Latest news with #TheFly
Business Insider
19 hours ago
- Business
- Business Insider
Musk's xAI to make kid-friendly app called Baby Grok
On social media platform X, Elon Musk wrote: 'We're going to make Baby Grok @xAI, an app dedicated to kid-friendly content.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
a day ago
- Business
- Yahoo
Piper Sandler Initiates Coverage of National Energy Services Reunited (NESR) Stock With an Overweight Rating
National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the Best Beaten Down Stocks to Buy Now. Piper Sandler initiated coverage of the company's stock with an 'Overweight' rating and a price objective of $11, as reported by The Fly. Notably, the firm expects a challenging backdrop for US land and is expecting a persistent negative rate-of-change environment for the balance of 2025, with the decline in U.S. land rig count. However, National Energy Services Reunited Corp. (NASDAQ:NESR) highlighted that operational execution was strong across Q1 2025, thanks to the continued improved processes, streamlined procedures, and reinforced internal controls. A drilling rig in action, operated by an oilfield services team. Despite the global economic headwinds, National Energy Services Reunited Corp. (NASDAQ:NESR) believes that conditions in the MENA region are supportive of growth, and it is focused on core strategic priorities. These include reporting profitable revenue growth, enhancing execution efficiency, commercializing new technology, as well as improving debt reduction and working capital efficiency to help long-term financial performance. National Energy Services Reunited Corp. (NASDAQ:NESR)'s net debt to adjusted EBITDA ratio was below 1.0, ending Q1 2025 at 0.93 as of March 31, 2025. This reflects a significant improvement from 1.30 as of March 31, 2024. National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the leading national oilfield services providers. While we acknowledge the potential of NESR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
2 days ago
- Business
- Business Insider
Azitra files to sell 2.25M shares of common stock for holders
The company is not selling any securities under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
2 days ago
- Business
- Yahoo
KeyBanc Downgrades Simulations Plus (SLP) Stock to Sector Weight
Simulations Plus, Inc. (NASDAQ:SLP) is one of the KeyBanc downgraded the company's stock to 'Sector Weight' from 'Overweight' without a price target, as reported by The Fly. The downgrade from the firm highlighted ongoing challenges in the biopharma end market environment, which the firm opines impacts Simulations Plus, Inc. (NASDAQ:SLP) more severely because of the customer concentration and biotech exposure. Furthermore, the firm expects weaker customer demand to continue in the near-to-middle-term. A close-up view of a scientist's hand pressing keys on a laptop as another looks closely at a 3-D model on a large monitor. In Q3 2025, Simulations Plus, Inc. (NASDAQ:SLP)'s revenue increased by 10%, in line with its preliminary revenue. The company's software revenue performed well, increasing 6%, mainly because of its ADMET Predictor® software and due to modest growth in its GastroPlus® and MonolixSuiteTM software. Furthermore, the services revenue for Q3 2025 increased 17%, primarily because of strong performance in the Medical Communications services. During Q3 2025, Simulations Plus, Inc. (NASDAQ:SLP) implemented a strategic reorganization, pivoting from a business unit structure to a functionally driven operating model. This was the final phase of a multi-year transformation in order to streamline operations, unlock synergies, and concentrate resources towards the promising growth opportunities. For FY 2025, Simulations Plus, Inc. (NASDAQ:SLP) expects revenue of between $76 million – $80 million. Wasatch Global Investors, an asset management company, released its Q3 2024 investor letter. Here is what the fund said: 'Simulations Plus, Inc. (NASDAQ:SLP) was the strategy's largest detractor from performance during the quarter. The company develops and produces software that helps pharmaceutical companies achieve efficiencies in the drug discovery process by enabling them, through simulations, to either fine-tune or avoid clinical trials, which are expensive and have a high failure rate. Simulations Plus has a long track record of delivering consistent growth and margin expansion. However, the stock has been down due to concerns about the funding environment for biotechnology and pharmaceutical companies. We reduced our position in Simulations Plus over concerns linked to the company's recent acquisition strategy, which we will continue to monitor. However, we remain confident in the growth potential of the company's core business.' Simulations Plus, Inc. (NASDAQ:SLP) is in the software industry. It is engaged in developing and producing software for use in pharmaceutical research and for education, and offers consulting as well as contract research services to the broader pharmaceutical industry. While we acknowledge the potential of SLP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Morgan Stanley Upgrades Valley National Bancorp (VLY) Stock to Overweight, Raises PT
Valley National Bancorp (NASDAQ:VLY) is one of the Morgan Stanley upgraded the company's stock to 'Overweight' from 'Equal Weight' with a price objective of $11, up from the prior target of $10, as reported by The Fly. This upgrade reflects the company's actions over the past 12 months to improve its balance sheet, reduce the commercial real estate concentration, increase reserve ratios, as well as build capital. A business customer signing a commercial real estate loan document, representing the financial products offered. Notably, the firm also noted that Valley National Bancorp (NASDAQ:VLY) has successfully lowered its deposit costs to improve NIM, and additional improvement is anticipated when interest rates decrease further. Overall, the firm's analyst opines that the balance sheet improvement and earnings growth story are not being reflected in the current valuation. In Q1 2025, Valley National Bancorp (NASDAQ:VLY) saw continued improvement in its funding base. The core deposit growth enabled it to further reduce its dependency on the indirect deposits, benefiting its revenue and NIM. Furthermore, the company expects that additional core deposit growth can create a sustainable tailwind amidst the volatile current operating environment. Valley National Bancorp (NASDAQ:VLY) operates as the holding company for Valley National Bank, which offers commercial, private banking, retail, insurance, and wealth management financial services products. While we acknowledge the potential of VLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
