Dernières nouvelles pour Super Group (SGHC) (NYSE:SGHC) Stock

Super Group (SGHC)

Super Group (SGHC) Ltd is a holding company that operates global online sports betting and gaming businesses. The company has two reportable segments, namely Betway and Spin. The majority of the company's revenue comes from the Betway segment, which is a single-brand online sportsbook business with a global reach. Betway has formed strategic partnerships with teams and leagues across the world and recovers sponsorship marketing spend through brand license agreements. The Betway segment generates the majority of the company's revenue.

Super Group (SGHC) Limited Ordinary Shares

Super Group (SGHC) Ltd

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Kohls Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)</h3>
<ul>
<li>On Nov. 26, Kohl&#8217;s shares are trading lower after the company reported worse-than-expected third-quarter results, cut its FY24 EPS guidance, and projected a net sales decrease of 7%-8%. Tom Kingsbury, Kohl's chief executive officer, said, "Our third quarter results did not meet our expectations as sales remained soft in our apparel and footwear businesses. Although we had a strong collective performance across our key growth areas, including Sephora, home decor, gifting, and impulse, and also benefited from the opening of Babies "R" Us shops in 200 of our stores, these were unable to offset the declines in our core business." The company's stock fell around 20% over the past month and has a <a href="https://www.benzinga.com/quote/KSS">52-week low of $14.22</a>.</li>
<li>RSI Value: 26.35&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>KSS Price Action: Shares of Kohls fell 17% to close at $15.22 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112724&amp;t=be2bearmibe3na1">latest KSS news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063354/image-287.png" alt="" class="wp-image-667133" style="width:647px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063354/image-287.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063354/image-287-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063354/image-287-768x713.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Nov. 6, Honda Motor reported a decline in the first-half profit and lowered its annual profit forecast. The company reported the first half of FY24 revenue growth of 12.4% year over year 10.798 trillion yen ($69.9 billion), while profits declined 19.7% to 494.6 billion Yen ($3.20 billion). The company's stock fell around 17% over the past month and <a href="https://www.benzinga.com/quote/HMC">has a 52-week low </a>of $25.57.</li>
<li>RSI Value: 25.03</li>
<li>HMC Price Action: Shares of Honda fell 3% to close at $25.87 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112724&amp;t=be2bearmibe3na1">HMC stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="923" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063503/image-288.png" alt="" class="wp-image-667139" style="width:762px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063503/image-288.png 923w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063503/image-288-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063503/image-288-768x701.png 768w" sizes="(max-width: 923px) 100vw, 923px" /></a></figure>
<h3 class="wp-block-heading">PDD Holdings Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>)</h3>
<ul>
<li>On Nov. 21, PDD Holdings reported worse-than-expected third-quarter financial results. PDD reported fiscal third-quarter 2024 revenue growth of 44% year-on-year to $14.16 billion (68.84 billion Chinese yuan), missing the analyst consensus estimate of $14.47 billion. The company's stock fell around 21% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/PDD">low of $88.01.</a></li>
<li>RSI Value: 29.89</li>
<li>PDD Price Action: Shares of PDD fell 1.4% to close at $99.31 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112724&amp;t=be2bearmibe3na1">breakout in PDD shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063612/image-289.png" alt="" class="wp-image-667140" style="width:744px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063612/image-289.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063612/image-289-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27063612/image-289-768x719.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

Top 3 Consumer Stocks That Are Set To Fly In Q4

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) with a Buy and maintains $180 price target.

Price Target

Reiteration

Analyst Ratings

AXSM

HC Wainwright & Co. Reiterates Buy on Axsome Therapeutics, Maintains $180 Price Target

Needham analyst Mike Cikos maintains Nutanix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) with a Buy and raises the price target from $80 to $90.

