24/7 Market News Daily Wrap 29 Feb 2024

DENVER, Colo., Feb 29, 2024 (247marketnews.com)- C3.ai, Inc. (NYSE:AI), Enveric Biosciences (NASDAQ:ENVB), Sidus Space (NASDAQ:SIDU), Envoy Medical (NASDAQ:COCH), and Lava Therapeutics N.V. (NASDAQ:LVTX)

C3.ai, Inc. (NYSE:AI) reported, after yesterday’s market close, that its fiscal third quarter revenue topped guidance and grew 18% to $78.4 million, compared to $66.7 million one year ago, with subscription accounting for 90% of the revenue. C3 also raised its fiscal fourth quarter guidance to $82-$86 million and full year guidance to $306-$310 million.

C3 was trading at $34.19, up $4.50 (+15.16%), on 175,861 shares, when we covered the news and it hit a $38.30 high, then closed at 36.97, up $7.28 (+24.52%), on 55,889,153 shares. It last traded at these levels last summer and may continue this uptrend move.

Enveric Biosciences (NASDAQ:ENVB) stated that it signed three non-binding term sheets to pursue the out-licensing of three classes of compounds, with an undisclosed company, that were created using Enveric’s library of over 1,000 novel molecules.

Enveric was trading at $1.39, up $0.56 (+67.47%), on 9.32M shares, when we covered the news and it topped out at $2.92, but gave a lot of it back to close at $1.45 (+74.49%), on 176,341,031 shares. It was acle to hold the $1.27 key inflection point.

Sidus Space (NASDAQ:SIDU) traded better today than yesterday, when it announced that its LizzieSat satellite is securely encapsulated within SpaceX’s payload fairing in preparation for launch, as part of SpaceX’s Transporter-10 Rideshare mission, no earlier than March 2024.

SIDU was trading at $6.19, up $0.62 (+11.13%), on 2.1M shares, adding to yesterday’s 84-cent (+17.76%) gain, on 694,847 shares, when we covered it and mentioned that it had a gap to around the $8.50 level. SIDU’s high of the day was $10.1485 and closed at $8.98, up $3.41 (+61.22%), on 35,557,914 shares. It’s trading lower in afterhours trading on funding news.

We stated that even though Envoy Medical’s (NASDAQ:COCH) trading today was not for the faint of heart, it a scalp trader’s dream and it didn’t disappoint.

The White Bear Lake, Minnesota hearing health company opened today’s trading at $4.13 and was trading at $3.95, up $0.44 (+12.54%), on 2.2M shares when we covered it. COCH hit a high of $5.91 and closed at $4.71, up $1.20 (+34.19%), on 8,005,448 shares.

After quietly trading sideways, Lava Therapeutics N.V. (NASDAQ:LVTX) shot straight up from below $2.25 to $3.41 and we covered it when it pulled back to $3.12, up $0.96 (+44.44%), 3.4M shares.

The clinical-stage immuno-oncology company focused on advancing its proprietary Gammabody platform then hit beast mode and reached $6.47, before closing at $3.33, up $1.17 (+54.17%), on 36,764,370 shares.

Even though it’s trading lower in the afterhours session, it more than triple its reported 10.22M float, so it may perk up again in the next few days.

ACM Research (NASDAQ:AMCR), Bit Brother Limited (NASDQ:BETS), Bandwidth (NASDAQ:BAND), Adial Pharmaceuticals (NASDAQ:ADIL), and vTv Therapeutics Inc. (NASDAQ:VTVT) were some of yesterday’s Wrap stars and they’re looking strong.

For example, ACM Research (NASDAQ:AMCR), which reported its fourth quarter and fiscal year 2023 financial results was trading at $25.40, up $3.61 (+16.57%), on 108.4K shares, when we covered and it set a new 52-week high of $31.005, its highest level since early 2022.

As they say, records are made to be broken and AMCR hit $32.98, then closed at $30.92, up $0.24 (+0.78%), on 3,507,628 shares.

Bandwidth (NASDAQ:BAND) is still playing a sweet tune, following its fourth quarter and full year 2023 financial results, and was trading at $14.00, up $1.85 (+15.23%), on 40K shares, when we covered it. It, too, went on to set a new 52-week high, of $18.89, before closing at $18.44, up $6.29 (+51.77%), on trading volume of 2,987,794 shares. Today, BAND topped out at $20.85 and closed at $20.54, up $2.10 (+11.39%), on 1,513,558 shares.

Adial Pharmaceuticals (NASDAQ:ADIL) announced its new US patent, number 11,905,562, and, although we were late and missed the first run, it was trading at $1.98, up $1.1067 (+126.73%), on trading volume of 35,071,381 shares, and it ran to a high of $2.87, but dropped to close at $1.62, up $0.7467 (+85.50%), on trading volume of 111,321,434 shares. Today it reached $2.50 and the formed a platform at $2, as it closed at $2.04, up $0.42 (+25.93%), on 28,750,956 shares.

Connect with 24/7 Market News @
X (formerly twitter)

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community.

24/7 MARKET NEWS, INC Disclaimer
24/7 Market News (24/7MN) is a third-party publisher and online news dissemination service provider that produces regular sponsored and non-sponsored reports, articles, stock market blogs, and newsletters covering equities listed on the NYSE, NASDAQ, and micro-cap exchanges. 24/7MN holds no investment licenses and is NOT a financial advisory firm, investment adviser, analyst, or broker-dealer and does not undertake any activities that would require such registration. 24/7 MN is not affiliated with any company written about in this release and owns no shares of stock. 24/7MN’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and based on publicly available information which is believed to be reliable. Few succeed in the stock market. Don’t trade if you’re not able to devote the necessary time. Earmark your surplus funds that you’re prepared to lose. Assess your risk appetite and set your stops accordingly, and honor your stop losses. Always employ loss limiting strategies. Be prepared to be blindsided by hidden risks, a bad company financing or other move can turn gains into losses. Learn technical analysis, charting, patterns, and setups. Buying at the bottom and selling at the top is a myth. The middle half of a move is the sweet spot and learn how to exit a winning position, because trying to time the exact top can turn into big losses. Trade small and take advantage of small price move strategies, like scalping. Remove emotional and psychological biases, and consider that you’re competing against professionals who’re deploying a number of powerful stock market tools. Successful traders make more on their winners than they lose on their losers. Learn how to interpret the ECN/Level 2 data. The stocks and strategies discussed are simply ideas only and are in no way financial advice or recommendations. The author may or may not at any time be holding securities discussed. The author may or may not enter trades in the stocks mentioned. Some positions in mentioned stocks may already be held or are being adjusted or are simply examples, ideas or discussion topics. You are always trading at your own risk.
Please go to www.247marketnews.com or https://www.247marketnews.com/disclaimer/ for further information.

Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

24/7 Market News
[email protected]


NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.