Ultime notizie per Webuy Global (NASDAQ:WBUY) Azioni

Webuy Global

Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailor) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers' purchases with an efficient cost-saving purchasing model. The company is also engaged in selling packaged tours to its customers. The majority of revenue is derived from the sales of groceries through its online platform. Its geographic areas are Singapore, Indonesia, and Malaysia.

Webuy Global Ltd

<h3 class="wp-block-heading">Sometimes The Best Move Is To Do Nothing</h3>
As I type this after hours on Wednesday, shares of&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are down about 1% in the post-market after the company posted a modest earnings beat, but guidance a bit lower than the Street expected.&nbsp;
During market hours, I considered placing an earnings trade on Nvidia for myself and my subscribers, but after re-reading&nbsp;<a href="https://www.zerohedge.com/news/2024-07-18/when-buy-nvidia">this post</a>&nbsp;(&#8220;When To Buy Nvidia&#8221;) I decided not to. In that post, I mentioned a couple of previous times my subscribers and I traded Nvidia earnings;&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><h3 class="wp-block-heading">Trading Nvidia Options</h3>
One difference between stocks and options is that options expire, so there&#8217;s no place for diamond hands: if you don&#8217;t sell or exercise before expiration, your options will expire worthless. Most of the options trades we do in my trading Substack are spreads, where the maximum possible gain and loss are pre-defined, What I do in those cases is open a GTC order to exit at about 95% of the spread, and lower that price, if necessary, as the expiration date approaches. Here are a couple of examples of me doing this trading Nvidia options.&nbsp;
<ol>
<li>Call spread on&nbsp;Nvidia&nbsp;(<a href="https://substack.com/discover/stocks/NVDA">NVDA 6.15%↑</a>). Entered at a net debit of $2.10 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-earnings-2202024">2/20/2024</a>; exited at a net credit of $4.74 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-earnings-2202024/comment/50106618">2/22/2024</a>.&nbsp;Profit: 126%.</li>
<li>Call spread on&nbsp;Nvidia&nbsp;(<a href="https://substack.com/discover/stocks/NVDA" target="_blank" rel="noreferrer noopener">NVDA&nbsp;0.00%↑</a>). Entered at a net debit of $3 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-earnings-5212024">5/21/2024</a>; exited at a net credit of $9.45 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-earnings-5212024/comment/57115778">5/23/2024</a>.&nbsp;Profit: 215%.</li>
</ol>
Those were both earnings trades. The spread between the strike prices on the first one was $5, and on the second one, $10. I placed the second trade after I started my current practice of aiming for ~200% gains on options spreads.
</blockquote>
And then I detailed when I&#8217;d place an earnings trade on the stock again:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><h3 class="wp-block-heading">When I&#8217;d Place A Bullish Options Trade On Nvidia Again</h3>
I&#8217;d like to see a slightly better valuation on Nvidia with the stock still showing strong technicals. Let&#8217;s quantify that. Currently, according to&nbsp;<a href="https://www.chartmill.com/home?a=221937">Chartmill</a>&nbsp;data, here&#8217;s what Nvidia looks like on three specific metrics (all of these are on range from 0 to 10, with 10 being the best):
<ul>
<li>Technical Rating: 9</li>
<li>Set-up Rating: 2</li>
<li>Valuation Rating: 5</li>
</ul>
The technical and valuation ratings are self-explanatory; the set-up rating measures the short-term consolidation of share prices. Here&#8217;s what I&#8217;d like to see before I place my next bullish options trade on Nvidia:&nbsp;
<ul>
<li>Technical Rating: 6 or greater.&nbsp;</li>
<li>Set-up Rating: 6 or greater.</li>
<li>Valuation Rating: 6 or greater.&nbsp;</li>
</ul>
