La vendita allo scoperto per AVITA Medical dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di AVITA Medical. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

AVITA Medical (NASDAQ:RCEL) Azioni, Report sulle vendite allo scoperto

AVITA MEDICAL INC

AVITA Medical

Avita is a single product company. Its RECELL system is an innovative burn treatment device which creates Spray-on Skin from a small skin sample within 30 minutes, thus avoiding or reducing the need for skin grafts. It's approved for the treatment of adult patients in the US with paediatric clinical trials and expanded indications in soft-tissue reconstruction and vitiligo underway. It is currently in roll-out across the approximately 136 US burn centers. Despite having product approval in Australia, Europe, Canada, and China, Avita is not actively marketing in those territories and focussing instead on the US region. However, it is expected to launch in Japan via distribution partner Cosmotec in second-half fiscal 2022. Avita is domiciled, and has its primary listing, in the US.

AVITA Medical Inc

Mr. Simonsen currently serves as the Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS

News

Management

GOGL

Reported Saturday, Golden Ocean Group Names Peder Simonsen CEO And Randi Navdal Bekkelund CFO, Effective June 1

Labelling Blue Origin's upcoming <a href="https://benzinga.com/general/space/25/02/44019974/katy-perry-gayle-king-lauren-sanchez-headline-next-blue-origin-space-flight-how-jeff-bezos-fiancee-crew-will-make-history">all-female space mission</a> as "gluttonous", actress Olivia Munn slammed it on a recent appearance on Today With Jenna and Friends.
What Happened: On the April 3 episode of the morning show, Munn questioned the excitement generated by the 11-minute suborbital flight, which will carry Lauren Sánchez, Gayle King, Katy Perry, Aisha Bowe, Amanda Nguyen, and Kerianne Flynn to space. "What are they doing?" Munn asked, raising doubts about the value of such a mission. "There are so many other things that are so important in the world right now."
See Also: <a href="https://www.benzinga.com/general/space/25/03/44159724/jeff-bezos-brings-amazons-hard-charging-culture-50-hour-workweek-to-blue-origin-ceo-says-growth-led-to-more-bureaucracy-less-focus">Jeff Bezos Brings Amazon&#8217;s Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To &#8216;More Bureaucracy&#8230;Less Focus&#8217;</a>
After being told that the mission would last for 11 minutes in total, Munn drew comparisons with a high-budget amusement park ride. "It's like their own version of Space Mountain," she said, interrogating both the public spectacle and the glamorization of the short-lived journey.
Why It Matters: While the flight is being touted as a "milestone" for gender representation in space travel, Munn wasn't persuaded. "If you wanna go to space, why do you need to tell us about it?" she asked. "Just go, have a good time, come back down." She also expressed concerns about the ecological impact and the immense financial requirements. "It's so much money to go to space, and there's a lot of people who can't even afford eggs," she observed.
Munn also seemed shocked by reports that the crew planned to be "in full glam" for the flight, retorting, "They said this out loud?" She added, "What's the point? Is it historic that you guys are going on a ride? I think it's a bit gluttonous."
The mission will be Blue Origin's 11th human flight and 31st overall. Its all-female lineup and high-profile participants have been focal points in the promotions rolled out by Blue Origin.
In 2023, data from UNOOSA demonstrated that women comprised just 11% of the world's astronauts, only 6.6% of spacewalks had been performed by women, and only 20% of the broader space workforce was made up of women.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44655959/elon-musks-spacex-jeff-bezos-blue-origin-and-boeing-lockheeds-ula-bag-13-5-billion-pentagon-launch-contracts">Elon Musk&#8217;s SpaceX, Jeff Bezos&#8217; Blue Origin, And Boeing-Lockheed&#8217;s ULA Bag $13.5 Billion Pentagon Launch Contracts</a></li>
</ul>

SPACE

General

Olivia Munn Questions Purpose And Cost Of Blue Origin's 'Gluttonous' All-Female Space Mission

