Ultime notizie per Future FinTech Gr (NASDAQ:FTFT) Azioni

Future FinTech Gr

Future FinTech Group Inc is engaged in the financial technology business. The company participates in supply chain financing services and trading in China, asset management business in Hong Kong, and cross-border money transfer services in the United Kingdom. It has also expanded into brokerage and investment banking business in Hong Kong and cryptocurrency mining farm in the U.S. The company's reportable segments include the Supply chain financing/trading segment which generates key revenue, and the Asset management service segment.

Future FinTech Group Inc

<p>Needham  analyst Tom Nikic   initiates coverage on Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Buy rating and announces Price Target of $84.</p>


News

Price Target

Initiation

Analyst Ratings

Needham Initiates Coverage On Nike with Buy Rating, Announces Price Target of $84

ZKH Group Inks Pact With With Zhejiang Tmall Technology Co. To Establish Cooperation Of GBB Platform With Zhejiang Tmall's Industrial Product Platform; Agreement Will Be Effective Until October 31

<p>Needham  analyst Tom Nikic   reiterates Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) with a Hold.</p>


Reiteration

Needham Reiterates Hold on Under Armour

<p>Needham  analyst Tom Nikic   initiates coverage on On Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) with a Buy rating and announces Price Target of $64.</p>


ONON

Needham Initiates Coverage On On Holding with Buy Rating, Announces Price Target of $64

<p>The <strong>Starship</strong>&#8216;s many engines are isolated from each other, preventing the risk of one engine failure causing failure of all as in the case of the Soviet Union&#8217;s N1 rocket, <strong>SpaceX</strong> CEO <strong>Elon Musk</strong> said on Thursday.</p>
<p><strong>What Happened:</strong> &#8220;If engine failures are isolated from each other and the primary airframe, then more engines &#x2A;increases&#x2A; reliability,&#8221; Musk said in a post on social media platform X. &#8220;The problem with N-1 was that a failure of any engine caused failure of all.&#8221;</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">If engine failures are isolated from each other and the primary airframe, then more engines &#x2A;increases&#x2A; reliability. <br /><br />The problem with N-1 was that a failure of any engine caused failure of all.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1859667589817041394?ref_src=twsrc%5Etfw">November 21, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>The Starship has often been compared to the Soviet N1 rocket owing to its large number of engines. Musk himself has admitted that the <a href="https://www.benzinga.com/news/23/05/32566212/elon-musk-reacts-to-comparison-of-starship-with-doomed-rocket-that-knocked-soviet-union-out-of-moon">N1 is the closest comparable rocket to Starship</a>. However, the Starship has 33 engines on its Super Heavy booster, even more than the 30 engines on the Soviet N1&#8217;s first stage.</p>
<p><strong>About N1:</strong> N1 was aimed at enabling crewed travel to the moon. However, all four attempts to launch failed and the program was suspended in 1974.</p>
<p>The Soviets carried out a clandestine launch of the N1 on July 3, 1969, which ended up in a colossal explosion. This effectively knocked out the Soviet Union from the Moon race just days before U.S. astronauts walked on the surface of the moon.</p>
<p><strong>About Starship:</strong> Starship is SpaceX&#8217;s most ambitious launch vehicle aimed at taking humans back to the Moon and Earth&#8217;s neighboring planet Mars. </p>
<p>The company has conducted six test flights of the vehicle thus far but without a payload. The last flight test took place earlier this week and NASA is looking forward to taking humans back to the surface of the Moon after a gap of over 50 years with the help of a <a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs">custom version of Starship</a>.</p>
<p><em>Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a></em></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/24/11/42131163/tesla-ceo-elon-musk-attempts-to-temper-down-expectations-of-30k-optimus-or-cybercab-soon">Tesla CEO Elon Musk Tries To Lower Expectations Of $30K Optimus Or Cybercab</a></strong></li>
</ul>
<p><em>Photo courtesy: SpaceX</em></p>