I set up an alert to notify me when Nvidia meets all three of those criteria. At that point, I&#8217;ll investigate it further, and if it looks promising, I&#8217;ll place another bullish bet on it.
</blockquote>
Checking Chartmill intraday Wednesday, Nvidia&#8217;s valuation rating had slid to 4 out of 10. That was enough for me to avoid placing a bullish bet on the stock.&nbsp;
I considered placing a bearish bet, but I figured the stock&#8217;s earnings would be close to Wall Street&#8217;s estimates, and so likely not bad enough to move the stock sufficiently for a profitable exit on Thursday. from a bearish pre-earnings trade.&nbsp;
<h3 class="wp-block-heading">Good News For Supermicro On Nvidia&#8217;s Call&nbsp;</h3>
Regular readers may recall we (my subscribers and I) placed a couple of bullish bets on&nbsp;Super Micro Computer, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) on Monday.&nbsp;
<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">Looks like that was nice timing on our part. <a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> <a href="https://t.co/23TxPDs25U">pic.twitter.com/23TxPDs25U</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1858666838831309300?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
I had mentioned two catalysts for Supermicro this week:&nbsp;
<ol>
<li>The company hiring another auditor and submitting a plan to avoid delisting.&nbsp;</li>
<li>Nvidia&#8217;s conference call.&nbsp;</li>
</ol>
Now that second catalyst has hit, as Nvidia CEO Jensen Huang mentioned Supermicro as a current partner during Wednesday&#8217;s earnings call. SMCI shares spiked about 5% after hours on that news.&nbsp;
<h3 class="wp-block-heading">Time To Hedge MicroStrategy&nbsp;</h3>
As we near the end of the year, owning&nbsp;MicroStrategy, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares has turned out to be a great way to play Bitcoin this year, far better than owning Bitcoin itself, or Bitcoin miners. Shares of MSTR were up 650% year-to-date, as of Wednesday&#8217;s close.&nbsp;
At this point, MicroStrategy longs may want to consider adding some downside protection. The optimal collar in the TikTok video below will hedge them against a greater-than-18% decline between now and late February. That should cover any potential bearish news coming in the wake of President Trump&#8217;s inauguration (such as difficulties in confirming some of his crypto-friendly appointees).&nbsp;
<figure class="wp-block-embed is-type-video is-provider-tiktok wp-block-embed-tiktok"> 
<div class="wp-block-embed__wrapper">
<blockquote class="tiktok-embed" cite="https://www.tiktok.com/@dpinsen/video/7439492072140262686" data-video-id="7439492072140262686" data-embed-from="oembed" style="max-width:605px; min-width:325px;"> <section> <a target="_blank" title="@dpinsen" href="https://www.tiktok.com/@dpinsen?refer=embed">@dpinsen</a>
Getting Paid To Hedge MicroStrategy <a title="btc" target="_blank" href="https://www.tiktok.com/tag/btc?refer=embed">#BTC</a> $MSTR
 <a target="_blank" title="♬ Akhnaten, Prelude (Refrain, Verse 1, Verse 2) - Philip Glass" href="https://www.tiktok.com/music/Akhnaten-Prelude-Refrain-Verse-1-Verse-2-6984579158852519938?refer=embed">♬ Akhnaten, Prelude (Refrain, Verse 1, Verse 2) &#8211; Philip Glass</a> </section> </blockquote>
<script async src="https://www.tiktok.com/embed.js"></script></div>
</figure>
That clip used the Portfolio Armor iPhone app to scan for an optimal collar on MSTR; you can download that app by clicking on the QR code below, or aiming your iPhone camera at it.&nbsp;
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20233949/QR-Code-6.jpg" alt="" class="wp-image-3479" /></a></figure>
If you would like a heads up when we place our next trade, feel free to subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20234204/Widget-6.jpg" alt="" class="wp-image-3481" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20234204/Widget-6.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/20234204/Widget-6-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