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) may have been hammered in the Sunday crash, but futures traders are optimistic that the price will recover soon.
What Happened:&nbsp;About 74% of Binance traders with&nbsp;open XRP&nbsp;futures positions were positioned long on the fourth-largest cryptocurrency, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass, up from 70% a day ago. This is despite a 21% drop in its price in the last 24 hours.
A few predictions justified the positioning. Widely followed cryptocurrency analyst CrediBULL Crypto opined that XRP&#8217;s pullback before outperformance made sense.
&#8220;I remain more bullish than ever on XRP and its continued outperformance. This would just be a small speed bump along the way, nothing more,&#8221; the analyst added.
Interestingly, the analyst said they expect a &#8220;deviation&#8221; and not a &#8220;breakdown&#8221; below $1.80 before the next leg up.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Watch my last Youtube vid I explained exactly this. XRP has outperformed ETH by 250+% off the last time I said it would outperform but its hit local resistance now so a pullback before more outperformance would make sense. In other words, temp weakness as it digests the last move… <a href="https://t.co/e4L7BsmvkG">https://t.co/e4L7BsmvkG</a>
&mdash; CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1909067680264688104?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Conversely, noted economic analyst Jesse Colombo painted a bearish narrative, highlighting XRP&#8217;s drop below its support zone.
&#8220;The head and shoulders pattern projects it sinking all the way back to 60 cents in a complete unwinding of its fall rally,&#8221; Colombo projected.
The head and shoulders chart pattern depicts a bullish-to-bearish trend reversal, signaling that an upward trend is nearing its end.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> is officially breaking below its support zone. The head and shoulders pattern projects it sinking all the way back to 60 cents in a complete unwinding of its fall rally. <a href="https://t.co/V9vwNborDy">pic.twitter.com/V9vwNborDy</a>
&mdash; Jesse Colombo (@TheBubbleBubble) <a href="https://twitter.com/TheBubbleBubble/status/1909035090773966912?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44660250/peter-schiff-warns-against-taking-investment-advice-from-trumps-as-eth-crashes-45-since-eric-trumps-push" target="_blank" rel="noreferrer noopener">Peter Schiff Warns Against Taking Investment Advice From Trumps As ETH Crashes 45% Since Eric Trump&#8217;s Push &#8211; Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interes</a>
Why It Matters:&nbsp;These predictions come amid a significant downturn in the cryptocurrency market. 
Leading assets, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44659799/bitcoin-plunges-below-80000-ethereum-dogecoin-crash-as-cryptocurrencies-mirror-stocks-amid-trump-tariff-mayhem-analyst-flags-critical-support-level-for-btc">experienced a massive sell-off</a>, primarily attributed to concerns over President Donald Trump&#8217;s tariff policies.&nbsp; The apex cryptocurrency tumbled to $75,000 as of this writing, its lowest in five months. 
Price Action:  At the time of writing, XRP was exchanging hands at $1.65, down 21.45% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency was down 18.92%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44660250/peter-schiff-warns-against-taking-investment-advice-from-trumps-as-eth-crashes-45-since-er" target="_blank" rel="noreferrer noopener">Peter Schiff Warns Against Taking Investment Advice From Trumps As ETH Crashes 45% Since Eric Trump&#8217;s Push</a></li>
</ul>
Disclaimer:&nbsp;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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

$BTC

$ETH

$XRP

XRP Futures Traders Bullish On Coin's Price Increase Despite A 20% Fall — Analyst Terms Decline As 'Small Speed Bump'

BHVN

Reported Saturday, Biohaven Presents At AAN 2025: 13 Abstracts Reflect Progress On Novel CNS Therapies Targeting High-Unmet-Need Neurological Disorders

ATTENTION-AD trial data through 192 weeks presented at AD/PDTM 2025 Conference
Prespecified delayed-start analysis indicate disease-modifying effect of oral blarcamesine and importance of early and continued long-term treatment of chronic Alzheimer's disease
Blarcamesine exhibited a favorable safety profile with no treatment-related deaths

AVXL

Reported Saturday, Anavex Announces 4-Year Data For Oral Blarcamesine In Early Alzheimer's Disease, Showing Sustained Cognitive And Functional Benefit

