Benzinga - by Chris Katje, Benzinga Staff Writer.
Investors are on the hunt for undervalued, under followed and emerging stocks. Retail traders have countless methods at their disposal to uncover new information.
For some, this may be overwhelming.
Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.
The index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them.
Here is a look at the Benzinga Stock Whisper Index for the week of Sept. 15, 2023.
MicroCloud Hologram (NASDAQ: HOLO): The holographic technology company saw shares trade higher and gain interest from investors to start the week. The stock was halted several times in the early part of the trading week, before shares traded significantly lower on Thursday and Friday. The volatility in the stock comes after the company announced it was developing a holographic virtual digital human based on ChatGPT models on Friday. The company said the creation of the holographic model would be able to understand human language behavior and simulate emotions.
Rocket Pharmaceuticals (NASDAQ: RCKT): The clinical-stage biotechnology company saw strong interest from investors this past week after announcing an alignment was reached with the FDA for the Phase 2 trial of RP-A501. The company also announced an offering of 7.8 million shares at $16 each. Over the last two months, analysts have remained mostly bullish on the company. Needham rates it a Buy with a $53 price target, Stifel has a Buy rating with a $48 price target, and Canaccord Genuity gives it a Buy rating with a target of $47.
T Stamp Inc (NASDAQ: IDAI): The identity authentication company has garnered investor attention in the past, with a previous ranking on the “Stock Whisper” Index, and was also listed as a top short squeeze candidate in August. The company recently announced it received its 18th patent, which is related to the use of artificial intelligence for tokenization.
Related Link: 10 Short Squeeze Stocks To Watch
Wheels Up Experience (NYSE: UP): The on-demand private aviation company saw shares trade higher following the announcement of their CEO appointment. George Mattison was named the new CEO of the company and brings 25 years of aviation experience to the role. Mattison is a member of the Board of Directors of Delta Air Lines (NYSE: DAL), which is a strategic partner and investor in Wheels Up.
Mattison is also an investor and the Chairman of Tropic Ocean Airways, a Wheels Up partner. Wheels Up shares have climbed over 80% in the last month and the stock has been seeing short interest rise. The company currently ranks 21st on the Fintel short squeeze leaderboard with 11.5% of the float short and a cost to borrow of 46.8%.
MYT Netherlands AD (NYSE: MYTE): The global luxury ecommerce company saw strong interest from investors over the past week after the company reported fourth-quarter financial results. Fourth quarter gross market volume was up 40.8% year-over-year in the U.S. market. Active customers grew 10% over the last twelve months, with increased first-time buyers being added on a global basis.
Double-digit growth for all geographic regions was highlighted by the company, with an improved focus on its top customers. The earnings report led to UBS keeping a Buy rating and raising the price target from $4.60 to $5.20.
Check out the most recent Stock Whisper reports here:
Aug. 25
Sept. 1
Sept. 8
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
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