Upcoming IPOs: Fast-Rising Stocks & $10 Investment Opportunities

Good Evening Traders!

Stocks surged on Monday after reports suggested that President Donald Trump might delay some of his broad tariff plans, raising optimism that the U.S. could avoid triggering an all-out trade war.

Despite this, investors remain cautious, particularly with the April 2 deadline for reciprocal tariffs fast approaching. There are still concerns about a potential slowdown in U.S. economic growth.

On Friday, Trump provided some reassurance, indicating that there might be "flexibility" in his tariff approach. This helped ease market tensions and pushed major averages into positive territory for the session.

As of 11:55 AM ET, the Dow was up 566.83 points, or 1.35007%, at $42552.18. The Nasdaq Composite added 392.543 points, or 1.98716%, at $20146.508. The S&P 500 rose 93.52 points, or 1.65009%, at $5761.08. Among the 11 major S&P 500 sectors, 11 showed positive movement, with Consumer Cyclical leading the way with a 1.45% increase.

Top Movers: Under $10

MicroAlgo Inc (MLGO) is up 155.56% today to trade at the current level of $6.44. This comes after the company announced the plan to issue more new shares.

TEN Holdings Inc (XHLD) zoomed 52.89% in today’s trade to $2.14 after announcing the Company's ability to add conversational artificial intelligence solutions to its service offering through a new partnership announced by V-Cube Inc., its controlling shareholder.

In current trading, Intuitive Machines Inc (LUNR) stock is at $8.79 after reporting fourth quarter and full-year 2024 financial results.

Lexeo Therapeutics Inc (LXEO) rose 24.31% in the early hours of today's trading to move at $3.37. The company reported fourth quarter and full year 2024 financial results.

In the current trading session, Codexis Inc (CDXS) jumped 24.12% to $3.16 over a previous close of $2.55 after announcing its first revenue-generating contract to manufacture siRNA material in its ECO Synthesis Innovation Lab.

Ex-Dividends Stocks

Best Buy Co. Inc (BBY) 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 $0.95 per share. It has fixed March 25 as the record date for the same and will pay the actual dividend on April 15. Last year, the company distributed a total of $3.76 to its shareholders. Based on the last year's worth of payments, BBY has a trailing yield of 5.01% on the current stock price of $75.11.

Shares of Altria Group Inc (MO) will be the talk of the stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $1.02 per share, and in the last 12 months, it paid a total of $4.00 per share. Last year's total dividend payments show that MO has a trailing yield of 6.93% on the current share price of $57.72.

Tomorrow, ST Microelectronics (STM) is also set to go ex-dividend tomorrow. The next dividend payment from STM will amount to $0.08 per share. March 25 has been designated as the record date for this dividend, with the actual payout scheduled for April 01. In the previous year, STM distributed a total of $0.33 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for STM stands at 1.35% based on the current stock price of $24.41.

Eni Spa ADR (E) will be paying out a dividend of $0.36 per share to shareholders holding their shares as of the close of the business hours on the record date of March 25. Over the past 12 months, E has paid out a total of $1.58 per share in dividends. Based on the total dividends paid out last year, E boasts an impressive trailing yield of 5.10% on the current share price of $30.94.

Crypto Market Highlights

• The acting chair of the US Securities and Exchange Commission voted against suing Elon Musk over alleged securities violations related to Twitter stock disclosure.

• XRP and Solana led altcoin-based exchange-traded product (ETP) inflows for the week ending March 21, with $6.71 million and $6.44 million, respectively, according to CoinShares.

• Ocree Capital launched a regulated real estate platform in Canada, offering tokenized shares of commercial property via the Polymesh blockchain.

• Michael Saylor’s strategy acquired over $500 million worth of Bitcoin as institutional interest and ETF inflows rebound.

• DeFi trading platform dYdX announced its first-ever token buyback program on March 24 to enhance ecosystem security and governance.

 Most Shorted Stocks

Nauticus Robotics Inc (KITT) was one of the most shorted stocks as of latest short interest figures, with 10.30% 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 1311700 shares, which corresponds to a +152.83% increase in short interest. The total value of the shares held short is estimated to be around $2.56 million. The average daily volume stands at 10.00M shares, and the market capitalization of the company is $35.62M.

The Microvision Inc with the symbol MVIS currently has a short interest of 28.27%. The short interest has changed by 3670000 shares. The days to cover ratio stands at 7.8. The estimated value of the shares held short is approximately $98.5 million. On an average day, 7.69M shares are traded, with the company's market capitalization totaling $362.22M.

For the stock Indie Semiconductor Inc (INDI), the current short interest is at 26.74%. This represents a significant short interest change of -110000 shares, corresponding to a short interest percentage decrease of -0.22%. The days needed to cover the short positions amount to 10.4. The approximate worth of the shares held short is $117.88 million.

With the symbol EVGO, the stock currently has a short interest of 27.42%. The short interest change is -140000 shares, compared with a short interest percentage change of -0.40%. It would take approximately 6.2 days to cover all the short positions. The shares short value is estimated to be around $150.21 million. The company boasts an average daily volume of 4.55M shares, contributing to a market capitalization of $923.56M.

The stock NTLA has a current short interest of 26.41%. The short interest percentage has experienced increase of +6.63% while there was a change of 1620000 shares in short interest. The ratio indicating the time required to cover short positions is 8.5. The calculated worth of the shorted shares amounts to around $320.77 million. Trading activity averages at 3.15M shares per day, while the company's market capitalization stands at $958.57M.

Upcoming IPO’s

LogProstyle Inc. (LGPS) is all set for its debut on the NYSEAMERICAN exchange on March 25. They are offering shares in the price range of $4.00 to $6.00. With a total of 2,500,000 shares available, the company aims to raise approximately $12.50M through this IPO.

Epsium Enterprise Limited (EPSM) will be entering the market with its IPO on March 26, on the NASDAQ exchange. They are offering shares in the price range of $4.00 to $5.00. They plan to offer 1,250,000 shares, targeting a deal size of $5.63M.

WF International Limited (WXM) is also scheduled to make its debut on the NASDAQ exchange on March 27. They are offering shares in the price range of $4.00 to $4.75. The IPO includes 1,400,000 shares, aiming for a deal size of $6.13M.

CoreWeave, Inc. (CRWV) is set to join the NASDAQ on March 28. They are offering shares in the price range of $47.00 to $55.00. They are offering 49,000,000 shares, with an estimated deal size of $2.50B.

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

Best Regards,

Stocks Telegraph Team

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