Renowned cryptocurrency analyst Michaël van de Poppe warned Monday that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could test the $70,000 level amid what he described as &#8220;Black Monday&#8221; panic selling, as global markets experience their worst selloff since March 2020.
What Happened: &#8220;Black Monday, Bitcoin back to the lows,&#8221; van de Poppe wrote on X. &#8220;I think we&#8217;ll see a rollercoaster 1-2 weeks in which we&#8217;re having a test of the lows for Bitcoin. It can go as deep as $70K from here.&#8221;
Bitcoin was trading at $74,958.16, down 9.86% in the last 24 hours, extending losses as U.S. stock futures plummeted Sunday evening. Dow Jones Industrial Average futures fell over 1,000 points following a historic selloff that has erased trillions in U.S. <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">market value since Thursday</a>.
The catalyst for the market turbulence was President Donald Trump&#8216;s sweeping new tariffs on imports from U.S. trading partners, announced Wednesday after market close. This triggered a crash on Thursday and Friday, when China <a href="https://www.benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depression-whats-driving-the-fear">announced retaliatory measures</a>.
Trump remained firm on the tariff strategy despite mounting market pressure. &#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something,&#8221; Trump said Sunday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There we go. Black Monday, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> back to the lows. It&#39;s hard to judge how deep we&#39;ll go in times of panic, but we&#39;re taking the liquidity beneath the low and we&#39;ll be waiting on: &#8211; Trump delaying Tariffs (not happening) &#8211; FED announcing emergency meeting (max 1-2 weeks) -… <a href="https://t.co/acAPJrS5xB">pic.twitter.com/acAPJrS5xB</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1909131213559771156?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44659926/dan-ives-cuts-tesla-target-to-315-slashes-apple-by-23-amid-tariff-fallout-warns-elon-musk-led-ev-maker-faces-darker-days-ahead">Dan Ives Cuts Tesla Target To $315, Slashes Apple By 23% Amid Tariff Fallout, Warns Elon Musk-Led EV Maker Faces &#8216;Darker Days&#8217; Ahead</a>
Why It Matters: The magnitude of consecutive market drops has drawn comparisons to the Great Depression, with analysts noting rare consecutive steep declines in major indices. Ryan Detrick of Carson Research highlighted that if the S&amp;P 500 closed down by 4% Monday, it would mark the third consecutive day of a 4% or greater decline — something only seen three times in history, <a href="https://www.benzinga.com/general/market-summary/25/04/44660779/sp-500-dow-jones-on-course-to-mimic-rare-consecutive-losses-not-seen-since-the-great-depression-whats-driving-the-fear">all during the Great Depression</a>.
Van de Poppe said Bitcoin's recovery depends on Trump delaying tariffs, which he sees as unlikely, or an emergency Fed meeting within one to two weeks. Without either, deeper losses may follow.
Despite the panic, the crypto analyst remained optimistic about Bitcoin&#8217;s long-term outlook, advising investors to consider the current correction as a buying opportunity. &#8220;If we talk about Bitcoin specific, then these are the areas where you want to be allocating assets, as it&#8217;s a 30% correction from the high. In 12-24 months from now you&#8217;ll be happy that you&#8217;ve bought in these areas,&#8221; he added.
Venture capitalist Chamath Palihapitiya suggested <a href="https://www.benzinga.com/markets/equities/25/04/44660335/chamath-palihapitiya-warns-fed-and-trump-may-no-longer-rescue-markets-as-bottom-50-of-americans-have-zero-interest-in-stocks">traditional market rescue mechanisms</a> may no longer be politically viable, noting &#8220;the bottom 50% of Americans have zero interest in the stock market,&#8221; while &#8220;Bond King&#8221; Jeff Gundlach <a href="https://www.benzinga.com/markets/bonds/25/04/44660747/bond-king-jeff-gundlach-says-fed-rate-is-too-high-by-75-bps-but-warns-cuts-unlikely-without-sharper-risk-asset-losses">warned that Federal Reserve rate cuts were unlikely</a> &#8220;unless the losses in risk assets greatly increase.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/44658417/warren-buffett-stands-tall-in-2025-as-elon-musk-jeff-bezos-and-mark-zuckerberg-bleed-billions-in-net-worth-oracle-of-omaha-emerges-as-lone-gainer-among-top-billionaires-amid-market-rout" target="_blank" rel="noreferrer noopener">Warren Buffett Stands Tall In 2025 As Elon Musk, Jeff Bezos And Mark Zuckerberg Bleed Billions In Net Worth: ‘Oracle Of Omaha' Emerges As Lone Gainer Among Top Billionaires Amid Market Rout</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Bitcoin Could Test $70K Amid Fears Of 'Black Monday' Panic, Says Analyst Van de Poppe, As Global Markets Slide On Trump Tariff Shock

&nbsp;Integrated Gas
<figure class="table"> 
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q4'24</td>
<td>Q1'25 Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="4">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Production (kboe/d)</td>
<td>905</td>
<td>910 - 950</td>
<td>Impacted by unplanned maintenance, including in Australia.</td>
</tr>
<tr>
<td>LNG liquefaction volumes (MT)</td>
<td>7.1</td>
<td>6.4 - 6.8</td>
<td>Reflects weather impact (cyclones) and unplanned maintenance in Australia.</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>1.0</td>
<td>0.9 - 1.1</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="4">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>1.4</td>
<td>1.2 - 1.6</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>0.6</td>
<td>0.7 - 1.0</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="4">Other Considerations:</td>
</tr>
<tr>
<td colspan="4">Trading &amp; Optimisation results are expected to be in line with Q4'24, despite a higher (non-cash) impact from expiring hedge contracts compared to the previous quarter.</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

SHEL

Shell Updates Q1 Outlook: Now projects Q1 Upstream Production At 1,790–1,890 kboe/D (Prior 1,750 – 1,950 kboe/D), LNG Output Hit By Weather; Trading And Refining Margins Strong

