NEWS AFFECTING THE NOOB
Tattooed Chef (NASDAQ:TTCF) Raised to “Hold” at Zacks Investment Research
31 October 2021
Several institutional investors and hedge funds have recently bought and sold shares of TTCF. BlackRock Inc. raised its holdings in shares of Tattooed Chef by 42.9% in the 1st quarter. BlackRock Inc. now owns 565,675 shares of the company’s stock worth $10,991,000 after acquiring an additional 169,871 shares during the last quarter. UBS Group AG raised its holdings in shares of Tattooed Chef by 3.4% in the 1st quarter. UBS Group AG now owns 27,075 shares of the company’s stock worth $526,000 after acquiring an additional 885 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Tattooed Chef in the 1st quarter worth about $50,000. Geode Capital Management LLC raised its holdings in shares of Tattooed Chef by 23.9% in the 1st quarter. Geode Capital Management LLC now owns 310,373 shares of the company’s stock worth $6,030,000 after acquiring an additional 59,963 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Tattooed Chef by 39.7% in the 1st quarter. Northern Trust Corp now owns 55,332 shares of the company’s stock worth $1,075,000 after acquiring an additional 15,716 shares during the last quarter. Institutional investors own 16.46% of the company’s stock.
Posted by Stephan Byrd, Ticker Report
Good news for TTCF as they recently acquired nutritional bar factory. With institutional funds loading as well, things are looking rosy based on their current price.
Robinhood Taps Lucrative Options Market
1 November 2021
For financial service firm Robinhood, it's abundantly clear which of the two services it offers is more lucrative. In its third-quarter earnings call last Tuesday, the company reported options deals rang up nearly half its net revenue, despite accounting for only 13% of its users' trades. Now, others are cashing in on the options craze.
Thanks to fruitful payment-for-order-flow agreements with high-speed trading firms such as Citadel and Susquehanna, retail brokerage firms like Robinhood rake in more than twice as much selling options than stocks. According to Bloomberg Intelligence, the disparity between the two is so big, the 11 largest US retail brokerages earned 60% on options between July 2020 and June 2021 — collecting $2.2 billion.
Traders are increasingly turning toward the option avenue as well: so far this year, there have been more than 38 million option deals every day, an all-time high. That's why it's becoming an essential part of Robinhood's business:
In its third quarter, the company reported $164 million in revenue from selling options order flow — three times more than stock trades.
Options payments accounted for 45% of Robinhood's third-quarter net revenue, while stocks and crypto, its other two routes for order-flow payments, notched roughly 14% each.
Posted by The Daily Upside, The Motley Fool
Are you part of this option craze or have you been dealing with options for a while? For me, I think I'm part of this craze!!! OMG. I'm in the market for ten over years. I only entered the world of options this April. Thanks to my mentor.
Microvast buys R&D center in Orlando, Florida
2 November 2021
Microvast Holdings (NASDAQ:MVST) has expanded its presence in the Orlando area with acquisition of a new research, development and innovation center in Lake Mary, Florida.
The location will become Microvast's innovation headquarters and will include a world-class laboratory for battery prototyping. The $11M existing facility is ~75,000 square feet on 8 acres and currently consists of office space and a warehouse.
Existing employees in the Orlando area will begin working in the facility immediately. The technology firm also plans to hire an additional 100 industry experts to work in various areas of battery technology research and development over the next five years.
Yang Wu, President and Chief Executive Officer, said, "This investment will support our long-term growth objectives by ensuring that our technologies remain on the forefront, pushing the boundaries of non-flammable material technologies, fast charging cells and battery lifetimes for many years to come."
Wenjuan Mattis, Chief Technology Officer, added "We have already begun recruiting and investing in engineers and PhDs for this new facility, which will complement our existing R&D presence of more than 500 professionals in Huzhou, China."
By: Preeti Singh, SA News Editor
News that propelled MVST moves towards $10 these few days. I got CC positions at SP 10. Good for MVST to start around that region for I can get delicious premiums.
Why Triterras Stock Plunged 30% Today
3 November 2021
Shares of Triterras (NASDAQ:TRIT), which provides a blockchain-enabled trade financing platform, fell a dramatic 30% on Tuesday. The big news behind the decline actually came after the close on Monday, when the company announced that it wouldn't be able to meet a Nov. 1 exchange deadline for filing its annual report for the year ended February 2021.
