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Praxis Precision Medicine Analysts Raise Their Forecasts After Q4 Results
Benzinga· 2026-02-20 17:10
Praxis Precision Medicines, Inc. (NASDAQ:PRAX) reported a wider-than-expected loss for the fourth quarter on Thursday.The company posted quarterly losses of $3.50 per share which missed the analyst consensus estimate of losses of $3.08 per share.Praxis Precision Medicine shares fell 0.1% to trade at $303.00 on Friday.These analysts made changes to their price targets on Praxis Precision Medicine following earnings announcement.Wedbush analyst Laura Chico maintained Praxis Precision Medicine with an Underper ...
Wendy's Stock Pulls Back Friday After Activist Spark
Benzinga· 2026-02-20 17:09
Core Insights - Wendy's shares have declined significantly due to disappointing 2026 guidance, with projected adjusted EPS of 56 to 60 cents, falling short of the 86-cent consensus, and a forecast of flat global sales [2] - The stock has reached a new 52-week low, reflecting a sharp repricing driven by weak earnings power and modest growth expectations [3] Financial Performance - The company reported a double-digit decline in U.S. same-restaurant sales and shrinking company-operated margins, contributing to investor concerns [2] - Over the past 12 months, shares have decreased by 47.64%, indicating ongoing weakness in the stock [6] Market Sentiment - Trian has suggested that Wendy's shares are undervalued and has proposed potential strategic moves, including acquisitions that could lead to a de-listing of shares [4] - The market has seen a mixed technical outlook, with the stock trading 1.4% above its 20-day simple moving average but 5.5% below its 100-day simple moving average [6] Stock Analysis - The Relative Strength Index (RSI) is at 55.63, indicating a neutral position, while the MACD shows a bullish signal, suggesting mixed momentum in the stock [7] - Key resistance for the stock is identified at $9.00 [7] Recent Price Action - As of the latest publication, Wendy's shares were down 4.93% at $7.91 [8]
Why Are Rackspace Technology Shares Surging Friday? - Rackspace Technology (NASDAQ:RXT)
Benzinga· 2026-02-20 17:06
Rackspace Technology, Inc. (NASDAQ:RXT) is pushing higher on Friday. Nasdaq index is up 0.93% while S&P 500 is up 0.53%.On Wednesday’s the company announced of a strategic partnership with data-giant Palantir Technologies, Inc. (NASDAQ:PLTR) , designed to accelerate deployment of Palantir’s Foundry and Artificial Intelligence Platform (AIP). Under the deal, Rackspace will host Palantir’s software within its Private Cloud and UK Sovereign data centers, targeting highly regulated industries wary of the public ...
These Analysts Increase Their Forecasts On Yeti After Strong Q4 Results
Benzinga· 2026-02-20 17:05
YETI Holdings reported quarterly earnings of 92 cents per share which beat the analyst consensus estimate of 88 cents per share. The company reported quarterly sales of $583.708 million which beat the analyst consensus estimate of $582.455 million.YETI Holdings said it sees FY2026 adjusted EPS of $2.77-$2.83, versus market estimates of $2.83. The company sees sales of $1.980 billion-$2.017 billion, versus estimates of $1.975 billion.Matt Reintjes, President and Chief Executive Officer, commented, “Q4 was ou ...
SolarEdge Stock Is Surging: What's Going On Today?
Benzinga· 2026-02-20 17:02
SolarEdge Technologies stock is surging to new heights today. What’s driving SEDG stock higher?SolarEdge Outperforms Tech Sector With Bullish TrendsToday, SolarEdge Technologies is putting in a strong performance, easily outpacing much of the technology sector, which is up 0.59%. The move also lines up with broader market strength, with both the Nasdaq and S&P 500 trading higher. The stock's momentum appears to be driven by improving technical signals and a renewed wave of bullish sentiment across tech.Sola ...
Price Over Earnings Overview: ING Groep - ING Groep (NYSE:ING)
Benzinga· 2026-02-20 17:00
In the current session, the stock is trading at $29.59, after a 1.91% spike. Over the past month, ING Groep Inc. (NYSE:ING) stock increased by 3.34%, and in the past year, by 72.51%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.A Look at ING Groep P/E Relative to Its CompetitorsThe P/E ratio measures the current share price to the company's EPS. It is used by long-term investors t ...