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The Post That Just Saved Us Money On Nvidia

Morgan Stanley analyst Simeon Gutman maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Equal-Weight and raises the price target from $90 to $98.

News

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on BJ's Wholesale Club, Raises Price Target to $98

Keybanc analyst Eric Heath maintains Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) with a Overweight and raises the price target from $220 to $245.

Keybanc Maintains Overweight on Zscaler, Raises Price Target to $245

<h4>Key Takeaways:</h4>
<ul>
<li>The company&rsquo;s revenues surged 472% to 260 million yuan in the first half of this year</li>
<li>Income from autonomous driving products rocketed to 60% of overall revenue in the half-year period</li>
</ul>
By Lee Shih Ta
In the increasingly crowded self-driving space, one company is taking a less travelled route to success.
While many developers of automated driving systems are targeting the passenger market,&nbsp;CiDi Inc.&nbsp;is making inroads into the commercial transport sector via the mining industry.
Based in the Hunan city of Changsha, CiDi supplies automated truck fleets for excavation sites and is now taking the proposition to the stock market, filing for an IPO at the Hong Kong Stock Exchange, sponsored by CICC, China Securities and Ping An of China Capital (Hong Kong).
<h3>Celebrated Founder</h3>
The company was founded in 2017 by a team including Li Zexiang, one of the driving forces behind the drone powerhouse DJI Technology. The former professor and his student prodigy Frank Wang were the brains behind DJI, where Li provided early financing and served as board chairman before setting up his new automotive technology venture, CiDi.
Formerly known as Changsha Intelligent Driving Research Institute, the company has become a leading provider of autonomous driving technology for commercial vehicles in China. It focuses on developing driverless trucks for mining and logistics, as well as providing V2X automotive communications systems and perception solutions.
According to the IPO&nbsp;<a href="https://www1.hkexnews.hk/app/sehk/2024/106895/documents/sehk24110700575.pdf">filing</a>,&nbsp;CiDi is the second-biggest provider of autonomous driving technology for commercial vehicles in China with around 8.2% of the market, and it leads the way in self-driving mining trucks with a 36.5% share.
The company supplies driverless vehicles to support mining processes such as drilling, blasting, excavation and haulage, as well as fleet management systems and technology to remotely operate excavators.
Data cited in the prospectus said self-driving trucks vastly outperformed those operated by mine workers, boosting relative mining efficiency by 104%.
By the end of September this year, CiDi had delivered 123 autonomous mining trucks to various quarries and coal mines in Henan, Jiangsu and Hunan, the prospectus said. Meanwhile, indicative orders had been received for 320 autonomous mining trucks and 206 standalone autonomous truck systems.
Aside from mining transportation, the company supplies driverless trucks for other haulage purposes that can navigate between points in closed environments such as industrial sites and logistics parks.
The self-driving automotive business, including mining and logistics trucks, &nbsp;made up just over 60% of total CiDi revenue in the first half of the year.
The company has enjoyed spectacular turnover growth as its autonomated trucking business began to take off. Revenues came in at 77.39 million yuan ($10.70 million) in 2021, dipping to 31.06 million yuan the following year before surging to 130 million yuan in 2023, with a compound annual growth rate of 30.9%.
In the first half of 2024, revenue rocketed 472% to 260 million yuan, propelled by a surge in the autonomous driving business. Revenue from the self-driving segment soared to 160 million yuan from 17.53 million yuan in the same period of last year, taking the share of total turnover to just over 60%.
Despite the healthy top line, the company is still stuck in the red, although losses have lately narrowed. Between 2021 and 2023, its annual non-GAAP adjusted net losses came in at 110 million yuan, 160 million yuan and 140 million yuan. In the first half of this year the loss shrank 9.2% to 59.44 million yuan from 65.43 million yuan in the same period of 2023.
<h3>Heavyweight Backers</h3>
The company has secured eight rounds of financing up to this point, with investors including HongShan, Baidu Venture, Legend Holdings and Hunan Xiangjiang New Area State Owned Capital Investment. CiDi completed a C+ series this February, raising 24 million yuan and obtaining a post-financing valuation above 9 billion yuan. Going into the IPO, the company&rsquo;s founding father, Li Zexiang, still controls 43.63% of the shares.
A focus on the mining industry has proven to be an effective value proposition for CiDi, but this degree of specialization has its downsides. The company faces issues such as a concentrated customer base and limited gross margins.
Between 2021 and 2023, revenue from autonomous driving surged from 6.8 million yuan to 74.42 million yuan, but its gross margin fell from 22.5% to 19.5%. The gross margin for the driverless business only edged up to 16.1% in the first half from 15.6% in the same period of last year.
The latest revenue spurt came largely from within a narrow customer base. In the past three years the autonomous driving customers numbered 14, 8 and 12, with average value per client rising from 486,000 yuan to 3.5 million yuan and 6.2 million yuan. And in the first half of 2024, the average customer value leapt to 39.01 million yuan.
Over the last three financial years, the biggest customers contributed 82.9%, 78.4% and 31.2% of revenue, with the proportion rising back to 58.9% in the first half of this year.
CiDi is the fourth company to file for a Hong Kong IPO under revised rules that widen the admission critera to include loss-making high-tech companies. The other three to take advantage of this Chapter 18C pathway are&nbsp;QuantumPharm&nbsp;(2228.HK),&nbsp;Black Sesame&nbsp;(2533.HK) and Dobot Robotics.
Autonomous driving is still an emerging industry but CiDi seems to have got off to a solid start. From here, investors will be looking for evidence of sustained progress towards the destination of profitability.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