On Oct. 28, just a few days ago, the audit committee announced that it found nothing wrong. The stock rallied massively on that news, likely assuming that the issue had been put to rest.However, thanks to the board's efforts, Triterras, a foreign company, had delayed the filing of its annual 20-F. It had until Nov. 1 to complete the filing, but missed that deadline. It is seeking a delay until Dec. 1, but there's no guarantee that Nasdaq will grant its request. Investors were not pleased, as it suggests that things aren't as sanguine as the audit committee release on Oct. 28 might have indicated. Clearly, this could just be a legitimate delay (big audits can be complicated), but investors don't like uncertainty, and the news yesterday muddies the waters rather than clearing them.
Reuben Gregg Brewer, The Motley Fool
Basically it is a pump on news and sell on news. Will be looking to sell put on TRIT for Nov 19. If and a big if the premium is decent enough.
Elon Musks asks Twitter whether he should sell 10% of Tesla stock
7 November 2021
“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?”
That was a late Saturday tweet from the electric-car maker’s TSLA, -0.64% chief executive officer Elon Musk, whose attached poll had gathered more than 2.6 million votes by early Sunday. Due to expire later in the afternoon, eastern Time, the votes so far were 56% for selling, and 46% against.
Musk went on to say that he would “abide by the results of this poll, whichever way it goes,” and that he doesn’t “take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.”
Shares of Tesla finished up 9% last week, just off that record high at $1,222.09, and are up 73% so far this year. Musk himself holds about a 17% stake in Tesla that’s worth more than $200 billion. A 10% chunk, if he decided to sell, would be worth more than $20 billion, according to FactSet.
By Barbara Kollmeyer, Market Watch
I don't think it was cause a crash in TSLA price on Monday. Any pullback will be opportunity for people to get into TSLA shares.
SmileDirectClub Reports Third Quarter 2021 Financial Results
9 November 2021
Third Quarter 2021 Financial Highlights
Total revenue of $138 million, a decrease of 18.3% over the prior year period.
Net loss of $(89) million, a decrease of 105.6% over the prior year period.
Adjusted EBITDA of $(54) million, a decrease of $57 million over the prior year period.
Diluted EPS of $(0.23), a decrease of 109.1% over the prior year period.
Year-to-Date Third Quarter 2021 Financial Highlights
Total revenue of $511 million, an increase of 8.3% over the prior year period.
Net loss of $(240) million, an improvement of 2.1% over the prior year period.
Adjusted EBITDA of $(72) million, an improvement of $13 million over the prior year period.
Diluted EPS of $(0.62), a 3.1% improvement over the prior year period.
Key Operating Metrics
Third quarter unique aligner shipments of 69,906.
Third quarter average aligner gross sales price (“ASP”) of $1,900 for the third quarter of 2021, compared to $1,794 for the third quarter of 2020.
By Smile Direct Club
Post market sees SDC drops 20%++. Will be loading up the boat for SDC at SP 4 if the premium is good enough.
Should you buy Coinbase stock after weak earnings?
10 November 2021
Coinbase had a relatively weak quarter as the volume of transactions declined dramatically. The company said that its revenue rose by 315% year-on-year to more than $1.31 billion. This was substantially lower than what analysts were expecting. It missed by about $270 million.
Coinbase made a profit of $1.62 per share, which was better than estimates. Its monthly transacting users was 7.4 million, which was lower by about 16%. At the same time, volume crashed by 29% to more than $329 million. It ended the quarter with assets worth more than $255 billion of revenue.
There were some other positives. For one, the company announced that its subscription and services revenue jumped by 41% to more than $145 million. Its custody services also did relatively well.
Still, Coinbase a closer look at the cryptocurrencies market shows that a weak performance was expected. In the first part of the second quarter, we saw substantially low volumes as cryptocurrency prices stagnated. At the same time, companies like Square and Robinhood delivered weak crypto results. This was a signal of what to come.
By Crispus Nyaga, Invezz News
Its pretty much expected since we all know crypto trading had been weak in relative to a year ago. Coinbase had been climbing from 220 all the way to 350. Its too fast too furious. A dip below 300 looks likely and its there maybe there is some buying opportunity.
