Latest news for Fisker (OTC:FSRNQ) Stock

Fisker Inc is revolutionizing the automotive industry by developing emotionally desirable and eco-friendly electric vehicles on Earth. The company is an e-mobility service provider with sustainable vehicles.

Fisker Inc

<p>Roth MKM  analyst Suji Desilva   maintains ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) with a Buy and raises the price target from $90 to $100.</p>


News

Price Target

Analyst Ratings

Roth MKM Maintains Buy on ON Semiconductor, Raises Price Target to $100

GOOG

GOOGL

Google Says Adding Asset-Level Conversion Reporting To Performance Max, Expanding Asset Generation To App & Display Campaigns, Improving Image Editing; AI-Powered Image Editing Features Now Available Globally In English To All Advertisers, With More Languages Coming Later This Year

<p>On Monday, McDonald&rsquo;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>) reported its second quarter results that showed it is having a challenging time, missing Wall Street estimates as it continues to lose low-income consumers. Softening sales at McDonald&rsquo;s is an alarm for the industry and its peers like Chipotle Mexican Grill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) who is due to report its latest earnings on Wednesday, as pinched consumers grapple with a challenging macroeconomy.&nbsp;</p>
<p>McDonald&#39;s first sales drop since 2020 is a&nbsp;warning for the wider industry.</p>
<p>Like McDonald&rsquo;s and Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>), Chipotle also continued to raise prices to cope with rising costs. While McDonald&rsquo;s and Starbucks have also been dealing with boycotts due to the Israel-Hamas war, Chipotle has been facing social media complaints regarding reduced and inconsistent portion sizes. But Wall Street still expects Chipotle to hold onto its strong momentum with second quarter earnings. Starbucks will be reporting its earnings after the closing bell on Tuesday. Like McDonald&rsquo;s, Starbucks is also likely to post a drop as the world&rsquo;s largest coffee is facing intense competition. Starbucks also raised its coffee prices and its April quarter was surprisingly weak both on the top- and bottom-line fronts owed to a sharp decline in orders, resulting it&rsquo;s the first same-store YoY sales drop since late 2020. But Starbucks is more of an &ldquo;experiential&rdquo; brand while McDonald&rsquo;s is about the value-for-money. With its turnaround plan yet to play out, Starbucks is in for some kind for reinvention, while McDonald&rsquo;s &nbsp;discounts to combat falling traffic.</p>
<h3>A Challenging Second Quarter</h3>
<p>For the quarter ended on June 30th, McDonald&rsquo;s reported revenue of&nbsp;$6.49 billion&nbsp;that was short of LSEG&rsquo;s consensus estimate of $6.61 billion. Store&nbsp;sales contracted 1%, falling for the first time since 2020&rsquo;s fourth quarter, while StreetAccount expected growth of 0.4%. U.S. same stores alone shrank 0.7% YoY.&nbsp;</p>
<p>Net income dropped to&nbsp;$2.02 billion, or $2.80 per share. When adjusted for one-time items, such as by excluding the future sale of its South Korean business, McDonald&rsquo;s earnings per share amounted to $2.97, which is also below LSEG&rsquo;s consensus estimate of $3.07&nbsp;per share.</p>
<p>Outlook does not include better times ahead.</p>
<p>Executives expect these challenges to linger throughout the year, with weakened customers struggling with a higher cost of living in a highly competitive environment.</p>
<p>McDonald&rsquo;s needs to find a way to retrieve low-income consumers.</p>
<p>Raising menu prices about 40% on average in the U.S. alone since 2019 finally caught up to McDonald&rsquo;s that now needs to revitalize its customer traffic.&nbsp;&nbsp;</p>
<p>CEO Chris Kempczinski&nbsp;stated that&nbsp;recent $5 value meal offering was initially successful in changing the narrative, but it cannot translate into higher sales over night&nbsp;as it was rolled out only days before the second quarter ended, on June 25th&nbsp;to be exact. Last week, McDonald&rsquo;s used to extend the offering as it did bring back low-income customers, exceeding year-to-date daily visit averages, according to a report from Placer.ai. Admitting that the brand&rsquo;s value leadership has contracted, Kempczinski noted that the fast-food legend is the one who write playbook when it comes to value and consumers still recognize the brand&nbsp;as the value leader compared to its rivals, assuring that the fast-food chain is working actively to regain its edge.</p>
<p><em>DISCLAIMER:&nbsp;This content is for informational purposes only. It is not intended as investing advice.</em></p>
<p class="contributor-disclaimer"><em>This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.</em></p>


SBUX

McDonald's Is Definitely Having A Tough Year With Weakened Value Leadership

LRLCY

L'Oreal Q2 North Asia Comp Sales -2.4% Vs -0.62% Est.

WIIM

RNGR

Ranger Energy Services shares are trading higher. The company reported Q2 financial results.

<p>Tuesday, <strong>Repligen Corporation</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) reported second-quarter sales of $154.1 million, almost in line with the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate of $154.12 million</a>.</p>
<p>The company reported second-quarter adjusted gross margin of 49.6% <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40033920/repligen-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">compared to 50.2% a year ago</a>.</p>
<p>The adjusted operating margin fell from 18.5% to 10.1%, and the EBITDA margin was 15.2%, down from 24.2% a year ago.</p>
<p><strong>Tony J. Hunt</strong>, CEO of Repligen, said, &#8220;We delivered solid second-quarter revenue of $154 million and first-half revenue of $305 million, achieving our year-to-date sales target. We are very encouraged by orders in the quarter, with continued strength in Pharma demand and a pickup in CDMO activity. New modalities continued to show strong year-over-year momentum in both revenue and orders.&#8221;</p>
<p>The company reported an adjusted EPS of 33 cents, which is in line with the consensus but below $0.53 reported a year ago.</p>
<p>In June, Repligen approved the planned transition of <strong>Tony J. Hunt</strong> from CEO to Executive Chair, <a href="https://www.benzinga.com/pressreleases/24/06/g39308087/repligen-announces-ceo-transition-plan" target="_blank" rel="noreferrer noopener">effective Sept. 1, 2024</a>.</p>
<p>The company appointed <strong>Olivier Loeillot</strong> to succeed Hunt as president and CEO.</p>
<p>Repligen &#8220;strengthened&#8221; its Proteins business with new product launches and has a pending acquisition of Tantti Laboratory, Hunt noted. The second half of 2024 will &#8220;outpace the first half on both revenue and orders,&#8221; he added.</p>
<p><strong>Guidance:</strong> Repligen expects 2024 revenues of $620 million—$635 million, compared to prior guidance of $620 million—$650 million and the consensus of $636.6 million.</p>
<p>The company reaffirms 2024 adjusted EPS guidance of $1.42-$1.49 versus consensus of $1.45.</p>
<p>William Blair views Repligen&#8217;s guide as among the least safe in the space, given that it was contingent upon ordering improving in the second/third quarter. Therefore, the analyst is not surprised by the guidance cut. The analyst notes that the magnitude of the cut was less than feared.</p>
<p>Despite the guidance cut, management noted an improved book-to-bill of 1.02x (a step up from the first-quarter book-to-bill of 0.99x). Further, management reiterated that it expects double-digit non-COVID revenue growth in the year&#8217;s second half.</p>
<p>The analyst keeps <a target="_blank" href="https://www.benzinga.com/quote/RGEN/analyst-ratings" rel="noreferrer noopener">the Outperform rating</a>.</p>
<p><strong>Price Action: </strong>RGEN stock is up 11.3% at $153.61 at last check Tuesday.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/general/biotech/24/07/40037079/pfizer-marks-first-revenue-growth-since-covid-revenue-peak-in-2022-lifts-annual-guidance" target="_blank" rel="noreferrer noopener">Pfizer Marks First Revenue Growth Since COVID Revenue Peak In 2022, Lifts Annual Guidance</a>.</strong></li>
</ul>
<p>Image: </p>