NTNX

Needham Maintains Buy on Nutanix, Raises Price Target to $90

K'alo-Stantec has been selected by the Government of the Northwest Territories (GNWT) Department of Infrastructure to continue completing the environment assessment and secure necessary regulatory authorizations for the proposed Mackenize Valley Highway (MVH). K'alo-Stantec has a long-term relationship with GNWT and has been key in maintaining the continuity of advancing the MVH project.
The project will establish a critical transportation corridor into Canada's Arctic, connecting three communities-Wrigley, Tulita, and Norman Wells-by replacing a 320-kilometre winter road with an all-season road.

Contracts

K'alo-Stantec Selected To Provide Environmental Consulting Services For Mackenzie Valley Highway

Needham analyst Mike Cikos maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and raises the price target from $360 to $420.

CRWD

Needham Maintains Buy on CrowdStrike Holdings, Raises Price Target to $420

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has accelerated progress on its advanced 2-nanometer fab in Kaohsiung. The company held an equipment installation ceremony six months before schedule, reflecting its efforts to meet the global demand for advanced chips.
Kaohsiung Mayor Chen Chi-mai highlighted the milestone during a city council Q&amp;A session, noting the facility&#8217;s potential to boost artificial intelligence (AI) applications and stimulate industrial transformation in the region, Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/front/archives/2024/11/27/2003827547" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42195174/spotify-introduces-marketing-tools-for-audiobook-authors" rel="noreferrer noopener">Spotify Introduces Marketing Tools For Audiobook Authors</a>
The chipmaker plans to establish four additional fabs in Kaohsiung, complementing its existing 3-nanometer and 5-nanometer facilities. According to Mayor Chen, these developments aim to form one of the most valuable semiconductor clusters globally. Several material, equipment, and parts suppliers have also set up operations in the city, further strengthening the ecosystem.
Taiwan Semiconductor confirmed to the Taipei Times that its 2-nanometer technology is on track for mass production next year, with performance and yield already meeting or exceeding expectations. The chipmaker is constructing a similar production line at its Hsinchu facility.
Chairman and CEO C.C. Wei recently told investors that demand for 2-nanometer technology has exceeded expectations, surpassing even the 3-nanometer capacity.
The chips are slated for smartphones and high-performance computing, with Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) expected to adopt them early.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27041315/newplot-14.png" alt="" class="wp-image-666951" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27041315/newplot-14.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27041315/newplot-14-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
<a target="_blank" href="https://www.benzinga.com/media/24/11/42168509/amd-teams-up-with-taiwan-semi-to-take-on-samsung-in-smartphone-market" rel="noreferrer noopener">Recent reports indicated</a> AMD leveraging Taiwan Semiconductor&#8217;s 3nm process to foray into the smartphone market, eying flagship devices like Samsung&#8217;s models.
Taiwan Semiconductor is also preparing capacity for <a target="_blank" href="https://www.benzinga.com/24/11/42060003/taiwan-semiconductors-us-subsidy-boosts-a16-tech-production-in-arizona" rel="noreferrer noopener">its A16 chips</a>, which are in high demand for AI server applications. Wei emphasized the company&#8217;s commitment to scaling 2-nanometer and A16 production to meet customer needs.
The chipmaker targets <a target="_blank" href="https://www.benzinga.com/24/11/42116366/taiwan-semiconductor-plans-new-factories-annually-boosting-domestic-chip-production" rel="noreferrer noopener">capital expenditures of</a> $34 billion—$38 billion in 2025 to meet demand for advanced semiconductor manufacturing.
Price Action: TSM stock is down 1.06% at $181.89 premarket at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42193222/orange-taps-openai-meta-to-create-ai-that-speaks-african-languages" target="_blank" rel="noreferrer noopener">Meta, OpenAI, Orange Join Forces To Build AI Models For African Languages</a></li>
</ul>
Photo by wakamatsu.h via Shutterstock.

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Tech

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AAPL

Taiwan Semiconductor Ramps Up 2nm Production: Apple And AMD First In Line

GSK's fully liquid Menveo meningococcal vaccine approved by European Commission
●
New fully liquid presentation means reconstitution is not needed before use
●
Formulation supports simplification of vaccination process against invasive meningococcal disease (IMD)

GSK's Fully Liquid Menveo Meningococcal Vaccine Approved By European Commission

Needham analyst David Saxon reiterates Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) with a Hold.