Why The Honest Company Stock Jumped 17% on Thursday
13 November 2021
Revenue was up 6% to $82.7 million and net loss more than doubled to $5.1 million, or $0.06 per share. Analysts were expecting just $80.8 million in revenue and a loss of $0.06 per share.
Skin and personal care products were the biggest growth driver, up 28% from a year ago to $25.4 million. Diapers and wipes revenue was up 16% to $53.8 million, but household and wellness revenue plunged 71% to $3.4 million.
It's also worth noting that retail channels were Honest Company's biggest growth driver as these revenues rose 28% to $43.5 million. On the other hand, digital sales fell 11% to $39.1 million.
By Travis Hoium, The Motley Fool
Sold Put for HNST as I expect them to continue their rise after earnings. Will be very comfortable to get in at this level should stocks be assigned.
Why AvePoint Is Down More Than 12% Today
16 November 2021
For the three-month stretch ending in September, AvePoint lost $28.7 million -- or $0.05 per share -- on sales of $53.9 million. Analysts were modeling revenue of $52.6 million. Non-GAAP (adjusted) operating profits came in at $4 million, or roughly $0.02 per share, versus analyst estimates of $0.01 per share. That still wasn't enough excite the market despite the 36% year-over-year improvement in sales.
Guidance for the quarter now underway didn't stoke buying, either. AvePoint says it's going to generate between $56.4 million and $58.4 million worth of revenue, which should translate into an operating bottom line of somewhere between a breakeven and a non-GAAP profit of $1.5 million. That's again in line with analyst estimates for sales of $57.2 million and per-share earnings of $0.01. But investors clearly need more.
In light of the stock's 49% sell-off from January's high, though, today's brush with record lows is arguably a buying opportunity regardless of this difficulty. Granted, it's far from an ideal pick for everyone. Retirees in need of reliable dividend income, for instance, may want to steer clear. Given the months of selling leading up to today, it's arguable enough that Monday's steep setback is also a capitulation.
By James Brumley, The Motley Fool
Any price under 8 will be really tempting me to enter. The Good thing is their options spread is 1 dollar apart. if it drops further. I will attempt a sell put at 8. Probably next week as I'm waiting for my options to settle this friday.
TATTOOED CHEF REPORTS THIRD QUARTER 2021 FINANCIAL RESULTS
17 November 2021
PARAMOUNT, Calif., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant based foods, today announced financial results for the three and nine months ended September 30, 2021.
“We are pleased with our third quarter results with record revenue driven by our Tattooed Chef branded products,” said Sam Galletti, President and CEO of Tattooed Chef. “Tattooed Chef is now a top 10 brand across the club, grocery and mass channels in the categories in which we compete. Our branded products are now in over 13,000 stores nationwide as we have executed on our plan to diversify both channel and customer mix. Looking ahead, we believe we are well positioned to execute on our growth strategy with tremendous momentum entering 2022 and beyond.”
Sarah Galletti, Chief Creative Officer and “The Tattooed Chef”, added, “We are thrilled with Tattooed Chef’s acceptance at retail stores and believe our products resonate with the next generation of consumers. We are constantly looking for new ways to go to market and, supported by our recently announced acquisitions, we plan to expand our product portfolio beyond the freezer aisle allowing consumers to enjoy Tattooed Chef products at home and on-the-go. I have never been more excited about our future opportunities for growth.”
By Tattooed Chef IR
Time to LOAD THE BOAT
Why Shares of StoneCo Crashed This Week
20 November 2021
StoneCo reported a net loss equivalent to $230 million on total revenue equivalent to roughly $270 million. On an adjusted basis, StoneCo reported the equivalent of a roughly $24 million profit, which missed analyst expectations for adjusted net income.
Although revenue grew significantly on a year-over-year basis, adjusted earnings suffered because the bank had to recognize a more than $241 million loss associated with its prior investment in Banco Inter. StoneCo took a nearly 5% stake in the company in the second quarter of the year, but since then Banco Inter's stock has not fared well, along with the Brazilian economy.