Analyst Color

Earnings

Large Cap

Guidance

Health Care

Movers

Trading Ideas

General

RGEN

Repligen Lowers Guidance On China Weakness, Analyst Expects

<p>Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.</p>
<p>Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.</p>
<p>We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:</p>
<h3><strong>SPDR S&amp;P 500 ETF Trust </strong></h3>
<p>The SPY (ARCA: SPY) is currently trading near our key level of 545.24. For the bulls, we want to see an upward move initially to 546.46. If the price action holds above 546.46, we&#39;re looking for buyers to drive the price to our resistance level of 547.56. Should 547.56 hold firm during regular trading hours, we&#39;d expect a further push to 548.13. Our high bull target for SPY today is set at 549.00.</p>
<p>If 545.24 fails to hold as support, we&#39;re looking for the bears to test the 544.04 level. Should sellers maintain pressure, the next target is 542.93. A breakdown of 542.93 on heavy selling could lead to a test of strong support at 541.49. If today&#39;s session is particularly bearish, our low bear target for SPY is 540.07.</p>
<h3><strong>Invesco QQQ Trust Series 1 </strong></h3>
<p>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) The QQQ is currently trading around our significant level of 465.93. For the bulls, we need to see buyers maintaining this level. If 465.93 can be upheld as support, we anticipate a move to 467.60. Continued bullish momentum might bring the 469.27 level into play. Should the buying pressure persist, a higher test at 471.33 is likely. Our high bull target for QQQ today is 474.66.</p>
<p>Should the QQQ struggle to stay above 465.93 during regular trading hours, we expect the bears to push the price down to 463.56. If we observe further weakness, the next level to watch is 462.14. Persistent selling could drive the price down to 460.55. If this level does not hold, the bears may target a low of 458.83 for the day.</p>
<h3><strong>Apple Inc.</strong></h3>
<p>Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is trading near our critical level of 219.19. For bullish traders, we want to see 219.19 hold as a support level. If this level remains firm, a move to 220.29 is on the cards. Sustained bullish momentum might push the price up to 220.97. If the bulls take control today, we aim for a high bull target at 221.66.</p>
<p>If 219.19 does not hold during the trading session, we anticipate a lower test at 218.08. Continued selling pressure could drive the price down to 216.70. If sellers dominate, the next level to watch is 215.25. Should this level break, our low bear target for Apple is 214.07.</p>
<h3><strong>Microsoft Corp.</strong></h3>
<p>Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading around our pivotal level of 427.36. For the bulls, maintaining strength above 427.36 and pushing the price to 428.48 is crucial. If this level is held as support during regular trading hours, we could see an upward move targeting 429.25. Persistent buying could push the price to our high bull target of 430.25 for the day.</p>
<p>If 427.36 fails as support, we look for the bears to test 426.00. Breaking this level could lead to a further decline to 425.16. Continued downside pressure might push the price to 423.81. Our low bear target for Microsoft today is 422.84.</p>
<h3><strong>NVIDIA Corporation</strong></h3>
<p>NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is currently trading near our key level of 110.73. For the bulls, the goal is to push the price up to 111.70 and secure this level as a solid support. If successful, the next target is 112.54. Sustained buying could see the price rally to 113.68. Our high bull target for NVIDIA today is 114.29.</p>
<p>Should 110.73 fail as a support level, we expect the bears to test lower at 109.86. A breakdown here could lead to a decline to 109.12. If the auction weakens further, the price might test 107.51. On heavy selling, our low bear target for NVIDIA is 106.30.</p>
<h3><strong>Alphabet Inc Class A </strong></h3>
<p>Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is trading around our significant level of 169.34. For the bulls, holding 169.34 as support and pushing higher to 171.14 is essential. Continued bullish action could drive the price to our high bull target of 172.28.</p>
<p>If 169.34 does not hold during regular trading hours, we expect the bears to drive the price down to 167.04. A further breakdown could see the price test 165.41. On significant selling, our low bear target for Alphabet is 163.79.</p>
<h3><strong>Meta Platforms Inc </strong></h3>
<p>Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently trading near our critical level of 465.81. For the bulls, holding this level as support and pushing higher to 468.38 is key. A strong bullish auction could move the price to 470.28. Continued momentum might bring our high bull target of 472.19 into play.</p>
<p>If 465.81 fails to hold as support, we look for the bears to drive the price down to 464.57. Continued selling pressure could see the price move lower to 462.20. If this level breaks, our low bear target for Meta is 458.59.</p>
<h3><strong>Tesla Inc.</strong></h3>
<p>Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is currently trading around our key level of 230.65. For the bulls, pushing the price up to 233.49 is important. Continued buying momentum could see a rally to 235.74. If the broader market trends bullish, Tesla might test higher levels at 238.50. On strong buying, our high bull target for Tesla is 239.92.</p>
<p>Should 230.65 fail as support, we expect a test lower at 228.45. Continued selling might bring 226.53 into focus. If this level breaks, we anticipate a drop to our low bear target for Tesla at 223.98.</p>
<p>Final Word: Today&#39;s session will be significantly influenced by several key economic data releases. At 9 AM ET, the FHFA House Price Index for May will be released, providing insight into the housing market&#39;s health. At 10 AM ET, we have the JOLTS Job Openings for June and the Conference Board Consumer Confidence for July. These reports will offer a snapshot of labor market conditions and consumer sentiment, respectively.</p>
<p>These data releases come just a day before the FOMC rate decision, which will be closely watched by market participants. Traders are likely to position themselves ahead of this crucial event, adding to potential volatility in today&#39;s session. Be prepared for swift market movements, trade carefully, keep your head on a swivel, and good luck!</p>
<p>The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.</p>
<p>Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.</p>
<p>For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.</p>
<p class="contributor-disclaimer"><em>This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.</em></p>


Markets

AAPL

MSFT

NVDA

TSLA

Market Clubhouse Morning Memo - July 30th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

<p>Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) in the last three months.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $70.09, with a high estimate of $86.00 and a low estimate of $62.00. This upward trend is evident, with the current average reflecting a 4.05% increase from the previous average price target of $67.36.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355279_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>The standing of Citigroup among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$79.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$67.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Stephen Biggar</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$72.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$73.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$86.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$62.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$66.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$69.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$66.00</td>
<td>$63.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Citigroup. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Citigroup compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Citigroup's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Citigroup's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/C/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Citigroup analyst ratings.</strong></a></p>
<h2>Discovering Citigroup: A Closer Look</h2>
<p>Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.</p>
<h3>Citigroup: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Citigroup faced challenges, resulting in a decline of approximately <strong>-4.5%</strong> in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>15.97%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Citigroup's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>1.7%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Citigroup's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>0.13%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Citigroup's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>1.68</strong>.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Unveiling 11 Analyst Insights On Citigroup

<p>11 analysts have shared their evaluations of Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $137.27, with a high estimate of $147.00 and a low estimate of $124.00. This current average has increased by 9.64% from the previous average price target of $125.20. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355262_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>A comprehensive examination of how financial experts perceive Targa Resources is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sunil Sibal</td>
<td>Seaport Global</td>
<td>Raises</td>
<td>Buy</td>
<td>$141.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$142.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Christine Cho</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$138.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>John Staszak</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Shneur Gershuni</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$147.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$140.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jeremy Tonet</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Elvira Scotto</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Michael Blum</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$124.00</td>
<td>$109.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Targa Resources. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Targa Resources compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Targa Resources's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Targa Resources's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TRGP/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Targa Resources analyst ratings.</strong></a></p>
<h2>About Targa Resources</h2>
<p>Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.</p>
<h3>Targa Resources's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Targa Resources showcased positive performance, achieving a revenue growth rate of <strong>0.93%</strong> as of 31 March, 2024. This reflects a substantial 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 Energy sector.</p>
<p><strong>Net Margin:</strong> Targa Resources's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>6.03%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Targa Resources's ROE excels beyond industry benchmarks, reaching <strong>10.11%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Targa Resources's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>1.33%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Targa Resources's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>4.86</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


