La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Arras Minerals a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Arras Minerals..

Arras Minerals (OTC:ARRKF) Azioni, Catena delle Opzioni

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire an interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

ARRAS MINERALS CORP by ARRAS MINERALS CORP.

Arras Minerals Corp

Truist Securities analyst Jasper Bibb maintains Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) with a Buy and raises the price target from $37 to $40.

News

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Universal Technical, Raises Price Target to $40

Truist Securities analyst Scot Ciccarelli maintains Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Hold and raises the price target from $82 to $90.

Truist Securities Maintains Hold on Target, Raises Price Target to $90

WIIM

DCTH

DCTH stock has given up its prior gain. Delcath Systems shares were trading higher after the company issued FY25 guidance and provided business updates.

Truist Securities analyst Joel Fishbein maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and raises the price target from $210 to $235.

SNOW

Truist Securities Maintains Buy on Snowflake, Raises Price Target to $235

Wells Fargo analyst Michael Turrin maintains Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Equal-Weight and raises the price target from $75 to $80.

Wells Fargo Maintains Equal-Weight on Zoom Communications, Raises Price Target to $80

Truist Securities analyst Terry Tillman maintains Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) with a Buy and raises the price target from $190 to $210.

MANH

Truist Securities Maintains Buy on Manhattan Associates, Raises Price Target to $210

Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) posted better-than-expected first-quarter results after <a href="https://www.benzinga.com/quote/URBN/earnings">Wednesday&#8217;s closing bell</a>.
Urban Outfitters reported quarterly earnings of $1.16 per share, which beat the analyst consensus estimate of 82 cents by 41.46%. Quarterly revenue clocked in at $1.33 billion, which beat the Street estimate of $1.28 billion.
"We are excited to announce record first quarter revenues and profits," said Richard A. Hayne, CEO of Urban Outfitters. "Our success was driven by positive sales growth and improved profitability across all brands and segments. We believe these results demonstrate the strength of our brands and the effectiveness of our strategy, giving us confidence in URBN's continued success."
Urban Outfitters shares fell 2.8% to close at $59.60 on Wednesday.
These analysts made changes to their price targets on Urban Outfitters following earnings announcement.
<ul class="wp-block-list">
<li>JP Morgan analyst Matthew Boss upgraded Urban Outfitters from Neutral to Overweight and raised the price target from $63 to $78.</li>
<li>Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and raised the price target from $55 to $70.</li>
<li>Morgan Stanley analyst Alex Straton maintained Urban Outfitters with an Overweight rating and boosted the price target from $62 to $77.</li>
</ul>
Considering buying URBN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="584" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22092938/image-289-1024x584.png" alt="" class="wp-image-924477" style="width:673px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22092938/image-289-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22092938/image-289-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22092938/image-289-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22092938/image-289.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45540545/jim-cramer-recommends-not-buying-mosaic-doesnt-like-this-industrial-stock">Jim Cramer Recommends Not Buying Mosaic, Doesn&#8217;t Like This Industrial Stock</a> </li>
</ul>
Photo via Shutterstock

Earnings

Markets

Trading Ideas

URBN

These Analysts Increase Their Forecasts On Urban Outfitters Following Strong Q1 Earnings

