ On Potential Improvements
Elon Musk is at it again: this time, causing a surging rally in the price of dogecoin with a single tweet, which announced he is working alongside its developers to refine the meme digital token. Although the Tesla CEO sent the price of dogecoin plummeting during his guest appearance on Saturday Night Live last week […]
Sundial: Canaccord Raises Price Target Following Q1 Results
Sundial Growers (NASDAQ: SNDL) reported its first-quarter results on May 11th after the bell. The company reported net revenue of $9.89 million, down from $13.85 million, and marked the third consecutive quarter of declining revenue growth. The company reported positive income from operations due in part to the government giving them $2.18 million in assistance. […]
Cognetivity: Developing Tech For Early Detection Of Alzheimer’s – The Daily Dive feat Sina Habibi
For the final episode of The Deep Dive this week, we sit down with Sina Habibi, CEO of Cognetivity Neurosciences (CSE: CGN). Sina Habibi joins us to discuss Alzheimer’s disease, what lead to the development of Cognetivity and how the tech works, the challenges in having new medical tech adopted, and its recent partnership with […]
Elon Musk’s Bitcoin Comments Trigger $365 Billion Sell-Off In Crypto Market
The world’s largest digital asset, bitcoin, plummeted sharply following Tesla CEO Elon Musk’s twitter comments on Wednesday resulting in hundreds of billions of dollars in losses. Bitcoin fell to a new low of $45,700 on Wednesday— the lowest since the beginning of March, before recovering to nearly $49,000 at the time of writing. The sudden […]
Hyundai Commits US$7.4 Billion Investment To Manufacture Electric Cars In The US
Hyundai Motor Company (KRX: 005380) announced Thursday its plans to invest US$7.4 billion in the United States by 2025. The investment is earmarked to chiefly push the electric vehicle agenda of Hyundai and its affiliate carmaker Kia Corporation (KRX: 000270). This announcement came before the scheduled state visit of South Korean President Moon Jae-in in […]
NG Energy Successfully Reenters Istanbul-1 Well
NG Energy International (TSXV: GASX) has seen the successful re-entry of the Isntabul-1 well. The re-entry was done as part of an ongoing evaluation program of the Maria Conchita gas field, and follows the successful re-entry of another well in August 2020. Preliminary testing in several zones of the well has indicated that gas has […]
BMO Upgrades Magna International Following Strong Quarterly Results
Magna International (TSX: MG) reported earnings on May 6th pre market, with the results surprising investors. The company ended the day up 2.23%, showing revenues of $10.18 million with a gross margin of only 15%, while net margin came in at 6%, or $615 million. A few analysts changed their price targets on Magna after […]
US Home Prices Surge Most on Record as Fed Continues to Increase MBS Holdings
It appears that this week has been revelational for the US economy, as a number of telltale signs point to scorching-hot inflation. According to the National Association of Realtors (NAR), the median price for a single-family home soared by the most on record last quarter, jumping by 16.2% year-over-year to $319,200. NAR chief economist Lawrence […]