Nova Vision Acquisition Stock (NASDAQ: NOVVU)

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Nova Vision Acquisition Corp is a blank check company.

Nova Vision Acquisition Corp

News

U.S. State Department Approves Possible $4.1B Sale Of KC-46A Aerial Refueling Aircraft And Equipment To Japan

<a href="https://sam.gov/opp/e8efec9c0798481b99a4353c600b8af1/view" title="https://sam.gov/opp/e8efec9c0798481b99a4353c600b8af1/view">https://sam.gov/opp/e8efec9c0798481b99a4353c600b8af1/view</a>

BlackSky Technology Inc. Class A Common Stock

BKSY

CACI

European Aeronautic Defence And Space Unsponsored

EADSY

NVEE

National Geospatial-Intelligence Agency Awards Multiple Award IDIQ Contract With $290M Ceiling To Luno A And Nine Other Vendors; Including BlackSky Geospatial Solutions; Contract Extends Through September 2029 To Provide Commercial Data And Analytic Services For National Security Community

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is up 10% over the past week and traders expect this <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">pattern to continue</a>. 
What Happened: With Shiba Inu prices rallying 4.4% in a single day, crypto trader Javon Marks noted that the meme coin is breaking out of its falling wedge pattern. He maintains the larger target at $0.000081 and added this "breakout may only help spark the next wave of an over 480% run to reach it."
Another crypto trader suggests going long on Shiba Inu, as the meme coin is on the sixth attempt to break this resistance.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> 1H &#8211; long here, just because is the 6th attempt to break this resistance. Degen play, so not risking much. <a href="https://t.co/cuAlDnIHOM">pic.twitter.com/cuAlDnIHOM</a>
&mdash; CryptoPopeye (@SailorManCrypto) <a href="https://twitter.com/SailorManCrypto/status/1834605316299690006?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40813662/dogecoin-killer-shiba-inus-burn-rate-spikes-8-193-but-technical-analysis-has-bad-news-for-">&#8216;Dogecoin Killer&#8217; Shiba Inu&#8217;s Burn Rate Spikes 8,193%, But Technical Analysis Has Bad News For Bulls</a>
Why It Matters: Shiba Inu&#8217;s burn rate has increased by 291.7%, with around 11 million coins burned in the past 19 hours, according to Shibburn data.
IntoTheBlock data shows a 9.8% increase in daily active addresses and a 13.3% drop in large transaction volume. Transactions greater than $100,000 increased from 47 to 65 in a single day.
Lucie, Shiba Inu's marketing lead, announced that Shibarium's major upgrade is <a href="https://x.com/LucieSHIB/status/1834643348914602096">scheduled</a> for today with big changes like the Bor upgrade (v1.3.7) and Cancun hard fork to boost performance, security and scalability. With the upgrade, Shibarium will "become faster, more secure, and more efficient, opening the door for a wider range of decentralized applications and services."
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40716802/dogecoin-killer-shiba-inu-confirms-bullish-patterns-eyes-231-recovery-to-2024-highs-as-bur">&#8216;Dogecoin Killer&#8217; Shiba Inu Confirms Bullish Patterns, Eyes 231% Recovery To 2024 Highs As Burn Rate Soars</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$SHIB

'Dogecoin Killer' Shiba Inu Burns 11 Million Coins In A Single Day: A Breakout 'May Spark The Next Wave Of An Over 480% Run,' Trader Says

Telsey Advisory Group analyst Dana Telsey maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Market Perform and maintains $87 price target.

Price Target

Analyst Ratings

Telsey Advisory Group Maintains Market Perform on Signet Jewelers, Maintains $87 Price Target