The S&amp;P 500 index, also known as the SPX, is widely regarded as the barometer of the overall U.S. stock market. The index measures the performance of 500 large-cap publicly traded companies in the U.S., including the "<a href="https://in.benzinga.com/trading-ideas/long-ideas/25/04/44649868/magnificent-7s-3-trillion-club-is-vacant-as-apple-stock-stumbles">Magnificent 7&#8243;</a> cohort.
Few people might be aware, though, that there even exists a cryptocurrency called SPX, which, interestingly, has netted mammoth returns to its holders over the last year.
What happened: SPX6900 (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SPX</a>), a parody coin with a market capitalization of over $400 million, has surged an eye-popping 17474.22% in the last year.&nbsp;
In fact, the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token finished 2024 as the <a href="https://www.benzinga.com/24/12/42717267/2024s-cryptocurrency-champions-these-top-performers-surpass-bitcoin-in-a-year-of-unprecedented-gains">year's second-biggest gainer</a>, dwarfing the returns from market heavyweights like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
The token&#8217;s fan page jokingly <a href="https://www.spx6900.com/">suggests </a>that it aims to challenge the dominance of the S&amp;P 500 index by establishing a new stock market index, SPX6900.
"This movement is more than numbers; it's a redefinition of dominance, relevance, and inclusion in global markets. As the financial world takes notice, the idea of the SPX6900 sends a clear message: it&#8217;s time to think bigger," the token's synopsis read.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> Bitcoin Reeling From Trump&#8217;s &#8216;Liberation Day&#8217; Shock But These Gold-Backed Coins Are Killing It This Year</a>
The website&#8217;s disclaimer, however, clarified that the meme currency was made just for entertainment and had nothing to do with stocks or securities.
And, despite its stratospheric rise last year, SPX, like the rest of the cryptocurrency industry, has faltered in 2025. Year-to-date, the coin has plunged nearly 50% and is currently trading down 75% from its all-time highs.
Markets have been <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44659799/bitcoin-plunges-below-80000-ethereum-dogecoin-crash-as-cryptocurrencies-mirror-stocks-amid-trump-tariff-mayhem-analyst-flags-critical-support-level-for-btc">pounded </a>by President Donald Trump's sweeping tariff policies in 2025. The S&amp;P 500 has lost over 13% year-to-date, with Friday marking its worst decline since March 2020. It closed 
Price Action:  At the time of writing, SPX memecoin was exchanging hands at $0.4387, down 12.39% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The S&amp;P 500 closed Friday down 5.97% to 5,074.08.
Photo by Igor Faun on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance">OnlyFans Founder&#8217;s Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain &#8216;American Ownership And Governance&#8217;</a></li>
</ul>

$DOGE

$SOL

$SPX

SPX Bleeding In Trump Tariff Market Mayhem But Meme Coin Sharing Its Name Has Shot Up Nearly 18000% In A Year

Announces the commencement of a new share buyback program (the ‘Program') with share repurchases to be conducted in tranches that may be announced through May 2030. Repurchases under the first tranche of the Program, which is for up to 10 million shares, will commence immediately, under the authorization given by the annual general meeting of shareholders of 30 April 2024 and subsequently, if applicable, subject to approval at the annual general meeting to be held on 6 May 2025.

Buybacks

ArcelorMittal Announces 2025–2030 Share Buyback Program; First Tranche Of Up To 10M Shares Begins Immediately

RYTM

Reported Sunday, Rhythm Pharmaceuticals To Reveal Topline Results From Pivotal Phase 3 TRANSCEND Trial Of Setmelanotide In Acquired Hypothalamic Obesity