SPACE

Markets

Tech

General

SpaceX CEO Elon Musk Explains How Starship's Engine Design Prevents Chain Failures Unlike Soviet N1 Rocket

ZKH Group Q3 Adj EPS $(0.06), Sales $324.995M; Exits Quarter With Cash & Equivalents Worth $294.2M

<p>Qudian (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QD#NYSE">QD</a>) reported quarterly earnings of $0.10 per share. This is a 190.91 percent increase over losses of $(0.11) per share from the same period last year. The company reported $7.80 million in sales this quarter. This is a 92.26 percent increase over sales of $4.06 million the same period last year.</p>


Earnings

Qudian Q3 Adj. EPADS $0.10 Up From $(0.11) YoY, Sales $7.80M Up From $4.06M YoY

<p>JMP Securities  analyst Matthew Carletti   downgrades Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) from Market Outperform to Market Perform.</p>


Downgrades

ROOT

JMP Securities Downgrades Root to Market Perform

<p>Texas Governor&nbsp;<strong>Greg Abbott</strong> (R-Texas) has directed state agencies to cease investments in China and divest existing ones. This decision, announced in a letter dated Nov. 21, highlights security and financial risks associated with Chinese investments, </p>
<p><strong>What Happened</strong>: Abbott&#8217;s directive argues that this aggression could elevate the financial risks tied to Chinese investments. The governor&#8217;s letter explicitly bans Texas investing entities from making new investments in China.</p>
<p>Moreover, Abbott has instructed these entities to divest from any current Chinese investments at the earliest feasible opportunity. </p>
<p>&#8220;Texas will defend and safeguard itself and our public treasury from any potential threat, including those posed by the CCP,&#8221; the statement read.</p>
<p><strong>See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42103633/chinese-court-affirms-cryptocurrency-ownership-as-legal-as-bitcoin-breaks-97k?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Judge Cites &#8216;High-Pressure Crackdown&#8217; On Speculation In Judgment Declaring Crypto Ownership Legal As Bitcoin Moves Past $97K</a></strong></p>
<p><strong>Why It Matters</strong>: The directive from Governor Abbott comes amid escalating U.S.-China tensions. Recently, the U.S. House of Representatives advanced two Republican bills aiming to reinstate the U.S. Justice Department's "China Initiative." This initiative seeks to <a href="https://www.benzinga.com/news/24/09/40831428/house-gop-advances-bills-to-reinstate-justice-departments-china-initiative-despite-white-house-disap">curb espionage activities</a> targeting U.S. intellectual property and academic institutions. The bills were part of the House Republican's &#8220;China Week,&#8221; which saw over two dozen China-related legislative measures passed.</p>
<p>President-elect <strong>Donald Trump</strong> has proposed to impose 60% tariff on Chinese goods. Chinese President<strong> Xi Jinping </strong>recently <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms">expressed a willingness</a> to collaborate with the U.S. government, regardless of the administration in power. This statement was made during a meeting with President<strong> Joe Biden </strong>at the Asia-Pacific Economic Cooperation forum in Lima. </p>
<p>Meanwhile, ETFs that allow investment into China have dropped during the past one month. As of Nov. 22nd, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>, the<strong> KraneShares CSI China Internet ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) has dropped by 5.97% while <strong>iShares China Large-Cap ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) fell by 5.13%. <strong>Invesco Golden Dragon China ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) fell by 5.41% and <strong>iShares MSCI China ETF </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) dropped by 5.54%.</p>
<p><strong>Read Next:&nbsp;</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/tech/24/11/42111283/elon-musks-starlink-faces-new-competition-as-chinese-satellite-firm-spacesail-enters-brazilian-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Starlink Faces New Competition As Chinese Satellite Firm Spacesail Enters Brazilian Market</a></strong></li>
</ul>
<p><strong><em>Disclaimer</em></strong><em>: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.</em></p>
<p><em>Image via Wikimedia Commons</em></p>


