Latest news for Tekumo (OTC:TKMO) Stock

Tekumo Inc is an intelligent service delivery platform that solves the last mile of installing, monitoring, and maintaining technology systems and smart connected devices. The company offers three products namely TekumoSMART, TekumoIQ, and TekumoPRO. TekumoSMART delivers the complete service chain for smart connected devices. TekumoPRO is a service delivery platform that connects enterprises, retailers, and OEMs with local skilled resources to install and maintain technology systems. TekumoIQ provides real-time data from all connected assets, accessible via Tekumo dashboards or directly delivered into any end-user ecosystem.

Tekumo Inc

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Cumulus Media Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMLS#NASDAQ">CMLS</a>)</h3>
<ul>
<li>On Nov. 1, Cumulus Media posted worse-than-expected third-quarter results. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, &#8220;During the third quarter, we delivered revenue and EBITDA in-line with pacing commentary and analyst estimates. Given the market challenges, we maintained our focus on what we can control. Specifically, we continued investing to drive growth in our digital businesses, including in digital marketing services which increased revenue nearly 40% in the quarter; capitalizing on areas of improvement in national and political ad spending; maximizing operating cash flow; and improving operating leverage through ongoing expense reductions.&#8221; The company's stock fell around 42% over the past month and has a <a href="https://www.benzinga.com/quote/CMLS">52-week low of $0.70</a>.</li>
<li>RSI Value: 25.88&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMLS Price Action: Shares of Cumulus Media fell 3.3% to close at $0.70 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">CMLS news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272.png" alt="" class="wp-image-665108" style="width:721px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272-768x711.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Beasley Broadcast Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>)</h3>
<ul>
<li>On Nov. 5, Beasley Broadcast Group reported a quarterly loss of $2.33 per share.  Caroline Beasley, Chief Executive Officer, said, &#8220;Beasley delivered third quarter net revenue of $58.2 million and same-station revenue growth of 0.5%, driven by strong political advertising revenue and a 11.7% increase in same-station digital revenue. The ongoing success of our digital transformation strategy continues to serve as an important offset to continued challenges in the audio advertising spot market.&#8221; The company's stock fell around 31% over the past month and <a href="https://www.benzinga.com/quote/BBGI">has a 52-week low</a> of $7.66.</li>
<li>RSI Value: 23.76</li>
<li>BBGI Price Action: Shares of Beasley Broadcast jumped 11.7% to close at $9.25 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">trend in BBGI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273.png" alt="" class="wp-image-665109" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273-768x699.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">Asset Entities Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>)</h3>
<ul>
<li>On Nov. 15, Asset Entities reported third-quarter revenues of $202,921, representing a year-over-year increase from $60,135. &#8220;We are thrilled to see the strong year-over-year growth in revenue, with our recent strategic acquisitions and partnerships,&#8221; stated CEO Arshia Sarkhani. &#8220;We are optimistic for what&#8217;s ahead, as we continue executing strategic acquisitions, growth initiatives, and further collaborations and partnerships.&#8221; The company's stock fell around 37% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ASST">low of $0.51.</a></li>
<li>RSI Value: 24.21</li>
<li>ASST Price Action: Shares of Asset Entities fell 9.9% to close at $0.58 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">breakout in ASST shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274.png" alt="" class="wp-image-665111" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274-768x716.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
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ASST

BBGI

CMLS

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In November

Longbow Research analyst David Macgregor downgrades Summit Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Longbow Research Downgrades Summit Materials to Neutral

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates IN8bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INAB#NASDAQ">INAB</a>) with a Buy and announces $8 price target.

Price Target

Reiteration

INAB

HC Wainwright & Co. Reiterates Buy on IN8bio, Announces $8 Price Target

American Woodmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) reported quarterly earnings of $2.08 per share which missed the analyst consensus estimate of $2.37 by 12.24 percent. This is a 11.86 percent decrease over earnings of $2.36 per share from the same period last year. The company reported quarterly sales of $452.50 million which missed the analyst consensus estimate of $458.29 million by 1.26 percent. This is a 4.51 percent decrease over sales of $473.87 million the same period last year.

Earnings

Earnings Misses

AMWD

American Woodmark Q2 Adj EPS $2.08 Misses $2.37 Estimate, Sales $452.50M Miss $458.29M Estimate

Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.36 by 25 percent. The company reported quarterly sales of $286.10 million which beat the analyst consensus estimate of $277.00 million by 3.29 percent. This is a 1.49 percent increase over sales of $281.90 million the same period last year.

EMBC

Embecta Q4 2024 Adj EPS $0.45 Beats $0.36 Estimate, Sales $286.10M Beat $277.00M Estimate

HC Wainwright &amp; Co. analyst Sean Lee reiterates Plus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) with a Buy and announces $8 price target.

PSTV

HC Wainwright & Co. Reiterates Buy on Plus Therapeutics, Announces $8 Price Target

Jefferies analyst Yaron Kinar downgrades Everest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) from Buy to Hold and raises the price target from $420 to $429.

Jefferies Downgrades Everest Group to Hold, Raises Price Target to $429

HTHT

H World Sees Q4 Revenue Growth Of 1%-5% YoY, And Also In The Range Of 1%-5% Excluding DH

DA Davidson analyst Kurt Yinger downgrades GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) from Buy to Neutral and announces $97 price target.