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061857/Lianhe-Sowell-0407-01.jpeg" alt="" class="wp-image-9838" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061857/Lianhe-Sowell-0407-01.jpeg 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061857/Lianhe-Sowell-0407-01-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061857/Lianhe-Sowell-0407-01-768x512.jpeg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The machine vision company's shares tumbled on their second trading day last Friday, as it searches for a formula to jumpstart its stalling growth
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul>
<li>Lianhe Sowell's shares rose on their trading debut last Thursday, but tumbled the next day amid a broader market selloff on fears of a global trade war</li>
<li>The machine vision company's recent rapid revenue growth came to a sudden halt in its latest reporting period</li>
</ul>
Talk about bad timing.
Machine vision company&nbsp;Lianhe Sowell International Group Ltd.&nbsp;(LHSW.US) made its U.S. trading debut into some of the worst headwinds in years, launching its newly Nasdaq-listed stock last Thursday. The shares seemed to defy the tanking markets around it, briefly more than doubling from their&nbsp;<a href="https://www.globenewswire.com/news-release/2025/04/04/3056062/0/en/Lianhe-Sowell-International-Group-Ltd-Announces-Closing-of-Initial-Public-Offering.html">IPO price of $4&nbsp;</a>before closing up by a respectable 7.3% at $4.29.
But then reality caught up with the company on its second trading day last Friday, as the broader market continued to tank on concerns about coming chaos from Donald Trump's newly announced tariffs on most U.S. trading partners. Lianhe Sowell's shares led that charge downward by plunging 32% their second day to end at $2.92.
It's no huge surprise that this company's stock has been so volatile, as it's quite small and its float was also small, equal to just 3.8% of its outstanding shares. What's more, Lianhe Sowell's' astonishing growth that may have impressed investors when it&nbsp;<a href="https://thebambooworks.com/lianhe-sowell-eyes-big-potential-for-machine-vision-ai-with-u-s-ipo-plan/">first filed to list</a>&nbsp;in May last year suddenly stopped in the six months to last September, the first half of the company's fiscal year, according to its latest&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/2004024/000101376225001647/ea0200138-17.htm#T25">updated prospectus</a>.
Lianhe Sowell's story looks both encouraging but also has factors that could limit its potential. Unlike other companies machine vision companies, which are largely reliant government customers, Lianhe Sowell sells its machines and software to other companies. That's an important difference, as governments across China are reining in their spending lately due to their large debt loads.
By comparison, the manufacturers that make up Lianhe Sowell's customer base may actually be ramping up spending as Beijing offers incentives to upgrade their facilities as a form of economic stimulus. The company makes products that can be used by manufacturers for things like identifying defective products on assembly lines and automatically capturing the identification numbers on containers entering and leaving a port.
That said, Lianhe Sowell's biggest drawback is the high degree of customization needed for its products, which means it's harder to scale up its operation.
As we've already noted, Lianhe Sowell is quite small, which is reflected in the relatively modest $8 million it raised in its IPO. The company had just 30 full-time employees at the end of March last year, though we should note that figure was up by 50% from the 20 it had just a year before and just 16 in March 2022. Presumably it may try to beef up its workforce even more with its modest IPO proceeds, which it plans to use to build up the business.
Even after the Friday share selloff, Lianhe Sowell's stock still trades at a relatively high price-to-earnings (P/E) ratio of 61, which isn't unusual for this kind of newly listed Chinese company on Wall Street. Its price-to-sales (P/S) ratio is a little more realistic at 4.14, well behind the 12.8 for much larger peer&nbsp;SenseTime&nbsp;(0020.HK) and 30.8 for&nbsp;CloudWalk&nbsp;(688327.SH), another machine vision company.
<h4 class="wp-block-heading">Stalled growth</h4>
While Lianhe Sowell is much smaller than SenseTime and CloudWalk, it underwent a brief period of explosive growth starting in its fiscal year through March 2023 as it rolled out new products and picked up customers. The company's revenue shot up to $13.1 million in the 12 months through March 2023 from just $950,000 the previous year. That growth then continued in the next fiscal year, with revenue nearly tripling year-on-year to $36.6 million in the 12 months to March 2024.
But then the growth suddenly ground to a halt. Lianhe Sowell said its revenue in the six months to September last year totaled $16.9 million, up by less than 1% from $16.8 million a year earlier. It didn't provide a clear reason for the sudden slowdown, but a closer look at its prospectus shows the company is limited by its ability to only serve a small group of customers at any given time.
Its customer turnover is also quite large, indicating most of its customers purchase the company's products and then fail to return for more. That's not too unusual for such a small company like Lianhe Sowell, whose product portfolio is quite small and thus has limited products to sell to its customers. But it also deprives it of repeat business, which is important for any growing company.
Lianhe Sowell's prospectus shows it derived 85% of its revenue from just six customers in the six months to September 2024, with the top three supplying about 70% of the total. What's more, two of the company's top customers in the year-ago period, which supplied a combined 30% of its revenue for that time, were no longer major customers a year later. This shows Lianhe Sowell is attracting major new customers, which is always a good sign, but only fast enough to replace customers it is losing.
All this means the company may have a good product, but needs to boost its team to serve more companies from its large potential customer base if it wants to continue growing. It probably needs to standardize its products more also if it wants to achieve the scale it needs to make it into the big leagues.
Reflecting the current awkwardness in its growth phase, Lianhe Sowell's gross margin in the six months to last September fell by nearly 2 percentage points to 21.2% from 22.9% a year earlier – the opposite of what you would expect from a growing company. The company attributed the decline to its efforts to obtain more customers for its newer software business, which grew 16% in the six-month period to make up 22% of its revenue from 19% a year earlier. By comparison, sales for its older hardware business fell 3% during the six months.
Despite all of its issues, Lianhe Sowell is profitable, though its net income fell to $1.25 million in the six months through last September from $1.58 million a year earlier. At the end of the day, buyers of the company's stock should probably expect more volatility in its first few trading months, especially as the global trade war heats up. They should also watch closely to see if Lianhe Sowell can restart its growth by boosting its team and standardizing its products. If it can, the company could offer some strong potential over the next few years.

Asia

Earnings

WIIM

Opinion

Signals

Trading Ideas

Is This Nasdaq Debutant A Buy After Sharp Sell-off On Day 2 Of Listing?