TRGP

Expert Outlook: Targa Resources Through The Eyes Of 11 Analysts

<p>4 analysts have shared their evaluations of Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for Brixmor Property Group, revealing an average target of $24.62, a high estimate of $26.00, and a low estimate of $23.00. Observing a downward trend, the current average is 1.52% lower than the prior average price target of $25.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355255_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The perception of Brixmor Property Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$25.50</td>
<td>$24.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Michael Mueller</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$26.00</td>
<td>$27.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Brixmor Property Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Brixmor Property Group compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Brixmor Property Group's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Capture valuable insights into Brixmor Property Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/BRX/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Brixmor Property Group analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Brixmor Property Group</h2>
<p>Brixmor Property Group Inc is a real estate investment trust based in the United States. The company owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers across the United States. It leases its rentable areas to retailers, restaurants, theatres, entertainment venues, and fitness centers, with the company's tenants consisting of large department stores, discount retailers, and grocery stores. The company is an internally managed REIT. The company operates in Florida, Texas, California, New York, Pennsylvania, Illinois, New Jersey, Georgia, North Carolina, Michigan, Ohio and other states.</p>
<h3>Brixmor Property Group's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Brixmor Property Group's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of <strong>2.82%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>27.7%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Brixmor Property Group's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>3.11%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>1.05%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Brixmor Property Group's debt-to-equity ratio is below the industry average at <strong>1.86</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 4 Analyst Recommendations For Brixmor Property Group

<p>During the last three months, 4 analysts shared their evaluations of Arcutis Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQT#NASDAQ">ARQT</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for Arcutis Biotherapeutics, revealing an average target of $18.0, a high estimate of $18.00, and a low estimate of $18.00. Observing a 4.35% increase, the current average has risen from the previous average price target of $17.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355246_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The perception of Arcutis Biotherapeutics by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Serge Belanger</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Serge Belanger</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Serge Belanger</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Uy Ear</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Arcutis Biotherapeutics. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Arcutis Biotherapeutics compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Arcutis Biotherapeutics's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Arcutis Biotherapeutics's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ARQT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Arcutis Biotherapeutics analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Discovering Arcutis Biotherapeutics: A Closer Look</h2>
<p>Arcutis Biotherapeutics Inc is a medical dermatology company. It is developing treatments for patients with immune-mediated dermatological diseases and conditions. It is leveraging recent advances in immunology and inflammation to develop differentiated therapies against biologically validated targets to solve persistent treatment challenges in serious diseases of the skin. The company's lead product candidate ZORYVE roflumilast cream, has successfully completed pivotal Phase 3 clinical trials in plaque psoriasis, demonstrating symptomatic improvement and favorable tolerability in this population.</p>
<h3>Understanding the Numbers: Arcutis Biotherapeutics's Finances</h3>
<p><strong>Market Capitalization Analysis:</strong> Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Arcutis Biotherapeutics's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of <strong>1682.42%</strong>. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Health Care sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Arcutis Biotherapeutics's net margin is impressive, surpassing industry averages. With a net margin of <strong>-71.38%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Arcutis Biotherapeutics's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>-22.56%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> Arcutis Biotherapeutics's ROA excels beyond industry benchmarks, reaching <strong>-8.63%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Arcutis Biotherapeutics's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>0.92</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ARQT

Peeling Back The Layers: Exploring Arcutis Biotherapeutics Through Analyst Insights

<p>B of A Securities  analyst Gregory Francfort   maintains McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) with a Neutral and lowers the price target from $288 to $278.</p>


B of A Securities Maintains Neutral on McDonald's, Lowers Price Target to $278

<p>In the preceding three months, 5 analysts have released ratings for Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $22.2, a high estimate of $23.00, and a low estimate of $22.00. Surpassing the previous average price target of $21.50, the current average has increased by 3.26%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355234_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>The standing of Ares Capital among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Melissa Wedel</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$22.00</td>
<td>$21.50</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Mitchel Penn</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$22.00</td>
<td>$21.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ares Capital. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ares Capital compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>To gain a panoramic view of Ares Capital's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ARCC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Ares Capital analyst ratings.</strong></a></p>
<h2>Delving into Ares Capital's Background</h2>
<p>Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.</p>
<h3>Ares Capital: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> Ares Capital's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately <strong>63.91%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>90.71%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>3.89%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Ares Capital's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>1.87%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.99</strong>.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ARCC

Expert Outlook: Ares Capital Through The Eyes Of 5 Analysts

<p><strong>Camden Prop Trust's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>) short percent of float has fallen 21.93% since its last report. The company recently reported that it has <strong>2.68 million shares sold short</strong>, which is 3.56% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.39 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Camden Prop Trust Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355231_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Camden Prop Trust has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Camden Prop Trust's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Camden Prop Trust's peer group average for short interest as a percentage of float is 3.44%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Peering Into Camden Prop Trust's Recent Short Interest

<p>Providing a diverse range of perspectives from bullish to bearish, 12 analysts have published ratings on Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) in the last three months.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $216.92, a high estimate of $242.00, and a low estimate of $200.00. Experiencing a 1.18% decline, the current average is now lower than the previous average price target of $219.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355222_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>The standing of Travelers Companies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Sell</td>
<td>$203.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$223.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$207.00</td>
<td>$213.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$210.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Andrew Kligerman</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$230.00</td>
<td>$252.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$202.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$242.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$220.00</td>
<td>$223.00</td>
</tr>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$200.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$216.00</td>
<td>$214.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Travelers Companies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Travelers Companies compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Travelers Companies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>To gain a panoramic view of Travelers Companies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/TRV/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Travelers Companies analyst ratings.</strong></a></p>
<h2>Delving into Travelers Companies's Background</h2>
<p>Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses. Its personal lines are roughly evenly split between auto and homeowners insurance. Travelers derives 6% of its premiums from foreign markets.</p>
<h3>Understanding the Numbers: Travelers Companies's Finances</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Positive Revenue Trend:</strong> Examining Travelers Companies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>11.73%</strong> as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Travelers Companies's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>4.69%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>2.12%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Travelers Companies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>0.41%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> Travelers Companies's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>0.32</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Evaluating Travelers Companies: Insights From 12 Financial Analysts

