Crypto Flipsider News – Grayscale Bitcoin ETF and ProShares, Crypto Market Cap ATH, Bakkt on NYSE, Steam Bans Crypto Games, Musk back at SHIB

Crypto Flipsider News – Grayscale Bitcoin ETF and ProShares, Crypto Market Cap ATH, Bakkt on NYSE, Steam Bans Crypto Games, Musk back at SHIB

Read in the Digest

  • Grayscale to convert the fund to a spot ETF and the ProShares ETF could launch this week.
  • Global crypto market capitalization hits new all-time high, Bitcoin is approaching ATH.
  • Bakkt is preparing to go public, BKKT shares are expected to trade on NYSE today.
  • Steam bans all games with crypto and NFT.
  • Elon Musk sets off another Shiba rally.

Grayscale to convert Bitcoin Fund to Spot ETF + ProShares ETF could launch this week

A global digital currency investment and cryptocurrency asset management company, Grayscale has hinted at its intention to file an SEC application to convert its bitcoin fund into a spot ETF.

Grayscale is on the long list of companies waiting for the SEC to approve the first bitcoin futures ETFs, but could be on the verge of changing their minds. Unlike Bitcoin Futures ETFs, if Grayscale issues a Bitcoin Spot ETF, they would be backed only by Bitcoin and have no derivatives attached to them.

The crypto community may soon receive their long-awaited Bitcoin exchange-traded fund (ETF). According to reports, ProShares could be the first to offer a bitcoin ETF after the fund provider submits an amended dossier.

The ProShares modified deposit carries all the hallmarks of a regulatory deposit, setting the tone for being the first Bitcoin ETF. The ticker symbol for the ProShares offering is set to “BITO” and the fund has an expense ratio of 0.95%.

Flipsider:

  • As the crypto community waits for the first Bitcoin ETF, analysts believe it could cause Bitcoin’s price to spike.

Why you should care

Anticipation has been building a long time before a Bitcoin futures ETF, and the approval of the former could be a major milestone for the industry.

Global crypto market capitalization hits new all-time high, Bitcoin approaches ATH

After an impressive month in the market and a week of rallying, the total market cap of cryptocurrencies has reached an all-time high. On October 18, the crypto market cap hit an ATH of $ 2.6 trillion.

The new ATH now means cryptocurrencies are worth more than Apple (NASDAQ 🙂 by market cap, rising to $ 2.550 billion by market cap at the time of writing.

The total market capitalization of cryptocurrencies. Source: Coingecko

Among the best performing cryptos is the industry’s flagship asset: Bitcoin. Over the past five days, the price of Bitcoin has risen by more than 7%, taking its price to a daily high of $ 62,614.

This is the highest point at which Bitcoin has traded in the past 6 months. As of this writing, Bitcoin is trading at $ 61,172. Bitcoin remains the largest cryptocurrency with a market cap of $ 1.153 trillion.

The dominance of Bitcoin in the crypto industry.

Flipsider:

  • The rise in Bitcoin prices has raised concerns, especially regarding inflation as its ATH approaches.

Why you should care

The total market capitalization of the cryptocurrency is now greater than that of the largest company in the world, showing that the industry continues to grow.

Bakkt Prepares To Go Public, BKKT Shares Are Expected To Trade On NYSE Today

Bakkt Holdings, a digital assets company founded in 2018, is preparing to go public after completing a merger with VPC Impact Acquisition Holdings, a specialist acquisition company.

The merger, Bakkt Holdings Inc., will see its Class A common shares and warrants begin trading on the New York Stock Exchange (NYSE) under the ticker symbols “BKKT” and “BKKT WS”.

Bakkt shares will begin trading today, Monday, October 18, 2021. Following the announcement, Gavin Michael, CEO of Bakkt, said:

“We expect our platform to continue to redefine the digital asset market in which it operates, and we are excited about the opportunity to accelerate our innovation, growth and scale as a public enterprise. “

Flipsider:

  • Digital assets have long been criticized for being too volatile, and inflation concerns have been raised as Bitcoin moves closer to its ATH

Why you should care

The merger with VPC Impact Acquisition Holdings will give Bakkt the capital necessary to continue to innovate and provide digital asset services.

Steam bans all games with Crypto and NFT

As crypto adoption increases, the company behind Steam, the Valve Corporation, has updated its content rules and guidelines for studio partners and made the decision to ban crypto-related products.