<ul>
<li>Q1 2025 preliminary net sales rise 7% CER and adjusted diluted EPS results of at least $0.55 CER both above outlook despite challenging macro environment</li>
<li>Full-year 2025 adjusted diluted EPS outlook raised to about $2.35 CER (prior outlook about $2.28 CER)</li>
<li>On track to exceed 31% CER adjusted operating income margin ahead of 2028 mid-term target</li>
</ul>

QGEN

Reported Sunday, QIAGEN Preliminary Q1 2025 Revenue ~$483M And Expects Adj. EPS Of At least $0.55 (Vs. $0.56 Est.); Raised 2025 EPS Target To ~$2.35 (Vs. $2.48 Est.) From Prior $2.28

The Donald Trump administration and the Federal Reserve are signaling a lack of relief amid escalating trade tensions and policy uncertainty. Experts warn that this could further drive the markets lower.
What Happened: According to Craig Shapiro from 3-Circle Investments by The Bear Traps Report, the absence of this perceived &#8220;Trump put&#8221; or &#8220;Fed put&#8221; could trigger a swift and significant market downturn.
&#8220;The market has been searching for a Trump put or a Fed put and was informed this past week that both puts are struck lower,&#8221; Shapiro noted in his analysis. He believes the Fed will only intervene when financial stability is threatened, specifically if the U.S. Treasury market begins to dysfunction.
Speaking on Friday, Federal Reserve Chair Jerome Powell emphasized that the Fed&#8217;s priority remains achieving its dual mandate of maximum employment and stable prices. 
While acknowledging that the economy is &#8220;still in a good place,&#8221; he stated that the Fed is closely monitoring the economic impact of new policies, particularly trade.
&#8220;It is too soon to say what will be the appropriate path for monetary policy,&#8221; Powell stated, highlighting the potential inflationary impact of tariffs, stating, &#8220;Looking ahead, higher tariffs will be working their way through our economy and are likely to raise inflation in coming quarters.&#8221;
&#8220;So that leaves the Trump put and him walking back from this trade agenda. So soon after he implemented in last week would seem incredibly weak for a man that rarely ever admits he was wrong,&#8221; adds Shapiro.
See Also: <a href="https://www.benzinga.com/markets/25/04/44656946/donald-trump-says-market-is-going-to-boom-claiming-6-7-trillion-worth-of-inflows-will-come-after-the">Donald Trump Says &#8216;Market Is Going To Boom,&#8217; Claiming &#8216;$6-7 Trillion&#8217; Worth Of Inflows Will Come After The Worst Selloff Since 2020</a>
Why It Matters: Jon Keidan, Founder &amp; Managing Partner of Torch Capital, echoed concerns about the long-term consequences of these tariffs.
He warned that the resulting volatility forces companies to &#8220;calculate worst-case scenarios,&#8221; impacting capital allocation, investment decisions, and overall business planning. This, Keidan argues, will lead to a &#8220;big corporate slowdown,&#8221; potentially causing demand-supply imbalances even if trade issues are resolved quickly.
Shapiro concluded his note with a stark warning: &#8220;All this being said, the lack of the &#8216;put&#8217; for now means I think we are going to go significantly lower very quickly until UsT market dysfunction starts and the Fed says &#8216;no mas&#8217; because this will eventually bleed into economic activity and exacerbate the slowdown.&#8221;
Price Action: By Friday&#8217;s close, the S&amp;P 500 was on the brink of a bear market, having fallen 17.46% from its record peak of 6,147.43 points. The Dow Jones Industrial Average was also significantly down, shedding 14.99% from its 52-week high of 45,073.63 points. The Nasdaq 100, already in bear market territory, had declined by 21.71% from its high of 22,222.61 points.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, slumped on Monday. The SPY was down 5.85% to $505.28, while the QQQ declined 6.21% to $422.67, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
As of Monday, the futures of Dow Jones were lower by 3.05%, whereas S&amp;P 500 dropped 3.98% and the Nasdaq 100 declined by 5.00%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44644834/recession-imminent-analyst-flags-60-market-crash-risk-under-worst-tariff-scenario">Recession Imminent? Analyst Flags 60% Market Crash Risk Under Worst Tariff Scenario: &#8216;It&#8217;s Messy&#8217;</a></li>
</ul>
Photo courtesy: Federal Reserve

Analyst Color

Government

Market Summary

Futures

Economics

Federal Reserve

Lack Of 'Trump Put' Could Drive Market Lower 'Very Quickly,' Says Expert, As Fed Chair Jerome Powell Stands Ground On Rate Cuts

World's largest cruise company's newbuild pipeline includes eight&nbsp;new ships scheduled to enter service between 2025 and 2033
Multi-fuel-capable engines will provide new ships flexibility to operate using a&nbsp;range of fuel types, including low- and no-carbon bio and synthetic fuels when available at scale

Carnival Expands Newbuild Pipeline With Two Next-Generation AIDA Ships Featuring Multi-Fuel Propulsion, Deliveries Slated For 2030 and 2032

Reported Sunday, Carnival Cruise Line Unveils Expansion Strategy With Carnival Festival, New Destinations, And Fleet Innovations

Ki Corporation and Public Storage announced day the submittal of a non-binding indicative offer (NBIO) to acquire all of the outstanding stapled securities of Abacus Storage King that are not already held by Ki or its subsidiaries (together, the "Ki Group") for A$1.47 per stapled security. The Ki Group is currently ASK's major securityholder and each of Ki and Public Storage would have approximately 50% interest following the transaction.