Although not the quarter investors were hoping for, StoneCo, which enables businesses in Brazil to carry out payments and also grow customers, saw total payment volume in its network grow more than 70% year over year across small and medium-sized businesses (SMBs). The company also added a record number of SMBs and micro-merchants to its platform in Q3.
The Brazilian economy and banking landscape present a massive market opportunity and StoneCo should continue to be able to grow customers in a big way. But the economy is currently going through a rough stretch, with the government recently cutting gross domestic product forecasts for 2022 and inflation on the rise.
By Bram Berkowitz, The Motley Fool
Added StoneCo to the watchlist. Definitely a profitable company in the long run. Its a possible LC choice.
Qualigen Therapeutics (NASDAQ:QLGN) Issues Quarterly Earnings Results
23 November 2021
Quarterly revenues increased 38% to approximately $1.2 million, compared to approximately $0.8 million in the same quarter of the previous year
Year-to-date revenues increased 30% to $4.2 million, compared to $3.2 million in the same nine-month period of the previous year
Cash equivalents of approximately $12.3 million as of September 30, 2021
Qualigen Therapeutics, Inc. (Nasdaq: QLGN), a biotechnology company focused on developing novel therapeutic products for the treatment of adult and pediatric patients with rare cancers, as well as maintaining and expanding its flagship FastPack® diagnostic platform, today announced its financial results for the third quarter and nine months ended September 30, 2021.
“We are very encouraged by what we believe to be a strong quarter, with a 38% increase in year-over-year revenue,” commented Michael S. Poirier, Qualigen’s Chairman, CEO, and President. “As the country emerges from the pandemic and visits to medical offices are on the rise, we have experienced a corresponding recovery in our FastPack test kit sales. We continue to be encouraged by this increase.”
“In the meantime, we continue efforts to develop our therapeutics business, which is focused on novel approaches to rare cancers. We look forward to sharing news on those programs soon,” added Mr. Poirier.”
By QLGN IR
Sold all my 950 shares for my TIGER account. will sell 9 contracts of put if the premium is good tonight. Else its end game for me and QLGN
The Very Good Food Company Reports Strong Third Quarter 2021 Financial Results
30 November 2021
Q3 2021 Financial Highlights
Revenue in Q3 2021 increased 85% to $2,536,097 as compared to the same quarter last year primarily driven by strong eCommerce sales and an increase in wholesale revenue due to the Company's successful scaling of production and distribution expansion to meet demand in both sales channels. Compared to Q2 2021, revenue decreased 9% as VERY GOOD strategically prioritized retail orders over eCommerce, reserving inventory for the wholesale channel to support the third quarter US retail launch. As a result, VERY GOOD had a record month in October with $1.5 million in revenue from both its eCommerce and retail channels. The demand for Stuffed Beast and the introduction of Holiday Boxes led to a significant sales increase ahead of the festive season.
Wholesale revenue increased 173% to $846,749 in Q3 2021 compared to $310,444 in Q3 2020; and increased 86% from $455,055 in Q2 2021.
Wholesale distribution points increased 331% to 4,551 at the end of Q3 2021 compared to 1,055 at the end of Q3 2020 and increased 143% from 1,869 in Q2 2021.
eCommerce sales increased 58% to $1,546,146 in Q3 2021 compared to $978,883 in Q3 2020; and decreased 30% from $2,206,402 in Q2 2021 as retail orders were prioritized and inventory reserved to support the August US retail launch and fourth quarter eCommerce holiday promotions.
eCommerce orders fulfilled increased 34% to 17,546 in Q3 2021 compared to 13,107 orders fulfilled in Q3 2020 and decreased 27% from 24,057 in Q2 2021.
Adjusted gross margin was 36% of revenue YTD Q3 2021 compared to 30% of revenue YTD Q3 2020.
Adjusted general and administrative expense was $3,963,524 in Q3 2021 compared to $1,466,121 in Q3 2020 and $2,208,555 in Q2 2021. The year-over-year increase was driven by investments in expansion of the management team, professional and software license fees, and office expenses as we scale to accelerate growth.
Adjusted EBITDA was a loss of $(8,174,024) in Q3 2021 compared to $(3,138,595) in Q3 2020; and $(5,673,109) in Q2 2021.
By VGFC IR
Current Price under $1 is a great steal. SKUs are increasing, and Points of sales too.