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FOCUS LIST🔎
TRIB – Up over 70% in the pre-market after announcing increased orders for TrinScreen HIV and raised guidance for 2024 sales
SMFL – Up over 50% in pre after providing update on its prospective acquisitions and post-restructuring strategy.
XWEL – Up over 16% in pre after announcing partnership with Priority Pass
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TRIB – Up over 70% in the pre-market after announcing increased orders for TrinScreen HIV and raised guidance for 2024 sales
Trinity Biotech plc (TRIB), together with its subsidiaries, develops, acquires, manufactures, and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market in the Americas and Ireland.
In the after-hours yesterday, the company announced hat it has received substantial additional orders for TrinScreen HIV. As a result of this strong demand and the successful scaling of production capacity, the Company is now increasing its expected 2024 sales revenue for TrinScreen HIV to approximately $10 million, up from $8 million previously.
The stock traded up over 70% in the pre-market in reaction to the news.
The first target to the upside is prior support at $3.43 which now becomes potential resistance.
Above that, $3.60, $3.80, $4.10 and then the pre-market high at $4.21 come into play. Beyond that is $4.70 and $5.50 come into play.
Below $3.43, targets to the downside are $3, $2.80, $2.56, and then a gap fill at $2.03.
SMFL – Up over 50% in pre after providing update on its prospective acquisitions and post-restructuring strategy.
Smart for Life, Inc. (SMFL) acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand.
In the after-hours the company provided an update on the potential expansion of the Company’s acquisition pipeline and an update on its M&A activities.
Currently, the Company is negotiating four profitable Health & Wellness acquisitions and exploring additional prospects as part of its post-restructuring strategy. These targets include Purely Optimal Nutrition, a liquid manufacturer, an established supplement brand, and a wholesale manufacturer and distributor.
Chairman A.J. Cervantes, Jr. stated
“We are on track with several potentially transformative strategic transactions. Once we finalize our upcoming 10-K and 10-Q filings, we plan to substantially accelerate our M&A activity, leveraging the potential acquisitions we’ve already identified…We are targeting U.S. and foreign nutraceutical companies with $5 million to $25 million in annual revenue, prioritizing innovation, quality, and organic growth.”
The stock traded up over 50% in the pre-market in reaction to the news.
The $1.60 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $1.70, $1.80 and then the pre-market high at $1.89. Beyond that, $2.07 and $2.50 come into play.
Below $1.60, targets to the downside are $1.50, $1.45, $1.40, $1.20 and then a gap fill at $1.08.
XWEL – Up over 16% in pre after announcing partnership with Priority Pass
XWELL, Inc. (XWEL) provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat.
In the after hours yesterday, the company announced a two-year partnership with Priority Pass™, the world’s original and leading airport experiences program.
Through this partnership, select Priority Pass members can enjoy a 25-minute Zero Gravity Massage Lounger at JFK, MIA, MCO, SLC, DFW, and PHL XpresSpa airport locations beginning August 26, 2024. The remainder of XpresSpa’s 17 US locations will begin participating in the program beginning September 16, 2024.
XWELL Chief Executive Officer, Scott Milford. stated
“Working with Priority Pass enables us to further advance our business strategy focused on leveraging autonomous services, which produces higher margins than traditional massages, at our XpresSpa locations. We expect this partnership will provide increased revenue for our business.”
The stock traded up over 16% in the pre-market in reaction to the news.
The $1.90 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $2, $2.20, $2.40, $2.54 and then the after-hours high at $2.78.
Below $1.90, there is a gap fill at $1.80 and $1.66 comes into play.
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