🧬 Biotech is Booming: Top 5 Hidden Gems You Need to Watch NOW!

U.S. stocks were mixed Thursday as AI enthusiasm continued to drive tech gains, helping markets brush off concerns over a prolonged government shutdown.

The Nasdaq rose 0.1%, powered by chipmakers and OpenAI’s soaring $500B valuation, while the S&P 500 dipped 0.1% and the Dow fell 0.2%. Nvidia hit a new high, and AMD and SK Hynix also climbed. Alibaba shares jumped after a JPMorgan upgrade.

With the shutdown delaying key economic data like Friday’s jobs report, Wall Street is turning to private indicators, which suggest a cooling labor market and reinforce expectations for Fed rate cuts.

Top Movers: Under $10 

Aspire Biopharma Holdings Inc (ASBP) is up 84.11% today to trade at the current level of $0.4. This comes after the company announced pipeline progress and key milestones expected through the remainder of 2025 and early 2026.

Taysha Gene Therapies Inc (TSHA) zoomed 36.79% in today’s trade to $4.35 after announcing the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation to TSHA-102, an intrathecally delivered AAV9 gene therapy with disease modifying potential, for the treatment of Rett syndrome.

In current trading, Dragonfly Energy Holdings Corp (DFLI) stock is at $0.81 after announcing that it was selected for first-round funding by the Nevada Tech Hub to support Nevada’s lithium battery supply chain. The contract is being finalized.

Canaan Inc ADR (CAN) rose 20.96% in the early hours of today's trading to move at $1.26 after announcing that it has secured a purchase order from a U.S.-based bitcoin miner for more than 50,000 of its latest-generation Avalon A15 Pro mining machines.

In the current trading session, TNL Mediagene (TNMG) jumped 21.36% to $0.37 over a previous close of $0.3 after announcing that Sidoti & Company, LLC published an update note highlighting the Company's recent digital asset treasury strategy announcement.

Ex-Dividend Stocks

Micron Technology Inc (MU) 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 $0.12 per share. It has fixed October 03 as the record date for the same and will pay the actual dividend on October 21. Last year, the company distributed a total of $0.46 to its shareholders. Based on the last year's worth of payments, MU has a trailing yield of 0.25% on the current stock price of $182.23.

Another stock that is shelling out dividends tomorrow is NorthEast Community Bancorp Inc (NECB), having a market capitalization of $284.03M. It will pay a dividend of $0.2 per share, the payment date of which is November 07. Currently, the stock is trading at a trailing dividend yield of 3.43%.

Shares of Netapp Inc (NTAP) 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 $0.52 per share, and in the last 12 months, it paid a total of $2.08 per share. Last year's total dividend payments show that NTAP has a trailing yield of 1.76% on the current share price of $118.25.

Royal Gold, Inc (RGLD) is also set to go ex-dividend tomorrow. The next dividend payment from RGLD will amount to $0.45 per share. October 03 has been designated as the record date for this dividend, with the actual payout scheduled for October 17. In the previous year, RGLD distributed a total of $1.75 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for RGLD stands at 0.89% based on the current stock price of $196.51.

Roper Technologies Inc (ROP) will be paying out a dividend of $0.82 per share to shareholders holding their shares as of the close of the business hours on the record date of October 03. Over the past 12 months, ROP has paid out a total of $3.22 per share in dividends. Based on the total dividends paid out last year, ROP boasts an impressive trailing yield of 0.65% on the current share price of $497.05.

Crypto Market Highlights

• Melania Trump has resumed promoting her Solana-based memecoin MelaniaMeme (MELANIA) after months of silence, despite concerns over millions in unexplained token sales.

• UK officials are considering keeping billions in profits from seized Bitcoin linked to a major fraud case, rather than returning the full value to victims, reports Financial Times.

• Tokenized equities will soon be available on Telegram through a partnership between Wallet in Telegram, xStocks operator Backed, and US crypto exchange Kraken.

• Two Swedish MPs have proposed that Sweden explore creating a strategic Bitcoin reserve to combat inflation and diversify national assets.

• US broker-dealer Alpaca has launched the Instant Tokenization Network (ITN), enabling institutions to mint and redeem tokenized US stocks directly, aiming to boost onchain liquidity.

Most Shorted Stocks

Intellia Therapeutics Inc (NTLA) was one of the most shorted stocks as of the latest short interest figures, with 31.80% 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 6.7. This represents a change of 6400000 shares, which corresponds to a +23.07% increase in short interest. The total value of the shares held short is estimated to be around $658.22 million. The average daily volume stands at 5.24M shares, and the market capitalization of the company is $2.07B.

The Safe & Green Holdings Corp with the symbol SGBX currently has a short interest of 33.83%. The short interest has changed by 7100 shares. The days to cover ratio stands at 0.3. The estimated value of the shares held short is approximately $0.52 million. On an average day, 505.59K shares are traded, with the company's market capitalization totaling $1.65M.

For the stock Plug Power Inc (PLUG), the current short interest is at 31.07%. This represents a significant short interest change of 9790000 shares, corresponding to a short interest percentage increase of +2.80%. The days needed to cover the short positions amount to 4.7. The approximate worth of the shares held short is $1.02 billion.

With the symbol EOSE, the stock currently has a short interest of 31.64%. The short interest change is 760000 shares, compared with a short interest percentage change of +0.93%. It would take approximately 5.5 days to cover all the short positions. The shares' short value is estimated to be around $4.53 billion. The company boasts an average daily volume of 15.17M shares, contributing to a market capitalization of $3.53B.

The stock HIMS has a current short interest of 29.44%. The short interest percentage has experienced decrease of -10.87% while there was a change of -8110000 shares in short interest. The ratio indicating the time required to cover short positions is 2.0. The calculated worth of the shorted shares amounts to around $4.72 billion. Trading activity averages at 29.80M shares per day, while the company's market capitalization stands at $12.97B.

Biotech Stocks to Watch

According to our ST Score evaluation, Fennec Pharmaceuticals Inc (FENC) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 64. The stock's profitability, performance, growth, and financial strength are strong. However, its Piotroski Score is weak. Additionally, it is neutral in terms of stock sentiment and forecast.

Our ST Score also classifies Sol-Gel Technologies Ltd (SLGL) as a high-quality Biotech stock today, presenting a Score of 63. The stock has strong fundamentals in terms of profitability, performance, and financial strength. The growth, stock sentiment, Piotroski Score, and forecast are neutral.

Another stock in the category, Atara Biotherapeutics Inc (ATRA) has the ST Score of 62, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score. Growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Monopar Therapeutics Inc (MNPR) stock has the ST Score of 60, which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and financial strength, but its weaknesses are in its growth, and Piotroski Score. However, it shows neutral outlook in stock sentiment and forecast.

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

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

Best Regards,

Stocks Telegraph Team

P.S. Want my daily watchlists sent to your cell phone too? Join our WhatsApp Exclusive Community for real-time alerts on hot stocks. Stay ahead with instant updates and exclusive insights!