5 Hot Stocks to Consider Trading Today- NRXS, SYTA, QBTS, EDBL, and EYEN

May 20, 2025

DENVER, Colo., May 20, 2025 (247marketnews.com)- These are five of the hottest stocks to follow today.

NeurAxis (NYSE:NRXS) received FDA 510(k) clearance for its IB-Stim device to treat pediatric Functional Abdominal Pain (FAP) and Functional Dyspepsia (FD) with associated nausea in patients aged 8–21. This marks the first FDA-approved treatment for pediatric FD, significantly expanding IB-Stim’s addressable market and positioning NeurAxis as a leader in non-invasive pediatric neuromodulation.

Siyata Mobile (NASDAQ:SYTA) is advancing its $160M merger with Core Gaming, aiming to enhance its position in the gaming industry. The merger is expected to leverage Core Gaming’s assets and expertise to accelerate growth and innovation in Siyata’s gaming division.

D-Wave Quantum (NYSE:QBTS) announced the general availability of its Advantage2 quantum computer, featuring over 4,400 qubits and significant performance improvements. The system is now accessible via D-Wave’s Leap quantum cloud service and is also available for on-premises deployment, enabling customers to tackle complex computational problems in areas such as optimization, AI, and materials science.

Edible Garden (NASDAQ:EDBL) launched its Kick. Sports Nutrition product line on Amazon, partnering with Pirawna to accelerate brand growth. The launch aligns with the rapid expansion in the global sports nutrition market, projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032.

Eyenovia (NASDAQ:EYEN) provided updates on its potential merger with Betaliq and the development of its Optejet User-Filled Device (UFD). The company remains on track to file for U.S. device regulatory approval in September 2025 and has reduced its cash burn by approximately 70% compared to the prior year.

Three Price Scenarios: The Math of Big Wins

Assuming Siyata’s ~5 million fully diluted shares and Core Gaming’s $160 million valuation, the merger’s stock dividend mechanism favors legacy shareholders, across all three 10-day VWAP scenarios at the record date, as it guarantees at least 10% ownership stake in the combined companies:

A price increase to a 10-day VWAP of about $8, on the record date, seems to be the most likely scenario and is supported by Siyata’s $7-$9 February merger announcement price spike, but there’s more.

Calculation: $160M ÷ $8 VWAP = 20M shares to Core Gaming and SYTA’s ~5M shares would mean that legacy SYTA shareholders own a larger chunk (~20%) of the ~25M combined shares.

Impact: $850M ÷ 30M shares (assuming 5M shares issued for future funding or acquisitions), could grow to ~$28 to be in line with ValueScope’s projections.

The next most likely scenario is trading flat or choppy to a 10-day VWAP of about $4.

Calculation: $160M ÷ $4 VWAP = 40M shares to Core Gaming and SYTA’s ~5M shares would mean that legacy SYTA shareholders already own over 10% of the ~45M combined shares.

Impact: $850M valuation (between ValueScope’s $722.4M-$963.2M projections for 2026 performance) ÷ 50M shares (assuming 5M shares issued for future funding or acquisitions), the stock should trade at ~$17 to be in line with ValueScope’s projections.

Trading lower to a 10-day VWAP of about $2 seems to be even less likely.

Calculation: $160M ÷ $2 VWAP = ~80M shares to Core Gaming and SYTA’s ~5M shares grow to ~8M (80M ÷ 10), yielding a ~0.6 share special dividend per record day share and the combined company’s share count would hit ~93M shares.

Impact: $850M ÷ 100M shares (assuming 7M shares issued for future funding or acquisitions), the stock could be at ~$8.50 to be in line with ValueScope’s projections. Each SYTA record date share becomes ~1.6 shares at a combined value of ~$13.60.

The valuation assumptions are based on the report that ValueScope, one of the industry’s best, which believes Core Gaming will command a 3x-4x EV/Sales range for the projected 2026 revenue of $240.8 million, implying a combined company valuation of $722.4 million (3x) to $963.2 million (4x). Peers like AppLovin (3x-5x sales) and Electronic Arts (~4x) justify this range, while Core Gaming’s consistent 50%+ year-over-year growth rates warrants a premium.

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