Rio Tinto plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) on Thursday disclosed that its CEO Jakob Stausholm will step down from his <a href="https://www.benzinga.com/topic/mining">role later this year</a>.
Jakob joined the company in 2018 as executive director and CFO and took on the role of CEO in January 2021.
Rio Tinto Chair Dominic Barton praised Stausholm's leadership and restoring &#8220;trust with key stakeholders&#8221;.
&#8221;Our focus on these things is undiminished and our strategic priorities are unchanged. This is a natural moment to appoint Jakob's successor, as we look ahead to our next phase in which we will double down to deliver greater operational performance to realise the full potential of our assets,&#8221; he added.
Separately, Rio Tinto disclosed plans to begin preliminary work on expanding production at the Amrun bauxite mine in Far North Queensland.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45562596/bitcoin-breaks-111000-as-experts-hail-regime-shift">Bitcoin Breaks $111,000 As Experts Hail &#8216;Regime Shift&#8217;</a>
The goal is to start production as early as 2029. The project, named Kangwinan at the request of the Wik Waya Traditional Owners, will include developing a new mine and enlarging the existing port facilities.
This expansion aims to nearly double the bauxite output from Rio Tinto's Weipa Southern operations, where Amrun is based.
Output from the Kangwinan project is intended to replace production from the Andoom mine in Cape York and the Gove mine in the Northern Territory, which are expected to wind down by the decade&#8217;s end.
If given the green light, the project will create a new mining hub roughly 15 kilometers southeast of the Amrun site, which opened in 2018 following a $1.9 billion investment.
The proposed expansion would boost Rio Tinto's annual bauxite output from its Weipa Southern operations by up to 20 million tonnes, adding to the current 23 million tonnes, and increase export capacity through the Amrun port.
This would primarily offset the production declines expected from the eventual closures of the Gove and Andoom mines.
The Kangwinan project is expected to create over 800 construction jobs and help retain the current workforce employed at Weipa's existing mining sites set to close.
A final investment decision is anticipated in 2026.
On Tuesday, the company committed $900 million for a 49.99% stake in Chile&#8217;s Salar de Maricunga, a lithium project controlled by the <a href="https://www.benzinga.com/news/global/25/05/45513934/rio-tinto-expands-lithium-push-with-900-million-maricunga-deal" target="_blank" rel="noreferrer noopener">Chilean state-owned miner </a><a href="https://www.benzinga.com/news/global/25/05/45513934/rio-tinto-expands-lithium-push-with-900-million-maricunga-deal" target="_blank" rel="noreferrer noopener">Codelco</a>.
Investors can gain exposure to the stock via&nbsp;VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and iShares Copper and Metals Mining ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICOP#NASDAQ">ICOP</a>).
Price Action: RIO shares are up 0.52% at $62.30 premarket at the last check on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45559926/us-stock-likely-to-open-on-a-mixed-note-after-2-day-fall-we-do-not-see-the-us-economy-dipping-into-a-recession-this-year" target="_blank" rel="noreferrer noopener">US Stock Likely To Open On A Mixed Note After 2-Day Fall: &#8216;We Do Not See The US Economy Dipping Into A Recession This Year,&#8217; Says Expert</a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

ICOP

Rio Tinto CEO To Step Down, Launches $1.9B Bauxite Expansion Plan

Truist Securities analyst Scot Ciccarelli maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Buy and raises the price target from $258 to $264.

Truist Securities Maintains Buy on Lowe's Companies, Raises Price Target to $264

Wells Fargo analyst Michael Turrin maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Overweight and raises the price target from $200 to $225.