Government

Global

KWEB

MCHI

PowerShares Golden Dragon Halter USX China Portfolio

Texas Governor Mandates State Agencies To Divest From China: 'Will Defend And Safeguard Itself...From Any Potential Threat'

<p>Needham  analyst Quinn Bolton   maintains Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) with a Buy and lowers the price target from $950 to $600.</p>


MPWR

Needham Maintains Buy on Monolithic Power Systems, Lowers Price Target to $600

Macro Economic Events

Econ #s

Economics

U.K. Services Purchasing Managers Index Preliminary For November 50.0 Vs. 52.3 Est.; 52.0 Prior

U.K. Manufacturing Purchasing Managers Index Preliminary For November 48.6 Vs. 50.1 Est.; 49.9 Prior

U.K. Composite Purchasing Managers' Index Preliminary For November 49.9 Vs. 51.8 Prior

Eurozone Services Purchasing Managers Index Preliminary For November 49.2 Vs. 51.6 Est.; 51.6 Prior

HCOB Eurozone Composite Purchasing Managers Index Preliminary For November 48.1 Vs. 50.0 Prior

Eurozone Manufacturing Purchasing Managers Index Preliminary For November 45.2 Vs. 46.0 Est.; 46.0 Prior

<p>HC Wainwright &amp; Co.  analyst Yi Chen   reiterates Alpha Tau Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRTS#NASDAQ">DRTS</a>) with a Buy and maintains $9 price target.</p>


DRTS

HC Wainwright & Co. Reiterates Buy on Alpha Tau Medical, Maintains $9 Price Target

<p>RBC Capital  analyst Deane Dray   upgrades Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) from Sector Perform to Outperform and announces $69 price target.</p>


Upgrades

RBC Capital Upgrades Flowserve to Outperform, Announces $69 Price Target

<p>EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>), the world's leading Urban Air Mobility ("UAM") technology platform company, today announced that the Company's Board of Directors has approved a Share Repurchase Program, pursuant to which the Company may repurchase up to&nbsp;US$30&nbsp;million of its American Depositary Shares ("ADSs") or ordinary shares over the next 12 months.</p>


Buybacks

EHang Holdings' Board Approved A Share Buyback Program Of Up To $30M ADSs Over Next 12 Months

<p>HC Wainwright &amp; Co.  analyst Joseph Pantginis   reiterates Xenetic Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XBIO#NASDAQ">XBIO</a>) with a Neutral.</p>


XBIO

HC Wainwright & Co. Reiterates Neutral on Xenetic Biosciences

The market has been high on Future Fintech Group Inc (FTFT)  stock recently. FTFT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Future Fintech Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FTFT!See Full FTFT ReportWhat is Stock Senti

Future Fintech Group Inc (FTFT) Stock: What Does the Chart Say Wednesday?

Future Fintech signs bitcoin mining hosting agreement with Teracrypto Technology

Future Fintech Group Inc (FTFT) stock has fallen -8.18% over the last 12 months. InvestorsObserver's proprietary ranking system, gives FTFT stock a score of  25 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 33. FTFT's rank also includes a short-term technical score of 41.  FTFT ha

Future Fintech Group Inc (FTFT) Stock Has Fallen 0.00% This Week: Buy, Hold, or Sell?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors should keep their eyes on these best <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.</p>



<p>Another great thing is that these companies often have tiny market caps and cheap valuations, so the prospects of hitting a multi-bagger is perhaps the highest for these types of investments. </p>



<p>Of course, the flip side is that many penny stocks also carry a heightened risk of failure, as these smaller companies may lack the resources, management expertise, or competitive advantages to sustain long-term growth.</p>



<p>With that said, here are seven of the best penny stocks to buy for April. These companies have that magic mix of advantages and low valuations that make them attractive for investors of various risk tolerances and time horizons.</p>



<h2>Taboola (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Taboola</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a>) operates in the online advertising space, having gained recognition for its content recommendation platform and its deal with <strong>NBCUniversal News Group.</strong></p>