Needham Reiterates Hold on Cooper Companies

Needham analyst Mike Matson reiterates Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Hold.

Needham Reiterates Hold on Boston Scientific

QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.18 by 33.33 percent. The company reported quarterly sales of $115.48 million which missed the analyst consensus estimate of $135.22 million by 14.60 percent. This is a 3.06 percent decrease over sales of $119.13 million the same period last year.

Earnings

QuantaSing Group Q1 2025 Adj EPADS $0.24 Beats $0.18 Estimate, Sales $115.48M Miss $135.22M Estimate

Stephens &amp; Co. analyst Andrew Terrell initiates coverage on Plumas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBC#NASDAQ">PLBC</a>) with a Overweight rating and announces Price Target of $60.

Initiation

PLBC

Stephens & Co. Initiates Coverage On Plumas with Overweight Rating, Announces Price Target of $60

On Tuesday, November 26th, U.S. markets ended higher, with tech stocks rebounding as investors weighed Fed minutes signaling policy uncertainty and Trump&#8217;s new tariff threats. Automakers Ford and GM saw declines due to fears of rising supply chain costs and trade tensions.
In economic data, the S&amp;P Case-Shiller index rose 4.6% year over year in September, down from 5.2% in August. Meanwhile, new single-family home sales in the U.S. dropped 17.3% in October to an annualized rate of 610,000.
The majority of S&amp;P 500 sectors rose, led by utilities, communication services, and consumer discretionary, while energy and materials fell.
The Dow Jones Industrial Average was up 0.28% and closed at 44,860.31, the S&amp;P 500 gained 0.57% to 6,021.60, and the Nasdaq Composite rose 0.63% to finish at 19,174.30.
Asia Markets Today
On Wednesday, Japan&#8217;s Nikkei 225 declined 0.78% and ended the session at 38,111.50, led by losses in the Shipbuilding, Paper &amp; Pulp, and Chemical, Petroleum &amp; Plastic sectors.
Australia&#8217;s S&amp;P/ASX 200 gained 0.57% and ended the day at 8,406.70, led by gains in the Gold, Consumer Discretionary, and Telecoms Services sectors.
India&#8217;s Nifty 50 rose 0.35% to 24,278.20, and Nifty 500 gained 0.59%, closing at 22,696.15, led by gains in the Power, Capital Goods, and Public Sector Undertakings sectors.
China&#8217;s Shanghai Composite gained 1.53% to close at 3,309.78, and the Shenzhen CSI 300 rose 1.74%, finishing the day at 3,907.04.
Hong Kong&#8217;s Hang Seng was up 2.32% and closed the session at 19,603.13.
Eurozone at 05:30 AM ET
The European STOXX 50 index was down 0.85%.
Germany&#8217;s DAX fell 0.52%.
France&#8217;s CAC declined 1.23%.
FTSE 100 traded higher by 0.12%.
Commodities at 05:30 AM ET
Crude Oil WTI was trading higher by 0.29% at $68.96/bbl, and Brent was up 0.25% at $72.50/bbl.
Oil prices steadied as markets assessed an Israel-Hezbollah ceasefire and anticipated OPEC+ delaying output hikes.
Natural Gas slid 4.27% to $3.319.
Gold was trading higher by 1.05% at $2,673.40, Silver was up 0.33% to $30.935, and Copper rose 0.98% to $4.1578.
U.S. Futures at 05:30 AM ET
Dow futures declined 0.08%, S&amp;P 500 futures were down 0.17% and Nasdaq 100 futures slid 0.33%.
Forex at 05:30 AM ET
The U.S. Dollar Index fell 0.53% to 106.45, USD/JPY was down 1.12% at 151.37 and USD/AUD slid 0.14% to 1.5425.
The U.S. dollar dropped to a one-week low as markets digested Trump&#8217;s tariff pledges and prepared for month-end rebalancing, while the yen strengthened on expectations of rate hikes.
Photo by Pavel Bobrovskiy via Shutterstock.

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IEMG

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PowerShares DB US Dollar Index Bullish Fund

Asia Mostly In Green, Europe Markets Decline; Crude Oil And Gold Rise While Dollar Dips - Global Markets Today While US Slept

The workforce reduction is expected to be substantially completed on December 31, 2024.
In connection with the reduction in workforce, the Company expects to incur a charge of approximately $3.7 million relating to the cash-based expense of the employee severance, benefits, and related costs.
The Company anticipates payments associated with the workforce reduction will be substantially complete by the end of the first quarter of 2025.
On November 22, 2024, Deborah Knobelman, the Company's Chief Financial Officer and Chief Operating Officer, was appointed to serve as President and Interim Chief Executive Officer, effective December 3, 2024. Knobelman will also continue to serve as the Company's Chief Financial Officer and Chief Operating Officer.

Management

KRON

On November 22, Kronos Bio Board Approved Approximately 83% Reduction In Its Workforce; Norbert Bischofberger Resigns As President And CEO, Effective December 3, 2024 - Filing

In a notable rebound, MicroStrategy Inc. experienced an 8.03% rise in pre-market trading on Wednesday following the slow recovery of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). This comes after a significant 12.33% drop and closing at $353.69 the previous day, as per <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
What Happened: On Wednesday, at 6:00 AM ET, Bitcoin was trading around $93,789.55 after dropping to $92,000 levels on Tuesday. Consecutively, MicroStrategy, with a holding of 386,700 Bitcoins valued at $35.4 billion, experienced an upward tick in its pre-market activity.
The company, under the leadership of CEO Michael Saylor, has been a focal point of market speculation due to a 23.64% decline in its stock over the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42208320/michael-saylors-microstrategy-plunges-23-in-5-sessions-while-bitcoin-slips-under-6-gary-black-quips-dont-say-i-didnt-warn-you">past five sessions.</a> This period also saw a 5.52% decrease in Bitcoin.
Analysts are questioning the sustainability of the company&#8217;s strategy which involves borrowing through convertible notes to buy Bitcoin, then selling shares at a premium to reinvest in more Bitcoin.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42173805/bitcoin-dogecoin-dip-ethereum-stays-green-trader-predicts-first-major-btc-correction-only-after-one-key-level-hits?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Stays Green: Trader Predicts &#8216;First Major BTC Correction&#8217; Only After One Key Level Hits</a>
Last week marked a record for retail investment in MicroStrategy, with nearly $100 million invested and trading volume reaching $136 billion, surpassing even Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
Based on the ratings of 12 analysts, MicroStrategy has a consensus price target of $449.5 The high is $690 issued by BTIG on Dec. 11, 2023. The low is $140 issued by Jefferies on Nov. 10, 2022.
The average price target of $563.33 between TD Cowen, Barclays, and Benchmark implies a 41.90% upside for MicroStrategy.
Why It Matters: MicroStrategy&#8217;s <a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them">recent $3 billion offering</a> of 0% convertible senior notes due 2029 has intrigued investors. These notes, offering no interest, were quickly snapped up by institutional buyers, indicating strong market interest despite the lack of traditional returns. The notes&#8217; high conversion rate and potential equity upside have been attractive to investors.
However, the company&#8217;s stock has been under scrutiny. Gary Black of<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42208320/michael-saylors-microstrategy-plunges-23-in-5-sessions-while-bitcoin-slips-under-6-gary-black-quips-dont-say-i-didnt-warn-you"> The Future Fund LLC</a> has raised concerns about MicroStrategy&#8217;s valuation, suggesting it should be significantly lower than its current price. Black&#8217;s analysis points to a potential overvaluation, with a suggested price of $105 per share, which is about 75% lower than its current trading price.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42173367/shiba-inu-burn-rate-soars-487-in-a-day-what-is-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Soars 487% In A Day: What Is Going On?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo by JOCA_PH on Shutterstock

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AMZN

MicroStrategy Surges 8% In Wednesday Pre-Market: What's Going On?