Following the ban, all games and applications involving the issuance or exchange of cryptos, or non-fungible tokens, are no longer permitted on Steam.

The new guidelines ban programs “built on blockchain technology that issue or authorize the exchange of cryptocurrencies or NFTs.” However, developers can still publish crypto-based games on Steam that are not connected to crypto or NFTs.

In response to the news, the developers of Age of Rust announced that it had been removed from Steam with very little warning. In September, Steam phased out Light Nite, a third-person ‘play to win’ multiplayer shooter that rewarded in-game wins with tiny amounts of bitcoin.

Flipsider:

  • Three years after banning Bitcoin, a global payment platform, Stripe announced a new crypto team

Why you should care

Valve’s decision to ban crypto-affiliated games comes at a time when platforms in general are embracing crypto.

Elon Musk sets off another Shiba rally

For the second time this month, Twitter (NYSE 🙂 CEO and crypto enthusiast Elon Musk has sparked another bull run for memecoin. Shiba Inu, enjoyed a major pomp after Musk tweeted a photo of his Shiba pet, Floki.

On October 17, the CEO of Tesla (NASDAQ 🙂 posted a text image of the Japanese dog Shiba Inu with a rocket – which is slang in the crypto world for “to the moon.”

Since the Tweet, Shiba has gained more than 10%, with daily trading volume more than doubling. As of this writing, SHIB is currently trading at $ 0.00002726

The five-day price chart for Shiba Inu (SHIB). Source: Tradingview

Flipsider:

  • As SHIB continues to explode, many influential people believe the coin itself has no real value.

Why you should care

Elon Musk’s influence on the crypto space continues to grow, directly affecting the price of Bitcoin, and now Shiba Inu.

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City Developments (SGX: C09) Adds S $ 290 Million To Market Cap In Past 7 Days, Though Investors From Five Years Ago Still Down 7.5%

In order to justify the effort of selecting individual stocks, it is worth striving to beat the returns of a market index fund. But in any portfolio, there will be mixed results between individual stocks. So we wouldn’t blame in the long run Limited city developments (SGX: C09) shareholders for having doubted their decision to keep, the stock having fallen by 16% over half a decade.

While the past five years have been difficult for City Developments shareholders, the past week has shown signs of promise. So let’s take a look at longer-term fundamentals and see if they’ve been the driving force behind negative returns.

See our latest review for City Developments

To paraphrase Benjamin Graham: In the short term the market is a voting machine, but in the long term it is a weighing machine. One way to look at how market sentiment has changed over time is to look at the interaction between a company’s stock price and its earnings per share (EPS).

Over the past five years, City Developments has seen its stock price drop as its EPS has fallen below zero. At this time, it is difficult to make meaningful comparisons between EPS and the stock price. But we would generally expect a lower price, given the situation.

The graph below illustrates the evolution of EPS over time (reveal the exact values ​​by clicking on the image).

SGX: C09 Growth in earnings per share October 18, 2021

We are happy to report that the CEO is paid more modestly than most CEOs of companies with similar capitalization. It’s always worth keeping an eye on CEO compensation, but a bigger question is whether the company will increase profits over the years. It might be worth taking a look at our free City Developments earnings, revenue and cash flow report.

What about dividends?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. TSR is a yield calculation that takes into account the value of cash dividends (assuming any dividends received have been reinvested) and the calculated value of any discounted capital increase and spinoff. It’s fair to say that the TSR gives a more complete picture of dividend paying stocks. Note that for City Developments, the TSR over the past 5 years was -7.5%, which is better than the share price return mentioned above. The dividends paid by the company thus boosted the total shareholder return.

A different perspective

While the broader market gained around 26% last year, City Developments shareholders lost 2.2% (including dividends). Even good stock prices sometimes drop, but we want to see improvements in the fundamentals of a company, before we get too interested. Unfortunately, last year’s performance may indicate unresolved challenges, given that it was worse than the 1.5% annualized loss over the past five years. We are aware that Baron Rothschild has said that investors should “buy when there is blood in the streets”, but we caution that investors must first ensure that they are buying a high quality business. While it is worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Example: we have spotted 2 warning signs for city developments you need to be aware of it, and one of them is potentially serious.

For those who like to find winning investments this free list of growing companies with recent insider buys, might be just the ticket.