JP Morgan analyst Doug Anmuth maintained an Overweight rating on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a price target of $750.
Anmuth noted that Netflix is a top pick, backed by mid-teens revenue growth in fiscal years 2024 and 2025, led by healthy organic growth, paid sharing, and price increases. He said ads will kick in more in fiscal years 2025-2026.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40820131/netflix-vs-disney-internet-traffic-crowns-one-streaming-giant-while-both-leave-competitors-" rel="noreferrer noopener">Netflix Vs. Disney: Internet Traffic Crowns One Streaming Giant, While Both Leave Competitors In The Dust</a>
The price target is based on ~26.5 times 2026 GAAP EPS of $28.19 and ~29.5 times free cash flow of $10.7 billion, implying a premium to mega-cap tech peers trading at ~23 times 2026E GAAP EPS on average, which Anmuth said is justified citing Netflix&#8217;s similar top-line growth &amp; faster bottom-line growth.
The analyst flagged continued operating margin expansion while still investing in content, ads, and gaming and multi-year free cash flow ramp on improving profit and cash content discipline, with increasing buybacks.
Netflix&#8217;s strong streaming leadership position and potential to become global TV as it expands its 278 million member base across the 500 million+ global CTV HHs ex-Russia &amp; China
Anmuth noted that Netflix&#8217;s global scale, intense engagement, and diversified content will make it the default choice for users consuming TV, film, and other long-form content on 13 September 2024.
Netflix is a key beneficiary and driver of the ongoing disruption of linear TV. Netflix&#8217;s content performs well globally and drives a virtuous circle of strong subscriber growth, more revenue, and growing profit.
With ~278 million global subscribers, Netflix has a strong leadership position in the rationalizing streaming industry.
Anmuth expects Netflix to benefit from the worldwide proliferation of Internet-connected devices and increasing consumer preference for on-demand video consumption over the Internet.
He added that Netflix&#8217;s ad-supported tier and paid sharing initiatives should expand its subscriber base while driving high-margin incremental revenue.
While Netflix&#8217;s current focus is sports entertainment, events, and shoulder content, Anmuth expects a more significant push into live sports over time, particularly as Netflix&#8217;s negotiating leverage continues to shift.
While Netflix&#8217;s Ad Tier scale lags, Anmuth is confident Netflix can increase scale through changes in plans, pricing, bundling, and live event content with broad appeal.
The analyst projects Ad Tier subscribers of 31 million by the end of 2024 and 42 million by the end of 2025, which ties to 66 million and 91 million MAUs, assuming ~2.2 times MAUs per subscriber.
Anmuth&#8217;s estimates suggest advertising revenue (ex-subscriptions component) will reach 10%+ of total revenue in 2027.
The analyst noted Netflix also left the door open at second-quarter earnings for an Ad Tier price increase, which is more viable given the planned $2 price hike for the Disney+ Ad Tier to $9.99 per month and Netflix more broadly priced at a ~13%-22% discount to competitors&#8217; offerings.
Anmuth projects average 2025 and 2026 revenue growth of +12%, +18% operating income growth, +22% GAAP EPS growth, and +28% free cash flow growth, which he noted supports Netflix&#8217;s premium valuation.
Price Action: NFLX stock is up 1.44% at $696.69 at the last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot" target="_blank" rel="noreferrer noopener">Netflix Games Hit 210M Downloads: Which Game Took The No. 1 Spot?</a></li>
</ul>
Image via Shutterstock

Analyst Color

Reiteration

Tech

Trading Ideas

NFLX

Netflix's Ad-Tier Expansion And Password Crackdown Fuel Revenue Growth: JP Morgan Analyst

U.S. State Department Approves Potential $7.2B Sale Of F-35 Aircraft To Romania

Telsey Advisory Group analyst Joseph Feldman maintains RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) with a Market Perform and maintains $290 price target.

Telsey Advisory Group Maintains Market Perform on RH, Maintains $290 Price Target