CiDi Sets IPO Course With Its Self-Driving Trucks

Reported November 21: Brazil's Petrobras Approves $111B Strategic Plan For 2025-2029, Including $77B For E&P And $20B For Refining, Transport, And Sales Investments; Strategic Plan Projects 3.2M BOED Production, $45B-$55B In Ordinary Dividends, Up To $10B For Extraordinary Dividends Or Projects, Revises Debt Cap To $75B, And Sets Minimum Cash Level At $6B

Morgan Stanley analyst Brian Nowak maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Equal-Weight and raises the price target from $150 to $180.

EXPE

Morgan Stanley Maintains Equal-Weight on Expedia Group, Raises Price Target to $180

Wells Fargo analyst Joe Quatrochi initiates coverage on ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) with a Overweight rating and announces Price Target of $85.

Initiation

Wells Fargo Initiates Coverage On ON Semiconductor with Overweight Rating, Announces Price Target of $85

Morgan Stanley analyst Meta Marshall maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and raises the price target from $127 to $132.

NTAP

Morgan Stanley Maintains Equal-Weight on NetApp, Raises Price Target to $132

Including Pre-Funded Warrants For Up To 9M Shares,&nbsp;

Offerings

BTAI

BioXcel Therapeutics Prices $7M Public Offering Of 5.6M Shares And Warrants At $0.48 Per Unit; With Proceeds Supporting Neuroscience And Immuno-Oncology Development Efforts

Keybanc analyst Eric Heath maintains Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) with a Overweight and raises the price target from $48 to $57.

RBRK

Keybanc Maintains Overweight on Rubrik, Raises Price Target to $57

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

Cryptocurrency

$BTC

ANIX

Anixa Biosciences Approves Bitcoin Purchase As Treasury Reserve Asset To Diversify Holdings While Continuing Stock Buyback Program To Enhance Shareholder Value

WIIM

CATO

Cato shares are trading lower after the company announced it will suspend its quarterly dividend, citing economic conditions and sales trends.

Morgan Stanley analyst Keith Weiss maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Overweight and raises the price target from $320 to $375.

ADSK

Morgan Stanley Maintains Overweight on Autodesk, Raises Price Target to $375

SCNI

Scinai Immunotherapeutics shares are trading higher after the company reported a year-over-year increase in Q3 EPS results.

Morgan Stanley analyst Keith Weiss maintains Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Equal-Weight and raises the price target from $685 to $730.

INTU

Morgan Stanley Maintains Equal-Weight on Intuit, Raises Price Target to $730

Gap shares are trading higher after the company reported better-than-expected Q3 EPS and sales results. Also, multiple firms raised their respective price targets.

DXLG

Destination XL Group shares are trading lower after the company reported worse-than-expected Q3 financial results