Please note that the market returns quoted in this article reflect the market-weighted average returns of stocks currently traded on the SG exchanges.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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NuCypher Price Prediction 2021, 2022, 2023, 2024, 2025 Market Capitalization and Review


Cryptocurrency is one of the largest markets where thousands of coins are traded daily to generate profit for investors and businesses. Now the market is actually widely known in which millions of people invest their money to make a decent profit. Today we are going to talk about one of the trending tokens in the market named NuCypher (NU). Now, if you want to invest in this amazing token, you need to read all the key points about this token and the price prediction that we provide here. Here you will get all the information related to this token.

Let us tell you that NuCypher is a decentralized encryption, access control and key management (KMS) system, an encryption service for public blockchains. At the same time, NuCypher provides end-to-end encrypted data sharing over public blockchains and decentralized storage solutions. Speaking of the founder of the token, NuCypher was co-founded by Mikhail Egorov (founder of Curve) and Maclean Wilkison. The NuCypher white paper was first published in June 2017, but the testnet did not see the light until November 2018. NuCypher allows users to share private data among multiple members of a public consent network using representative re-encryption (PRE) technology.

NuCypher Price Prediction (NU)

According to NuCypher, this decryption technology makes it more secure and reliable than traditional blockchain schemes based on public key encryption. The current trading price for the token is $ 1.95. Many people are continually looking to invest their money in this amazing token. Here we have already provided the NuCypher (NU) price prediction in which you will get a proper clue regarding the price changes coming up to 2025. If you are also planning to spend your money on this amazing token, you must take a look. look at this token before investing in it.

NuCypher (NU) Price Prediction 2021

Now we are going to share the Token Price Prediction and we want to tell you that this is just a Price Prediction which can be changed at any time. Along with this, if you prepare to hold the token for the next few years, the price will surely increase in the years to come and traders will reap amazing profits from their investments. According to experts, the value of the token will move around $ 2.74 by the end of 2021.

Also check here: CHR Price Prediction

NuCypher (NU) Price Prediction 2022

If you are eager to know the price predictions and want to know more about this token then you are on the very correct website to compare the price of the tokens as most of the pages are the same due to the links of different experts. The same goes for this token and we can expect a greater value from this coin in the years to come. The estimated price of the token in 2022 is expected to hit the $ 3.85 mark.

NuCypher

NuCypher (NU) Price Prediction 2023

As always, we will continue to share the price of the token until 2025 and this will be our third prediction of this token. According to experts, by the end of 2023 the price of the token could rise to around $ 4.48 and we can expect a further increase in the coming years. Expectations could also be raised in the coming years.

NuCypher (NU) Price Prediction 2024

Here we are providing our penultimate prediction of this token and if you are planning to own this token then you can shift your thinking towards a plan as many investors are up to the same. This will change in the years to come. According to experts, the price of the token could reach around $ 5.83 by the end of 2024.

NuCypher (NU) Price Prediction 2025

Now you will get the latest prediction of this token here in which we can also see a big turnaround through which traders can get a big profit. Well the token will not always stay stable as before, and with betting the price will surely change but it depends on the business whether it is losing or profiting. The estimated price of this token by the end of 2025 is $ 6.54.

Conclusion

The conclusion said that the token has a lot of potential to stabilize the price in the years to come. The recent price hike is already making millions of traders take a look at this amazing token. If you are planning to make a huge profit on your investment, this will be a great option for you. Traders who have already invested in this token have already made a huge profit today. Here we have provided the NuCypher (NU) price prediction which simplifies the situation for investors to make the right decision to invest in it or not.


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Total crypto market cap nears all-time high, Bitcoin dominance slips

Total crypto market capitalization. Source: Coingeko.com

The crypto’s total market cap broke the $ 2.5 billion mark today and for the first time since May is close to its all-time high of $ 2.57 billion reached the same month. Meanwhile, bitcoin’s (BTC) dominance is weaker today than when the coin’s price peaked in mid-April.

The $ 2.5 billion mark was reached after the crypto market registered significant gains in recent days – with market capitalization rising by $ 110 billion since Wednesday alone.

In addition, today’s milestone also means that the market capitalization of all crypto-assets rose by more than 30% in just over two weeks, from $ 1.84 billion on September 29 to 2. , $ 44 billion at noon UTC on October 15.