Billionaire Jeff Bezos is no longer running the day-to-day operations at Amazon.com, leaving him time to help with space company Blue Origin and spend more time on his <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">$500 million superyacht.</a>
What Happened: Bezos is the <a href="https://www.benzinga.com/news/23/03/31225116/bon-voyage-bezos-amazon-founders-500m-superyacht-will-cost-25m-a-year-to-operate">owner of the world's</a> tallest sailing yacht Koru, which was previously at the center of a heated debate after it got stranded at a European port. The controversy arose from a contentious proposal to disassemble a historic bridge to allow the gigantic yacht to navigate its way to the open sea.
Costing an estimated $500 million, the superyacht is now being enjoyed by Bezos and his fiancée, Lauren Sanchez. With an annual operating cost of around $25 million, it's no wonder Bezos and Sanchez have been busy making the most of the boat, hosting celebrities throughout the summer.
The Amazon founder and his fiancée have taken the boat to Greece, Italy, Spain and more places on multiple summer trips. The Koru and support yacht Abeona have welcomed a host of celebrities on various trips.
Among the people to join Bezos and Sanchez on trips this summer have been Kim Kardashian, Leonardo DiCaprio, Orlando Bloom and Katy Perry, as <a href="https://nypost.com/2024/08/17/us-news/inside-jeff-bezos-and-lauren-sanchezs-hot-yacht-summer/">reported </a>by the New York Post.
"They're the flavor of the month in the Med," an entertainment executive told the Post of Bezos and Sanchez's vacations in the Mediterranean region.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The Koru is one of the largest yachts in the world and one of the most expensive to maintain, with its $25 million annual operating costs. The yacht can accommodate 18 guests, supported by a crew of 40 to keep everything running smoothly.
One factor that could potentially offset costs is the&nbsp;<a href="http://www.benzinga.com/general/entertainment/23/02/30693362/jeff-bezos-girlfriend-lauren-sanchez-is-headed-to-space-heres-when-the-flight-will-happen-a" target="_blank" rel="noreferrer noopener">unique piloting abilities</a>&nbsp;of Bezos&#8217;s fiancée, Sanchez. Ever since they started their relationship, Sanchez is known to have taken on the role of pilot, personally flying Bezos and herself on numerous helicopter trips.
Sanchez is even credited with helping Bezos regain his comfort in air travel, a task that had been challenging due to a harrowing experience the billionaire had in a helicopter crash back in 2003. She also said in an interview that Bezos was working on getting his own pilot's license.
Sanchez was seen landing Bezos' helicopter on Abeona, the 250-foot-long support vessel for Koru in 2023. Page Six <a href="https://pagesix.com/2023/06/28/lauren-sanchez-lands-fiance-jeff-bezos-helicopter-on-a-yacht/" target="_blank" rel="noreferrer noopener">reported </a>that it took Sanchez three or four attempts, but she was able to bring the helicopter down successfully on the helipad of the Abeona in Italy.
The support vessel that trails the Koru is equipped with numerous facilities, one of which is a helicopter pad. Koru, due to its height, was not able to have its own helipad, according to reports.
The vessel, measuring&nbsp;230 feet tall and 417 feet long, operates using three large masts, which help it move using kinetic energy from the sails, adding an&nbsp;innovative use of green technology.
Despite having the means to hire any helicopter pilot to facilitate his travels to Koru, Bezos&#8217;s preference for Sanchez&#8217;s piloting demonstrates the trust and support he places in his future wife. 
Bezos has a wealth of $209 billion, ranking second in the world according to <a href="https://www.bloomberg.com/billionaires/">Bloomberg</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/24/08/40300456/jeff-bezos-may-be-worth-186b-but-he-once-paid-600k-a-month-in-rent-to-a-legendary-musician">Jeff Bezos May Be Worth $186B, But He Once Paid $600K A Month In Rent To A Legendary Musician</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Entertainment

Education

Bezos Doesn't Sunbathe Alone On His $25M-A-Year Superyacht As He Hosts Kim Kardashian, Leonardo DiCaprio, Katy Perry, Orlando Bloom And Others For Summer Fun

Over the past 24 hours, Immutable's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>) price rose 5.14% to $1.31. This continues its positive trend over the past week where it has experienced a 15.0% gain, moving from $1.14 to its current price. As it stands right now, the coin's all-time high is $9.52. 
The chart below compares the price movement and volatility for Immutable over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726254219_0.png" alt="price_chart" />
The trading volume for the coin has risen 14.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.53%. This brings the circulating supply to 1.61 billion, which makes up an estimated 80.26% of its max supply of 2.00 billion. According to our data, the current market cap ranking for IMX is #45 at $2.11 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726254219_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Markets

