Biotech Breakouts: Rapid Risers & Under-the-Radar $10 Gems

Good Evening Traders!

Stocks dropped sharply on Thursday, sending the S&P 500 back into correction territory after President Donald Trump announced sweeping tariffs of at least 10%, with even higher rates for some countries. This raised concerns about a global trade war that could harm the already struggling U.S. economy.

As of 11:45 AM ET, the Dow was down -1330.28 points, or -3.15043%, at $40895.04. The Nasdaq Composite lost -842.307 points, or -4.30148%, at $18739.47. The S&P 500 declined -214.03 points, or -3.77413%, at $5456.94. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Energy leading the way with a 2.11% decrease.

Trump unveiled these tariffs on Wednesday, which will apply to all countries starting April 5, with additional duties planned for nations that impose higher tariffs on U.S. goods. Investors responded by turning to Treasury yields for safety, as the benchmark 10-year Treasury yield fell 17 basis points to 4.021%. Meanwhile, global currencies, including the yen and euro, gained sharply against the U.S. dollar.

Top Movers: Under $10

OSR Holdings Inc (OSRH) is up 74.83% today to trade at the current level of $2.57. This comes after the company announced that it has entered into a Common Stock Purchase Agreement with White Lion GBM Innovation Fund.

Aptevo Therapeutics Inc (APVO) zoomed 47.83% in today’s trade to $2.04 after announcing that it has agreed to sell 1,764,710 shares of common stock and warrants for up to 3,529,420 shares in a registered direct offering and private placement, priced at $1.19 per share and warrant.

In current trading, Jayud Global Logistics Ltd (JYD) stock is at $0.44. The company issued a statement regarding the market activity.

Damon Inc (DMN) rose 10.87% in the early hours of today's trading to move at $0.02 after announcing a strategic collaboration with renowned Italian engineering firm Engines Engineering, enabling the acceleration to market of the Damon HyperSport Race electric motorcycle.

In the current trading session, NewGenIvf Group Ltd (NIVF) jumped 27.72% to $0.75 over a previous close of $0.59 after announcing that it has secured $5.2 million in strategic funding through two separate arrangements with an investor, with the potential to raise a total of up to $30.8 million through the arrangements.

Ex-Dividends Stocks

Farmers & Merchants Bancorp Inc (FMAO) 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 $0.22 per share. The company has fixed April 04 as the record date for the same and will pay the actual dividend on April 20. Last year, the company distributed a total of $0.88 to its shareholders. Based on the last year's worth of payments, FMAO has a trailing yield of 4.01% on the current stock price of $22.03.

Shares of Royal Gold, Inc (RGLD) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.45 per share, and in the last 12 months, the company paid a total of $1.65 per share. Last year's total dividend payments show that RGLD has a trailing yield of 0.99% on the current share price of $166.75.

Roper Technologies Inc (ROP) is also set to go ex-dividend tomorrow. The next dividend payment from ROP will amount to $0.82 per share. April 04 has been designated as the record date for this dividend, with the actual payout scheduled for April 22. In the previous year, ROP distributed a total of $3.08 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ROP stands at 0.53% based on the current stock price of $579.91.

Netapp Inc (NTAP) will be paying out a dividend of $0.52 per share to shareholders holding their shares as of the close of the business hours on the record date of April 04. Over the past 12 months, NTAP has paid out a total of $2.06 per share in dividends. Based on the total dividends paid out last year, NTAP boasts an impressive trailing yield of 2.51% on the current share price of $81.92.

Crypto Market Highlights

• Decentralized exchange (DEX) aggregator ParaSwap rebrands to Velora and introduces a new intent-based trading feature.

• The US Treasury Department sanctions eight cryptocurrency wallet addresses linked to Russian crypto exchange Garantex and Yemeni organization Houthis.

• Lawmakers in Minnesota and Alabama introduced companion bills to allow each state to purchase Bitcoin, mirroring existing bills.

• Cybersecurity firm Kaspersky uncovers thousands of counterfeit Android smartphones sold online, preloaded with malware designed to steal crypto and sensitive data. 

• The US House Financial Services Committee passed a Republican-backed stablecoin framework bill, which now moves to the House floor for a full vote.

 Most Shorted Stocks

1-800 Flowers.com Inc (FLWS) was one of the most shorted stocks as of latest short interest figures, with 29.38% 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 11.3. This represents a change of 560000 shares, which corresponds to a +7.63% increase in short interest. The total value of the shares held short is estimated to be around $41.55 million. The average daily volume stands at 720.64K shares, and the market capitalization of the company is $334.54M.

The EVgo Inc with the symbol EVGO currently has a short interest of 29.43%. The short interest has changed by 2430000 shares. The days to cover ratio stands at 7.8. The estimated value of the shares held short is approximately $94.53 million. On an average day, 4.38M shares are traded, with the company's market capitalization totaling $780.64M.

For the stock Interactive Strength Inc (TRNR), the current short interest is at 30.16%. This represents a significant short interest change of -677600 shares, corresponding to a short interest percentage decrease of -59.96%. The days needed to cover the short positions amount to 0.0. The approximate worth of the shares held short is $0.39 million.

With the symbol LMND, the stock currently has a short interest of 29.75%. The short interest change is -70000 shares, compared with a short interest percentage change of -0.43%. It would take approximately 7.2 days to cover all the short positions. The shares short value is estimated to be around $13.39 million. The company boasts an average daily volume of 2.18M shares, contributing to a market capitalization of $2.15B.

The stock AIRS has a current short interest of 30.53%. The short interest percentage has experienced an increase of +21.43% while there was a change of 660000 shares in short interest. The ratio indicating the time required to cover short positions is 15.1. The calculated worth of the shorted shares amounts to around $32.18 million. Trading activity averages at 250.70K shares per day, while the company's market capitalization stands at $116.28M.

Biotech Stocks to Watch

According to our ST Score evaluation, Krystal Biotech Inc (KRYS) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 67. The stock's profitability, performance, growth, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Xeris Biopharma Holdings Inc (XERS) as a high-quality Biotech stock today, presenting a Score of 67. The stock has strong fundamentals in terms of profitability, performance, growth, and Piotroski Score. The financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Coya Therapeutics Inc (COYA) has the ST Score of 58, which means that the stock carries the potential for higher returns. The stock is strong in performance, and financial strength but weak in growth. Profitability, stock sentiment, piotroski score, and forecast suggest a neutral outlook.

CureVac N.V (CVAC) stock has the ST Score of 58 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score. However, it shows a neutral outlook in growth, financial strength, stock sentiment, and forecast.

Genfit ADR (GNFT) currently has the ST Score of 58, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, performance, growth, and Piotroski Score, while its weak points are its financial strength. The stock's stock sentiment, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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