The rise in market capitalization followed sharp rises in the price of bitcoin, aided by reports that the United States Securities Commission (SEC) is expected to allow the listing of the first exchange-traded fund (ETF) backed by bitcoin futures in the United States next week.

Meanwhile, it’s worth noting that bitcoin’s dominance over the overall crypto market valuation is weaker now than when bitcoin’s price hit all-time high in April. At the time, Bitcoin’s share of the crypto market was around 54%. To date, bitcoin’s dominance is around 44% to 46% (according to one data provider), having remained relatively stable around 40% since mid-May.

Bitcoin’s slightly weaker dominance this time around indicates that more altcoins are seeing growth in their market capitalization. However, it is also important to note that the number of altcoins is constantly increasing which, all other things being equal, is reducing bitcoin’s share of the crypto market.

Currently, the CoinGecko crypto tracking website has 9,749 different coins and tokens as part of the total crypto market.

The domination of Bitcoin. Source: TradingView

Commenting on the latest price movements in the crypto market, Ruud Feltkamp, ​​CEO of the crypto trading bot Cryptohopper attributed much of the gains to the historically good performance seen in October.

“October is almost always a good month historically, and this year is very similar to 2017. Before Bitcoin broke its ATH, it always struggled to break through the great resistance. Once broken, it will be a long, volatile road to the top. In 2017, the peak was between Christmas and New Year’s Day. Will this year be the same? I think so, ”Feltkamp wrote in an emailed comment.

____

Learn more:
– Bitcoin reaches 60,000 USD on ETF Hopes
– Experts disagree on Bitcoin ETF’s outlook in 2021 as deadline approaches

– Not ideal, but “better than nothing” – The market is waiting for the “Paper Bitcoin” ETF
– SEC approves Bitcoin linked ETF as market waits for ‘real’ BTC ETF

– Pro-crypto congressman denounces SEC’s Gensler regulatory plans
– Bitcoin and Ethereum See Deeper Markets, Maturing As Assets


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GitLab hits $ 15 billion market cap, stocks jump 35% after radical office-less CEO opts for more traditional IPO

Long before the pandemic, software company GitLab operated entirely remotely, creating its development tools without any physical office. It was also unusual in another way: Co-founder and CEO Sid Sijbrandij had a date set for his possible public offering: November 18, 2020.

The Covid-19 had other plans. But already configured in many ways to push more work online – both in its corporate structure and with its products, which help businesses build, maintain, and secure their websites and apps – GitLab hasn’t had to wait too long. The company went public Thursday on the Nasdaq under the ticker “GTLB”. Valued at $ 77, GitLab shares closed their first day of trading at $ 103.89, up 35%, giving GitLab a market cap of nearly $ 15 billion.

In an interview, Sijbrandij (pronounced “see brandy”) said going public would help GitLab remain a long-time manager with sufficient resources for the open source project on which its enterprise software is built. “It was bound to happen someday,” says Sijbrandij. “We knew we were ready, the markets were ready, so why not take the plunge today? “

With revenue of $ 58 million in the previous quarter, up 69% year on year, for losses of $ 40 million, GitLab fits the mold of a traditional B2B software provider with strong growing and unprofitable – the cloud players who in recent years have proven popular, and able to command high multiples, along with Wall Street. Although its losses have reduced recently, GitLab still generates around $ 1.50 in new business for every $ 1 previously spent by customers on its tools, putting it in elite company in the category.

But unlike recent companies such as Amplitude, Warby Parker, and Coinbase which have gone for a direct listing instead of an IPO, GitLab has gone the traditional route. Proponents of direct quotes typically cite the first day ‘pops’ as evidence that the value created by the rise in stock prices is going to banks and insider investors who buy into the IPO, not the IPO. business itself, leaving millions of potential fuel for the listed company on the table. Startups that raise private funding before a direct listing, they note, could bring in comparable amounts of money for smaller parts of their business.

Like Snowflake CEO Frank Slootman and others before him, Sijbrandij was not swayed by such arguments. The CEO of GitLab said he preferred to select investors through a traditional IPO roadshow. “It’s great that there are so many options available for businesses,” he says. “There are a lot more possibilities available to entrepreneurs. So I encourage everyone to do their due diligence and talk to a few companies that go through the different processes. I think there are good reasons for everyone … we are really happy with the course [we chose], and happy with the investors we were able to attract.

