Author: Kritika Mehta

Lucid Group Inc. (NYSE: LCID) released its first-quarter FY22 earnings after the market closed on Thursday, May 5, 2022. Here is an overview of the latest disclosure. Lucid reported Q1 revenue of $57.7 million on deliveries of 360 vehicles to customers in the first quarter. The Company reported strong customer demand for Lucid Air with reservations now exceeding 30,000, reflecting potential sales of $2.9 billion. Lucid reiterated its 2022 production volume outlook of 12,000 to 14,000 vehicles and ended the quarter with close to $5.4 billion cash on hand, which is expected to fund the Company well into 2023. Lucid…

In the month of April, short interest in Digital Turbine, Inc. (NASDAQ: APPS) fell significantly. Short interest totalled 4,210,000 shares as of April 15, down 16.6% compared to the March 31 figure of 5,050,000 shares. Moreover, short sales account for about 5.1% of the APPS stock. Currently, the short-interest ratio is 1.2 days, calculated on an average daily share volume of 3,520,000 shares. In addition, the stock has been losing value today’s trading session as well. Key Statistics On Thursday, the APPS stock opened at $34.46. Currently, the Digital Turbine stock has a market capitalization of $3.03 billion, a beta…

NIO Inc. (NYSE: NIO) today provided an update on its status under the Holding Foreign Companies Accountable Act. The NIO stock has been losing value since the update was out. Moreover, the stock is nearing its 52-week low. NIO is aware that the company has been provisionally identified by the SEC under the HFCAA on May 4, 2022 U.S. Eastern Time. The company understands such identification may result from its filing of the annual report on Form 20-F for the fiscal year ended December 31, 2021. NIO understands the SEC made such identification pursuant to the HFCAA and its implementation…

Hycroft Mining Holding Corporation (NASDAQ: HYMC) released its first-quarter FY22 earnings after the market closed on Wednesday May 4, 2022. The HYMC stock has been soaring since then. Financial Highlights Safety – Hycroft’s safety performance continued to improve with a 0.29 trailing 12-month total reportable incident frequency rate at the end of the first quarter of 2022, well below industry average of 1.75. Our TRIFR is 0.00 year to date.Production – Gold production for the three months ended March 31, 2022, was 5,358 ounces and silver production was 16,861 ounces, in line with forecast. Processing of ore on leach pads…

Royal Caribbean Cruises (NYSE: RCL) released its first-quarter FY22 earnings before the market opened on Thursday May 5, 2022. Here is an overview of the latest disclosure. Revenue: $1.1 billion reported vs. $1.11 billion expectedEPS: ($4.58) reported vs. ($4.68) expectedNet Loss: $1.2 billion Even after strong earnings, the RCL stock was down by 1.43% and traded at $76.70 at 8:25 a.m. EDT in the pre-market trading session on Thursday. The revenue grew by a whopping 2421.1% year-over-year. Also, the Group’s fleet size expanded to 63 with the delivery of Wonder of the Seas and Celebrity Beyond in the first quarter…

Booking Holdings (NYSE: BKNG) released its first-quarter FY22 earnings after the market closed on Wednesday, May 4, 2022. Here is an overview of the latest disclosure. Revenue: $2.7 billion reported vs. $2.52 billion expectedNon-GAAP EPS: $3.90 reported vs. ($0.14) expectedNet Income: $161 million The BKNG stock was up by 8.30% and traded at $2,277.99 (up by 174.66 points) in the after-hours trading session on Wednesday. Financial Highlights Total revenues for the first quarter of 2022 were $2.7 billion, an increase of 136% from the prior-year quarter.Net loss for the first quarter of 2022 was $700 million, compared with a net…

In a report published on Monday, equities experts at Cowen reduced Cloudflare’s (NYSE: NET) target price from $250.00 to $200.00. Therefore, the NET stock dropped significantly in the trading session today ahead of earnings. However, according to Cowen’s price target, the stock may gain by a massive 123.02 % from its previous close. There have been several other price target revisions as well which might have affected the stock earlier. Other ratings The company has also been the subject of studies from a number of other equities analysts. In a study report issued on Monday, February 14, Stifel Europe raised…

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data collection, announced today that it has signed a new Multiple Launch Agreement with SpaceX reserving launch capacity for its next 68 satellites. This new MLA follows the current MLA covering 2022 launches, and confirms that SpaceX continues to be Satellogic’s preferred vendor for rideshare missions, meeting the capacity demands of Satellogic’s constellation roadmap and providing shorter periods between satellite development and deployment. In response to the aforementioned news, the SATL stock gained substantially in the pre-market session today. CEO’s Statement “Following our previous launch successes with SpaceX, we…

Moderna Inc. (NYSE: MRNA) released its second-quarter FY22 earnings before the market opened on Wednesday May 4, 2022. Here is an overview of the latest disclosure. Revenue: $6.1 billion reported vs. $4.50 billion expectedEPS: $8.58 diluted vs. $5.18 expectedNet Income: $3.7 billion Financial Highlights First quarter 2022 revenues of $6.1 billion; GAAP net-income of $3.7 billion and GAAP diluted EPS of $8.58Moderna reiterates its 2022 signed advance purchase agreements of approximately $21 billionSubmitted a EUA request to U.S. FDA for a 25 μg two-dose primary series of mRNA-1273 in children 6 months to under 6 years of age; similar requests…

Skyworks Solutions, Inc. (NASDAQ: SWKS) reported its second-quarter FY22 earnings inline with analyst expectations on Tuesday after the market closed. Skyworks announced earnings per share of $2.63 on revenue of $1.34B.  The company’s stock was down 4% during after hours following the announcement. Analyst expectations EPS: $2.63 vs $2.63 per share expectedRevenue: $1.34 billion vs $1.33 billion expected Financial Highlights Delivers Record Second Quarter Revenue of $1.336 Billion, up 14% Y-o-Y.Posts GAAP Diluted EPS of $1.86 and Non-GAAP Diluted EPS of $2.63.Returns $509 Million to Stockholders in Dividends and Share Repurchases.Guides to Double-Digit Y-o-Y Revenue and Earnings Growth in Q3…