& Monument Trader’s Alliance
Here are some of our top movers today. And we’re opening up the private Jason Bond Trading Room today to welcome LEGENDARY TRADER, Nate Bear, to share his market perspective and best trading strategies. Learn a thing (or TEN!!!) and be the best prepared trader on the Street!
FOCUS LIST🔎
MVST- Up over 120% in the pre-market after reporting better than expected earnings, record revenue
KXIN – Up over 90% in the pre after announcing receipt of Nasdaq letter regarding regaining compliance with minimum bid price requirement
EDBL- Up over 17% in pre after reporting 324% year-over-year increase in gross profit for nine-month period ending September 2024
*sponsored by The Daily Upside
Invest Wisely with The Daily Upside
In this current market landscape, we all face a common challenge.
Many conventional financial news sources are driven by the pursuit of maximum clicks. Consequently, they resort to disingenuous headlines and fear-based tactics to meet their bottom line.
Luckily, we have The Daily Upside. Created by Wall Street insiders and bankers, this fresh, insightful newsletter delivers valuable market insights that go beyond the headlines. And the best part? It’s completely free.
HOTLIST🔥
MVST- Up over 120% in the pre-market after reporting better than expected earnings, record revenueMicrovast Holdings, Inc. (MVST) is a technology innovator that designs, develops and manufactures lithium-ion battery solutions.
In the after-hours yesterday, the company reported Q3 2024 financial results.
Highlights Include:
Revenue of $101.4 million, compared to $80.1 million in Q3 2023, an increase of 26.6%
Gross margin increased to 33.2% from gross margin of 22.3% in Q3 2023; Non-GAAP adjusted gross margin increased to 33.9%, up from 24.2% in Q3 2023
Operating expenses of $27.5 million, compared to $44.7 million in Q3 2023; Adjusted operating expenses of $22.0 million, compared to $30.3 million in Q3 2023
Net profit of $13.2 million, compared to net loss of $26.2 million in Q3 2023; Non-GAAP adjusted net profit of $16.8 million, compared to non-GAAP adjusted net loss of $10.3 million in Q3 2023
Shares of MVST traded up over 120% in the pre-market in reaction to the news.
The $0.38 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $0.4250, $0.4457 and then the pre-market high at $0.4580. Beyond that, $0.48, $0.54 and $0.60 come into play.
Below $0.38, targets to the downside are $0.37, $0.35, $0.3150, $0.30, $0.2850, $0.2350 and then a gap fill at $0.1807.
KXIN – Up over 90% in the pre-market after announcing receipt of Nasdaq letter regarding regaining compliance with minimum bid price requirement
Kaixin Holdings (KXIN) primarily sells domestic and imported automobiles in the People’s Republic of China. It sells new and used vehicles through a network of dealerships with focus on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche.
In the pre-market this morning, the company announced the receipt of a notification letter dated November 12, 2024 from the Hearing Panel of the Nasdaq Stock Market, notifying Kaixin that the Company has regained compliance with the minimum bid price requirement in Listing Rule 5550(a)(2) , as required by the Hearing Panel’s decision dated September 12, 2024.
Shares of KXIN traded up over 90% in the pre-market in reaction to the news.
The $5.20 area acted as support in the pre-market and will be an important level to watch. Above it, targets to the upside are $5.80, $6 and then the pre-market high at $6.25. Above that, $7, $8, $9 and $10 come into play.
Below $5.20, targets to the downside are $4.60, $4.15, $3.35 and then a gap fill at $2.92.
*together with Monument Trader’s Alliance
LIVE TODAY @12pm EST
Legendary Trader, Nate Bear, comes to OUR house to talk shop – including his current Market Outlook and how his new “Earning Profit Surge” strategy works.
Come learn a thing… or TEN!
EDBL- Up over 17% in pre after reporting 324% year-over-year increase in gross profit for nine-month period ending September 2024
Edible Garden AG Incorporated (EDBL) is a leader in controlled environment agriculture (CEA), locally grown, organic and sustainable produce and products.
In the pre-market this morning, the company provided a business update and reported financial results for the three months ended September 30, 2024.
Highlights Include:
For the three months ended September 30, 2024, revenue totaled $2.6 million, compared to $3.3 million for the three months ended September 30, 2023.
Cost of goods sold totaled $1.9 million for the three months ended September 30, 2024, compared to $3.3 million for the three months ended September 30, 2023.
Net loss was $2.1 million, or ($0.65) per share, for the three months ended September 30, 2024, compared to a net loss of $2.4 million, or ($13.83) per share, for the three months ended September 30, 2023.
Jim Kras, Chief Executive Officer of Edible Garden, commented, ” We are pleased to report another strong quarter. Earlier this year, we made a strategic shift away from lower margin floral and lettuce products. This decision continues to pay dividends, highlighted by a $687,000 increase in gross profit for the third quarter of 2024 compared to the same period last year, representing gross profit margin expansion of 27% as compared to the third quarter of 2023.
Shares of EDBL traded up over 17% in the pre-market in reaction to the results.
The $0.18 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $0.20 and then the pre-market high at $0.2219. Beyond that, $0.25, $0.3188 and $0.4430 come into play.
Below $0.18, targets to the downside are a gap fill at $0.1734 the $0.16 and $0.15.
MARKET NEWS 📰
P.S. Make sure you text “RAGE” to (888) 404-5747 to get all of our latest HOT STOCK ideas!
Questions or concerns about our products? Email [email protected] © Copyright 2022, RagingBull
DISCLAIMER: To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at https://ragingbull.com/disclaimer
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.
RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.
RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull. com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.
RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull. com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull. com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.
*Sponsored Content: If you purchase anything through a link in this email other than RagingBull services, you should assume that we have an affiliate relationship with the company providing the product or service that you purchase, and that we will be paid in some way. We recommend that you do your own independent research before purchasing anything. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.
WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.
