NanoVibronix Surges After Revealing Positive Results For UroShield
NanoVibronix, Inc. (NAOV) shares are trading more than 36 percent on Wednesday morning trade after the company announced positive outcomes from a study of UroShield that was conducted at the University of Southampton in the United Kingdom.
UroShield can generate ultrasonic waves and is designed to prevent biofilm formation, decrease bacterial infection, urinary track infection or UTI, reduce catheter pain and discomfort and increase antibiotic efficacy.
Brian Murphy, CEO said, “We are pleased to learn that through an independent study, researchers witnessed positive outcomes from the use of UroShield both in the lab and with patients. Quantitative data from the research indicated a positive effect of UroShield on catheter-associated urinary tract infections and catheter blockage with approximately one-third of patients in the study citing a reduction in the frequency of catheter blockages and the need for unscheduled catheter challenges”
Currently,shares are at $3.30, up 123.91 percent from the previous close of $1.47 on a volume of 21,994,660.
Brookfield Real Assets Stock Down 19%
Shares of Brookfield Real Assets Income Fund Inc. (RA) are slipping over 19% on Wednesday morning. The company announced distribution rate and declared monthly distributions.
RA is currently trading at $13.66, down $3.22 or 19.08%, on a volume of 3.1 million shares, above average volume of 193 thousand, on the NYSE. The stock is trading at $12.62 after closing Tuesday’s trading at $16.88. The stock has traded between $12.34 and $19.57 in the past 52-week period.
Brookfield Real Assets Income Fund announced that its Board of Directors declared the Fund’s monthly distributions for October, November and December 2023. The Fund will reset its monthly distribution from $0.1990 per share to $0.1180 per share.
Marathon Digital Continue To Slip
Marathon Digital Holdings, Inc. (MARA) shares are sliding more than 5 percent on Wednesday morning trade continuing a bearish trend for the last several days. There have been no corporate announcements today to hurt the stock movement.
Currently, shares are at 12.89, down 5.70 percent from the previous close of $13.68 on a volume of 14,389,278.
Meta Launches WhatsApp App For Mac Users To Support Group Calls
Meta has launched an updated WhatsApp app for Mac users that allows them to join ongoing group calls, connecting with up to eight people on video calls and up to 32 people on audio calls.
The new version allows users to join a group call after it’s started, see call history and choose to receive incoming call notifications even when the app is closed.
The app is redesigned to be familiar to Mac users, helping to get more done faster when using WhatsApp on a large screen. Users can now share files by easily dragging and dropping into a chat, and can view more of their chat history.
As with WhatsApp on any device, WhatsApp for Mac keeps personal messages and calls private across devices with end-to-end encryption. The new app is available to download now from WhatsApp.com and coming soon to the App Store.
Earlier this year, Meta had introduced a new WhatsApp app for Windows desktop.
European Economic News Preview: Germany Flash Inflation Data Due
Flash inflation from Germany and mortgage approvals from the UK are due on Wednesday, headlining a busy day for the European economic news.
At 2.00 am ET, the European Automobile Manufacturers’ Association publishes new car registrations data.
In the meantime, Destatis is scheduled to release Germany’s import price data. Economists forecast import prices to fall 12.9 percent annually in July after a 11.4 percent drop in June.
At 3.00 am ET, Spain’s INE is set to publish consumer and harmonized prices for August. Consumer price inflation is seen at 2.6 percent compared to 2.3 percent in July.
Also, business sentiment from Sweden and KOF leading indicator from Switzerland are due.
At 4.00 am ET, business and consumer sentiment survey results are due from Italy. The consumer sentiment index is seen falling to 105.6 in August from 106.7 in July.
Half an hour later, the Bank of England releases mortgage approvals data for July. The number of mortgage approvals is expected to decrease to 51,000 from 54,662 in the previous month.
At 5.00 am ET, the European Commission publishes euro area economic sentiment data. The economic confidence index is expected to drop to 93.7 in August from 94.5 in July.
At 8.00 am ET, Germany’s flash consumer and harmonized prices data is due. Economists forecast consumer price inflation to slow to 6.0 percent in August from 6.2 percent in July.
DBGI Stock Surges 52%
Shares of Digital Brands Group Inc. (DBGI) are soaring over 55% Wednesday morning, and are currently trading at $12.85, up $4.41 or 52.31%, with a trading volume of over 3.94 million versus an average volume of over 38K shares. The stock has been trading between $7.34 and $375.00 for the past one year.
On August 21, the company announced a 1-for-25 reverse stock split of its common stock, par value $0.0001 per share, effective August 22, 2023, pursuant to the vote of its shareholders on August 21, 2023.
DBG stated that its Common Stock will continue to trade on The Nasdaq Capital Market under the existing symbol “DBGI”. The stock began trading on a split-adjusted basis on August 22, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split is 25401N 408.
MasterCraft Boat Shares Falls After Q1, FY24 Guidance Misses Estimates
Shares of MasterCraft Boat Holdings, Inc. (MCFT) are down 12% on Wednesday after the company issued first-quarter and full-year earnings per share and revenue guidance below Street estimates.
MCFT is trading on the Nasdaq at $21.90, down 12.26% or $3.06 per share. It has traded between $18.49 and $35.29 in the past 52-week period.
For the first quarter, the company expects earnings of $0.41 per share and revenues of $98 million, lower than the estimated earnings of $0.95 per share and revenues of $133.58 million.
For the full year 2024, the company expects earnings in the range of $1.46 – $1.88 per share and revenues in the range of $390 million – $420 million. This falls short of the estimated earnings of $3.94 per share and revenues of $569.27 million.
For the fourth quarter, the company reported a net income of $22.7 million or $1.30 per share for the quarter, compared to last year’s profit of $11.8 million or $0.63 per share.
On an adjusted basis, it reported income of $23.9 million or $1.37 per share, compared to the income of $34.8 million or $1.92 per share the prior year.
Analysts on average had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters.
Revenue increased to $166.6 million from $197.2 million the previous year. It beat the consensus estimate of $162.08 million.