Perhaps an even more important factor for GitLab: As a DevOps company, the company and its leader wanted as much visibility as possible. GitLab has spent aggressively on sales and marketing over the past few quarters relative to its revenue, and Sijbrandij has repeatedly noted that being public would help increase GitLab’s awareness and profile with customers, partners and potential investors. The company was the very first on the Nasdaq to broadcast live all day of its IPO, with around 18,000 people stopping in the course of the broadcast, the statement said.

Former employee of a submarine company and web project manager for the Dutch Ministry of Justice, Sijbrandij started GitLab in 2012 as a company based on an open source project created by Dmitriy Zaporozhets and Valery Sizov. Zaporozhets joined a year later as a co-founder and CTO (Sizov followed in 2014). GitLab, the company would sell software tool subscriptions to help manage projects based on this technology, charging for what has become a suite of 10 separate tools for different stages of an application’s lifecycle.

This means that GitLab competes with a variety of offerings from other companies, including, unsurprisingly from the name, Microsoft’s subsidiary GitHub, but also infrastructure players and security specialists. “A few years ago when we introduced security, we saw a lot of revenue coming from it and we asked these people, ‘Why did you buy this? ”, Says Sijbrandij. The tool was not yet as good as the others, GitLab answered us. But customers would find vulnerabilities faster in GitLab; Buying everything from one vendor was easy enough that they trusted GitLab to catch up over time. “It has been a great accelerator of our growth,” said Sijbrandij.

Along the way, Sijbrandij has also emerged as one of the leading evangelists of remote working, advocating a non-hybrid and radically transparent office culture he says is fairer and more productive. This purist point of view remains an advantage in hiring, he says Forbes now; it also helps explain the livestream, partly the marketing opportunity and partly to include GitLab employees and advocates around the world. “It’s still behind closed doors,” Sijbrandij said of the IPO festivities and the listing process. Originally from the Netherlands, Sijbrandij added that his parents were two of the viewers. “It was great to share it with the world.”

And while GitLab hasn’t quite reached its initial IPO proclamation date, Sijbrandij says that October also matters. When he started raising outside capital in 2015, he asked co-founder and CTO Dmitriy Zaporozhets, one of the creators of the open source project that GitLab was built on, how long he had committed to building the ‘business. Ten years after the start of the project, Zaporozhets told Sijbrandij.

Going public in November 2020 would have had its own symbolism and would have given some leeway, Sijbrandij admits. But with the first code engagement in the GitLab project on October 8, 2011, the company’s IPO date fell within a week of Zaporozhets’ deadline. “It’s great to be able to celebrate this important milestone together today,” says Sijbrandij.


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As Challenger Technologies Limited (SGX: 573) reaches a market cap of S $ 190 million, insiders may be dismayed not to purchase larger quantities

View insider trading for Challenger Technologies Limited (SGX: 573) Over the past year, we find that insiders were net buyers. This means that more stocks were bought by insiders compared to stocks sold.

While we don’t think shareholders should just follow insider trading, we believe it would be foolish to ignore insider trading altogether.

Check out our latest review for Challenger Technologies

The last 12 months of insider trading at Challenger Technologies

Insider Sock Hwee Ong made the biggest insider buy in the past 12 months. This single transaction involved shares valued at S $ 97,000 at a price of S $ 0.47 each. While we love to see Insider Buys, we note that this significant purchase was significantly lower than the recent S $ 0.55 price. Because it happened at a lower valuation, that doesn’t tell us much- thing as to whether insiders might find today’s price attractive.

The chart below shows insider trading (by companies and individuals) over the past year. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!

SGX: 573 Insider trading volume October 13, 2021

There are many other companies that have insiders who buy stocks. You probably do not want to miss it free list of growing companies that insiders buy.

Insider Ownership of Challenger Technologies

Another way to test the alignment between a company’s executives and other shareholders is to look at how many shares they own. Strong insider ownership often makes company management more concerned with the interests of shareholders. Insiders of Challenger Technologies own about S $ 162 million in stock (or 85% of the company). This type of large insider ownership generally increases the chances that the business will be run in the best interests of all shareholders.

So what do Challenger Technologies insider trading indicate?

We certainly don’t mind the fact that there haven’t been any Insider Transactions from Challenger Technologies recently. On a more positive note, transactions over the past year are encouraging. With strong insider ownership and encouraging transactions, it looks like insiders at Challenger Technologies believe the company has merit. So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. During our analysis, we found that Challenger Technologies has 2 warning signs and it would be unwise to ignore them.

