Thursday's after-hours trading is buzzing with stocks showing strong momentum. As markets shift, investors should watch these key players making strides across industries. Here's a quick look at recent movers:
Peraso Inc. (NASDAQ: PRSO) continues to gain traction with investors after securing a major military contract for its Perspectus module, which utilizes advanced 60 GHz mmWave RF technology to improve battlefield communications. Peraso’s expansion into Asia, with high-speed internet systems for Korean trains and a wireless internet provider in Kenya, has further boosted global growth prospects. Benchmark's recent “Buy” rating and $4 price target underscore the long-term potential of its technology across military and commercial sectors, particularly the expanding Fixed Wireless Access (FWA) market. Read entire report.
News Just In: Power Nickel Inc. (TSXV: PNPN) (OTCQB: PNPNF) reports its "Biggest Intersection Yet – Major Advancements at Lion Zone"! Power Nickel’s summer drilling program at the Lion Zone in Quebec has delivered impressive results, with 10 of 12 drill holes intercepting sulphide mineralization, expanding the high-grade zone by 150 meters. CEO Terry Lynch highlighted the Lion Zone’s growth to 350 meters laterally and 450 meters vertically. With ongoing ground-based geophysics and new targets expected by mid-October, Power Nickel is positioning itself as a potential world-class polymetallic discovery, making it a stock to watch closely. Read the full release now!
MicroAlgo Inc. (NASDAQ: MLGO), in collaboration with WiMi (NASDAQ: WIMI), has launched a micro-consciousness quantum research center, integrating quantum theory, AI, and neuroscience. With WiMi holding a 48% stake and limited institutional ownership, MicroAlgo remains under the radar but may soon gain attention, particularly with its focus on brain-computer interfaces and AI technologies.
Agora, Inc. (NASDAQ: API) shares skyrocketed during Wednesday’s session, reaching a new 52-week high of $6.23 before closing at $4.94, up an impressive 79.94%. With after-hours trading continuing the upward trend, this surge was driven by massive, short covering. Following its Q2 2024 revenue report of $34.2 million—a modest increase from $34.0 million in Q2 2023—the stock had been consolidating through September but has now broken out, signaling it as a must-watch stock for investors looking to capitalize on the momentum.
AGBA Group (NASDAQ: AGBA) successfully completed its forward split and began trading under the new structure today, Tuesday, October 2, 2024, closing up 29.39% with a trading volume of 2,188,755 shares. This forward split is the first of two final steps before the merger's completion. In the next phase, the company will rebrand as "Triller Group Inc." with the new trading symbol NASDAQ: ILLR. The split highlights the significant value that AGBA's board and management have already delivered and will continue to contribute to the combined company.
As these stocks above are making significant strides, they have caught the eye of investors through technological advancements, strategic acquisitions, or strong financial performance and are poised for continued growth. Also see four additional stocks to Watch today, Friday October 4, 2024:
Today’s special movers to watch include Phoenix Motor Inc. (NASDAQ: PEV), gaining attention for its innovative electric vehicle solutions, and noco-noco Inc. (NASDAQ: NCNC), a company driving advancements in carbon reduction technologies. Beneficient (NASDAQ: BENF) stands out for its unique financial services platform, while Vicinity Motor Corp. (NASDAQ: VEV) continues to make waves in the electric vehicle industry with its cutting-edge transit solutions. Keep an eye on these stocks.
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