DA Davidson Downgrades GMS to Neutral, Announces $97 Price Target

Rumble Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) saw a 5.75% rise in pre-market trading on Tuesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, following the announcement of a new Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy.&nbsp;
What Happened:&nbsp;According to an announcement made&nbsp;Monday, Rumble&#8217;s board has<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42179537/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition"> approved a plan</a> to invest a portion of its surplus cash reserves into Bitcoin, aligning with the cryptocurrency&#8217;s record-breaking performance.
Meanwhile, Bitcoin dropped to 92,325.34 during pre-market hours after failing to break the $100,000 level. 
The strategy involves potential&nbsp;investments of up to $20&nbsp;million, with the company having discretion over the timing and amount. This could translate to acquiring approximately 212 Bitcoins at current market prices. However, the management will determine the actual purchase based on market conditions and Bitcoin&#8217;s price.
This move is part of Rumble&#8217;s broader strategic initiative to explore the cryptocurrency market. The decision reflects a growing trend among companies to diversify their treasury holdings with digital assets, especially during periods of significant price movements in the crypto market.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42152947/satellite-images-reveal-north-korea-reportedly-receiving-illicit-oil-from-russia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satellite Images Reveal North Korea Reportedly Receiving Illicit Oil from Russia</a>
Why It Matters: Rumble&#8217;s decision to invest in Bitcoin is part of a broader strategy to expand its presence in the digital landscape. Recently, <a href="https://benzinga.com/24/11/42171771/why-rumble-stock-is-rising-monday-laser-focused-on-gaming-crypto-expansion">Rumble announced a partnership </a>with popular streamer Dr. Disrespect, who will provide exclusive content to Rumble Premium and lead Rumble Gaming as an advisor. This move underscores Rumble&#8217;s commitment to gaming and cryptocurrency expansion.
Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and some other companies that hold Bitcoin have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42183963/microstrategy-coinbase-and-other-bitcoin-linked-stocks-tumble-as-btcs-march-to-100000-stalls">experienced a downward pull</a> after Bitcoin&#8217;s slump.
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$BTC

MARA

MSTR

Rumble Stock Rises In Tuesday Pre-Market After Adopting Bitcoin Treasury Strategy As BTC Retreats

H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.69 by 11.59 percent. This is a 5.17 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $918.00 million which missed the analyst consensus estimate of $933.86 million by 1.70 percent. This is a 6.62 percent increase over sales of $861.00 million the same period last year.

H World Group Q3 Adj $0.61 Misses $0.69 Estimate, Sales $918.00M Miss $933.86M Estimate

DA Davidson analyst Jeff Rulis upgrades First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) from Neutral to Buy and raises the price target from $32 to $42.

Upgrades

FIBK

DA Davidson Upgrades First Interstate BancSys to Buy, Raises Price Target to $42

HC Wainwright &amp; Co. analyst Andres Maldonado maintains Scholar Rock Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) with a Buy and raises the price target from $40 to $50.

SRRK

HC Wainwright & Co. Maintains Buy on Scholar Rock Holding, Raises Price Target to $50

POWW

AMMO Receives Deficiency Notice For Late Form 10-Q Filing

HC Wainwright &amp; Co. analyst Scott Buck initiates coverage on Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) with a Buy rating and announces Price Target of $18.

Initiation

HC Wainwright & Co. Initiates Coverage On Redwire with Buy Rating, Announces Price Target of $18

<a href="https://news.fiveyearsout.com/news-releases/news-details/2024/Arrow-Electronics-Expands-Distribution-Agreement-with-Broadcom-/default.aspx" title="https://news.fiveyearsout.com/news-releases/news-details/2024/Arrow-Electronics-Expands-Distribution-Agreement-with-Broadcom-/default.aspx">https://news.fiveyearsout.com/news-releases/news-details/2024/Arrow-Electronics-Expands-Distribution-Agreement-with-Broadcom-/default.aspx</a>

AVGO

Arrow Electronics Expands Distribution Agreement With Broadcom; Arrow Is Responsible For Defining Sales Strategy, Driving Go-To-Market Initiatives Across Europe For Broadcom's Enterprise, Cybersecurity, Mainframe Software

Business Outlook
Cheche is affirming&nbsp;its full-year 2024 outlook:
<ul>
<li>Net Revenues are expected to range from RMB3.5 billion to RMB3.7 billion, representing an increase of 6.1% to 12.1%, compared to the full year of 2023.</li>
<li>Total written premiums placed are expected to range from RMB24.5 billion to RMB26.5 billion, representing an increase of 8.4% to 17.3%, compared to the full year of 2023.</li>
</ul>

Guidance

Cheche Reaffirms 2024 Net Revenues Expectation Of RMB3.5B-RMB3.7B; Total Written Premiums Placed Of RMB24.5B-RMB26.5B

RDWR

Radware Expands Relationship With A Top 10 Airport In India To Deliver Cloud Application And Network Security; The Airport Plans To Leverage Radware's Cloud DDOS Protection And Cloud Application Protection Services And Work With Radware's Emergency Response Team To Avoid Cyber Attacks

Dr. Reddy's Laboratories, Inc. and Senores Pharmaceuticals, Inc. today announced the launch of Ivermectin Tablets USP, 3 mg, which is bioequivalent and therapeutically equivalent to STROMECTOL&#xAE; Tablets of Merck Sharp and Dohme LLC in the U.S. market. The product will be marketed by Dr. Reddy's.

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