5 AI Stocks with Potential for a Breakout!

Top Movers: Under $10

VCI Global Limited (VCIG) is up 81.93% today to trade at the current level of $6.83. This comes after the company announced that through its wholly-owned subsidiary, V Galactech Sdn Bhd, it has teamed up with the Microsoft Azure OpenAI platform.

Bullfrog AI Holdings Inc. (BFRG) zoomed 18.34% in today’s trade to $3.42. This rally can be attributed to news that the company’s AI Technology licensed from Johns Hopkins University APL named finalist in R&D 100 Awards.

In current trading, Full Truck Alliance Co. Ltd. (YMM) stock is at $6.93 following the release of second quarter 2023 unaudited financial results.

Immix Biopharma Inc. (IMMX) rose 9.44% in the early hours of today's trading to move at $1.97. The strong performance of IMMX stock came as investors were encouraged by the announcement of U.S. FDA's approval of Orphan Drug Designation for Immix Biopharma's NXC-201 as a targeted therapy for Multiple Myeloma.

In the current trading session, Grab Holdings Limited (GRAB) jumped 9.73% to $3.66 over a previous close of $3.34 after reporting second quarter 2023 results.

Ex-Dividends Stocks

Algoma Steel Group Inc. (ASTL) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.05 per share. The company has fixed August 25 as the record date for the same and will pay the actual dividend on September 29. Last year, the company distributed a total of $0.20 to its shareholders. Based on the last year's worth of payments, ASTL has a trailing yield of 2.79% on the current stock price of $7.18.

Another stock that is shelling out dividends tomorrow is AngloGold Ashanti Limited (AU), having a market capitalization of $7.20B. It will pay a dividend of $0.04 per share, the payment date of which is September 18. Currently, the stock is trading at a trailing dividend yield of 1.28%.

Shares of CDW Corporation (CDW) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.59 per share, and in the last 12 months, the company paid a total of $2.36 per share. Last year's total dividend payments show that CDW has a trailing yield of 1.16% on the current share price of $203.01.

Costco Wholesale Corporation (COST) is also set to go ex-dividend tomorrow. The next dividend payment from COST will amount to $1.02 per share. August 25 has been designated as the record date for this dividend, with the actual payout scheduled for September 08. In the previous year, COST distributed a total of $4.08 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for COST stands at 0.76% based on the current stock price of $538.37.

Hilton Worldwide Holdings Inc. (HLT) will be paying out a dividend of $0.15 per share to shareholders holding their shares as of the close of the business hours on the record date of August 25. Over the past 12 months, HLT has paid out a total of $0.60 per share in dividends. Based on the total dividends paid out last year, HLT boasts an impressive trailing yield of 0.40% on the current share price of $149.74.

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Most Shorted Stocks

Canada Goose Holdings Inc. (GOOS) was one of the most shorted stocks as of latest short interest figures, with 29.52% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 17.44. This represents a change of 825,592 shares, which corresponds to a -6.04% decrease in short interest. The total value of the shares held short is estimated to be around $675.54 million. The average daily volume stands at 916.56K shares, and the market capitalization of the company is $2.16B.

The Blink Charging Co. with the symbol BLNK currently has a short interest of 26.52%, a decrease from the previous short interest level of 27.87%. The short interest has changed by 245,897 shares. The days to cover ratio stands at 8.55. The estimated value of the shares held short is approximately $246.01 million. On an average day, 2.32M shares are traded, with the company's market capitalization totaling $282.84M.

For the stock SunPower Corporation (SPWR), the current short interest is at 25.58%, compared to the previous level of 28.17%. This represents a significant short interest change of 2,180,142 shares, corresponding to a short interest percentage decrease of -8.95%. The days needed to cover the short positions amount to 2.31. The approximate worth of the shares held short is $617.28 million.

With the symbol VERV, the stock currently has a short interest of 24.80%, showing a decrease from the previous level of 27.61%. The short interest change is 1,210,690 shares, compared with a short interest percentage change of -10.18%. It would take approximately 22.5 days to cover all the short positions. The shares short value is estimated to be around $615.77 million. The company boasts an average daily volume of 626.60K shares, contributing to a market capitalization of $945.00M.

The stock DOCN has a current short interest of 21.48%, lower than the previous short interest level of 21.99%. The short interest percentage has experienced decrease of -2.31% while there was a change of 316,206 shares in short interest. The ratio indicating the time required to cover short positions is 11.38. The calculated worth of the shorted shares amounts to around $2.03 billion. Trading activity averages at 1.73M shares per day, while the company's market capitalization stands at $2.86B.

AI Stocks to Watch

According to our ST Score evaluation, NICE Ltd. (NICE) emerges as a high-quality stock in the AI industry, attaining an impressive score of 55.0. The stock's profitability, growth, and Piotroski Score are strong. However, its performance, and financial strength are weak. Additionally, it is neutral in terms of value, stock sentiment, and forecast.

Our ST Score also classifies Meta Platforms Inc. (META) as a high-quality AI stock today, presenting a Score of 54.0. The stock has strong fundamentals in terms of profitability, and performance. However, it has weak value, and financial strength. The growth, stock sentiment, Piotroski Score, and forecast are neutral.

Another stock in the category, Salesforce Inc. (CRM) has the ST Score of 54.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in value, and financial strength. Growth, stock sentiment, and forecast suggest a neutral outlook.

Adobe Inc. (ADBE) stock has the ST Score of 54.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, and Piotroski Score, but its weaknesses are in its value. However, it shows neutral outlook in performance, growth, financial strength, stock sentiment, and forecast.

Palantir Technologies Inc. (PLTR) currently has the ST Score of 55.0, which signifies a huge upward potential. The AI stock's strong points are its performance, and financial strength, while its weak points are its value. The stock's profitability, growth, stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.