<p><a href="https://www.axios.com/2024/07/30/bronfman-still-eyeing-paramount-deal">https://www.axios.com/2024/07/30/bronfman-still-eyeing-paramount-deal</a></p>
<p>&nbsp;</p>
<p>Edgar Bronfman Jr., former Warner Music chair and heir to the Seagram alcohol fortune, is still in talks with bankers about a possible bid for Paramount&#39;s parent, National Amusements Inc. (NAI), sources told Axios.</p>
<p><strong>Why it matters</strong>: Paramount <a href="https://www.axios.com/2024/07/08/paramount-skydance-merger-deal">struck a deal</a> with Skydance Media and RedBird Capital Partners last month. The deal includes a 45-day &quot;go shop&quot; provision, which means a superior bid remains possible.</p>
<ul>
<li>The 45-day window will close on August 21st.</li>
<li>Paramount Global said it &quot;does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required.&quot;</li>
</ul>
<p><strong>Zoom in</strong>: Bronfman Jr.&#39;s bid, first reported prior to the Skydance agreement, was said to be backed by private equity giant Bain Capital. Skydance is run by David Ellison, the son of billionaire Oracle founder Larry Ellison.</p>
<ul>
<li>Previous reports <a href="https://www.wsj.com/business/media/edgar-bronfman-eyes-2-billion-plus-bid-for-company-that-controls-paramount-ccad92be">suggested</a> Bronfman Jr. was looking to offer between $2 billion and $2.5 billion for NAI. NAI, run by scion Shari Redstone, owns nearly 80% of Paramount voting shares.</li>
<li>It&#39;s unclear whether Bronfman Jr.&#39;s current structure for a deal with NAI has shifted from his original approach, though it&#39;s likely different given the signed deal between Paramount and Skydance. He could also be eyeing a piece of Paramount.</li>
<li>A spokesperson said Bronfman Jr. is considering his options.</li>
</ul>
<p><strong>By the numbers</strong>: The Skydance deal, which requires regulatory approval, includes a $400 million break-up fee. Bronfman Jr., or any suitor able to top Skydance, would be on the hook for that fee if successful.</p>
<ul>
<li>There is no guarantee a counter-offer will emerge in the go-shop. These periods rarely produce a topping bid.</li>
<li>The Skydance agreement values Paramount at $8 billion. The Ellison family will invest around $6 billion, while RedBird Capital Partners will contribute the remaining $2 billion, Axios <a href="https://www.axios.com/2024/07/08/paramount-skydance-merger-larry-ellison">reported</a>.</li>
</ul>
<p><strong>Between the lines</strong>: Bronfman Jr. is no stranger to media. He currently serves as chair and general partner at Waverley Capital, a private investment firm that focuses on media, tech, and entertainment companies.</p>
<ul>
<li>He chairs sports streaming firm FuboTV, one of Waverley Capital&#39;s portfolio companies. Bronfman Jr. led an investment group&#39;s <a href="https://www.wsj.com/articles/time-inc-sales-process-moves-to-final-stretch-1489012255">bid</a> for Time Inc. in 2017 that was ultimately unsuccessful.</li>
<li>Representatives for Paramount and its special committee declined to comment. NAI and Bain Capital also declined to comment.</li>
</ul>
<p><strong>What to watch</strong>: Billionaire money manager Mario Gabelli <a href="https://www.hollywoodreporter.com/business/business-news/paramount-skydance-mario-gabelli-1235947650/">filed a lawsuit</a> to gain access to more information about the Skydance deal two weeks ago.</p>
<ul>
<li>Gabelli has been vocal about his concerns that the deal could enrich Redstone, the controlling shareholder, over other investors.</li>
</ul>


PARA

'Edgar Bronfman Jr. Still Eyeing A Paramount Deal' - Axios

<p><strong>Edwards Lifesciences's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) short percent of float has fallen 15.69% since its last report. The company recently reported that it has <strong>7.70 million shares sold short</strong>, which is 1.29% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.16 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Edwards Lifesciences Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355216_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Edwards Lifesciences has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Edwards Lifesciences's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Edwards Lifesciences's peer group average for short interest as a percentage of float is 4.85%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


How Is The Market Feeling About Edwards Lifesciences?

<p><strong>Weatherford International's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NYSE">WFRD</a>) short percent of float has fallen 46.38% since its last report. The company recently reported that it has <strong>1.64 million shares sold short</strong>, which is 2.96% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.59 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Weatherford International Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722355211_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Weatherford International has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Weatherford International's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Weatherford International's peer group average for short interest as a percentage of float is 7.25%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


WFRD

(WFRD) - Analyzing Weatherford International's Short Interest

CNO Financial shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 guidance.

SPGC

Sacks Parente Golf shares are trading lower after the company effected a 1-for-10 reverse stock split.

Bireme Capital May 2024 Investor Letter

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Yesterday, a prominent automaker provided a much-needed catalyst for electric vehicle (EV) stocks. In an update that surprised most of the automotive community, <strong>Volkswagen</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/"><strong>VWAGY</strong></a></span>) announced that it would be investing <a href="https://investorplace.com/2024/06/rivian-rivn-stock-just-got-a-jumbo-boost-from-5-billion-volkswagen-deal/">up to $5 billion</a> in <strong>Rivian </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/rivn-stock-quote/"><strong>RIVN</strong></a></span>) over time, and the entire sector took notice. Many <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> enjoyed a boost as Rivian shares surged significantly. It isn&rsquo;t hard to see why this could be a turning point for the EV startup. As <em>The New York Times</em> <a href="https://www.nytimes.com/2024/06/25/business/volkswagen-rivian-vw-investment.html">reports</a>:</p>




<p>&ldquo;If successful, the partnership would address weaknesses at both companies. It would provide Volkswagen with the software expertise that auto analysts say it sorely lacks. And Rivian, in addition to cash, would benefit from the manufacturing expertise of an automaker that produces nearly 10 million vehicles a year, putting it just behind Toyota Motor in the global auto industry.&rdquo;</p>




<p>After struggling for months, Rivian finally seems poised to reclaim its former place as a leader among EV stocks and a rival for <strong>Tesla</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a></span>). Many EV stocks are still in the green today as the Rivian rally continues. But this sector-wide momentum doesn&rsquo;t mean that all EV stocks are good buys. There are a few names that investors should still avoid, regardless of how well they are currently trading. Here are a few companies with particularly troubling fundamentals. </p>



<h2>EV Stocks to Sell: Fisker (FSRNQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/fisker1600-300x169.png" alt="new grey electric Fisker Ocean in showroom, Dual Motor AWD, trends EV Europe, technological advancements automotive industry, environmental cleanliness vehicle. Fisker stock"><div>Source: Kittyfly / Shutterstock.com</div></div><p>This troubled EV stock has been taking investors on a rollercoaster ride since it lost its spot on the <strong>New York Stock Exchange</strong>. News of dealership partners has spiked random surges for <strong>Fisker </strong>(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/"><strong>FSRNQ</strong></a></span>) but never for long enough for it to matter. Earlier this month, <a href="https://investorplace.com/2024/06/fisker-stock-alert-ev-startup-defaults-on-3-5-million-loan/">the company defaulted</a> on a $3.5 million loan and, a few weeks later, promptly filed for <a href="https://investorplace.com/2024/06/fisker-stock-alert-fisker-files-for-ch-11-bankruptcy/">Chapter 11 bankruptcy</a>. Now, Fisker is on the <a href="https://investorplace.com/2024/06/fisker-stock-alert-troubled-ev-maker-fisker-appears-headed-for-liquidation/">fast track to liquidation</a> with virtually no chance of a saving grace coming along.</p>



<p>Fisker stock briefly rose yesterday on the back of the Rivian rally, and today, it is back in the green. But its gains of almost 20% for the week are far outweighed by the fact it has fallen more than 70% in just the past month. Even contrarian investors can&rsquo;t make a case for why anyone should own Fisker stock as the company&rsquo;s path continues to <a href="https://investorplace.com/2024/05/fisker-is-careening-toward-a-cliff-these-ev-stocks-could-follow-it-off/">push it closer</a> to the edge of a cliff.</p>