Wells Fargo Maintains Overweight on Snowflake, Raises Price Target to $225

The U.S. House narrowly passed President Donald Trump's sweeping tax-cut bill Thursday, triggering a spike in Treasury yields as investors reacted to the bill's multi-trillion-dollar price tag and its long-term<a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows"> implications for debt sustainability.</a>
The yield on 30-year Treasury bonds surged to 5.15% in early New York trading, marking the highest level since October 23, 2023. 
The move came after the House approved the $3.8 trillion tax-and-spending package by a razor-thin 215–214 margin, with all Democrats and two Republicans voting against it, and one Republican voting present.
The bill, dubbed by Trump as the "one big, beautiful bill," advances to the Senate, where a vote is expected before the July 4 recess. If enacted, it would enact broad tax cuts, increase spending, and lift the deficit trajectory by trillions over the next decade.
<h3 class="wp-block-heading">Debt Explosion In The Spotlight</h3>
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon indicated that while Trump's plan may help stabilize the business cycle, it does little to fix America's fiscal path.
"I think the deficit will be large and probably growing," Dimon told Reuters. "Governments can spend money and still fail to drive growth. Responsibility matters."
Dimon echoed concerns shared by both credit analysts and institutional investors who say the long-term trajectory of U.S. debt could undermine confidence in Treasuries if spending continues unchecked.
The bill could increase the national debt—already at a record $36.2 trillion—by anywhere from $2.3 trillion to $5.7 trillion by 2034, depending on whether key tax breaks are extended, according to estimates from the Congressional Budget Office and the Committee for a Responsible Federal Budget.
"Stock investors may now be getting spooked that the bond market might be on the verge of a debt crisis," said veteran investor Ed Yardeni, pointing to the recent Moody's downgrade of U.S. sovereign credit and rising global bond yields.
Yardeni noted that the S&amp;P 500's 1.61% decline on Wednesday was already a reaction to the poorly received 20-year bond auction, and Thursday's vote could accelerate concerns. 
"Trump's ‘Big Beautiful Bill' could push deficits and debt into uncharted territory," he said.
<h3 class="wp-block-heading">Is A Debt Crisis Inevitable?</h3>
Yardeni raised the possibility that bond vigilantes—investors demanding higher yields to compensate for rising fiscal risk—could push the 10-year Treasury yield above 5% in coming weeks. 
Still, he said a full-blown debt crisis might not be catastrophic if it forces Washington toward fiscal discipline.
"In that case, a debt crisis would actually be a buying opportunity for stocks. Fasten your seat belts," Yardeni said.
According to Yardeni, the Federal Reserve could reserve a new Quantitative Easing (QE) to alleviate the Treasury&#8217;s financing pressures.
Another option could be shifting Treasury issuance toward short-term bills, as seen under Janet Yellen's 2023 playbook, which may temporarily ease pressure on long-term yields without requiring Fed intervention. 
Yet, the Treasury&#8217;s so-called Yield Curve Control makes U.S. debt far more sensitive to interest rate swings, increasing rollover risk as more debt matures faster.
With federal debt already at $36.2 trillion, even modest rate hikes could sharply raise borrowing costs, amplifying concerns about long-term fiscal sustainability.
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45544593/hedge-funds-are-building-a-towering-wall-of-bets-against-stocks">Hedge Funds Are Building A Towering Wall Of Bets Against Stocks</a>
Photo: Shutterstock
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45544593/hedge-funds-are-building-a-towering-wall-of-bets-against-stocks"><span class="author" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;"></a>

Analyst Color

Government

Macro Economic Events

Bonds

Treasuries

Economics

Trump's Big Tax Bill Clears The House: 30-Year Yields Jump To 5.15% As Bond Market Freaks

Truist Securities analyst Michael Lewis maintains Cousins Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUZ#NYSE">CUZ</a>) with a Buy and lowers the price target from $31 to $29.

Truist Securities Maintains Buy on Cousins Props, Lowers Price Target to $29

Stephens &amp; Co. analyst Brett Huff reiterates Workiva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) with a Overweight and maintains $95 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Workiva, Maintains $95 Price Target

JZXN

Jiuzi Holdings shares are trading higher after the company announced a strategic dual-track plan to acquire 1,000 Bitcoins over the next year through a combination of additional stock issuance and cash purchases.

Truist Securities analyst Jasper Bibb maintains APi Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APG#NYSE">APG</a>) with a Buy and raises the price target from $48 to $54.

Truist Securities Maintains Buy on APi Group, Raises Price Target to $54

Wells Fargo analyst Alec Brondolo maintains Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) with a Equal-Weight and lowers the price target from $176 to $173.

