Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here’s a look at the Benzinga Stock Whisper Index for the week ending May 29:
Plug Power Inc (NASDAQ:PLUG): The clean energy company saw strong interest from readers during the week. Shares traded nearly flat on the week, but saw a boost from a recent news item. The company said a final investment decision was reached to supply electrolyzers as part of the Barrow Green Hydrogen project in the United Kingdom. In mid-May, the company reported first quarter financial results with revenue and earnings per share both beating analyst estimates. The company saw several analysts raise their price targets. The popular retail stock is worth watching for more positive catalysts moving forward.
Nio Inc (NYSE:NIO): The Chinese electric vehicle company saw strong interest from readers during the week, which comes after recently reporting first-quarter financial results. The company saw quarterly revenue up 112.2% year-over-year, beating analyst estimates. Vehicle deliveries of 83,465 units were up 98.3% year-over-year in the quarter with gross margins also improving. While the quarterly results were strong on a year-over-year basis, deliveries and revenue were down from the fourth quarter. Investors will likely monitor what happens in the second quarter to see if the stock is ripe for a significant lift.
Braiin Limited (NASDAQ:BRAI): The artificial intelligence and machine learning company saw strong interest from readers, which could be related to two recent news pieces. The company announced a partnership with Switchcraft to integrate utility and telecom switching services into its living infrastructure and PropTech platform for the United Kingdom-based company. Braiin will offer tools for multiple utility services on its platform with users able to activate and manage the services on the company's platform. The news comes as Braiin is working to build out its AI-native Living Infrastructure platform. The Australian based company also announced it has launched its AI-Native Living Infrastructure platform into New Zealand, targeting a $94 billion market. The announcement could lead to future deal announcements.
Intuit Inc (NASDAQ:INTU): The well-known owner of QuickBooks and TurboTax saw shares trade higher on the week after rebounding from a recent share price decline after reporting third-quarter financial results and a 17% workforce reduction. Third-quarter revenue and earnings per share came in ahead of analyst estimates, but the workforce reduction and guidance sent shares lower. Multiple analysts lowered their price targets after the quarterly results. Bank of America analyst Tai Liani reinstated coverage on the stock with a Buy rating and a $400 price target, telling investors there is an attractive setup and improving fundamentals. While the analyst acknowledged pressure on the stock from low-income households using AI-based and free tax alternatives, the company's brands continue to dominate the market.
Astrotech Corporation (NASDAQ:ASTC): The technology company was more talked about than normal with shares up over 1,000% for the week. One of the big catalysts for the company was the recent announcement that Astrotech is working on a new strategic initiative focused on lunar resource development. The news comes in relation to upcoming opportunities to work with NASA on the Artemis Program. Among the focus areas for Astrotech for its lunar development is quantum computing in space, a key area that investors have been focused on. Astrotech invents, acquires and commercializes innovations in various technology sectors. The latest news centering on space could prove to be a key pivot for the company. With a market capitalization of only $52 million and the recent stock surge, the stock could continue to be volatile and investors should proceed with caution given the company's size.
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Read the latest Stock Whisper Index reports here: