SENS

 Senseonics Holdings Inc. (SENS) stock saw an uptick today largely due to positive developments related to its continuous glucose monitoring systems. Recently, the company received FDA clearance for its Eversense 365 system, the world's first and only 365-day continuous glucose monitor. This approval has likely contributed to increased investor confidence and excitement around the stock​

MARKETBEAT

.

Additionally, Senseonics has been receiving favorable analyst coverage, with a consensus rating of "Buy." The company's focus on innovative healthcare solutions, particularly in diabetes management, continues to attract attention from both analysts and investors​

MARKETBEAT

. These factors combined could be driving the increase in Senseonics' stock price today.

Tesla has a problem that Trump cannot fix

 The article titled "Tesla Has a Problem That Trump Can't Fix — Is It a Real Concern for Investors?" explores a key challenge Tesla is facing that may impact its operations or market position. This issue is particularly noteworthy because it may not be easily resolved, even with political influence or economic policies. The article likely focuses on the following reasons:

Market-Specific Issues: Tesla's problem could involve declining demand, increasing competition in the EV market, or challenges with affordability in specific regions.

Regulatory or Trade Barriers: It might address challenges in international markets where Tesla faces tariffs, export restrictions, or other geopolitical obstacles.

Operational Challenges: Issues like supply chain disruptions, production delays, or workforce concerns could be at play, especially as Tesla scales globally.

Investor Perspective: The article seems to weigh whether this problem is a temporary setback or a long-term concern for Tesla's growth trajectory, making it relevant for current and potential investors.

Tesla's recent challenges, including its first annual sales decline in over a decade and the underperformance of the Cybertruck, have raised concerns among investors. Despite CEO Elon Musk's close ties with President-elect Donald Trump, these issues highlight problems that political connections alone cannot resolve.

Annual Sales Decline

In 2024, Tesla's vehicle sales dropped by 1.1%, marking the company's first annual decline in more than twelve years. This downturn is attributed to market saturation and intensified competition from other electric vehicle manufacturers, particularly in China, Europe, and the U.S. Analysts suggest that to maintain growth, Tesla must diversify its product lineup and target a more mainstream market segment with mid-priced models.

AP News

Cybertruck Underperformance

The Tesla Cybertruck has not met the high expectations set by the company. Despite initial hype and over one million reservations, actual demand has dwindled. In 2024, approximately 35,000 to 50,000 Cybertrucks were sold, falling short of becoming a major competitor to high-volume trucks like the Ford F-150. Sales were further impacted by recalls and issues, including problems with the accelerator pedal, and negative public perception due to Musk's controversial statements and political alignment. Although the Cybertruck initially saw strong sales, it did not significantly contribute to Tesla's growth, and the company experienced its first year-over-year sales decline in over a decade.

The Verge

Investor Concerns

These developments have led to a 6.1% drop in Tesla's stock price following the announcement of the sales decline, reflecting investor apprehension about decreased demand and production issues. Experts emphasize that to sustain growth, Tesla needs to diversify its product lineup and appeal to a broader market segment.

AP News

In summary, Tesla's recent performance issues underscore challenges that cannot be addressed solely through political affiliations. The company must focus on product diversification, quality control, and market expansion to regain investor confidence and achieve sustainable growth.

Tesla Faces Challenges Amidst Sales Decline and Cybertruck Underperformance

The Verge

The Tesla Cybertruck isn't all it's cracked up to be

Yesterday

AP News

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

2 days ago

The Times

Tesla annual sales fall for first time in a decade

2 days ago

TRAW

 On December 23, 2024, Traws Pharma, Inc. (NASDAQ: TRAW) experienced a significant stock surge, rising over 200% during the trading session.

Benzinga

This increase was primarily due to the company's announcement of positive Phase 1 clinical trial results for its investigational treatment, tivoxavir marboxil, aimed at combating the H5N1 bird flu.

Benzinga

The trial demonstrated that a single dose of tivoxavir marboxil maintained plasma drug levels above the effective concentration for over 23 days, with no reported treatment-related adverse events.

Benzinga

Preclinical studies also indicated the drug's efficacy against drug-resistant influenza and highly pathogenic bird flu viruses.

Benzinga

The growing concern over H5N1, especially with its detection in U.S. dairy cattle and human infections, has heightened the demand for effective treatments.

Bovnews

Traws Pharma's progress with tivoxavir marboxil positions the company as a potential key player in addressing this public health threat, contributing to the stock's substantial rise on that date.