<p>I believe that TLBA could be one of those best penny stocks to buy in April for a few different reasons. Analysts <a href="https://www.investing.com/news/stock-market-news/earnings-call-taboola-anticipates-robust-growth-in-2024-with-strong-q4-results-3321862">view TBLA&rsquo;s future positively</a>, expecting a 33% revenue growth in 2024 to nearly $2 billion. A $100 million share buyback program has also been authorized.</p>



<p>The company itself is <a href="https://finance.yahoo.com/news/taboola-com-ltd-tbla-reports-113456704.html">forecasting substantial growth</a> across key metrics. The company expects revenue from its main operating segments to grow by 25% compared to 2023, with adjusted EBITDA expected to exceed $200 million and free cash flow projected to surpass $100 million.</p>



<p>TBLA could be a great pick for investors who want to invest in a developing advertising company without paying for a steep valuation. Therefore, it&rsquo;s one of those best penny stocks to buy in April.</p>



<h2>New Gold (NGD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600-300x169.jpg" alt="Closeup of a large gold nugget. stocks under $10"><div>Source: Shutterstock</div></div><p><strong>New Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/"><strong>NGD</strong></a>) is a Canadian-based gold mining company with multiple projects.</p>



<p>Gold has always been a favorite of mine as a precious metal to invest in due to its lack of correlation with traditional risk assets, but NGD stands as a promising penny stock to invest in on its own while preserving some of Gold&rsquo;s uncorrelated properties.</p>



<p>The company has a number of investments planned for this year. These investments are expected to underpin free cash flow generation, <a href="https://www.newswire.ca/news-releases/new-gold-outlines-significant-free-cash-flow-generation-profile-supported-by-improving-production-and-decreasing-costs-over-the-next-three-years-854846781.html">with a notable increase</a> in gold production projected at the Rainy River Mine to between 250,000 and 280,000 ounces.</p>



<p>Financially, NGD&rsquo;s performance in <a href="https://finance.yahoo.com/news/gold-reports-fourth-quarter-full-221500827.html">2023 laid a strong foundation</a>, with revenue growing to $786.5 million from the previous year. The increase was primarily driven by higher sales volumes and gold prices, although partially offset by lower copper prices.&nbsp;</p>



<p>NGD could then be a great option for those who want exposure to precious metals.</p>



<h2>Bit Digital (BTBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/bitcoin_world_map_1600-300x169.jpg" alt="A map of the world with Bitcoin iconography overlaid on various countries with lines between various icons."><div>Source: naulicrea / Shutterstock.com</div></div><p><strong>Bit Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/btbt-stock-quote/"><strong>BTBT</strong></a>) is engaged in the cryptocurrency mining sector, focusing on <strong>Bitcoin </strong>(<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) production.</p>



<p>Bitcoin will continue to be a strong winner in my opinion, and I think that after a pullback this April following the upcoming halving event, it could continue its rapid capital appreciation as institutional investment continues to pour into it. Small miners like BTBT could then lend themselves to significant returns.</p>



<p>In 2024, BTBT plans to focus on enhancing its <strong>Ethereum </strong>(<a href="https://investorplace.com/cryptocurrency/eth-usd/"><strong>ETH-USD</strong></a>) treasury holdings through the conversion of mined bitcoin into ETH for staking. For January 2024, BTBT reported the production of 145.7 BTC, a decrease from the previous month, with an active hash rate of approximately 2.50 EH/s.&nbsp;</p>



<p>The company&rsquo;s digital asset holdings, including BTC and ETH, were valued at approximately $74 million, with cash and equivalents of $22.6 million. BTBT&rsquo;s staked ETH earned a blended APY of about 3.69%, yielding approximately 38.7 ETH in rewards for the month.</p>



<p>This backdrop and its war chest of crypto make it one of the best penny stocks to buy in April.</p>



<h2>Future FinTech Group (FTFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='undervalued fintech stocks A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains, fintech stock'><div>Source: Wright Studio / Shutterstock.com</div></div><p><strong>Future FinTech Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftft-stock-quote/"><strong>FTFT</strong></a>) works in the blockchain and fintech industries catering to a global clientele in the e-commerce sector.</p>



