Thai Airways International (TAWNF) Stock Makes An Interesting Move: What Next?
As another trading week begins, investors are almost certainly going to take a look at stock that might have recorded significant gains last week and by that logic, the Thai Airways International Plc (OTCMKTS:TAWNF) stock might be one of the stocks to follow.
Over the course of the past week, the Thai Airways stock went on a highly impressive rally and managed to clock gains of as much as 170%. In this regard, it might be worthwhile to take a look at a key development from last week. Thai Airways is currently exploring options to improve its financial situation.
This past Friday, the Thai Prime Minister dismissed reports that the country’s government is going to allocate 50 billion baht towards recapitalisation of the company. Earlier on reports had suggested that Thai Airways was going to turn into a state owned entity again with the government buying back its earlier majority stake in the airline.
However, the Prime Minister stated that the government is not going to be involved while the company is going through its process of debt rehabilitation. Additionally, he stated that no financial support is going to be provided by the government at this point of time.
That being said, he did not completely dismiss the possibility of getting involved. He stated that the government will decide on its plan of action after the debt rehabilitation plan has been implemented. Thai Airways had earlier been a state owned entity but in 2020, the Finance Ministry took its stake below 50% in order to make it easier for the airline to manage its debts.
Additionally, cabinet ministers in the Thai government had also stated that if the company was to become a state-owned enterprise again, then the airline would need to be injected with billions of bahts in the form of loans. This week the stock is expected to come into focus again and investors could do well to keep an eye on it.
Vaxart (VXRT) Jumped Recently, But Pulled Back Quickly: But Why?
The coronavirus pandemic has been one of history’s deadliest crises to have hit the world and naturally, the market for its vaccines has become the hotbed for investors.
Over the past year or so, many companies have come up with their own vaccines and have rewarded investors handsomely. However, one of the companies that could change the game with regards to coronavirus vaccines altogether is Vaxart (NASDAQ:VXRT). The company has come up with a COVID 19 pill that could prove to be an alternative to often inconvenient vaccine injections. The stock is still quite far away from its peak levels and hence, it might be a good move for investors to start tracking Vaxart.
However, there is still a long way to go before one should get excited about the COVID 19 vaccine pill from Vaxart. Investors need to note that the stock can move dramatically as can be evidenced from its price range of $2.23 to $24.90 in the past 52 weeks. Currently, the stock is trading below $7 a share and hence, it is nearer to its bottom. That might be the ideal opportunity for many investors to get hold of the Vaxart stock. At the end of the day, the possibility of the COVID 19 vaccine pill could result in a transformative change in the industry and lead to significant growth for the company.
The company has managed to complete the Phase 1 study into its vaccine VXA Cov2-1 so far and if Vaxart does manage to get the approval from regulators, then it could be a massive deal. Millions of Americans are yet to be completely vaccinated and a vaccine pill is expected to make the entire process much easier. Additionally, it is going to be quicker as well. The company is looking to make considerable progress in this particular front and it might just be the right time to start tracking Vaxart.
CytoDyn (CYDY) Stock Extends Fall: Fall Another 10%
For the past couple of years, biotech firm CytoDyn (OTCMKTS:CYDY) has come into prominence due to its work with leronlimab, which is known to work against a range of conditions.
On Wednesday, the CytoDyn stock was in action but it actually recoded a decline of as much as 10%. There was no new about the company yesterday that could have led to the decline. However, in this sort of a situation, it could be a good idea to take a look at some recent development. Back on May 6, the company announced that it was on the verge of starting the trial of leronlimab in patients who were suffering from severe symptoms of COVID 19.
The trial is going to be conducted in collaboration with the academic research organisation Albert Einstein Israelite Hospital (AEIH). The trials are going to be conducted at as many as 45 clinical sites all across the United States. In this regard, it is necessary to note that the Phase III trials are expected to deliver the data that is going to be required by ANVISA, the regulatory body in Brazil, for approving leronlimab for the treatment of COVID 19 infected patients in the country.
