Q2 Earning Season Delivering
Denver, Colo., August 15, 2023 – (24/7 Market News) It happens every quarter, but last week seemed to deliver an outsized number of big winners, which makes sense, when you consider the number of low priced listings that are setup for a trend reversal.
Three interesting early week setups caught our attention, including Siyata Mobile Inc. (NASDAQ: SYTA) hosting a call to report its second quarter 2023 financial results Tuesday morning. Siayata has momentum going into the call, gaining over 12% on Friday with a surge in August trading volume. Siayata Mobile’s recent corporate events, including a crucial capital infusion, strategic reduction of the float, and an aggressive sales volume increase through top mobile carriers are why we think this call may be special.
monday.com’s (NASDAQ: MNDY) second-quarter financial results report call is scheduled for Monday, before the opening bell, and it’s the exception in this editorial, as it’s near its 52-week highs. However, with multiple analysts reiterating their buy calls and increasing their price targets, this may be an eye-opening call.
CXApp Inc. (NASDAQ: CXAI) will host its first quarterly financial results conference call after Monday’s market close. Traders will surely want to keep an eye on this one, as many remember that it raced from just over a dollar to over twenty dollars, on nearly 200 million shares traded, over a two-day period in April.
Four listings to track following last week’s reports include Edible Garden (NASDAQ: EDBL), which reported on Thursday that its Q2 2023 financial results included a 168% growth in gross profits and that they’re projecting positive quarterly cashflow from operations before year-end. After closing Wednesday’s trading at $1.19, it hit a high of $2.37, after reporting its second quarter financial results, and closed at $1.54, up $0.335 (+27.80%), on 73,562,504 shares.
On Friday morning, Telesat (NASDAQ: TSAT) reported that it has a substantial contractual backlog of $1.6 billion and a cash balance of $1.5 billion. After closing Thursday at $8.45, it shot up to $16.49 in the premarket and hit a new 52-week high of $13.89 in the regular session, before closing at $12.97, up $4.52 (+53.49%), on 23,276,321 shares traded.
Genius Group Limited (NYSE American: GNS) also reported Friday morning that its full year 2022 revenue grew by %119, to $18.2 million, compared to 2021 revenues of $ 8.3 million. It also increased its goodwill to $31.7 million by December 31, 2022, compared to $1.3 million as of December 31, 2021 as a result of the acquisitions completed this year. It also grew its students and users growth rate by 58%, from 2.8 million students at the end of 2021 to 4.5 million students and users at the end of 2022. It traded as high as $1.43, before closing at $1.19, up $0.375 (+46.01%), on 61,939,426 shares traded.
Rigetti Computing (NASDAQ: RGTI) shares traded higher, hitting a $2.75 high and closing at 2.28, up $0.64 (+39.02%), on trading volume of 79,866,385 shares traded, after posting a narrower-than-expected quarterly loss.
Our report, "The Bull Case for NASDAQ: SYTA," provides deeper insight: https://www.247marketnews.com/syta-siyata/
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