ABACUS STORAGE KING by ABACUS STORAGE KING

ABSKF

Reported Sunday, Ki Corporation And Public Storage Submit A$1.47 Per Share Offer To Acquire Abacus Storage King

Macro Economic Events

Econ #s

Germany Trade Balance For February 17.7B Vs. 18.4B Est.; 16.2B (Revised) Prior

Germany Industrial Production (MoM) For February -1.3% Vs. -0.9% Est.; 2.0% Prior

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="936" height="556" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1.jpeg" alt="" class="wp-image-9835" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1.jpeg 936w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1-300x178.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1-768x456.jpeg 768w" sizes="(max-width: 936px) 100vw, 936px" /></figure>
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fef1fda4a-e58e-43ae-93d8-5b12ae44ecaf_1024x608.png" target="_blank" rel="noreferrer noopener"></a>
It's been a challenging few days.
There's been a mountain of news about the direction of&nbsp;<a href="https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/">global trade policy</a>, which has been followed by a tsunami of research and insights intended to help investors make sense of it all.
I've spent a ton of time sifting through much of it, and I've concluded: It is impossible to know what will happen next.
While&nbsp;<a href="https://www.tker.co/p/wall-street-agrees-tariffs-are-bad">everyone agrees</a>&nbsp;that the announced tariffs are negative at least in the near-term, the range of potential outcomes is very wide and impossible to define precisely. Not only are the indirect effects hard to capture, the uncertainty is heightened by the possibility that at least some of the tariffs are short-lived or negotiated lower.
Consequently, I'd caution against listening to folks who have a high degree of confidence in the particular outcome they're touting. There are just too many unknowns to be able to model a clean forecast.
A couple of analysts I follow had some particularly insightful commentary on the murky state of things.
"There is no tariff playbook," BofA's Savita Subramanian wrote on Thursday. "Known unknowns are plentiful." From her note:
Investors looking for historical parallels are faced with scant observations from incomparable eras (e.g., 1930s Smoot Hawley ended badly). Import/export exposure by company is difficult to estimate and not regularly disclosed. Full supply chains are hard to figure out. Secondary impacts are even hazier: prolonged negotiations could stall activity spiraling into a recession. Calls to boycott U.S. goods could ramp further. But pricing power and currency moves can mollify tariff impacts. Ex-U.S. multinationals can avoid tariffs (and maybe enjoy lower corporate tax rates) by expanding U.S. footprint. Our constructive equity outlook relies on at least partial resolution from which corporates can plan and grow by early 2H25, as capacity buildouts are multi-quarter phenomena.
Among the many challenges in analyzing the impact on the stock market is the fact that regulations don't require publicly-traded companies to disclose many details about their overseas exposure. This is something I've mentioned in past discussions about&nbsp;<a href="https://www.tker.co/p/us-listed-companies-share-of-global-profits">S&amp;P 500 revenues generated outside of the U.S.</a>
To Subramanian's point about boycotts,&nbsp;<a href="https://www.tker.co/p/boycott-america-gdp-stock-market-negative-impact">earlier this week</a>&nbsp;Goldman Sachs economists also highlighted the challenges in estimating the magnitude of this second order effect.
Subramanian estimates that the impact of tariffs could drag S&amp;P 500 earnings per share (EPS) by 5% to 32%. Yes, that's a wide range. And even she acknowledges that it's derived from an "oversimplified scenario analysis."
On&nbsp;<a href="https://www.bloomberg.com/news/audio/2025-04-04/bloomberg-surveillance-jobs-and-tariffs-podcast">Bloomberg Radio on Friday</a>, Renaissance Macro's Neil Dutta addressed the shock to GDP that economists have been estimating as a result of the announced tariffs. He too cautioned: "These calculations understate the hit to some extent, because you're just looking at direct costs. You're not including, ‘What are the ramifications to corporate confidence? Household confidence?' The spillover and knock-on effects. I think that's why I think it can be even worse."
In terms of modeling how the ongoing trade war will unfold, Dutta added: "We're all just guessing at this point."
Oaktree Capital's Howard Marks, also speaking to Bloomberg on Friday,&nbsp;<a href="https://www.bloomberg.com/news/audio/2025-04-04/bloomberg-talks-howard-marks-talks-market-selloff-podcast">said</a>: "The world economy and the world order beyond the economy — meaning geopolitics and international relationships — has been shook up like a snow globe by the events of the last days, and nobody knows what it&#8217;s going to look like."<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4e66fe10-8fe0-4cbd-a67c-22ea11dd7d48_782x436.png" target="_blank" rel="noreferrer noopener"></a>
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4e66fe10-8fe0-4cbd-a67c-22ea11dd7d48_782x436.png" target="_blank" rel="noreferrer noopener"></a>"Today, whatever your forecast may be, you have to say the probability that I&#8217;m right is lower than ever," Marks added. "Because the probability that we know what the future is going to look like is lower than ever."
While uncertainty and market volatility may be elevated in the near term, experts generally agree that stocks continue to be attractive for long-term investors. It's just that the near future has become very difficult to predict.
It's times like these where the best move is to&nbsp;<a href="https://www.tker.co/p/sam-ro-unlucky-market-timer">stick to your financial plan</a>, which hopefully takes into consideration periods of high volatility and uncertainty.
Watch earnings season &#x1f440;
If there's any good news, the first quarter just ended. This means we'll soon be in earnings season, when companies will give more color on what they see and where they expect things to head.
This could be productive, because so far we haven't heard much about&nbsp;<a href="https://www.tker.co/i/156333109/tariffs-are-not-factored-into-earnings-guidance">how tariffs may impact earnings</a>. Here's what RBC's Lori Calvasina had to say in her research note on Wednesday:
We&#8217;ve been reading earnings call and conference transcripts closely since November across market capitalizations, sectors, and industries and feel fairly confident in saying that U.S. public companies have been very reluctant to discuss tariff impacts (outside of China) until specific details have been provided by the administration, and even then, many still have not given sell-side analysts a lot of specifics to start factoring into their models. The incremental information provided Wednesday (we hope) will enable sell-side analysts to push companies a bit harder to get the conversation going about these policies. This is important, because for U.S. equities to put in a durable bottom, EPS forecasts need to be adjusted which in turn will give investors confidence to assess valuations and make decisions about when opportunity has been unlocked in certain corners of the U.S. equity market.
"Like most analysts and strategists, we&#8217;ll be digesting the implications of the newly announced reciprocal tariffs in the coming days," Calvasina wrote.
All eyes and ears will be on Corporate America in the coming weeks as earnings season picks up.
Will we get&nbsp;<a href="https://www.tker.co/p/sp500-earnings-guidance-q1-2025">more clarity</a>? Or will we learn they have no clue where things are headed either?
As always,&nbsp;<a href="https://www.tker.co/p/stock-market-drawdowns-bull-markets">keep your stock market seat belts fastened</a>. Investing in the stock market is&nbsp;<a href="https://www.tker.co/p/stock-market-down-days-drawdowns-down-years-normal">an unpleasant process</a>.
More insights from Sam Ro:
<ul>
<li>One Of The Most <a href="https://www.benzinga.com/markets/equities/25/03/44361076/one-of-the-most-misunderstood-moments-in-stock-market-cycles">Misunderstood </a>Moments In Stock Market Cycles</li>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44079509/preparing-for-worse-doesnt-mean-dumping-stocks-investing-wisdom-from-market-guru-sam-ro">Preparing</a> For Worse Doesn't Mean Dumping Stocks</li>
<li><a href="https://www.benzinga.com/exclusives/25/02/43917155/warren-buffett-americas-businesses-usually-find-a-way">Warren Buffett</a>: America&#8217;s Businesses &#8216;Usually Find A Way&#8217;</li>
</ul>
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Long Ideas