<h2>Faraday Future Intelligent Electric (FFIE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/ffie1600-4-300x169.png" alt="In this photo illustration, the Faraday Future logo is displayed on a smartphone screen. FFIR stock"><div>Source: rafapress / Shutterstock.com</div></div><p>Like Fisker, <strong>Faraday Future</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ffie-stock-quote/"><strong>FFIE</strong></a></span>) is prone to random surges that never last. It captured the attention of Wall Street last month when the Roaring Kitty rally sent <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> soaring. FFIE <a href="https://investorplace.com/2024/05/ignore-gme-and-amc-faraday-future-ffie-stock-is-the-meme-stock-to-watch/">displayed more stability</a> than popular r/WallStreetBets favorites such as <strong>GameStop</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gme-stock-quote/"><strong>GME</strong></a></span>) and <strong>AMC Entertainment</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/amc-stock-quote/"><strong>AMC</strong></a></span>). But after the dust settled, all meme stocks ended up back where they belong, and Faraday Future is no exception. This rally won&rsquo;t be any different.</p>



<p>FFIE stock surged by <a href="https://investorplace.com/2024/06/faraday-future-ffie-stock-soars-80-following-rivian-volkswagen-deal/">impressive margins</a> yesterday, and it is still in the green today. But its current trajectory suggests that this momentum is already running out. The company doesn&rsquo;t boast any real growth prospects. <em>InvestorPlace</em> contributor Omor Ibne Ehsan <a href="https://investorplace.com/2024/06/7-struggling-ev-stocks-to-sell-before-they-head-to-zero/">recently discussed</a> the many reasons not to bet on Faraday&rsquo;s Future. After highlighting its poor delivery track record, he stated:</p>




<p>&ldquo;Faraday Future&rsquo;s financials paint an even bleaker picture. The company racked up a staggering $1.5 billion in net losses over the past three years while burning through cash at an alarming rate. As of now, Faraday has less than $2 million in cash remaining, which is barely enough to keep the lights on, let alone scale vehicle production.&rdquo;</p>




<h2>EV Stocks to Sell: Canoo (GOEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/canoo-goev-1600-1-300x169.jpg" alt="Canoo (GOEV) logo displayed on smartphone screen as well as in background on yellow wall"><div>Source: shutterstock.com/rafapress</div></div><p>This struggling EV penny stock couldn&rsquo;t even sustain its momentum into today&rsquo;s trading. <strong>Canoo</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/goev-stock-quote/"><strong>GOEV</strong></a></span>) has spent the past year careening downward to truly dangerous levels. It is down more than 80% year-to-date (YTD), falling from a peak of more than $16 per share to its current price of less than $2. Things looked bleak enough before the company reported poor first-quarter earnings, coming in <a href="https://investorplace.com/earning-results/2024/05/goev-stock-earnings-canoo-for-q1-of-2024/">below analysts&rsquo; estimates</a> for earnings-per-share (<span>EPS</span>) and not providing any revenue statistics.</p>



<p>Unlike the other two EV stocks to sell, GOEV isn&rsquo;t rising steadily today. It initially fell this morning, and although shares have inched back into the green, trading has been volatile. This suggests that the company will continue its trek towards the bottom. The company has <a href="https://investors.canoo.com/news-presentations/press-releases/detail/133/canoo-inc-announces-fourth-quarter-and-fiscal-year-2023">dwindling cash supplies,</a> and with no catalysts on the horizon, it is unlikely to see any real growth in the coming months.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Samuel O&rsquo;Brient&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-ev-stocks-that-even-the-rivian-volkswagen-deal-cant-save/">3 EV Stocks That Even the Rivian-Volkswagen Deal Can't Save</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Fisker </strong>(OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/"><strong>FSRNQ</strong></a>) is a company investors may notice has a &ldquo;Q&rdquo; at the end of its ticker symbol. This means it is a company that has already <a href="https://www.investopedia.com/terms/q/q.asp">declared bankruptcy</a>. And since it is trading at less than 2 cents per share, it is one that most will not want to touch. However, investors in Fisker stock certainly have more headwinds to worry about today, with news of a <a href="https://www.reuters.com/business/autos-transportation/fisker-recall-over-8000-ocean-vehicles-us-nhtsa-says-2024-06-28/">sweeping recall</a> the latest fly in the ointment for investors considering taking a stab at this speculative penny stock.</p>



<p>According to a <a href="https://finance.yahoo.com/news/fisker-issues-voluntary-recall-address-113500225.html#:~:text=Fisker%20is%20issuing%20a%20voluntary,due%20to%20a%20malfunctioning%20mechanism">press release</a> put forward by the company, a voluntary recall has been issued for 2023 and 2024 Ocean SUV model years. This recall involves the outer door handles on these models, with more than 8,200 such vehicles sold in the U.S., more than 500 in Canada and more than 3,800 in Europe. It&rsquo;s expected that roughly 2.5% of all Ocean SUVs sold could have these defects.</p>



<p>Given the company&rsquo;s current state and these newfound issues, it may be surprising to some to see Fisker stock higher on the day, but that&rsquo;s how <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> trade. Let&rsquo;s dive into this latest headwind for the company and see what we can make about Fisker&rsquo;s prospects moving forward.</p>



<h2>Fisker Stock: Latest Headwind Causing Erratic Trading</h2>



<p>It&rsquo;s worth pointing out that Fisker&rsquo;s total production to date hasn&rsquo;t been impressive, which is partly a good thing when it comes to recalls of this scale. But this recall does highlight the company&rsquo;s production-related issues, which have hampered the stock in the past and are a key reason the company has been forced into restructuring recently.</p>



<p>Fisker stock has been trading erratically all afternoon. It has swung wildly from the red to the green and is currently up about 2%. Blink, and that might change back to red, however.</p>



<p>With the company&rsquo;s market capitalization at less than <a href="https://finance.yahoo.com/quote/FSRNQ/">$25 million</a>, it&rsquo;s clear some speculators may be willing to buy some shares as a call option on the brand surviving in some form or its assets potentially getting bought by some larger automaker. But without resolving the company&rsquo;s debt situation, Fisker does look to be a total loss for those who put capital into this automaker in the past.</p>



<h2>From Filled With Potential to Bankrupt</h2>



<p>Years ago, I thought Fisker&rsquo;s Ocean SUV looked <a href="https://investorplace.com/2021/04/fsr-stock-is-an-high-risk-high-reward-ev-play/">somewhat attractive</a> and had a very appealing price point. But with prices coming down in this space, heightened competition, and no realistic path to profitability, this is a stock with simply too many problems right now.</p>



<p>Those looking to bet on a turnaround in the EV sector have far too many better options to choose from right now than Fisker.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



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<p><em>On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</p></div><h3>More From InvestorPlace</h3>
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<p><strong>Fisker</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/"><strong>FSRNQ</strong></a>) proposed a <a href="https://insideevs.com/news/725340/fisker-inventory-sale-american-lease/">new deal</a> to help raise the now-bankrupt company as much as $46.25 million to put toward its debts. Under this plan, Fisker would sell off its remaining inventory of Ocean SUVS to <strong>American Lease</strong> as a last-resort fundraising measure. Fisker stock is up about 2.5% as of this writing.  </p>



<p>Investors will have to wait for Fisker&rsquo;s requested hearing, tentatively set for July 9, to glean a better understanding of the proposed sale. For now, the proposed terms will provide some insight into Fisker&rsquo;s priorities.</p>



<p>Last month Fisker first entertained the possibility of a <a href="https://www.wsj.com/articles/bankrupt-ev-startup-fisker-in-talks-to-sell-fleet-to-leasing-business-1467a09c">fleet deal</a> with American Lease. Per this week&rsquo;s filing, American Lease remains interested in the fleet due to New York&rsquo;s law requiring all ride-hailing vehicles to be electric within the next six years.</p>