It was also announced that CytoDyn is looking to have an interim analysis of the data through October and November. The trial is going to enroll 120 patients suffering from critical symptoms of COVID 19. Last month, the company had announced that it signed an exclusive supply and distribution agreement with Chiral Pharma Corporation. By way of this agreement, CytoDyn is going to supply Chiral with as many as 200000 vials of leronlimab that are going to be administered to critically ill COVID 19 patients in Philippines. These are all important developments and despite the fall in the CytoDyn stock yesterday, investors could consider tracking the stock.
Hertz Global (HTZGQ) Stock Continues To Sees Buying Pressure: What’s The Buzz?
Over the course of the past month the bankrupt car rental company Hertz Global Holdings (OTCMKTS:HTZGQ) has seen its stock soar by as much as 200% amidst a bidding war for its control. However, in addition to that, the stock has also got a significant boost as its performance in the first fiscal quarter reflected the turnaround in its business even though Hertz Global is trying to make an exit from bankruptcy.
The company managed to generated a profit of $190 million in the quarter, which worked out to earnings per diluted share of $1.21. In the year ago period, Hertz had suffered a massive loss of $356 million.
However, when adjustments were made with regards to one-time gains and spending, the losses for the quarter worked out to $52 million or $0.33 a share.
The revenues generated by the company for the period stood at $1.3 billion, which was lower than the $1.9 billion that it had generated in the same quarter in 2020. The company has managed to bring about this turnaround by cutting down its costs substantially and running an operation that is in line with the current demands.
On the reorganization front, the company also received a concrete proposal from the consortium led by Apollo Capital Management, Certares Opportunities LLC and Knighthead Capital Management LLC. The consortium is going to provide the necessary equity capital so that Hertz Global can make its exit from bankruptcy. The company has decided that the proposals sent in by this particular consortium are superior to the ones made by its existing sponsor.
The existing sponsor is a consortium led by Centerbridge Capital Partners LP, Dundon Capital Partners LLC and Warburn Pincus LLC. This is another major development for the long-term health of the company and has provided a significant lift to the overall sentiment about the future of Hertz Global.
HCMC Stock Corrects As Healthier Choices Management Reports Quarterly Earnings
One of the stocks to have been on the radar of several investors in recent weeks is that of Healthier Choices Management Corp (OTCMKTS:HCMC). Earlier on in the week, the company announced its financial results for the quarter that ended on March 31, 2021.
While the results may have been positive, the market did not seem particularly enthused and on Tuesday, the stock fell by as much as 9%. As a matter of fact, it should also be pointed out that the Healthier Choices Management stock has tanked by as much as 30% from its recent high.
In the first quarter, the company managed to generate net sales of $3.5 million, which reflect a decline of 14% year on year. The sale figures last year had been high due to a spike in sales in groceries due to the coronavirus pandemic.
However, the total operating expenses incurred by the company during the period actually went down by 15% year on year to hit $2 million. Healthier Choices Management also saw a 1% year on year decline in the losses as it limited its losses to $696000. On the other hand, the losses adjusted for EBITDA came in at $394000, which reflected a year on year decline of around 9%.
The Chief Executive Officer and Chairman of the company Jeffrey Holman stated that the performance reflects the normalization of sales and also the improvement made by the company in controlling its costs. Earlier on in the month, the company had also made an announcement with regards to its rights offering.
The date of the rights offering from Healthier Choices Management is on May 18, 2021, and people need to purchase shares in the company by 4 p.m. Eastern Time on May 14, 2021. Investors are going to be given the right of buying one non-transferable subscription right each block of four shares that he owns.
Humbl (HMBL) Stock Moves Towards $1: Should You Hold Or Sell?
At the beginning of the year, the HUMBL Inc HUMBL Inc (OTCMKTS:HMBL) stock was among the most popular penny stocks in the market and clocked massive gains as more and more investors piled on to it in a big way. However, things have not been as great after HUMBL hit its 52-week high.
Since then, the stock has declined by as much as 85% and on Monday, the downward spiral continued as the stock tanked by 20%. There was no news about the company on Monday but it might be worthwhile for investors to take a look at a major development from last Friday.