Broad U.S. Equity ETFs

Sam Ro: If You Know Where Things Are Heading, Then You Probably Don't Know What You're Talking About

U.K. Halifax House Price Index (YoY) For March 2.8% Vs. 2.8% (Revised) Prior

Press Releases

AVITA Medical to Present at the Piper Sandler 36ᵗʰ Annual Healthcare Conference

AVITA Medical to Present at the 43rd Annual J.P. Morgan Healthcare Conference

AVITA Medical Announces FDA 510(k) Clearance for Cohealyx, Expanding its Addressable Market

Health Care

AVITA Medical Announces FDA Approval of RECELL GO mini, Optimizing Treatment for Smaller Wounds

AVITA Medical Updates Expected Fourth Quarter and Full Year 2024 Revenue, Provides 2025 Financial Guidance

AVITA Medical Reports Fourth Quarter and Full Year 2024 Financial Results

AVITA Medical to Host Investor Webinar Briefing

AVITA Medical to Present at TD Cowen's 45ᵗʰ Annual Health Care Conference

AVITA Medical Announces Exclusive Manufacturing and Distribution Agreements with Stedical Scientific

AVITA Medical Launches Cohealyx, Supporting Healing and Unlocking New Market Opportunity

RCEL

Amarin Corporation plc - American Depositary Shares, each representing one Ordinary Share

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