Bovnews

Traws Pharma Inc. (TRAW)

$8.67

-$0.34(-3.83%)January 2

Traws Pharma, Inc. (NASDAQ: TRAW) has announced plans to commence a Phase 2 clinical trial for tivoxavir marboxil, their investigational one-dose influenza therapy targeting H5N1 bird flu, in the first half of 2025.

Yahoo Finance

This decision follows positive topline results from a Phase 1 study, which demonstrated that a single dose of tivoxavir marboxil maintained plasma drug levels above the effective concentration (EC90) for more than 23 days, with no treatment-related adverse events reported.

GlobeNewswire

Preclinical studies have also shown that tivoxavir marboxil exhibits potent inhibition of drug-resistant influenza viruses and highly pathogenic bird flu viruses, both in vitro and in vivo.

PR Newswire

The upcoming Phase 2 study aims to further evaluate the efficacy and safety of tivoxavir marboxil in a larger cohort, bringing the therapy closer to potential approval and availability for addressing the H5N1 bird flu threat.

Traws Pharma has secured financing of up to $72.6 million from leading healthcare institutional investors to support the advancement of tivoxavir marboxil's development through to approval.

Traws Pharma

This funding is expected to extend the company's cash runway into the first half of 2026, enabling them to reach both near-term and long-term value-inflecting milestones.

Traws Pharma is committed to delivering novel compounds for unmet medical needs using state-of-the-art drug development technology, with a focus on product safety and a commitment to patients in need or that are specifically vulnerable.

GlobeNewswire

They aim to build solutions for important medical challenges and alleviate the burden of viral infections.

The company's progress with tivoxavir marboxil positions them as a potential key player in addressing the public health threat posed by H5N1 bird flu.

The successful development of this therapy could provide a valuable resource in case of an avian flu outbreak or a pandemic, and for potential use to prevent virus spread in households and congregant settings.

GlobeNewswire

Investors and stakeholders are advised to monitor Traws Pharma's announcements for updates on the Phase 2 trial's initiation and subsequent results, as these developments will be crucial in determining the future trajectory of tivoxavir marboxil and its role in combating H5N1 bird flu.

For more detailed information, please refer to Traws Pharma's official press releases and filings with the U.S. Securities and Exchange Commission (SEC).

RNAZ untradable

 

RNAZ

RNAZ unreadable

FLUX - FOR LONG TERM

STOCK -FILL THE SHORT TABLE

ID	STOCK	REMARK PRICE	BROKER	DATE AND TIME	PRICES	AMOUNT	Field1	number	fill prices	fill dollar	total filled	total unit	average	NET LOSS	Field2	REMARK
310	FLUX		RH		$2.44	22	$53.68	220	$1.82	$400.40	$454.08	242	$1.88	0
311	FLUX		Rh		$2.44	22	$53.68	22	$1.88	$41.36	$95.04	44	$2.16	0

 

Flux Power Holdings, Inc. (NASDAQ: FLUX) has recently encountered several challenges impacting its financial health and stock performance:

Financial Performance:

• Revenue Growth: 

In fiscal year 2023, Flux Power reported revenues of $66.34 million, 

a 56.7% increase from the previous year’s 2022  $42.33 million.

• Net Loss Reduction:

The company reduced its net loss to $6.74 million in 2023,

                                                                a 56.81% improvement compared to 2022.

Stock Price Decline:

Despite these financial improvements, 

FLUX’s stock has declined, 

reaching a 52-week low of $2.00 on November 25, 2024.

Contributing Factors:

1. Inventory Write-Down: 

In September 2024, Flux Power announced a $1.7 million 

write-down of obsolete inventory, 

necessitating the restatement of certain financial statements.

2. Nasdaq Non-Compliance: The company received a non-compliance letter from Nasdaq in October 2024 due to delays in filing financial reports, raising concerns about potential delisting.

3. Leadership Changes: In November 2024, CEO Ron Dutt announced his planned retirement, introducing uncertainty regarding future leadership.

4. Legal Challenges: Flux Power is facing class-action lawsuits alleging violations of securities laws, which could lead to financial penalties and reputational damage.

Analyst Perspectives:

Despite current challenges, some analysts maintain a “Strong Buy” rating for FLUX, with a 12-month average price target of $9.50, suggesting potential upside from current levels.

Conclusion:

While Flux Power has shown revenue growth and reduced losses, recent operational and legal issues have negatively impacted investor confidence and stock performance. The company’s ability to address these challenges will be crucial in determining its future financial health and stock trajectory.