Wells Fargo Maintains Equal-Weight on Wix.com, Lowers Price Target to $173

GXO Logistics Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) announced Thursday that it has renewed and expanded its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45560985/gxo-extends-longstanding-partnership-with-biom-rieux" rel="noreferrer noopener">longstanding partnership</a> with bioMérieux, extending a key logistics agreement to support the French diagnostics firm's global supply chain.
The renewed deal builds on a 20-year collaboration and includes a modernization of two warehouses in France, covering 39,000 square meters. The upgraded facilities will support distribution to 160 countries and feature automation and advanced systems to handle highly regulated medical products.
"This next phase continues our shared commitment to innovation and efficiency," said Vincent Ricci, GXO's managing director in France. He noted the partnership began in 2004 and has evolved through continuous improvements to bioMérieux's supply chain.
bioMérieux, a leader in In Vitro Diagnostics, relies on tightly controlled logistics to handle temperature-sensitive products. The new setup includes six temperature zones and a unified warehouse management system. GXO will oversee inbound and outbound logistics, while bioMérieux manages direct fulfillment and fast-moving storage operations.
The enhanced logistics model is designed to improve order accuracy, increase visibility, and ensure compliance with healthcare regulations. GXO's broader healthcare services also include emergency deliveries and inventory management across Europe and the U.S.
In France, GXO operates more than 65 logistics sites and employs nearly 10,000 people. It ranks as the country's second-largest logistics provider, serving clients in e-commerce, retail, consumer goods, and tech.
Recently, GXO Logistics was <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45514088/toolstation-selects-gxo-as-its-logistics-partner-in-the-netherlands" rel="noreferrer noopener">selected</a> by Toolstation to manage its logistics operations in the Netherlands—marking the first time the fast-growing retailer has outsourced logistics in the country.
Related ETFs include iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and SPDR S&amp;P Transportation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTN#NYSE">XTN</a>).
Price Action: GXO shares were trading 0.05% higher at $39.80 premarket at last check on Thursday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45562596/bitcoin-breaks-111000-as-experts-hail-regime-shift">Bitcoin Breaks $111,000 As Experts Hail &#8216;Regime Shift&#8217;</a></li>
</ul>
Photo: chayanuphol/ Shutterstock.com

iShares Dow Jones Transportation Average Index Fund

GXO Unlocks Next Phase Of 20-Year Partnership: What It Means for Global Diagnostics

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="587" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22093432/Yalla-0522-1536x881-1-1024x587.png" alt="" class="wp-image-13273" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22093432/Yalla-0522-1536x881-1-1024x587.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22093432/Yalla-0522-1536x881-1-300x172.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22093432/Yalla-0522-1536x881-1-768x440.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22093432/Yalla-0522-1536x881-1.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The Middle Eastern social media and gaming company announced it will launch a highly anticipated self-developed midcore game in the third quarter

Key Takeaways:
<ul class="wp-block-list">
<li>Yalla reported its revenue rose 6.5% in the first quarter, as it recorded its strongest user growth in more than two years</li>
<li>The social media and gaming company plans to roll out one or more midcore games this year, including its first title in the third quarter, in a bid to jumpstart its growth</li>
</ul>

