Upcoming IPOs: Explosive $10 Stocks & Market Movers

Stocks tumbled Monday, fueled by fears of an artificial intelligence stock bubble bursting after Chinese startup DeepSeek reportedly developed a competitive AI model at a fraction of the cost. The emergence of this potential rival has cast doubt over the lofty valuations of U.S. tech leaders.

As of 11:46 AM ET, the Dow was down -40.85 points, or -0.09195428%, at $44383.4. The Nasdaq Composite lost -677.132 points, or -3.10982%, at $21096.88. The S&P 500 declined -113.04 points, or -1.85274%, at $5988.2. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Communication Services leading the way with a 3.05% increase. 

This week promises to be pivotal, with “Magnificent Seven” heavyweights Meta, Microsoft, Tesla, and Apple all set to report their latest quarterly earnings. Investors will closely analyze these results to gauge whether the AI-driven market rally can sustain its momentum.

Adding to the week’s significance, the Federal Reserve will hold its first policy meeting of the year on Wednesday. According to CMEGroup’s FedWatch Tool, there is a 99% likelihood that the central bank will keep interest rates unchanged, though traders will be watching closely for any hints about future policy shifts.

Top Movers: Under $10

Icad Inc (ICAD) is up 22.52% today to trade at the current level of $2.96. The company’s fourth-quarter 2024 revenue is projected to range from $5.1 million to $5.3 million, based on preliminary, unaudited results.

MicroCloud Hologram Inc (HOLO) zoomed 20.97% in today’s trade to $1.88 after announcing plans to adopt DeepSeek's newly released R1 model as the basis for its holographic AI application.

In current trading, Tevogen Bio Holdings Inc (TVGN) stock is at $1.46 after announcing that it has broadened its relationship with Microsoft (MSFT) to broaden its AI-focused collaboration and build its PredicTcell technology. P

Stereotaxis Inc (STXS) rose 8.90% in the early hours of today's trading to move at $2.38 after announcing that it received European CE Mark approval for the MAGiC ablation catheter.

In the current trading session, Dada Nexus Ltd ADR (DADA) jumped 29.43% to $1.83 over a previous close of $1.41 after its majority shareholder, JD (NASDAQ:JD).com, submitted a non-binding proposal to take the delivery company private.

Ex-Dividends Stocks

Apogee Enterprises Inc (APOG) 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 $0.26 per share. It has fixed January 28 as the record date for the same and will pay the actual dividend on February 12. Last year, the company distributed a total of $1.00 to its shareholders. Based on the last year's worth of payments, APOG has a trailing yield of 1.85% on the current stock price of $53.95.

Shares of Antero Midstream Corp (AM) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.23 per share, and in the last 12 months, the company paid a total of $0.90 per share. Last year's total dividend payments show that AM has a trailing yield of 5.73% on the current share price of $15.72.

Cal-Maine Foods, Inc (CALM) is also set to go ex-dividend Wednesday. The next dividend payment from CALM will amount to $1.49 per share. January 29 has been designated as the record date for this dividend, with the actual payout scheduled for February 13. In the previous year, CALM distributed a total of $2.90 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CALM stands at 2.66% based on the current stock price of $109.19.

Clorox Co (CLX) will be paying out a dividend of $1.22 per share to shareholders holding their shares as of the close of the business hours on the record date of January 29. Over the past 12 months, CLX has paid out a total of $3.64 per share in dividends. Based on the total dividends paid out last year, CLX boasts an impressive trailing yield of 2.23% on the current share price of $163.05.

Crypto Market Highlights

•  MicroStrategy proposes a stock offering to raise funds for "general corporate purposes," including further Bitcoin acquisitions.

• OKX and Crypto.com have both received full licenses under the European Union's Markets in Crypto-Assets Regulation (MiCA).

• Spanish law enforcement, in partnership with Tron, Tether, and TRM Labs, has frozen $26.4 million in crypto linked to a pan-European money laundering operation. 

• Poland adds 10 new Bitcoin ATMs, bringing its total to 219, making it the fifth-largest crypto ATM network globally.

• Austrian fintech Bitpanda secures a license under the EU's Markets in Crypto-Assets (MiCA) regulatory framework.

Most Shorted Stocks

Expion360 Inc (XPON) was one of the most shorted stocks as of latest short interest figures, with 21.23% 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 0.2. This represents a change of 128200 shares, which corresponds to a +42.35% increase in short interest. The total value of the shares held short is estimated to be around $0.71 million. The average daily volume stands at 1.35M shares, and the market capitalization of the company is $5.17M.

The Fiverr International Ltd with the symbol FVRR currently has a short interest of 24.30%. The short interest has changed by 120000 shares. The days to cover ratio stands at 9.5. The estimated value of the shares held short is approximately $227.65 million. On an average day, 800.05K shares are traded, with the company's market capitalization totaling $1.11B.

For the stock Cinemark Holdings Inc (CNK), the current short interest is at 22.89%. This represents a significant short interest change of 410000 shares, corresponding to a short interest percentage increase of +1.66%. The days needed to cover the short positions amount to 10.4. The approximate worth of the shares held short is $725.31 million.

With the symbol IOVA, the stock currently has a short interest of 24.82%. The short interest change is 1980000 shares, compared with a short interest percentage change of +3.34%. It would take approximately 8.9 days to cover all the short positions. The shares short value is estimated to be around $160.76 million. The company boasts an average daily volume of 7.88M shares, contributing to a market capitalization of $1.95B.

Energy Stocks to Watch

FBS Global Limited (FBGL) is all set for its debut on the NASDAQ exchange on January 28. They are offering shares in the price range of $4.50 to $5.00. With a total of 2,250,000 shares available, the company aims to raise approximately $10.69M through this IPO.

FG Merger II Corp. (FGMC) will be entering the market with its IPO on January 28, on the NASDAQ exchange. The shares will be offered at a fixed price of $10.00 per share. They plan to offer 8,000,000 shares, targeting a deal size of $80.00M.

Smithfield Foods, Inc. (SFD) is also scheduled to make its debut on the NASDAQ exchange on January 28. They are offering shares in the price range of $23.00 to $27.00. The IPO includes 34,800,000 shares, aiming for a deal size of $870.00M.

Beta Bionic, Inc. (BBNX) is set to join the NASDAQ on January 30. They are offering shares in the price range of $14.00 to $16.00. They are offering 7,500,000 shares, with an estimated deal size of $112.50M.

HW Electro Co., Ltd. (HWEP) will be launching its IPO on the NASDAQ exchange on January 30. The company is offering shares at the fixed price of $4.00. With 4,000,000 shares available, HWEP aims to raise approximately $16.00M through this offering.

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

Best Regards,

Stocks Telegraph Team

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