Stephens &amp; Co. analyst Andrew Terrell initiates coverage on Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) with a Overweight rating and announces Price Target of $90.

Stephens & Co. Initiates Coverage On Bank of Hawaii with Overweight Rating, Announces Price Target of $90

Stephens &amp; Co. analyst Andrew Terrell initiates coverage on First Hawaiian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>) with a Equal-Weight rating and announces Price Target of $30.

Stephens & Co. Initiates Coverage On First Hawaiian with Equal-Weight Rating, Announces Price Target of $30

Biotech

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Health Care

BGNE

The European Commission Has Approved BeiGene's Tevimbra (Tislelizumab) In Combination With Chemotherapy For The First-line Treatment Of Esophageal Squamous Cell Carcinoma And Gastric Or Gastroesophageal Junction Adenocarcinoma

<h4>Key Takeaways:</h4>
<ul>
<li>Hesai&rsquo;s third quarter revenue rose 21.1% year-on-year to 540 million yuan ($76.9 million), surpassing the top end of its earlier guidance.</li>
<li>The company could generate $100 million in fourth-quarter revenue and achieve non-GAAP profitability for 2024, hoping it can become the first profitable automotive LiDAR firm</li>
</ul>
By Teri Yu
In the fast-evolving and highly competitive autonomous driving sensor technology market,&nbsp;Hesai Group&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsai#NASDAQ">HSAI</a>) is driving ahead with rapid growth and a clear path toward profitability. As the world&rsquo;s largest supplier of light detection and ranging (LiDAR) technology for automotive and robotic applications, Hesai is capitalizing on its market leadership to advance the mainstream adoption of autonomous and assisted driving technologies and position itself as a sustainable business in the long term.
The company&rsquo;s&nbsp;<a href="https://www.globenewswire.com/news-release/2024/11/25/2987107/0/en/Hesai-Group-Reports-Third-Quarter-2024-Unaudited-Financial-Results.html">third-quarter results</a>, released Tuesday, showcased strong double-digit revenue growth of 21% year-on-year to 540 million yuan ($76.9 million), up from 445.6 million yuan a year earlier, driven by surging demand for its advanced driver assistance system (ADAS) LiDAR products in China. Even more notable, Hesai&rsquo;s shipments soared 183% year-on-year in the latest quarter as the company ramps up partnerships with global automotive giants.
&ldquo;We are thrilled to share that our business continues to thrive and advance on a strong growth path,&rdquo; said David Li, Hesai&rsquo;s co-founder and CEO. &ldquo;This quarter, we have made significant strides in the ADAS market, securing new design wins, partnerships, and development programs with key players.&rdquo;
Hesai&rsquo;s growth story hinges on its ability to combine technical innovation with operational efficiency. Its ADAS LiDAR shipments reached 134,208 units in the third quarter, marking its second consecutive quarter of nearly 50% sequential growth and an increase of 183% year-on-year. Its ADAS LiDAR shipments accounted for 97% of that total, more than tripling to 129,913.
Achieving economies of scale has become one of the biggest challenges for autonomous driving sensor technology companies, which must compete with numerous rivals to convince car makers to use their products in mass-produced models. Hesai is on the road to meeting that goal, and has halved its losses to 70.4 million yuan in the latest quarter from 141.8 million yuan a year earlier.
The company&rsquo;s stock jumped 44% on Tuesday after the announcement.
The race to dominance in the global LiDAR market depends largely on who can partner with the most carmakers, often new energy vehicle (NEV) brands. On that front, Hesai boasts a roster of leading Chinese clients like Li Auto, Baidu and Geely. Its roster of partners expanded further in the third quarter to include SAIC Volkswagen, Leapmotor, a premium EV brand backed by a leading Chinese automotive group, and one of Japan&rsquo;s top-three OEMs, setting the stage for future growth outside its home market.