If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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As the market capitalization of Pokarna Limited (NSE: POKARNA) rose by 1.9 billion yen, insiders who bought last year might consider buying more.

Pokarna Limited (NSE: POKARNA) Insiders who bought stocks in the past year were rewarded handsomely last week. The stock rose 12%, leading to a € 1.9 billion increase in the company’s market capitalization. As a result, the stock they originally bought for 3.1 million yen is now worth 8.2 million yen.

While we never suggest that investors should base their decisions solely on what the directors of a company have done, logic dictates that you pay attention to whether insiders are buying or selling stocks.

See our latest review for Pokarna

Pokarna Insider Transactions in the Past Year

While no particular insider trades stood out, we can still look at all trades.

Ahalya Meka bought a total of 15,000 shares during the year at an average price of 204 yen. You can see insider trading (by companies and individuals) over the past year illustrated in the graph below. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!

NSEI: POKARNA Insider Trading Volume October 13, 2021

There are always a lot of stocks that insiders buy. So if it suits your style, you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).

Pokarna Insider Property

I like to look at how many shares insiders own in a company, to help inform my perspective on their alignment with insiders. We generally like to see fairly high levels of insider ownership. Pokarna insiders own around 11 billion yen of shares (or 62% of the company). I like to see this level of insider ownership because it increases the chances that management is thinking in the best interests of shareholders.

What could insider trading at Pokarna tell us?

It doesn’t mean much that no insiders have traded Pokarna shares in the past quarter. On a more positive note, transactions over the past year are encouraging. Judging by their dealings and strong insider ownership, Pokarna insiders are feeling good about the future of the company. In addition to knowing the current insider transactions, it is useful to identify the risks that Pokarna faces. At Simply Wall St, we discovered that Pokarna has 3 warning signs (1 is a bit unpleasant!) Which deserve your attention before going any further in your analysis.

If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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Archosaur Games (HKG: 9990) Adds CNN 651 Million To Market Cap In Past 7 Days, Though Investors From A Year Ago Still Down 58%

Archosaur Games Inc. (HKG: 9990) Shareholders should be happy to see the stock price rise 11% last month. But that doesn’t change the fact that last year’s returns were disappointing. Like a retreating glacier in a warming world, the stock price has melted 59% during this time. The rebound must therefore be seen in this context. We can say that the fall has been exaggerated.

The recent 8.3% rise could be a positive sign of things to come, so let’s take a hard look at historical fundamentals.

Check out our latest review for Archosaur Games

Archosaur Games has not been profitable over the past twelve months, we are unlikely to see a strong correlation between its share price and its earnings per share (EPS). Income is arguably our best option. Shareholders of unprofitable companies generally expect strong revenue growth. As you can imagine, rapid revenue growth, when sustained, often leads to rapid profit growth.

Archosaur Games revenue did not increase at all last year. In fact, it has fallen by 14%. It looks pretty dark, at a glance. In the absence of profits, it is not unreasonable that the stock price fell 59%. Fingers crossed, it’s low ebb for the stock. We have a natural aversion to businesses that lose money and reduce their income. But it may be too careful.

You can see how income and income have changed over time in the image below (click on the graph to see the exact values).

SEHK: 9,990 Revenue and Revenue Growth on October 12, 2021

It’s good to see that there have been some significant insider buys over the past three months. It’s positive. On the other hand, we believe that revenue and profit trends are much more meaningful measures of the business. This free report showing analyst forecasts should help you get an idea about Archosaur Games

A different perspective

Given that the market has gained 9.4% in the past year, Arcosaur Games shareholders might be upset that they lost 58% (including dividends). While the goal is to do better than that, it’s worth remembering that even large, long-term investments sometimes underperform for a year or more. With the stock falling 20% ​​in the past three months, the market doesn’t seem to believe the company has solved all of its problems. Given the relatively short history of this stock, we would remain fairly cautious until we see strong trading performance. I find it very interesting to look at the long-term share price as an indicator of company performance. But to really get an overview, we have to take other information into account as well. Concrete example: we have spotted 1 warning sign for Archosaur Games you must be aware.

Archosaur Games is not the only one to buy. So take a look at this free list of growing companies with insider buying.