<p>The company&rsquo;s main business includes an online shopping platform, Chain Cloud Mall (<a href="https://investorplace.com/stock-quotes/ccm-stock-quote/"><strong>CCM</strong></a>), based on blockchain technology. FTFT has expanded into financial services and cryptocurrency market data services.</p>



<p>For the third quarter of 2023, <a href="https://www.wallstreetzen.com/stocks/us/nasdaq/ftft/earnings">FTFT reported an earnings per share</a>&nbsp; of negative 16 cents marking a 36% improvement compared to the same period the previous year, where the EPS was negative 25 cents The total earnings for the quarter were approximately -$2.49 million.</p>



<p>The reason I think FTFT could be a long-term winner is that its CCM platform is one of the most disruptive in the industry, and <a href="https://bluetree.digital/fintech-market-growth-statistics/#:~:text=The%20global%20fintech%20market%20is%20projected%20to%20reach%20%24460%20billion,22.17%25%20from%202020%20to%202025.">gives people an alternative</a> to the big name brands. The fintech industry is expanding rapidly, and I believe that investors should have exposure to this sector for long-term gains.</p>



<h2>Gerdau (GGB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/ggb-stock-1-300x169.jpg" alt="A close-up shot of the Gerdau (GGB) office sign in Sao Paolo, Brazil."><div>Source: casa.da.photo / Shutterstock.com</div></div><p><strong>Gerdau</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ggb-stock-quote/"><strong>GGB</strong></a>) is a steel producer with operations spread across various sectors such as civil construction and automotive. The steel industry heavily relies on the health of the Chinese economy to fuel its expansive construction projects.</p>



<p>I&rsquo;m bullish on China, notwithsanding some short-term setbacks, as it has <a href="https://www.wsj.com/economy/chinas-service-economy-expands-further-caixin-pmi-shows-b6c0ca62">now shown some signs of recovery</a>.</p>



<p>The company <a href="https://www.marketscreener.com/quote/stock/GERDAU-S-A-6492877/news/Gerdau-S-A-2Q23-Earnings-Release-44555220/">closed the second quarter</a> of 2023 with an adjusted EBITDA of $3.8 billion, marking one of its best historical results for the period, despite a slight decrease in shipments of steel. </p>



<p>Despite this, GGB&rsquo;s P/E ratio is below the US market average, indicating good value compared to peers and industry.</p>



<p>GGB stock is then one of those best penny stocks to buy due its valuation, as well as the fact that it gives investors some indirect exposure to China&rsquo;s continued rise as an emerging economy through its healthy appetite for steel.</p>



<p>The projected one-year price target suggests a potential upside of 19.16% from its current price, setting the target at $5.10.</p>



<h2>Genworth Financial (GNW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gnw1600-300x169.jpg" alt="A shot of the Genworth Financial (GNW) sign on an office building in Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Genworth Financial</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gnw-stock-quote/"><strong>GNW</strong></a>) is an insurance holding company offering products like mortgage insurance and long-term care insurance.</p>



<p>In the fourth quarter of 2023, GNW <a href="https://finance.yahoo.com/news/genworth-financial-gnw-q4-2023-194515748.html">experienced several financial shifts</a>, notably in its long-term care insurance and life and annuities sectors. </p>



<p>The company reported an adjusted operating loss of $151 million in long-term care insurance, a decrease from a $204 million income in the same quarter of the previous year.&nbsp;</p>



<p>&nbsp;It also announced a significant $350 million share repurchase authorization in July of the previous year. GNW plans to invest approximately $35 million in 2024 in CareScout services, aiming to drive long-term growth for its offerings.</p>



<p>I think that GNW could be one of those penny stocks to buy in April, primarily due to management&rsquo;s strong conviction that its shares are undervalued, evidence through the share repurchase, as well as being n undervalued insurance company in its own right when compared with its peer companies.</p>



<h2>Transocean (RIG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rig-1600-300x169.jpg" alt="Transocean logo on a laptop screen. RIG stock."><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Transocean</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rig-stock-quote/"><strong>RIG</strong></a>) is a major player in deep-water and ultra-deep-water drilling with a global operational footprint.</p>



<p>RIG entered 2024 on a <a href="https://finance.yahoo.com/news/transocean-ltd-rig-reports-narrowed-113215085.html">somewhat positive note</a>, with a narrowed net loss in Q4 2023 and a robust backlog. RIG reported an adjusted EBITDA of $122 million and a margin of 16.3%. </p>



<p>The company&rsquo;s backlog stood at $9.01 billion. Meanwhile, its management noted the addition of $3.2 billion to the backlog during the quarter and highlighted the delivery and commissioning of two eighth-generation drillships.&nbsp;</p>



<p>This backdrop is enough for me to recommend RIG and one of the best penny stocks for investors to scoop up in April this year.</p>



<p>The stock has also seen an increase in value, rising 5% from the start of 2024 to the recent trading price. Analysts set a 12-month price target with an average expectation of $8.06, indicating a potential upside of around 20.9% from its current trading level&#8203;.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-7-best-penny-stocks-to-buy-in-april-2024/">The 7 Best Penny Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Best Penny Stocks to Buy in April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>As we look ahead to the coming year, <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> may become increasingly popular among investors. With the risk-free rate set to decrease due to lower interest rates, and many analysts predicting a rise in major indices like the <strong>S&amp;P 500 </strong>and <strong>Nasdaq</strong>, the stage could be set for these small-cap investments to flourish. The rate decreases might come a little later than expected, but sooner or later the cracks in the robust U.S. economy will show.</p>



<p>Investors may choose to take positions in penny stock companies as short-term momentum plays or as long-term holds, capitalizing on the current growth-friendly environment. Allocating even a small position could lead to strong risk-adjusted returns, especially in a bull market.</p>



<p>In this article, I&rsquo;ve highlighted three penny stocks that I believe have the potential to soar in the near future. Each of these companies is listed on a major U.S. exchange and has demonstrated growth in their core business fundamentals.</p>



<p>These are the three potential multi-bagger penny stocks for investors to consider.</p>



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/oil1600-300x169.png" alt="In the field, the oil pump in the evening, the evening silhouette of the pumping unit, the silhouette of the oil pump. Oil stocks and energy stocks"><div>Source: zhengzaishuru / Shutterstock.com</div></div><p><strong>Ring Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rei-stock-quote/"><strong>REI</strong></a>), an independent oil and natural gas exploration and production company operating in Texas and New Mexico, is a penny stock that could be poised for significant growth.&nbsp;</p>



<p>Following an <a href="https://finance.yahoo.com/news/ring-energy-inc-rei-posts-215142704.html">impressive fourth quarter</a>, I believe REI has the potential to continue outperforming going forward. The company reported a record adjusted EBITDA of $65.4 million, representing a solid increase from the previous quarter, along with growth in sales volumes.</p>



<p>One of the most attractive aspects of REI is its low valuation on a price-to-sales basis. The stock currently trades at just 1.12 times sales, which drops even further to 1.08 times sales on a forward basis. Additionally, the company appears undervalued when considering its accounting profits.</p>



<p>Unlike many other penny stocks, REI stands out for its positive cash flow generation, having already produced $56.34 million in cash flow within the last 12 months.</p>



<p>At just around $2 per share. REI could be one of those penny stocks that soars in the future.</p>



<h2>Future FinTech Group (FTFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/cryptos-1600-2-300x169.png" alt="Various cryptocurrency coins. Cryptos. Cryptocurrencies representing 3AC Crypto., ARBK Stock. cheap cryptos to buy on the rebound. Crypto trends. AI Cryptos"><div>Source: Wit Olszewski / Shutterstock</div></div><p><strong>Future FinTech Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftft-stock-quote/"><strong>FTFT</strong></a>) operates in the blockchain and fintech sectors, primarily focusing on e-commerce solutions and financial services related to cryptocurrency data.</p>