Hesai is already a dominant automotive LiDAR supplier globally with 37% market share, according to Yole Intelligence. It made additional progress during the quarter on this front by delivering sample products to a leading automotive OEM. The company is also a global leader in Level 4 (L4) autonomous driving LiDAR, which represents near-fully autonomous driving, with 74% market share and nine out of the 10 leading autonomous driving companies from that segment using its products. International sales beyond China account for nearly half of Hesai&rsquo;s revenue with over 47% of sales from international clients last year.
<h3>$100 Million Revenue Milestone</h3>
As Hesai continues to make strong progress, the company is targeting $100 million in revenue for the current quarter, powered by a projected 200,000-unit shipment milestone, which is equivalent to its total shipments in the entire previous year. Hesai is also on the brink of another major milestone, forecasting a net profit of $20 million and positive operating cash flow in the fourth quarter, which would secure full-year profitability on a non-GAAP basis. Such a milestone could pave the way for sustained profitability and growth, a rare achievement in the automotive LiDAR industry.
&ldquo;This anticipated explosive growth underscores our momentum as we drive toward a landmark fiscal year finish, positioning us as the first autonomous LiDAR company worldwide to achieve this remarkable milestone,&rdquo; said Andrew Fan, Hesai&rsquo;s newly appointed CFO.
Hesai is riding the crest of a booming global autonomous driving market that&rsquo;s projected to grow from $1.92 trillion in 2023 to $13.63 trillion by 2030, according to Fortune Business Insights.
The company&rsquo;s LiDAR systems, which use light to gauge the location of objects in ADAS-equipped and self-driving cars, are already being used in a wide range of vehicles from robotaxis to consumer electric vehicles (EVs) and even robotrucks and robo-sweepers.
China is leading the global push for autonomous driving technology with pilot programs across the country already in operation or in planning. For its latest initiative launched in June, the central government selected 20 cities to participate in a pilot program aimed at developing cutting-edge roadside infrastructure and a cloud-based control platform for smart connected vehicles. Most of China&rsquo;s leading autonomous driving companies are using Hesai technology to pursue their goals, including Baidu Apollo, AutoX, and WeRide.
<h3>Outperforming Industry Metrics</h3>
While the global autonomous market is crowded, Hesai outperforms most of its domestic and global peers in terms of key metrics like revenue, gross margin, cash flow and cash reserves, by pairing technical innovation with cost controls.
Even so, the stock trades at a relatively low price-to-sales (P/S) ratio of 2.39 &mdash; a significant discount compared to competitors&nbsp;RoboSense&nbsp;at 4.63 and&nbsp;Luminar&nbsp;at 3.63.
Analysts are largely positive about Hesai&rsquo;s ability to expand globally and further improve its financials as it secures more mass production partnerships with both Chinese and international automakers. The company&rsquo;s in-house manufacturing and R&amp;D integration, along with its proprietary technology, are also considered competitive advantages.
Investors appear positive, too, with seven of eight analysts surveyed by Yahoo Finance now rating the company a &ldquo;buy&rdquo; or &ldquo;strong buy,&rdquo; suggesting they believe the stock is undervalued.
Established in Silicon Valley in 2014, Hesai quickly gained recognition for its product performance, quality and cost effectiveness, and its LiDAR products were quickly adopted by several top autonomous driving companies. It made headlines in early 2023 when its $190 million Nasdaq IPO was not only one of the largest listings by a Chinese company in New York in more than two years, but also one of the first by a Chinese autonomous driving concept company.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Small Cap