Key Things To Note
On May 7, the company announced that it signed a binding term sheet with regards to the acquisition of Monster Creative LLC. It was a significant announcement from the company and must have caught the attention of investors as well.
It should be noted that Monster Creative is involved in producing creating advertising for the entertainment industry and has gone on to become one of the better known operators in that space. The company had been founded by two veterans of the advertising industry, Kevin Childress and Doug Brandt.
As per the terms of the agreement between HUMBL and Monster Creative, the latter is going to operate its Hollywood studios as an independent business. However, the company is going to collaborate with HUMBL when it comes to the creation of multimedia NFTs (non fungible tokens). In recent times, NFTs have become extremely popular in the creative industries and hence, it might prove to be a sound move from HUMBL in the long run.
On the other hand, Monster Creative is also going to help HUMBL with regards the creation of ticketing experiences for a range of events starting from those in sports and gaming to music and fashion. Despite the decline recorded by the stock in recent days, it might still be worthwhile to keep an eye on the HUMBL stock.
88 Energy Limited (EEENF) Stock Is In Focus As It Trades Sideways
Oil and gas company 88 Energy Limited (OTCMKTS:EEENF) had seen its stock collapse last month following an announcement with regards to an outage. However, it did recover following another operational update.
Key Updates
At this point in time, the stock has been trading within a range and that has been the case for the past few weeks. Such a state of affairs can also lead to a breakout eventually and hence, it might be a good move from investors to perhaps take a closer look at 88 Energy.
The stock tanked as much as 90% at one point last month after the company announced that there was an equipment failure induced power outing. More importantly, the outage affected the company’s operations at two of its highest prospect zones. The announcement triggered a major selloff in the stock.
The zones in question are part of the Alaskan Peregrine project that the company is pursuing at this point. While it is true that the update about the outage had led to the selloff, another update made some days later about the positive operational results from its drilling activities in Alaska helped in a strong rebound.
The company announced that it started testing for sidewell cores, cutting and mud gas at the high prospect zones. The announcement had been made by the company back on April 27 and at the time, 88 Energy noted that the complete results were going to be announced at any time between two to ten weeks.
Investors are almost certainly looking forward to the test results before making up their minds about the prospects of the company. That might be another reason why the 88 Energy stock is currently trading within a range. On the other hand, uncertainty and anticipation can also lead to considerable volatility, according to experts. At this point, it might be a good idea for investors to keep a close eye on the stock and any announcements from 88 Energy.
Asia Broadband (AABB) Stock Extends Rally on Monday: Are You Bullish?
The Asia Broadband Inc (OTCMKTS:AABB) stock had gained by as much as 24% last Friday and this morning, the stock has started off on the same vein. While it is true that there has been no fresh news about the company, the stock did rise by 7% so far today.
key Things to Watch
In this situation, it should be noted that the rally in the stock is related to an announcement made by the company last week and it might be a good idea to perhaps take a closer look at the update. The company announced that it made major progress with regard to the development of its own cryptocurrency exchange.
Considering the importance and popularity of cryptocurrencies as well as exchanges, many companies are now moving into the sector in a big way. Asia Broadband seems to have done the same and that has brought a significant degree of attention from investors. It is also important to note that the update from the company about the exchange not long after it had announced the launch of its gold-backed AABBG token.
The cryptocurrency exchange has been under development at Asia Broadband for quite some time and it is going to be another version of the AABB Wallet.
It is going to be particularly beneficial for those who use the AABB Wallet. Those users are going to be able to make dual exchanges of their AABBG gold token with other major cryptocurrencies fairly quickly. Some of the cryptocurrencies that are going to be available on the exchange are going to be Litecoin, Bitcoin, and Ethereum. The exchange is expected to add substantially to Asia Broadband’s revenues by way of transaction fees and is also expected to help with regard to the rise of AABBG token’s price. At this time, the company has only released a limited number of tokens. Investors could do well to keep a close eye on the developments with regards to this project.