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Good day, 360!
Here are some of our top movers today.
And TOMORROW at 1pm ET, Jeff Bishop will be hosting one of the most widely followed technical analysts in the world in Market Masters – so mark your calendars✅.
FOCUS LIST🔎
OCTO – Up over 70% in the pre-market after announcing $100 million revenue forecast and releases 2025 strategic plan
SLND – Up over 13% in pre after announcing it has been awarded a $132 million water treatment plant project for the Bureau of Reclamation
MSGM – Up over 34% in pre after announcing Le Mans Ultimate releases innovative co-op game mode, save & load system and 2024 Pack 2 DLC
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HOTLIST🔥
OCTO – Uo over 70% in the pre-market after announcing $100 million revenue forecast and releases 2025 strategic plan
Eightco Holdings Inc. (OCTO) provides inventory management and corrugated custom packaging solutions in North America and Europe.
In the pre-market this morning, the company provided an update to its shareholders regarding its achievements year to date and 2025 initiatives.
Highlights Include:
Operationally, during the 6 months ended June 30, 2024:
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Gross profit margin was increased to 22%, versus 12% in the prior year period; and
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SG&A was reduced to $6.9 million, down 23% from $9.0 million in the prior year period
These improvements helped the Company regain compliance with two NASDAQ requirements, as was announced yesterday.
In the short term, the Company intends to seek additional non-dilutive senior debt financing to replace the capital used to repay its dilutive convertible notes in the first quarter of 2024. The Company currently has approximately 1.8 million shares outstanding. By deploying this capital, the Company aims to deliver 2025 revenues of $100 million, with the Company achieving positive EBITDA at the public company level. Such funding would also support further growth in 2025.
The stock traded up over 70% in the pre-market in reaction to the news.
The $4.04 area acted as resistance in the pre-market and will be an important level to watch.
Above it, targets to the upside are $4.33 and then the pre-market high at $4.58. Beyond that, $4.75, $5.50 and $6 come into play.
Below $4.04, targets to the downside are $3.60, $2.80 and then a gap fill at $2.49
SLND – Up over 13% in pre after announcing it has been awarded a $132 million water treatment plant project for the Bureau of Reclamation
Southland Holdings Inc. (SLND) engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation.
In the pre-market this morning, the company announced that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $132 million contract to construct a new water treatment plant for the Bureau of Reclamation.
The stock traded up over 13% in the pre-market in reaction to the news.
The first target for bulls is the pre-market high at $4.50. Beyond that, $4.80 and $5 come into play.
Below $4.50, targets to the downside are $4 and then a gap fill at $3.72.
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And before you start guessing – this has nothing to do with A.I. or ChatGPT.
This technology is going to be far more disruptive.
We’ve put together this brand-new presentation to explain the entire situation.
MSGM – Up over 34% in pre after announcing Le Mans Ultimate releases innovative co-op game mode, save & load system and 2024 Pack 2 DLC
Motorsport Games Inc. (MSGM) develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game among others.
In the after-hours yesterday, the company announced that it has released the September Update for “Le Mans Ultimate”, the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update, available now, includes a new co-op game mode, a completed Hypercar grid, and the release of iconic new content for fans of sportscar and sim racing.
New game features in this update include a newly released co-op mode that allows players to race with friends, taking turns completing stints and handing over control to a team mate at a time that is convenient to you, working together across several days or weeks to complete a longer endurance race. The game mode is aimed at promoting flexible play and offers the chance to climb the virtual leaderboard together.
The stock traded up over 34% in the pre-market in reaction to the news.
The $1.39 area acted as support in the pre-market and will be an important level to watch.
Above it, targets to the upside are $1.50, $1.64, and then the pre-market high at $1.95. Beyond that, $2.30, $2.50 and $2.90 come into play.
Below $1.39, targets to the downside are $1.30, $1.20 and then a gap fill at $1.10.
MARKET NEWS 📰
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