HSAI

Hesai Zooms Ahead In Third Quarter, Setting Stage For Milestone Year

<h4>Key Takeaways:</h4>
<ul>
<li>Global PC leader Lenovo&rsquo;s profit jumped 41% in the six months through September, as its revenue rose 22%</li>
<li>Revenue from the company&rsquo;s non-PC segments accounted for 46% of its total in the first half of its fiscal year, an all-time high</li>
</ul>
By Lee Shih Ta
Lenovo Group Ltd.&rsquo;s&nbsp;(0992.HK) Chairman and CEO Yang Yuanqing recently reiterated his growing confidence in artificial intelligence, noting that &ldquo;AI is not a bubble but an opportunity for sustainable growth.&rdquo; While tech trends come and go, his company&rsquo;s &ldquo;hybrid AI&rdquo; bet looks increasingly solid, with the potential to transform Lenovo from a stodgy PC maker into a company to watch.
Investment in AI has become key for technology companies looking to repolish their tech stripes, and Lenovo&rsquo;s&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1115/2024111500031.pdf">latest results</a>&nbsp;for the six months through September, the first half of its fiscal year, seem to show it&rsquo;s moving in the right direction.
Its revenue for the six-month period rose 22% year-on-year to $33.3 billion, while its profit rose by an even bigger 41% to $600 million. The three months to September were especially impressive, as revenue jumped 24% to $17.85 billion, and the company&rsquo;s profit surged 44% to $360 million.
During the six-month period, the company&rsquo;s three major business groups, intelligent devices, infrastructure solutions, and solutions and services, all recorded double-digit growth.
Intelligent devices grew 14.5% year-on-year, powered by Lenovo&rsquo;s legacy PCs and smartphone businesses. Lenovo&rsquo;s share of the global PC market grew to 24% during the period, expanding its lead over its closest rival by 4 percentage points. Revenue from its smartphones and tablet PCs were also notable for recording 43% and 19% growth, respectively, ahead of its core PC business.
<h3>Future Belongs To AI PCs</h3>
Lenovo noted that it launched two AI PCs in May, which now account for a double-digit share of the company&rsquo;s laptop shipments in China. The company expects AI PCs to account for 10% of its total shipments by the end of 2024, rising to 60% by 2026 and as high as 80% by 2027 as the number of AI-powered apps explodes.
Despite a 1.5% drop in global PC shipments during the quarter to September, Lenovo was able to buck the trend by posting 3% growth over that time, even as rivals&nbsp;Dell&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) and&nbsp;Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) both notched declines.
Lenovo&rsquo;s infrastructure solutions unit was its star in the first half of its fiscal year in revenue terms thanks to its focus on servers used in data centers that are quickly becoming the center for offsite AI computing. That division&rsquo;s revenue grew 65% year-on-year due to the growing investment in AI-enabled infrastructure, while its loss decreased by 36% to $73 million year-on-year.
The solutions and services unit recorded a 12% increase in revenue, driven by robust demand for its software-as-a-service (SaaS) products and AI-powered solutions.
The solid growth for all three business groups reflects Lenovo&rsquo;s growing bet on AI technology, as well as its efforts in global expansion and business diversification.
CEO Yang said he believes that AI is not only about cloud services. Instead, Lenovo is placing its bets more broadly on a hybrid AI model that&rsquo;s a combination of intelligence in both the public and private computing spheres. Put differently, the company is dividing its AI bets between the computing done on the cloud, as well as on individual PCs and other devices as the direction of its future development.
Last month, Yang and Jensen Huang, CEO of AI superstar chipmaker&nbsp;Nvidia&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), jointly unveiled Lenovo Hybrid AI Advantage with Nvidia, a comprehensive full-stack platform with enterprise-level AI functions, at the Lenovo Tech World 2024 conference. The platform is based on Lenovo&rsquo;s services and infrastructure capabilities, paired with Nvidia&rsquo;s AI software and hardware technologies.
&ldquo;We want to fundamentally achieve productivity surpassing human capabilities,&rdquo; Huang said at the partnership&rsquo;s unveiling. &ldquo;This is going to be the most massive industrial revolution we have ever seen.&rdquo;
<h3>Putting Eggs In Different Baskets</h3>
Lenovo&rsquo;s hybrid approach to AI also shows it&rsquo;s putting its eggs in different baskets to diversify its business. The company has announced a series of products around the hybrid AI strategy, such as its Hybrid AI Advantage for enterprises, Lenovo AI Now and Lenovo Learning Zone software platforms, as well as its next-generation Lenovo Neptune liquid cooling technology for servers.
During the six months through September, revenue from the company&rsquo;s non-PC business accounted for 46% of total revenue, marking a record high. Revenue from the company&rsquo;s storage, software and services in its infrastructure solutions unit was especially notable for its 35% year-on-year growth during the period, while revenue from Neptune liquid cooled servers also grew more than 48% year-on-year, both reaching record highs. That shows Lenovo&rsquo;s latest diversification strategy is starting to bear fruit.
That said, the business expansion also seems to be eroding the company&rsquo;s profitability. In the six months to September, the company&rsquo;s gross margin fell 1.4 percentage points to 16.1% year-on-year mainly due to lower gross margins from the infrastructure solutions business and an 8% rise in R&amp;D spending.
As growing sales of its cloud-based servers erode Lenovo&rsquo;s overall gross margin, Goldman Sachs lowered its target price for the company by 9.2% from HK$13.98 to HK$12.70, while maintaining its &ldquo;buy&rdquo; rating. BofA Securities, meanwhile, worries that potential U.S. tariffs may push up the Lenovo&rsquo;s costs, and lowered its target price from HK$11.6 to HK$10, with a &ldquo;neutral&rdquo; rating.
Lenovo currently trades at a price-to-earnings (P/E) ratio of 14.3 times, lower than Dell&rsquo;s 24 and less than half of Apple&rsquo;s 37.6 times, showing it has yet to win over investors to its AI story. But it leads the 13.5 times for Taiwan&rsquo;s Asus (2357.HK).
Through its more diversified approach to AI, Lenovo is trying to show that it&rsquo;s not just a hardware manufacturer, but also technology company that can integrate hardware, software and services. Investors generally believe that demand for new applications driven by AI PCs and Microsoft&rsquo;s Window 11 system will be favorable to Lenovo&rsquo;s performance next year. But factors like geopolitics could cast a shadow over the company&rsquo;s stock due to its status as a Chinese company selling a high-tech product into major Western markets. Such non-commercial factors could be key to determining if the company&rsquo;s strong performance can continue.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