<p>FTFT is <a href="https://globalbusinessoutlook.com/fintech/future-fintech-announces-new-unit-dubai-crypto-trading/">actively expanding its footprint</a>, revealing plans to open a new cryptocurrency trading and crypto asset management unit in Dubai this year.</p>



<p>Love it or hate it, I think digital currencies such as <strong>Bitcoin</strong> (<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) are here to stay. Companies like FTFT that create the &ldquo;picks and shovels&rdquo; the industry needs to survive will only grow in prominence as more investors buy into crypto.</p>



<p>However, like all companies, FTFT also faces some challenges. <a href="https://simplywall.st/stocks/us/diversified-financials/nasdaq-ftft/future-fintech-group">FTFT reported a loss</a> of 9.7 cents per share in its most recent quarterly results. That marked a decline from the previous year&rsquo;s loss of 7 cents per share in the same quarter.</p>



<p>However, FTFT is a great option for investors wanting a potentially undervalued fintech stock with strong exposure to crypto.</p>



<h2>Transocean (RIG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rig-1600-300x169.jpg" alt="Transocean logo on a laptop screen. RIG stock."><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Transocean</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rig-stock-quote/"><strong>RIG</strong></a>) specializes in deep-water and ultra-deep-water drilling. It is known for its significant global presence and strong project backlog.</p>



<p>There are a lot of good reasons for investors to feel bullish on RIG. The company <a href="https://finance.yahoo.com/news/4q-struggles-transocean-upcycle-prediction-160000674.html">projects significant growth</a> in its operations in Brazil. The driller plans to increase its rig count to 36 by the end of 2025 with stable demand in the  Gulf of Mexico. Additionally, it expects to initiate 13 new drilling programs over the next 18 months.&nbsp;</p>



<p>Also, financially, RIG <a href="https://www.kavout.com/blog/transocean-nyse-rig-a-bullish-outlook-for-2024/">reported a narrowed net loss</a> in Q4 2023 and forecasts a revenue increase for 2024. For 2023, the revenue reached approximately $2.837 billion, a 10% increase from the previous year. Sales are projected to rise to $3.591 billion in 2024, marking a 27% year-over-year growth.</p>



<p>Analysts also collectively agree that RIG&rsquo;s performance in the short-term could be accretive. The <a href="https://www.marketbeat.com/stocks/NYSE/RIG/">price target</a> averages at $8.22 for the next twelve months. That suggests a potential upside of 45% from the current price.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Future FinTech Gr</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ftft-stock-quote/"><strong>FTFT</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>Future FinTech Gr reported earnings per share of -20 cents.</li><li>The company reported revenue of $5.12 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/05/ftft-stock-earnings-future-fintech-gr-for-q1-of-2024/">FTFT Stock Earnings: Future FinTech Gr Reported Results for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

FTFT Stock Earnings: Future FinTech Gr Reported Results for Q1 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
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Future Fintech announces appointment of Hu Li as CEO

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FTFT Stock Earnings: Future FinTech Gr Reported Results for Q2 2024

The latest update is out from Future FinTech Group ( ($FTFT) ). Future FinTech Group, Inc. has announced a shift in its leadership as Mr. Johonson ...

Future FinTech Announces Leadership Restructuring and New Appointments

BTBT

FTFT

TBLA

Penny Stocks

Press Releases

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Future FinTech Group Inc. (FTFT)

FTFT DEADLINE ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Future FinTech Group Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FTFT

Legal

FUTURE FINTECH DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Future FinTech Group Inc. and Encourages Investors to Contact the Firm

DEADLINE ALERT for MBLY, FTFT, BIVI, and BTI: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

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Future FinTech Enters into Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio

Future FinTech Enters into New Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio

FUTURE FINTECH ALERT: Bragar Eagel & Squire, P.C. is Investigating Future FinTech Group Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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