<p>American Lease has agreed to buy Fisker&rsquo;s entire inventory of vehicles intended for North America. It plans to pay $16,500 for each brand-new Ocean model in good working condition, which amounts to about 2,711 vehicles. It will also buy damaged vehicles for $2,500 a pop and $3,200 for previously titled vehicles.</p>



<h2>Fisker Stock Eases Into Irrelevancy Amid Bankruptcy Navigation</h2>



<p>It&rsquo;s been a fast fall for Fisker over the past several years. Indeed, since Ocean deliveries started in the summer of 2023, the company has faced a near-constant string of hardship. </p>



<p>Earlier this year, in an effort to dodge bankruptcy, Fisker slashed the prices of its vehicles by as much as $24,000. Unfortunately, it was akin to putting a band-aid on a bullet wound.</p>



<p>In June, Fisker filed for Chapter 11 protection, putting the future of the Ocean up in the air. Many owners continue to wonder <a href="https://www.bloomberg.com/news/articles/2024-06-27/fisker-ocean-owners-fret-over-losses-after-bankruptcy-filing">whether they will receive repairs</a>, parts, or new software from Fisker in the wake of its bankruptcy. For its part, American Lease plans to salvage parts from the damaged Oceans it purchases.</p>



<p>Additionally, the proposed deal explicitly states that Fisker &ldquo;shall have no obligation to update the vehicles beyond Software v.2.1.&rdquo;</p>



<p><em>On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Shrey&rsquo;s articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more.</p></div><h3>More From InvestorPlace</h3>
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Fisker recalls all Ocean electric SUVs over water pump failure

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It just keeps getting worse for bankrupt <strong>Fisker</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/"><strong>FSRNQ</strong></a>). Last month, the National Highway Traffic Safety Administration (NHTSA) announced <a href="https://www.nhtsa.gov/vehicle/2023/FISKER/OCEAN#recalls">three recalls</a> for the Fisker Ocean SUV. These involved a loss of drive power, incorrectly displayed warning lights and faulty door handles. The recalls came after the vehicle&rsquo;s botched debut, which was laden with consumer complaints involving both hardware and software.</p>



<p>Now, the Ocean has just received its <a href="https://www.reuters.com/business/autos-transportation/fisker-recall-about-7500-ocean-electric-suvs-over-water-pump-issue-nhtsa-says-2024-07-09/">fourth recall</a>, which affects 11,308 Oceans, 7,545 of which are located in the U.S. The recall involves a faulty water pump that could lead to a loss of power.</p>



<p>&ldquo;A communication failure with the cabin electric water pump can cause the high voltage battery management system (BMS) to enter limp mode, causing a loss of drive power,&rdquo; said the NHTSA.</p>



<h2>Fisker Stock: Ocean SUV Receives Fourth Recall</h2>



<p>Fisker&rsquo;s NHTSA stat sheet now stands at four recalls, four investigations and 232 complaints.</p>



<p>As for a fix, Fisker has agreed to replace the water pumps at no cost to vehicle owners.</p>



<p>For shareholders of Fisker stock, there really doesn&rsquo;t appear to be any hope left as shares are down by 99% year-to-date. Fisker still has an inventory of Oceans, although these will likely be sold at extremely discounted prices.</p>



<p>Earlier this month, Fisker revealed through a court filing that it had <a href="https://insideevs.com/news/725340/fisker-inventory-sale-american-lease/">proposed a deal</a> to <strong>American Lease</strong>, an EV leasing firm. The deal involves the sale of up to 3,231 Oceans configured in the U.S. or Canada for up to $46.25 million. Brand-new vehicles would be sold for $16,500 a piece, while previously titled vehicles would go for $3,200. Damaged vehicles would be sold for $2,500.</p>



<p>When Fisker was still in business, it sold the Ocean for between $38,999 and $70,000. In March, the <a href="https://insideevs.com/features/714281/fisker-ocean-software-service-support/">starting price</a> was cut to $24,999.</p>



<p>American Lease has already agreed to the deal, which means that court approval is next. Shareholders should expect to receive an update soon.</p>



<p>Unfortunately, this deal won&rsquo;t bring Fisker back from the dead. The EV company has enacted <a href="https://techcrunch.com/2024/05/29/fisker-layoffs-workers-restructuring-bankruptcy/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAIb7DJqqKWVUdZIrQK_S6JBEcm3nH8mxQQqJZ84jbNiRvc9WnM1isAOhZq0THXHxd6LirBcTTUtBSzbjrDFvy_7k_C4G_crft3BeJD3Ia4f0LV_OqBE5q0iVtxd8BpQLs5svf3QDFlGznTRyyTs-C50sDy352853-LnSJA1s6MNS">several rounds of layoffs</a> this year while its cash stash has run dry.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks:</strong>&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More:</strong>&#8239;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.&nbsp;</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace&rsquo;s Today&rsquo;s Market team, which centers on the latest news involving popular stocks.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/2024/07/fisker-stock-bankrupt-ev-maker-recalls-11000-suvs/">Fisker Stock: Bankrupt EV Maker Recalls 11,000 SUVs</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Fisker Stock: Bankrupt EV Maker Recalls 11,000 SUVs

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/meme-stocks/">Meme stocks</a> looked to be on the comeback trail in May of this year after retail trader Keith Gill, known online as &ldquo;Roaring Kitty,&rdquo; made a triumphant <a href="https://www.cnn.com/2024/06/12/investing/premarket-stocks-trading-meme-gamestop/index.html">return to social media</a> after a three-year hiatus. By posting only a few cryptic memes heralding his return, Gill managed to more than double the share prices of popular undervalued meme stocks such as <strong>GameStop</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gme-stock-quote/"><strong>GME</strong></a></span>) and <strong>AMC Entertainment</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/amc-stock-quote/"><strong>AMC</strong></a></span>).</p>



<p>Other undervalued meme stocks, such as headphone maker <strong>Koss</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/koss-stock-quote/"><strong>KOSS</strong></a>) saw their <a href="https://finance.yahoo.com/news/meme-stock-speculation-propels-koss-204937539.html">stocks rise more than 20%</a> on news of Gill&rsquo;s return. Meme stocks are defined as shares of a company that have gained viral popularity due to heightened social media attention. They tend to be stocks of once-dominant companies that have fallen on hard times and whose shares are heavily shorted on Wall Street.</p>



<p>As is typically the case, the meme stock rally of late May did not last long and most of the companies involved saw their <a href="https://finance.yahoo.com/video/meme-stock-trade-maintain-momentum-202206838.html">share prices fall</a> back to earth throughout June. The pullback has left many meme stocks deep in the red and looking cheap at current levels. Here are the seven most undervalued meme stocks to buy in July 2024.</p>



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div><p>We&rsquo;ll start with GameStop. Setting aside the return of Roaring Kitty, the brick-and-mortar video game retailer continues to report abysmal financial results that are weighing on its share price. Results were particularly bad for this year&rsquo;s first quarter, which management issued along with plans to <a href="https://www.cnbc.com/2024/06/07/gamestop-gme-q1-earnings.html">sell additional GME stock</a>, further diluting the holdings of existing shareholders.</p>



<p>The end result is that GameStop stock has declined 50% from the peak it reached in mid-May this year when Roaring Kitty resurfaced. The company&rsquo;s shares are 70% below the all-time high they reached in January 2021 during the original meme stock craze. GameStop&rsquo;s sales in the first three months of this year totaled $881.8 million, down 29% from $1.237<br>billion a year ago. News of the stock dilution appears to have dampened enthusiasm over Roaring Kitty&rsquo;s return. That and <a href="https://nypost.com/2024/07/01/business/roaring-kitty-sued-for-pump-and-dump-scheme-with-gamestop-stock/">a class-action lawsuit</a> alleging a classic pump-and-dump. </p>