Flux Power Holdings, Inc. is currently facing significant legal challenges that have adversely affected investor confidence and the company's stock performance. Several class-action lawsuits have been filed against the company, alleging securities fraud and financial misstatements.

Key Allegations:

Financial Misstatements: The lawsuits claim that between November 10, 2022, and September 30, 2024, Flux Power overstated inventory, gross profit, current assets, and total assets. Conversely, the company is accused of understating the cost of sales and net loss. These inaccuracies necessitated the restatement of previously filed financial statements. 

MARKETSCREENER

Internal Control Weaknesses: It is alleged that Flux Power either understated internal control weaknesses or falsely asserted the adequacy of its internal controls during the specified period. 

PR NEWSWIRE

Legal Actions:

Multiple law firms have initiated class-action lawsuits on behalf of investors:

Glancy Prongay & Murray LLP: This firm has filed a lawsuit representing investors who purchased Flux Power securities between November 11, 2022, and September 30, 2024. The lead plaintiff deadline is December 31, 2024. 

PR NEWSWIRE

The Rosen Law Firm: Also representing affected investors within the same period, this firm emphasizes that no class has been certified yet, and investors have the option to remain absent class members. 

PR NEWSWIRE

The Schall Law Firm: This national shareholder rights litigation firm has reminded investors of the class-action lawsuit against Flux Power for alleged violations of the Securities Exchange Act of 1934. 

STOCKHOUSE

Impact on Stock Performance:

Following the disclosure of these issues, Flux Power's stock experienced notable declines. For instance, after announcing the need to restate financial statements, the stock price fell by 5.36%, closing at $3.00 on September 6, 2024. By September 9, 2024, it further declined to $2.88. 

GLOBENEWSWIRE

Company Response:

In response to these challenges, Flux Power has announced the planned retirement of its Chairman and Chief Executive Officer, Ron Dutt. 

YAHOO FINANCE

Investor Considerations:

Investors are advised to stay informed about ongoing legal proceedings and company announcements. Engaging with legal counsel can help investors understand their rights and potential remedies in light of these developments.

For more detailed information, investors can refer to the official press releases and legal notices issued by the respective law firms involved in the litigation.

Glancy Prongay & Murray LLP has filed a class-action lawsuit against Flux Power Holdings, Inc. on behalf of investors who acquired the company's securities between November 11, 2022, and September 30, 2024. The lawsuit alleges that during this period, Flux Power issued materially false and misleading statements, failing to disclose critical information about its financial health and internal controls.

Primary Allegations:

Overstated Financial Metrics: The company is accused of overstating inventory, gross profit, current assets, and total assets. This misrepresentation led to an inflated perception of the company's financial position.

Understated Liabilities: Flux Power allegedly understated the cost of sales and net loss, which would have made the company appear more profitable than it was in reality.

Restatement of Financial Statements: Due to these inaccuracies, the company had to restate its previously filed financial statements, indicating that earlier reports were unreliable.

Internal Control Weaknesses:

 The lawsuit claims that Flux Power either understated the weaknesses in its internal controls or falsely asserted their adequacy, misleading investors about the company's operational integrity.

Impact on Investors:

These alleged misrepresentations and omissions are said to have artificially inflated the company's stock price, causing investors to purchase shares at distorted values. 

When the true financial state of Flux Power was revealed, the stock price declined, leading to significant financial losses for shareholders.

Legal Basis:

The lawsuit contends that Flux Power violated federal securities laws by failing to provide accurate and truthful information to investors, thereby breaching their duty to maintain transparency and integrity in their financial reporting.

For more detailed information, you can refer to the official case page on Glancy Prongay & Murray LLP's website: 

GLANCY LAW

A "write-down of obsolete inventory" means reducing the value of inventory that can no longer be sold or used. This often happens when products become outdated, expired, or damaged, making them unsellable at their original cost. The write-down reflects the lower market value of these items on the company's financial statements.

Think of it as acknowledging that certain stock on hand isn't worth what it was originally thought to be. This helps keep the financial records accurate and transparent, which is vital for making informed business decisions.

Do you need a deeper dive into how this impacts a company's finances, or anything else?

STOCK -FILL THE SHORT TABLE

ID	STOCK	REMARK PRICE	BROKER	DATE AND TIME	PRICES	AMOUNT	Field1	number	fill prices	fill dollar	total filled	total unit	average	NET LOSS	Field2	REMARK
310	FLUX		RH		$2.44	22	$53.68	220	$1.82	$400.40	$454.08	242	$1.88	0