Please note that the market returns quoted in this article reflect the market-weighted average returns of stocks currently trading on the Hong Kong stock exchanges.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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Dependency | TCS | HUL: Market cap of 8 of the top 10 cos jump Rs 2.32 lakh crore; RIL top winner

New Delhi: Eight of the 10 highest-valued companies together added a whopping Rs 2,32,800.35 crore to the stock market valuation last week, alongside the broader market recovery, with and Tata Consultancy Services emerging as the most big winners. Last week, the 30-stock BSE benchmark rose 1,293.48 points, or 2.20%. The benchmark index broke the 60,000 level on Friday.

The market valuation of Reliance Industries increased by Rs 93,823.76 crore to Rs 16,93,170.17 crore.

Tata Consultancy Services added Rs 76,200.46 crore, bringing its valuation to Rs 14 55,687.69 crore.



Infosys’ valuation jumped from Rs 24,857.35 crore to Rs 7,31,107.12 crore and that of Bajaj Finance gained Rs 12,913.91 crore to Rs 4,66,940.59 crore.

HDFC Bank’s market capitalization (m-cap) increased from Rs 10,881.09 crore to Rs 8,87,210.54 crore.

ICICI Bank added Rs 7,403.24 crore to Rs 4 87,388.37 crore in its assessment.

The valuation of Rs 5,310.14 crore to Rs 4,08,479.47 crore and that of HDFC gained Rs 1,410.4 crore to Rs 4,91,841.14 crore.

In contrast, the valuation of Hindustan Unilever Limited decreased from Rs 14,614.46 crore to Rs 6 20,362.58 crore.

The market valuation of Rs also fell from Rs 11,697.38 crore to Rs 3,836,866.29 crore.

Reliance Industries led the ranking of the 10 Most Valuable Companies, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.


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As LiveOne, Inc. (NASDAQ: LVO) drops to a market cap of US $ 218 million, insiders may rethink their stock purchase from US $ 621,000 earlier this year

The recent 12% drop in LiveOne, Inc. (NASDAQ: LVO) could be a blow to insiders who bought US $ 621,000 of shares at an average purchase price of US $ 2.80 over the past 12 months. Insiders buy with the expectation that their investments will increase in value over a period of time. However, recent losses made their above investment worth US $ 616,000, which is not ideal.

While insider trading isn’t the most important thing when it comes to investing for the long term, logic dictates that you pay attention to whether insiders are buying or selling stocks.

See our latest analysis for LiveOne

LiveOne Insider Transactions in the Past Year

Over the past year, we can see that the biggest insider buy was made by founder Robert Ellin for US $ 85,000 of shares, at around US $ 1.99 per share. While we love to see insider buys, we note that this large buy was significantly lower than the recent price of US $ 2.78. Since the shares were bought at a lower price, this particular purchase doesn’t tell us much about what insiders think about the current price of the share.

Over the past twelve months, LiveOne insiders have been buying shares, but not selling them. Their average price was around US $ 2.80. I would consider this a positive as it suggests that insiders are seeing value around the current price. You can see insider trading (by companies and individuals) over the past year shown in the graph below. By clicking on the graph below, you can see the precise detail of each insider trade!

NasdaqCM: LVO Insider Trading Volume October 9, 2021

LiveOne is not the only one to buy. So take a look at this free list of growing companies with insider buying.

LiveOne Insiders bought shares recently

During the last quarter, LiveOne insiders spent a significant amount on stocks. Overall, two insiders shelled out US $ 222,000 for shares in the company – and neither were sold. It makes you think the company has good points.

Does LiveOne boast of high insider ownership?

Another way to test the alignment between a company’s executives and other shareholders is to look at how many shares they own. I think it’s a good sign if the insiders own a significant number of shares in the company. Insiders own 18% of LiveOne’s shares, worth around $ 40 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what does this data suggest about LiveOne Insiders?

Recent insider buying is encouraging. We also trust the longer term picture of insider trading. However, we note that the company has not made a profit in the past twelve months, which makes us cautious. When combined with a notable insider ownership, these factors suggest that LiveOne insiders are well aligned and may think the share price is too low. In addition to knowing the current insider trades, it is useful to identify the risks that LiveOne faces. For example – LiveOne has 3 warning signs we think you should be aware.

Sure LiveOne might not be the best stock to buy. So you might want to see this free collection of high quality businesses.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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