<h2>Trump Media &amp; Technology Group (DJT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/dwac1600-300x169.png" alt="In this photo illustration, the Truth Social logo seen displayed on a smartphone with a photo of former US President Donald Trump displayed in the background. DJT stock"><div>Source: rafapress / Shutterstock.com</div></div><p>GameStop&rsquo;s earnings look sterling when compared to the finances of <strong>Trump Media &amp; Technology Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/djt-stock-quote/"><strong>DJT</strong></a>). The company, which runs the Truth Social platform that is essentially a clone of Twitter, reported <a href="https://apnews.com/article/trump-media-earnings-0ee9a4598f7da6c217720445605dfbdd">a net loss</a> for this year&rsquo;s first quarter of $327.6 million on less than $1 million in revenue. Consequently, it&rsquo;s been a bumpy ride for DJT stock in recent months.</p>



<p>The <a href="https://www.cnn.com/2024/06/25/business/trump-media-technology-group-value/index.html">share price has fallen 55%</a> from a peak reached in March of this year shortly after the company went public through a special purpose acquisition company (SPAC). DJT stock also fell 15% after former President Donald Trump was found guilty on 34 felony counts related to falsifying business documents in a criminal hush money case. More recently, the stock has fallen 30% in the last month.</p>



<p>While the share price decline is disappointing, it has certainly made DJT stock cheaper to buy for investors with an appetite for risk. </p>



<h2>Tilray Brands (TLRY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/tlry1600-300x169.png" alt="In this photo illustration, the Tilray Brands (TLRY) logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div><p>Cannabis producer <strong>Tilray Brands</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tlry-stock-quote/"><strong>TLRY</strong></a>) has also been getting cheaper as its finances deteriorate. The company most recently reported a quarterly loss of $105 million and lowered its forward guidance as its sales continue to decline. The result is that <a href="https://www.investopedia.com/tilray-stock-tanks-following-earnings-miss-outlook-cut-8628796">TLRY stock has fallen 20%</a> this year. Over five years, the stock has declined 96% and now trades deep down on the penny stock league tables.</p>



<p>Tilray said that it expects earnings of only $60 million to $63 million for its entire 2024 financial year. The <a href="https://www.fool.com/investing/2024/05/26/tilray-brands-just-slashed-its-guidance-is-it-a-bu/">new guidance</a> is down from earlier estimates of $68 million to $78 million in earnings. Management said they no longer expect positive free cash flow this financial year. The deteriorating situation has raised concerns about Tilray&rsquo;s ability to continue operating. Still, TLRY stock is not available to buy for less than $2 a share.</p>



<h2>BlackBerry (BB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/bb1600-300x169.png" alt="BlackBerry Limited logo. Company was originally known as Research In Motion (RIM), a Canadian software company specializing in cybersecurity.. BB stock"><div>Source: Poetra.RH / Shutterstock.com</div></div><p><strong>BlackBerry</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bb-stock-quote/"><strong>BB</strong></a></span>) is also trading in the penny stock range having decreased 30% year to date. As with the other undervalued meme stocks, BlackBerry&rsquo;s share price is declining as the company reports woefully bad financial results. In this year&rsquo;s first quarter, BlackBerry&rsquo;s net loss grew by nearly 300% as its sales continued to deteriorate. The former smartphone maker reported a Q1 loss of $42 million, which was 282% greater than a net loss of $11 million a year earlier.</p>



<p>Revenue at BlackBerry totaled $144 million in Q1, down 61% from $373 million a year ago.<br>The poor results come as BlackBerry prepares to divide its cybersecurity business and its<br>Internet of Things (IoT) division. BlackBerry is also <a href="https://www.baystreet.ca/techinsider/4377/BlackBerrys-Net-Loss-Widens-By-Nearly-300-As-Sales-Plummet">cutting costs </a>as its financial situation worsens. Earlier this year, the company eliminated 200 jobs and closed six of its 36 global offices. It remains to be seen if the measures will be enough to right the ship.</p>



<p>BB stock has declined 50% in the last 12 months. </p>



<h2>Fisker (FSRNQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/fisker1600-1-300x169.png" alt="Smartphone with logo of American electric vehicle company Fisker Inc. in front of business website. Focus on center of phone display. Unmodified photo. Fisker stock. FSRN stock"><div>Source: T. Schneider / Shutterstock.com</div></div><p>Now for a bankruptcy filing. Electric vehicle start-up <strong>Fisker</strong> (OTC:<span><a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/"><strong>FSRNQ</strong></a></span>) has <a href="https://www.reuters.com/business/autos-transportation/ev-startup-fisker-files-bankruptcy-2024-06-18/">filed for bankruptcy protection</a> from its creditors and plans to sell its assets. The company&rsquo;s stock now trades for less than two cents on the over-the-counter market. But that hasn&rsquo;t stopped retail investors from bidding up this troubled meme stock. Fisker stock continues to pop occasionally as investors nibble at it, though the share price is down 99% on the year.</p>



<p>Fisker is the latest in a string of electric vehicle companies to seek bankruptcy protection from creditors, following <strong>Lordstown Motors</strong>. Analysts say the businesses are failing as the electric vehicle stock bubble bursts and consumers move away from battery-powered autos in favor of gas-electric hybrid models. Fisker made more than 10,000 vehicles in 2023 but delivered only about 4,700. This is the second time Fisker has filed for <a href="https://www.financierworldwide.com/fisker-automotive-files-for-chapter-11">Chapter 11 bankruptcy</a>. The company now plans to sell its assets and restructure its debt.</p>



<h2>Canopy Growth (CGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/cgc-1600-1-300x169.png" alt="Closeup of mobile phone screen with logo lettering of cannabinoid company canopy growth cannabis, blurred marijuana in the background. CGC stock."><div>Source: Ralf Liebhold / Shutterstock</div></div><p>Another cannabis stock. This one is <strong>Canopy Growth Corp.</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cgc-stock-quote/"><strong>CGC</strong></a></span>). On the surface, things look to be improving for this company&rsquo;s stock. The share price has risen nearly 30% this year and is trading above $6. But don&rsquo;t be fooled. The gains and current share price are due to Canopy Growth executing <a href="https://www.baystreet.ca/stockstowatch/16668/Canopy-Growths-Stock-Falls-20-On-News-Of-Reverse-Stock-Split">a reverse stock split</a>. Reverse stock splits are the opposite of regular stock splits. Rather than reduce the share price, they raise it by consolidating the stock.</p>



<p>Reverse stock splits are seen by markets as an act of desperation by companies that are trying to artificially boost their share price, often to avoid being delisted from an exchange. In the case of Canopy Growth, the company was in danger of being delisted by the Nasdaq exchange as its share price had been trading below $1. In response, the company <a href="https://investorplace.com/2023/12/canopy-growth-just-enacted-a-1-for-10-reverse-split-of-cgc-stock/">consolidated its shares</a> on a one-for-10 basis. Over the last five years, CGC stock has fallen 98% amid speculation that the company will file for bankruptcy.</p>



<h2>AMC Entertainment (AMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/amc-1600-1-300x169.png" alt="AMC theater in Glendale, Arizona. AMC stock."><div>Source: JJava Designs / Shutterstock</div></div><p>We&rsquo;ll end with another leading meme stock, AMC Entertainment. The largest U.S. movie theater chain saw its share price more than double when Roaring Kitty resurfaced. Unfortunately, the stock has since dropped 20% from a peak reached in mid-May and is on the cusp of falling into penny stock territory. In the last 12 months, AMC <a href="https://investorplace.com/2024/07/from-meme-darling-to-99-crash-is-this-amc-stocks-final-act/">stock has decreased 85%</a>, making the shares cheap if not undervalued. </p>



