NanoViricides (NYSE-A:NNVC) has earned a ‘Buy’ rating and a $6.50 price target from EF Hutton analysts after the company released positive safety results from its Phase 1a/1b clinical study involving its lead asset NV-387.
Shares of NanoViricides (NYSE-A:NNVC) traded hands at about US$1.12 on Tuesday afternoon.
Microsoft Corporation (NASDAQ:MSFT) shares were trading a little lower on Tuesday afternoon ahead of a key earnings report expected after hours.
For fiscal 2Q, analysts at Jefferies estimate revenue of $60.9 billion and GAAP EPS of $2.74.
Apple Inc (NASDAQ:AAPL, ETR:APC) will hand down its first quarter fiscal 2024 financial results after the stock market closes on Thursday, February 1, and analysts have warned that weak consumer demand in China will drag on the iPhone maker’s revenue.
Capital.com analysts believe this impact will be greatest on Apple’s products division.
Spotify Technology SA (NYSE:SPOT) shares still lots of "room to run", said UBS as it upgraded its rating on the music streaming giant on the back of an expected break-even performance in the second half of 2023.
Ahead of its earnings on February 6, Spotify's continued focus on improving efficiency is leading to growing confidence from the analysts about management's ability to expand profit margins and improve its overall financial performance.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is expected to report impressive growth in both its revenues and profits for the fourth quarter, with Wall Street analysts expecting the company to report an almost 180% jump in earnings per share and a 20% increase in revenue.
The Facebook, Instagram and WhatsApp parent is set to hand down its fourth quarter and full year 2023 financial results after the stock market closes on February 1, 2024.
Uber Technologies Inc (NYSE:UBER) has earned a price target bump from analysts at the Bank of America (BofA) who now expect the stock to reach $73 per share up from their prior expectation of $68.
Shares of the ride-hailing and delivery app traded hands at about US$67 late morning on Tuesday.
Greencoat UK Wind PLC (LSE:UKW)’s fourth-quarter net asset value dropped due to power prices and lower inflation, partly offset by a maiden valuation of REGOs (Regional Energy Guarantees of Origin), notes broker Stifel.
Net asset value on 31 December 2023 was 164.1p (vs 165.8p on 30 September). REGOs were included for the first time owing to increased and sustained market prices over the last 12 months, which added 4.8p; power prices were minus 2.5p and inflation minus 2.4p.
Kromek Group PLC (AIM:KMK)'s comment that revenues are expected to grow in line with market expectations of 20% this year implies a sharp pick-up in the second half to around 32%, says Cavendish.
Although this sounds like a tough target, the broker adds because of the recurring contract revenue nature of the business, revenue forecasts are predictable.
The City is upbeat on Ryanair Holdings PLC (LSE:RYA) despite CEO Michael O’Leary’s European budget airline lowering its profit guidance for the year ahead.
In Monday’s third-quarter trading update, the carrier reported a net profit of €15 million (£12.8 million), marking a dramatic 93% year-on-year reduction from €211 million as higher fuel costs bit into the bottom line.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL)’s update from the deep-level drilling programme at its Blanket Mine was encouraging, says broker Cavendish with grades and widths generally better than expected.
As a result, the overall resource should increase and so lead to an extension of the mine life.
Prominent British vape wholesaler Supreme PLC (AIM:SUP) has welcomed the “clarity” provided by Prime Minister Rishi Sunak’s sweeping disposable vape ban announcement in a hastily published trading update.
AIM-listed Supreme noted that its suite of rechargeable pod systems is “fully compliant” with the initiative, which is aimed at eliminating underage vaping and environmental issues associated with disposable vapes.
Delivery Hero (ETR:DHER, OTCQX:DLVHF) selling its stake in Deliveroo PLC (LSE:ROO) removes one of the more plausible potential bidders for the takeaway group, suggests broker Shore Capital.
A bookbuild process is being used to dispose of the shares with Germany-based Delivery Hero (ETR:DHER, OTCQX:DLVHF), a rival to Deliveroo, likely to see all of its 4.5% interest sold.
Luceco PLC (LSE:LUCE), the lighting company, fell by over 7% on Tuesday despite reporting guidance-beating full-year results.
One area attracting negative attention is the overall repair, maintenance and improvements market, which is said to be remaining “challenging” despite consumer confidence improving.