Movers

$IMX

Cryptocurrency Immutable Up More Than 5% In 24 hours

Over the past 24 hours, Wrapped eETH's (CRYPTO:WEETH) price rose 3.25% to $2,551.29. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $2,335.59 to its current price. As it stands right now, the coin's all-time high is $4,196.87. 
The chart below compares the price movement and volatility for Wrapped eETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726254152_0.png" alt="price_chart" />
The trading volume for the coin has fallen 41.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.68%. This brings the circulating supply to 1.58 million. According to our data, the current market cap ranking for WEETH is #28 at $4.01 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726254152_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cryptocurrency Wrapped eETH's Price Increased More Than 3% Within 24 hours

Wrapped stETH's (CRYPTO:WSTETH) price has increased 3.3% over the past 24 hours to $2,858.37. Over the past week, WSTETH has experienced an uptick of over 8.0%, moving from $2,626.49 to its current price. As it stands right now, the coin's all-time high is $7,256.02. 
The chart below compares the price movement and volatility for Wrapped stETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726254145_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 53.0% over the past week along with the circulating supply of the coin, which has fallen 0.91%. This brings the circulating supply to 3.45 million. According to our data, the current market cap ranking for WSTETH is #14 at $9.87 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726254145_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wrapped stETH Rises More Than 3% In 24 hours

Houlihan Lokey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLI#NYSE">HLI</a>) has outperformed the market over the past 5 years by 13.68% on an annualized basis producing an average annual return of 26.98%. Currently, Houlihan Lokey has a market capitalization of $10.53 billion. 
Buying $100 In HLI: If an investor had bought $100 of HLI stock 5 years ago, it would be worth $331.29 today based on a price of $151.45 for HLI at the time of writing.
<h3>Houlihan Lokey's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726254129_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Houlihan Lokey 5 Years Ago Would Be Worth This Much Today

Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) has outperformed the market over the past 20 years by 5.42% on an annualized basis producing an average annual return of 13.77%. Currently, Digital Realty Trust has a market capitalization of $51.90 billion. 
Buying $1000 In DLR: If an investor had bought $1000 of DLR stock 20 years ago, it would be worth $13,210.83 today based on a price of $158.53 for DLR at the time of writing.
<h3>Digital Realty Trust's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726254124_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Digital Realty Trust 20 Years Ago Would Be Worth Today

Over the past 24 hours, WETH's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WETH</a>) price has risen 3.31% to $2,421.57. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $2,223.38 to its current price. As it stands right now, the coin's all-time high is $4,799.89. 
The chart below compares the price movement and volatility for WETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726254075_0.png" alt="price_chart" />
The trading volume for the coin has fallen 48.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 2.37%. This brings the circulating supply to 2.95 million. According to our data, the current market cap ranking for WETH is #17 at $7.14 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726254075_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$WETH

WETH's Price Increased More Than 3% Within 24 hours

Barrington Research analyst Gary Prestopino maintains Cantaloupe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTLP#NASDAQ">CTLP</a>) with a Outperform and maintains $10 price target.

CTLP

Barrington Research Maintains Outperform on Cantaloupe, Maintains $10 Price Target

Analysts' ratings for Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) over the last quarter vary from bullish to bearish, as provided by 20 analysts.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</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>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</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>3M Ago</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;">1</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $283.8, along with a high estimate of $350.00 and a low estimate of $190.00. Observing a 2.49% increase, the current average has risen from the previous average price target of $276.90. 
<img src="https://www.benzinga.com/files/images/story/2024/1726254039_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Workday. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<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>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Buy</td>
<td>$300.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$300.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$289.00</td>
<td>$286.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$305.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$310.00</td>
<td>$290.00</td>
</tr>
<tr>
<td>Gil Luria</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$270.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$300.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Yun Kim</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$255.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$350.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$270.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$315.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$275.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$310.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$285.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$290.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$265.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$260.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$262.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>John Difucci</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Sell</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$325.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Workday. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Workday compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Workday's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Workday's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WDAY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Workday analyst ratings.</a>
<h2>About Workday</h2>
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.
<h3>Key Indicators: Workday's Financial Health</h3>
Market Capitalization Analysis: 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.
Revenue Growth: Workday's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 16.68%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Workday's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.33%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Workday's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.6%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Workday's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.82%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Workday's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.4.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
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. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WDAY