<p>AMC Entertainment continues to struggle with a decline in moviegoers that began during the COVID-19 crisis and a big debt load that it took on during the pandemic when its theaters were closed or forced to operate at reduced capacity. At the start of this year, AMC had <a href="https://www.barrons.com/articles/amc-stock-price-buy-sell-3fde93fb">$8.6 billion of long-term debt</a>, up from $5.2 billion before the pandemic. The company did manage to narrowly <a href="https://www.streetinsider.com/Earnings/AMC+Entertainment+%28AMC%29+Tops+Q1+EPS+by+1c%2C+Beats+on+Revenue%3B+Offers+Guidance+Comments/23195187.html">beat analysts&rsquo; forecasts</a> with its Q1 print. So there might still be hope for the company and its shareholders.</p>



<p><em>On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0">Publishing Guidelines</a>.</em></p>
<div><p>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/the-7-most-undervalued-meme-stocks-to-buy-in-july-2024/">The 7 Most Undervalued Meme Stocks to Buy in July 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Most Undervalued Meme Stocks to Buy in July 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Faraday Future</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ffie-stock-quote/"><strong>FFIE</strong></a></span>) reminds me of four other, largely unsuccessful electric-vehicle makers: <strong>Workhorse</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/"><strong>WKHS</strong></a></span>), <strong>Mullen</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/muln-stock-quote/"><strong>MULN</strong></a></span>), <strong>Canoo</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/goev-stock-quote/"><strong>GOEV</strong></a></span>), and <strong>Nu Ride</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/nrde-stock-quote/"><strong>NRDE</strong></a></span>), formerly known as Lordstown Motors.</p>



<p>Like those other firms, Faraday talks a great deal about unimpressive future plans and partnerships that are either unremarkable or unspecific or both. And similar to its troubled peers, Faraday has never generated much revenue. Workhorse had <a href="https://seekingalpha.com/symbol/WKHS/income-statement?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Awkhs%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">only $13 million in revenue last year </a>despite<a href="https://en.wikipedia.org/wiki/Workhorse_Group"> being founded in 2007</a>. Mullen and Canoo did even worse, <a href="https://seekingalpha.com/symbol/MULN/income-statement">having less than $1 million </a>in <a href="https://seekingalpha.com/symbol/GOEV/income-statement?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Agoev%7Crow_num%3A1%7CURL_first_level%3Asymbol%7Ctopic%3Asymbol">sales in </a>2023 <a href="https://en.wikipedia.org/wiki/Mullen_Automotive#:~:text=compensation%20and%20awards-,History,the%20basis%20of%20Mullen%20Automotive.">despite being</a> <a href="https://en.wikipedia.org/wiki/Canoo#:~:text=Canoo%20was%20founded%20in%202017,BMW%20as%20a%20senior%20executive.">launched several years ago</a>. Lordstown <a href="https://www.reuters.com/business/autos-transportation/lordstown-motors-files-bankruptcy-sues-foxconn-2023-06-27/">went bankrupt </a>in June 2023. </p>



<p>Faraday perpetually does not seem to have enough cash to get its EV business off the ground and is weighed down by large amounts of debt. Given these points, I expect the EV maker to continue struggling like those other <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a>. I strongly recommend investors sell Faraday Future stock.</p>



<h2>Faraday&rsquo;s Milestones </h2>



<p>During Faraday&rsquo;s last earnings call in May, the automaker disclosed several unimpressive &ldquo;milestones.&rdquo; For example, CEO Matthias Aydt noted the firm had begun production of its FF 91 2.0 EV, and the vehicle had &ldquo;passed U.S. Federal Motor Vehicle Safety Standards crash test requirements.&rdquo;</p>



<p>Moreover, Aydt disclosed the company, in <a href="https://www.electrive.com/2024/06/05/faraday-future-had-only-delivered-ten-cars-by-the-end-of-2023/">its entire history,</a> had delivered only 11 EVs. Although each of its EVs costs a huge $309,000, the firm&rsquo;s delivery total is obviously still very low. That&rsquo;s especially true because the automaker was founded a decade ago. Consider, for example, <a href="https://insideevs.com/news/721871/faraday-future-ff91-sales-2023/">that 326 units of Rolls-Royce&rsquo;s</a> Spectre EV, which became available in the last quarter of 2023, were sold just in the latter three-month period. The Spectre&rsquo;s base price is $420,000.</p>



<p>Aydt also noted that Faraday had started a leasing program, &ldquo;obtained a Bureau of Automotive Repair license,&rdquo; rolled out a public charging program&rdquo; and established a &ldquo;sales entity in Dubai.&rdquo; None of these initiatives is likely to move the needle for Faraday or FFIE stock. That is because they are unlikely to cause the company&rsquo;s very low delivery pace to accelerate.</p>



<h2>Faraday&rsquo;s Future Plans</h2>



<p>The automaker, which was founded by Chinese entrepreneur Jia Yueting, <a href="https://www.yicaiglobal.com/news/jia-yuetings-next-attempt-to-save-faraday-future-could-be-livestreaming">is looking to</a> launch a &ldquo;U.S.-China automotive industry bridge.&rdquo; Reading between the lines, this refers to efforts by Faraday to partner with both U.S. and Chinese automakers. Through such partnerships, the company hopes to provide automakers with access to its &ldquo;major technology systems&rdquo; and &ldquo;major technology platforms.&rdquo;</p>



<p>For Faraday and the owners of Faraday Future stock, however, the problem is that multiple, struggling EV makers have also tried and failed to launch similar alliances. For example, Lordstown and Taiwan-based manufacturing giant <strong>Foxconn</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/fxcof-stock-quote/"><strong>FXCOF</strong></a></span>) intended <a href="https://www.reuters.com/business/autos-transportation/lordstown-motors-files-bankruptcy-sues-foxconn-2023-06-27/">to launch</a> a partnership but it fell through. It forced Lordstown to declare bankruptcy. Similarly, <strong>Fisker</strong> (OTCMKTS: <span><a href="https://investorplace.com/stock-quotes/fsrnq-stock-quote/"><strong>FSRNQ</strong></a></span>) also <a href="https://techcrunch.com/2024/03/25/fisker-nissan-deal-dead-funding-bankruptcy/">tried to reach a deal</a> with <strong>Nissan</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/nsany-stock-quote/"><strong>NSANY</strong></a></span>) before declaring bankruptcy. &nbsp;</p>



<h2>A Troubled Balance Sheet</h2>



<p>As of the end of last year, Faraday<a href="https://finance.yahoo.com/quote/FFIE/key-statistics/"> had only $1.9 million of </a>cash, according to <em>Yahoo Finance</em>. That&rsquo;s, of course, a tiny amount given the huge amounts of money required to manufacture automobiles. What&rsquo;s more, the company owed nearly $119 million. Given the firm&rsquo;s low cash, high debt and anemic revenue generation, I believe the EV maker is at very high risk of going bankrupt in the not-too-distant future.</p>



<h2>The Bottom Line on Faraday Future Stock</h2>



<p>Faraday has generated very little revenue in its history and none of the automaker&rsquo;s initiatives looks poised to change that in the foreseeable future. Moreover, the company appears to lack the necessary cash to manufacture EVs effectively. Its high debt levels could easily push it into bankruptcy relatively soon.</p>



<p>In light of all of these points, Faraday Future stock is a clear sell.</p>



<p><em>On the date of publication, Larry Ramer did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/2024/07/investors-should-stay-far-far-away-from-faraday-future-stock/">Investors Should Stay Far, Far Away From Faraday Future Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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