If it feels like 2022 has been a little less exciting for the cryptocurrency space, your instinct may not be too far off. Judging by Google search trends, interest in cryptocurrencies have hit a short-term peak. Global interest in virtual currencies like bitcoin (BTC-USD) and ethereum (ETH-USD) are 70% below their 2021 highs, according to new data from DataTrek. Query volumes for “nft” [non-fungible tokens] are also pretty weak at 65% lower than their January 2022 highs. Peak crypto… Source link
Read More »This stock has plunged 50% in two months, now one top analyst says buy it
With shares of newly minted IPO Allbirds (BIRD) down a whopping 50% from their highs on Nov. 3, Morgan Stanley says it’s time to go shopping for the stock. “Valuation appears compelling, at ~4 times consensus 2023 estimated EV/Sales compared to its ~10 times post-IPO high and peers with comparable revenue growth at 5 times plus. Tempered valuation makes for an attractive entry point, particularly as an opportunity for BIRD [exists] to accelerate revenue growth to 28% in 2022 estimated from… Source link
Read More »AMC Entertainment Q4 Sales Plunged 90%, Losses Ballooned Amid Pandemic; CEO Adam Aron Cites “Most Challenging Market Conditions” In 100 Years
AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link
Read More »Why Peloton stock has plunged 25% in one month
Peloton’s stock (PTON) is looking a little less fit as investors dump 2020’s hot stay-at-home trades in favor of reopening trades such as airlines hotels with COVID-19 infections and deaths slowing down. Shares of the at-home fitness equipment maker are down about 26% over the past month, according to Yahoo Finance Premium data. The S&P 500 is up slightly during that span, while the Nasdaq Composite is down 4.5%. “The recent share price action could be seen as the broader market moving away… Source link
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