A Closer Look at 20 Analyst Recommendations For Workday

In the preceding three months, 4 analysts have released ratings for Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</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>Last 30D</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>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</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>2M Ago</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>3M Ago</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>
</tbody>
</table>
Analysts have recently evaluated Lovesac and provided 12-month price targets. The average target is $33.0, accompanied by a high estimate of $36.00 and a low estimate of $30.00. This upward trend is apparent, with the current average reflecting a 4.76% increase from the previous average price target of $31.50.
<img src="https://www.benzinga.com/files/images/story/2024/1726254028_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Lovesac. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<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>Maria Ripps</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Buy</td>
<td>$36.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Alex Fuhrman</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$35.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Matt Koranda</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Matt Koranda</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$30.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: 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 Lovesac. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lovesac compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Lovesac's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Lovesac's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LOVE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lovesac analyst ratings.</a>
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>.
<h2>Discovering Lovesac: A Closer Look</h2>
The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables, and ottomans. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. The majority of the firm's revenue is derived from the sale of Sactionals.
<h3>Unraveling the Financial Story of Lovesac</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining Lovesac's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -6.06% in revenue growth, reflecting a decrease in 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 Consumer Discretionary sector.
Net Margin: Lovesac's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -9.77%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Lovesac's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -6.13% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Lovesac's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.7%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Lovesac's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.9.
<h2>How Are Analyst Ratings Determined?</h2>
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LOVE

Cracking The Code: Understanding Analyst Reviews For Lovesac

AptarGroup's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATR#NYSE">ATR</a>) short percent of float has fallen 6.9% since its last report. The company recently reported that it has 474 thousand shares sold short, which is 0.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
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.
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.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AptarGroup Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726254023_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AptarGroup 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.
<h3>Comparing AptarGroup's Short Interest Against Its Peers</h3>
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.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AptarGroup's peer group average for short interest as a percentage of float is 3.57%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About AptarGroup?

In the preceding three months, 7 analysts have released ratings for Inter Parfums (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPAR#NASDAQ">IPAR</a>), presenting a wide array of perspectives from bullish to bearish.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</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>Last 30D</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>1M Ago</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>2M Ago</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>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</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>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $165.71, a high estimate of $192.00, and a low estimate of $140.00. A decline of 2.52% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1726254020_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Inter Parfums 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.
<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>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$163.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Hamed Khorsand</td>
<td>BWS Financial</td>
<td>Maintains</td>
<td>Buy</td>
<td>$172.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$192.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Korinne Wolfmeyer</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$151.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$192.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Ashley Helgans</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Korinne Wolfmeyer</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$151.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Inter Parfums. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Inter Parfums compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Inter Parfums's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Inter Parfums's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/IPAR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Inter Parfums analyst ratings.</a>
<h2>All You Need to Know About Inter Parfums</h2>
Inter Parfums Inc operates in the fragrance business and manufactures, markets, and distributes fragrances and fragrance-related products. It sells its product under the brand names called JIMMY CHOO, bebe, Paul Smith, Abercrombie and Fitch, COACH, and others. The company operates in two operating segments namely European based operations, and United-States operations. The group sells its products to department stores, perfumeries, specialty stores, and domestic and international wholesalers and distributors.
<h3>Inter Parfums: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Inter Parfums's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 10.67%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Inter Parfums's net margin excels beyond industry benchmarks, reaching 10.76%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Inter Parfums's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.17% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Inter Parfums's ROA excels beyond industry benchmarks, reaching 2.71%. This signifies efficient management of assets and strong financial health.
Debt Management: Inter Parfums's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.26.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
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.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IPAR

Expert Outlook: Inter Parfums Through The Eyes Of 7 Analysts

Halozyme Therapeutics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NYSE">HALO</a>) short percent of float has risen 3.77% since its last report. The company recently reported that it has 10.04 million shares sold short, which is 10.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
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.
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.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Halozyme Therapeutics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726254018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Halozyme Therapeutics has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Halozyme Therapeutics's Short Interest Against Its Peers</h3>
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.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Halozyme Therapeutics's peer group average for short interest as a percentage of float is 5.85%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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