DELL

NVDA

Lenovo's AI seeds Begin Bearing Fruit, As Geopolitics Continue To Weigh

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_27112024&amp;utm_content=analysis&amp;utm_term=forecast" style="color:#0563c1; text-decoration:underline">RoboForex Analytical Department</a>
EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes. The Federal Reserve signalled a potential pause in rate cuts if inflation reaccelerates but also indicated readiness to continue easing if economic indicators weaken.
Today promises heightened activity for EUR/USD due to a slew of US economic data releases. It is a significant day as the US will release its initial Q3 GDP estimate. After recording a 2.8% growth in Q2, market participants are keen to see if this momentum carried into the third quarter. Expectations suggest a robust period, potentially boosting the US dollar if the data exceeds forecasts.
Additionally, the US will unveil October&#39;s figures for personal income and expenses, durable goods orders, and the core PCE price index. These data points could significantly influence the dollar&#39;s trajectory, adding to today&#39;s trading volatility.
<h3>Technical Analysis Of EUR/USD</h3>
<a href="https://www.benzinga.com/files/u117641/eurusdh4_74.png"><img alt="" src="https://www.benzinga.com/files/u117641/eurusdh4_74.png" style="height:280px; width:624px" /></a>
H4 chart: The EUR/USD appears to be challenging the upper boundary of its recent downward trend. Current technical analysis suggest a potential upward move towards 1.0580. After reaching this level, a corrective pullback to 1.0460 may occur before another upward wave targets 1.0700. This bullish EUR/USD forecast is supported by the MACD, which shows a positive divergence as it approaches the zero line from below.
<a href="https://www.benzinga.com/files/u117641/eurusdh1_75.png"><img alt="" src="https://www.benzinga.com/files/u117641/eurusdh1_75.png" style="height:280px; width:624px" /></a>
H1 chart: The shorter-term H1 chart indicates that EUR/USD is on an upward trajectory towards 1.0580, with the currency consolidating above 1.0460. A breakout above this consolidation could validate the move towards 1.0580. Subsequently, a retracement to 1.0460 may set the stage for further advances. The Stochastic oscillator signals potential upward momentum, suggesting an increase in buying pressure.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Forex

EUR/USD Steady Ahead Of Major US Data Releases

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