Why Are Hycroft Mining Shares Surging On Friday? - Hycroft Mining Holding (NASDAQ:HYMC)
Benzinga· 2026-02-20 17:00
Core Viewpoint - Hycroft Mining Holding Corp is experiencing a volatile week driven by a significant resource update and changing macroeconomic conditions [1] Group 1: Short Interest - Short interest in Hycroft Mining increased from 4.94 million to 6.92 million shares, resulting in a short float of 13.69% of publicly available shares [2] - With an average daily volume of 7.23 million shares, it would take approximately one day for short holders to cover their positions without significantly impacting the stock price [2] Group 2: Resource Growth - Hycroft reported a 55% growth in both gold and silver Measured and Indicated Mineral Resources, totaling 16.4 million ounces of gold and 562.6 million ounces of silver [3] - The company also announced an initial high-grade silver resource of 90.2 million ounces [3] Group 3: Metallurgical Test Results - Metallurgical tests showed gold recoveries of 83% and silver recoveries of 78% through pressure oxidation, with flotation recoveries of 89.5% for gold and 92.9% for silver [4] - The company is evaluating a roasting process that could create an additional revenue stream through by-product sulfuric acid production [4] Group 4: Macro Environment - Gold prices approached $5,040 per ounce, while silver prices increased by about 4% to trade above $80.5 per ounce, driven by rising geopolitical tensions and changing U.S. macroeconomic expectations [5] Group 5: Market Performance - Hycroft Mining Holding shares were up 7.01% at $45.10, significantly outperforming the broader market [6]
Tandem Diabetes Care Analysts Boost Their Forecasts After Upbeat Q4 Results - Tandem Diabetes Care (NASDAQ:TNDM)
Benzinga· 2026-02-20 16:58
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) reported better-than-expected fourth-quarter financial results on Thursday.Tandem Diabetes Care reported quarterly losses of 1 cent per share which beat the analyst consensus estimate of losses of 8 cents per share. The company reported quarterly sales of $290.400 million which beat the analyst consensus estimate of $277.029 million.Tandem Diabetes Care said it sees FY2026 sales of $1.065 billion to $1.085 billion, versus market estimates of $1.103 billion.“2025 was ...
What's Behind The Dip In Interactive Strength Stock?
Benzinga· 2026-02-20 16:58
Core Insights - The recent volatility and share price decline of Interactive Strength have been influenced by negative statements from competitor Sportstech [1] Group 1: Acquisition and Financial Impact - The acquisition of Ergatta is seen as a strategic move that could improve Interactive Strength's financial health, with expectations of over $30 million in pro forma revenue for 2026 [2] - This acquisition is intended to enhance product offerings and market reach, providing a stronger platform for growth and profitability [2] Group 2: Synergies and Profitability - The merger with Ergatta is expected to synergize with Interactive Strength's existing portfolio, particularly after the successful integration of Wattbike [3] - The combination of these brands is projected to accelerate the path to profitability, which is crucial for stabilizing financials and reassuring investors [3] Group 3: Market Challenges and Strategic Focus - Despite challenges from a reverse stock split, strategic acquisitions and efforts to counteract negative market forces are essential for the company [4] - The focus remains on growth through strategic mergers and compliance with market regulations to ensure long-term sustainability and shareholder value [4] Group 4: Share Price Performance - Interactive Strength shares experienced a significant decline of 44.32%, trading at $0.24 at the time of publication [5]
Tandem Diabetes Care Analysts Boost Their Forecasts After Upbeat Q4 Results
Benzinga· 2026-02-20 16:58
Tandem Diabetes Care, Inc. (NASDAQ:TNDM) reported better-than-expected fourth-quarter financial results on Thursday.Tandem Diabetes Care reported quarterly losses of 1 cent per share which beat the analyst consensus estimate of losses of 8 cents per share. The company reported quarterly sales of $290.400 million which beat the analyst consensus estimate of $277.029 million.Tandem Diabetes Care said it sees FY2026 sales of $1.065 billion to $1.085 billion, versus market estimates of $1.103 billion.“2025 was ...