Cathie Wood, CEO of ARK Invest, has shared her insights on the potential impact of a Trump administration on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and decentralized finance (DeFi). Wood believes that the administration could bring much-needed &#8220;regulatory clarity&#8221; to the fintech sector, particularly if&nbsp;Gary Gensler&nbsp;steps down from his position.
What Happened: During a&nbsp;webinar prerecorded on Nov. 15 and published on Friday, Wood discussed how the Trump administration might influence the digital asset revolution, led by Bitcoin. 
&#8220;If Gary Gensler leaves, that is going to open us up to regulatory clarity and probably, given the Trump administration&#8217;s pronouncements over the last few month, give much more focus on digital asset revolution, broadly led by Bitcoin, which they may put in the Treasury&#8217;s strategic reserve,&#8221; she said.
Wood suggested the possibility of adding Bitcoin to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121376/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis">U.S. Treasury&#8217;s strategic reserve</a>, given the current circulation of over 19 million Bitcoin and a cap of 21 million. According to Wood, the government might aim to acquire 1 million Bitcoins over time.
Regarding DeFi, Wood highlighted the potential for peer-to-peer lending to remove intermediaries in financial transactions.&nbsp;Yassin Elmandjra, ARK&#8217;s director of digital assets, noted the accelerating&nbsp;trend of using cryptocurrency for&nbsp;commerce, driven by technological and regulatory advancements.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42097462/dogecoin-millionaire-shares-50-million-meme-coin-strategy-for-2025-pepe-brett-are-this-bull-runs-doge-shiba-inu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Millionaire&#8217; Shares $50 Million Meme Coin Strategy For 2025: Pepe, Brett Are This Bull Run&#8217;s DOGE, Shiba Inu</a>
Elmandjra stressed the importance of governments establishing clear regulations on compliance, tax implications, and consumer protection to enable businesses to navigate the evolving landscape effectively.
Why It Matters: Wood&#8217;s predictions come amidst her ambitious price targets for Bitcoin, including a bull case of $3.8 million if more companies incorporate the cryptocurrency into their balance sheets. However, a recent&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122886/cathie-woods-3-8-million-bitcoin-vision-met-with-doubt-83-say-not-by-2030">Benzinga survey&nbsp;revealed</a> skepticism, with 83% of respondents doubting this target will be met by 2030.
Additionally, ARK Invest has identified an &#8220;uptrend&#8221; in <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41352094/cathie-woods-ark-invest-says-uptrend-developing-in-bitcoins-market-structure-because-of-th">Bitcoin&#8217;s market structure</a>, attributed to oversold conditions in the Stablecoin Supply Ratio Oscillator (SSRO). This indicator, which measures Bitcoin&#8217;s potential purchasing power, hit a significant low in September, a level not seen since the 2022 bear market. The SSRO is calculated by dividing Bitcoin&#8217;s supply by the supply of major stablecoins, providing insights into Bitcoin&#8217;s market dynamics.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro,</a> at 8:03 am ET, Bitcoin was trading at $98,764.01, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) at $3,345.98 and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) was at $0.4045. In the past 14 days, post the elections, Bitcoin&#8217;s value experienced 29.9% increase, Ethereum increased by 14.7% and Dogecoin saw a 105.5% hike. 
Meanwhile, ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>), which provides exposure to bitcoin which is kept in cold storage was trading only slightly higher at 0.58% during pre-market hours.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42052184/will-shiba-inu-coin-reach-1-cent-by-2025-47-of-benzinga-readers-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Will Shiba Inu Coin Reach 1 Cent By 2025? 47% Of Benzinga Readers Say…</a></li>
</ul>
Disclaimer: 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.
Image courtesy: ArkInvest

$DOGE

$ETH

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Ark Invest's Cathie Wood Says Team Trump Would Give 'Regulatory Clarity' For Bitcoin And Other Digital Assets: '...Which They May Put In The Treasury's Strategic Reserve'

BENF

BEneficient shares are trading higher after the company announced its stockholder equity figure now likely meets Nasdaq's minimum requirement and will regain compliance status.

EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) saw its shares rise in premarket trading on Friday following the announcement of a new share repurchase program.
The company&#8217;s Board of Directors has approved the repurchase of up to $30 million worth of American Depositary Shares (ADSs) or ordinary shares over the next 12 months.
Huazhi Hu, Founder, Chairman, and CEO of EHang, highlighted that the repurchase program reflects the company&#8217;s belief in its future potential and its commitment to delivering value to shareholders.
He emphasized EHang&#8217;s focus on advancing its leadership in providing safe, pilotless, and sustainable electric Vertical Take-Off and Landing (eVTOL) solutions within the rapidly growing Urban Air Mobility (UAM) sector.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42133364/us-stocks-on-edge-but-likely-to-end-the-week-in-the-green-trumps-treasury-pick-in-focus-expert-says-case-for-fed-pause-in-december-getting-stronger" rel="noreferrer noopener">US Stocks Set To Open Lower On Friday As Investors Eye Cyclical Stocks: Trump&#8217;s Treasury Pick In Focus, Expert Says Case For Fed Pause In December&#8217; Getting Stronger&#8217;</a>
&#8220;Looking ahead, we remain focused on advancing our leadership in providing safe, pilotless, and sustainable eVTOL solutions in the Urban Air Mobility sector, while maintaining a disciplined approach to capital allocation to ensure sustainable growth and profitability,&#8221; Hu said.
In a related development, EHang recently unveiled a new UAM Hub at <a target="_blank" href="https://www.benzinga.com/news/small-cap/24/11/41948048/ehang-expands-evtol-infrastructure-new-uam-hub-powers-up-future-of-autonomous-flights" rel="noreferrer noopener">Luogang Central Park in Hefei, Anhui Province, China</a>.
This marks the second vertiport in the region, following the opening of the UAM Operations Center earlier this year. The Hub is designed to support the operation of EHang&#8217;s EH216-S pilotless passenger drones, which play a central role in the company&#8217;s expanding efforts in the eVTOL market. The new facility, named &#8220;Ascend,&#8221; features a distinctive upward spiral design, symbolizing the growth of the low-altitude economy in the region.
This infrastructure milestone strengthens EHang&#8217;s partnership with Hefei City, helping to advance the commercial use of eVTOL aircraft in Eastern China.
Price Action: EH shares are trading higher by 1.96% to $13.55 premarket at last check Friday.
Image: Shutterstock/ bangoland
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead" target="_blank" rel="noreferrer noopener">Bitcoin&#8217;s Path To $100K &#8216;Inevitable&#8217; But Crypto Community Is &#8216;Leveraged To The Gills,&#8217; Warns Galaxy&#8217;s Mike Novogratz, Predicts Correction To $80K Ahead</a></li>
</ul>

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What's Going On With EHang Stock Today?

Webuy Global Ltd. (WBUY) has released an update. Webuy Global Ltd. has entered into a Securities Purchase Agreement with Lind Global Fund II LP, ma...

Webuy Global Enters Key Investment Agreement

Webuy secures $2M debt financing convertible at premium to current market price

Webuy Global files for secondary common stock offering

Webuy Global HY gross profit jumps 253% to $2.6M; stock rises

Webuy Global Ltd. (WBUY) has released an update. Webuy Global Ltd. reports a 15.4% increase in revenue for the first half of 2024, driven by a nota...

Webuy Global Reports Revenue Growth Amidst Net Loss

&nbsp;&nbsp;Webuy Global Ltd reports 1H results

Warning: WBUY is at high risk of performing badly

Webuy Global Ltd. (WBUY) has released an update. Webuy Global Ltd. has announced its annual general meeting for December 18, 2024, where shareholde...

Webuy Global Ltd. to Vote on Key Proposals

The company may offer, from time to time, in one or more offerings, Class A ordinary shares, share purchase contracts, share purchase units, warran...

Webuy files $100M mixed securities shelf

Webuy Global files for mixed shelf offering

WBUY

Press Releases

Presenting on the Emerging Growth Conference 70 Day 2 on May 9 Register Now

Webuy Launches Travel Business in Indonesia

Webuy Announces Strategic Expansion into Insurance Referral Program

Webuy Announces Entry into the Nutraceutical and Longevity Markets with the Launch of Flagship Brand NEONE: A Premium Health Supplement

Webuy Announces the Launch of its Sing Select Gift  Series—a New Line of Premium Gift Sets

Webuy Receives Extension to Regain Compliance  with Nasdaq's Minimum Bid Requirements

Webuy Secures $2 Million Debt Financing Convertible at a Premium to the Current Market Price; Potential to Receive an Additional $4.0 Million Upon Mutual Agreement of the Parties

Webuy Achieves Record $2.9 Million in Sales  within Just Three Days at NATAS Fair 2024

Webuy Global Reports Record Revenue and 253% Increase in Gross Profit for the First Half of 2024

"Stocks Under $1 Gaining Momentum: WBUY, KAVL, OMEX, PRTG, RJDG – Driving Innovation, Market Trends, and Growth Potential"

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