By Doug Young
Amid growing trade wars that have plunged the global economy into uncertainty, the Middle East has emerged as one region most likely to avoid resulting turmoil. That reality was underscored by the friendly overtones during a four-day whirlwind tour of the region last week by U.S. President Donald Trump, hinting at growing ties that could send more technology and Western investment to the strategically important region.
In the thick of that mix sits&nbsp;Yalla Inc.&nbsp;(YALA.US), a leading social media and gaming company in the Middle East and North Africa (MENA) region that is receiving strong backing from local governments eager to develop local high-tech industries to diversify their economies beyond energy. Nine years after launching its services, Yalla's&nbsp;<a href="https://www.prnewswire.com/news-releases/yalla-group-limited-announces-unaudited-first-quarter-2025-financial-results-302459034.html">latest results</a>, released on Monday, showed it continued to feed off the region's social media and gaming scene in the first quarter.
The company posted its strongest user growth in more than two years during the quarter, as its revenue also continued to grow. It also revealed it is sharply accelerating its share buyback program dating back to 2021, which was likely a factor behind a rally that has seen its shares double since early March. More on that shortly.
While Yalla's revenue growth has slowed considerably in the last two years from headier times in its early days, the company is hoping to pick up the pace with the rollout of new self-developed midcore games. It revealed the first of those is set to launch in the third quarter, with more in the pipeline for potential release as early as this year.
The company currently counts casual games as one of its two main revenue sources. But it believes it could significantly boost its revenue from that segment with midcore and hardcore games that enthusiasts are more willing to pay for.
"The MENA region, Yalla's core strategic market, has maintained remarkable stability and immense potential upside," Yalla Chairman Yang Tao said on the company's earnings call. "Amid global economic volatility, MENA's young population, enhanced digital infrastructure, and visionary government support for the culture and entertainment industries are generating unique growth momentum for the gaming sector."
Yalla's standout business metric for the quarter was its monthly average users (MAU), which rose 17.9% to 44.6 million MAUs from 37.8 million a year earlier. That marked the fastest growth rate since the third quarter of 2022, with COO Jeff Xu attributing the strong gains to a refined user acquisition strategy during the holy month of Ramadan, as well as AI-driven traffic acquisition optimizations. But he cautioned that "this year's MAU growth may not follow the smooth trajectory we saw in the past two years."
The strong user growth came as Yalla reported its revenue rose 6.5% year-on-year during the quarter to $83.9 million, similar to its mostly single-digit growth rates over the last two years. The company pointed out that the latest figure was affected by the timing of Ramadan, which fell entirely in the first quarter this year. By comparison, the month, which is marked by daily fasting and a somber mood in general, ran from March 11 to April 9 last year.
<h4 class="wp-block-heading">Gaming acceleration</h4>
Within its revenue pie, the company's gaming business performed particularly well. That segment rose 13.6% to $30.1 million during the three-month period, outpacing a 2.5% rise for chat services, its other major segment, which rose to $53.5 million. The company pointed out it achieved the strong gaming performance despite a cutback in marketing spending, which dropped 14.3% for the quarter.
While gaming still accounts for a minority of Yalla's revenue, the company hopes to change that with its upcoming move into midcore games. After testing several titles over the last few years, Yalla has developed at least two that it thinks will be winners. One of those, which it referred to as "Match 3," is slated for launch in the third quarter, following the completion of first-round product testing.
"We (also) have several additional mid-core games in the pipeline, with potential launches as early as the third quarter," said Xu. "For these games, we are not only focusing on the Middle East but are also exploring several other overseas markets to expand our user base," he added. While he was not more specific, Yalla currently operates services outside MENA in Turkey and Latin America.
To keep its name in the regional gaming headlines, Yalla began staging a series of offline events for gamers last year, including six such events in cities like Abu Dhabi, Baghdad, Cairo and Riyadh. It continued that campaign this year with its Yalla Ludo Friendship Tournament held in Iraq at the end of March.
Yalla is generally conservative when it comes to spending, and its ongoing cost controls and rising revenue helped to boost its net margin to 43.4%, up sharply from 35.8% the previous quarter when the company was spending more heavily on development of its upcoming new games. Those gains helped to boost Yalla's net profit 17% during the quarter to $36.4 million from $31.1 million a year earlier.
Yalla's shares are up more than 90% since the start of the year, and, following their recent rally, currently trade at a price-to-earnings (P/E) ratio of 11. That's ahead of Chinese social media giant&nbsp;Weibo's&nbsp;(XHKG:<a class="ticker" href="https://www.benzinga.com/stock/9898#XHKG">9898</a>) 7.3, and not far behind similar-sized global peers&nbsp;Pinterest&nbsp;(PINS.US) at 12 and&nbsp;Match Group&nbsp;(MTCH.US) at 15.
Lastly, Yalla revealed plans to sharply boost its share buyback program for this year, raising its target to $50 million from a previous $28 million. The company has already come close to the original $28 million target, purchasing $27.4 million worth of its American depositary shares (ADS) this year through May 16.
Equally important, the company has decided to cancel all the shares it repurchases this year, which will drive up its earnings per share, and should boost its valuation multiples. The company has plenty of cash to execute such plans, and the amount is only growing. Yalla said it had $691 million in cash at the end of March, up from $656 million at the end of last year.

Long Ideas

Opinion

Signals

Trump Tour Highlights Middle East Opportunity, This Stock Positioned To Benefit?

Stephens &amp; Co. analyst Mason Carrico reiterates Vericel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCEL#NASDAQ">VCEL</a>) with a Overweight and maintains $67 price target.

VCEL

Stephens & Co. Reiterates Overweight on Vericel, Maintains $67 Price Target

Jiuzi Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>, the ", Company", ))) announces that its Board of Directors has formally approved a major strategic decision: the Company plans to complete a dual-track, parallel acquisition of 1,000 Bitcoins over the next year through a combination of additional stock issuance and cash purchases. Bitcoin acquisitions in the next year through a dual-track, parallel process of additional stock issuance and cash purchases. This move marks JZXN's in-depth layout in the field of digital currencies, further demonstrating the company's firm confidence in blockchain technology and its application prospects.

Comments

Arras Minerals

Arras Minerals (ARRKF) Opzioni

No option chain data available. Please try again later

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO