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Here are our top investing ideas today. And don’t forget to join us in Market Masters – the hottest trading room around 🔥. Be the best prepared trader on the Street!
FOCUS LIST🔎
TNXP – Up over 25% in the pre-market after providing update on the development of its single dose live attenuated virus vaccine candidate for Mpox, TNX-801, as WHO declares Mpox outbreak a global health emergency
SEEL – Up over 50% in pre after increased volume yesterday, earnings Wednesday
ZCAR – Up over 30% in pre after reporting better than expected earnings
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HOTLIST🔥
TNXP – Up over 25% in the pre-market after providing update on the development of its single dose live attenuated virus vaccine candidate for Mpox, TNX-801, as WHO declares Mpox outbreak a global health emergency
Tonix Pharmaceuticals Holding Corp. (TNXP) is a biopharmaceutical company, that focuses on developing, discovering, commercializing, and licensing therapeutics to treat and prevent human disease and alleviate suffering.
In the pre-market this morning, the company announced that Tonix’s live virus vaccine candidate, TNX-801, is designed to provide long-term protection from Mpox and smallpox with one dose.
TNX-801 vaccination demonstrated efficacy in protecting animals from lethal challenge with intratracheal monkeypox virus.
This comes after the World Health Organization (WHO) has declared spread of Mpox in multiple African countries a public health emergency of international concern (PHEIC).
The stock traded up over 25% in the pre-market in reaction to the news.
The $0.51 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $0.57, $0.60, $0.65 and then the pre-market high at $0.67. Beyond that, $0.71, $0.80 and $0.95 come into play.
Below $0.51, there is a gap to fill at $0.4568 with $0.44 and $0.42 as targets below that.
SEEL – Up over 50% in pre after increased volume yesterday, earnings Wednesday
Seelos Therapeutics Inc. (SEEL) is a clinical-stage biopharmaceutical company that focuses on the development and commercialization of therapeutics for the treatment of central nervous system and other disorders.
The company stated profit of 12 cents per share with revenue of $376,000 in the period.
After trading significantly increased volume yesterday, the stock is up over 50% in the pre-market this morning.
Targets to the upside are $0.50 and then the pre-market high at $0.5340. Beyond that, $0.65 and $1.01 come into play.
Below $0.50, targets to the downside $0.45, $0.40, $0.33 and then a gap fill at $0.27.
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ZCAR – Up over 30% in pre after reporting better than expected earnings
Zoomcar Holdings Inc. (ZCAR) operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices.
In the pre-market this morning, the company reported Q1 2024 results.
Highlights include:
Number of bookings: Total number of bookings increased by 9% from 103,643 bookings during the three months ended June 30, 2023, to 112,944 for the three months ended June 30, 2024.
Cost Optimisation Efforts: We successfully reduced our cost of revenue by 58%, from $3.6 million during the three months ended June 30, 2023, to $1.5 million during the three months ended June 30, 2024.
Reduction in adjusted EBITDA: Our adjusted EBITDA demonstrated significant improvement, narrowing from a loss of $6.8 million during the three months ending June 30, 2023, to a loss of $3.3 million during the three months ending June 30, 2024.
2024
2023
Net revenue
$ 2,240,985
$ 2,614,618
Cost of revenue
1,512,289
3,610,982
Gross Profit/(Loss)
728,696
(996,364)
The stock traded up over 30% in the pre-market in reaction to the results.
The first target for bulls is the pre-market high at $0.2131. Beyond that, $0.25, $0.32, and $0.44 come into play.
Below $0.2131, targets to the downside are $0.19, $0.16, $0.15, $0.14, $0.13, $0.1150 and then a gap fill $0.1090.
MARKET NEWS 📰
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