September 23, 2024
 
 

Small Stocks, Big Money™

Weekly Newsletter
REDCHIP.COM
 
 
bioAffinity's CyPath Lung Test Shows Potential for Significant Healthcare Savings in Peer-Reviewed Study
 
A new peer-reviewed study highlights how bioAffinity Technologies' (Nasdaq: BIAF) CyPath® Lung test could have saved $379 million in healthcare costs for Medicare patients in 2022 by reducing unnecessary follow-up procedures after lung cancer screenings. The noninvasive test, designed for early detection of lung cancer, offers a clearer diagnostic pathway, reducing costly complications. For private insurance patients, the savings could have been as high as $895 million. With high sensitivity and specificity, CyPath® Lung shows promise in improving early-stage lung cancer diagnosis, cutting expenses, and enhancing patient outcomes.
 
 
 
 
 
 
 
 
Gorilla Technology Completes Buyback of 1.1 Million Shares, Cites Undervaluation
 
Gorilla Technology (Nasdaq: GRRR) completed the purchase of 1.1 million shares as part of its accelerated buyback program, capitalizing on what it sees as substantial undervaluation of its stock. Backed by over $40 million in unrestricted cash, the company plans to continue share repurchases, reinforcing confidence in its long-term growth. CEO Jay Chandan highlighted Gorilla's focus on aggressive business expansion, financial strength, and shareholder value. Recent contract wins in Taiwan and Colombia further showcase the company's execution on its growth strategy in AI-powered cybersecurity and data intelligence.
 
 
 
 
 
 
 
Alliance Entertainment Achieves Major Turnaround with FY 2024 Profit Growth and Debt Reduction
 
Alliance Entertainment (Nasdaq: AENT) reported a significant financial rebound for fiscal year 2024, with net income reaching $4.6 million—a $40 million improvement from the prior year’s loss. Operational efficiencies and a focus on margin enhancement drove a 24% increase in gross profit, raising gross margins to 11.7%. As the company looks toward fiscal 2025, it plans to fuel growth through expansion, new exclusive licenses, and stronger retail partnerships. Investments in technologies like Sure Sort® X and AutoStore™ are already streamlining operations, with further efficiency gains expected to boost profitability in the coming quarters.
 
 
 
 
 
 
 
 
 
 
GreenPower Secures Orders for EPA-Funded Electric School Buses in Arizona
 
GreenPower Motor Company (Nasdaq: GP) has received orders for six all-electric, zero-emission school buses from Arizona’s RWC Group, funded by the EPA's Clean School Bus Program. These buses, a mix of GreenPower’s Type D BEAST and Type A Nano BEAST models, will serve three Arizona school districts. GreenPower’s buses, praised for their safety, sustainability, and performance, represent the growing adoption of zero-emission transportation in schools. With $5 billion in federal funding available, additional orders are anticipated as the demand for eco-friendly school transportation increases.
 
 
 
 
 
 
 
Nutriband Inc. Announces $1M Share Buyback Program
 
Nutriband (Nasdaq: NTRB) authorized a $1 million share repurchase program, demonstrating confidence in its long-term value. As of September 16, 2024, the company had 11.1 million shares outstanding. Meanwhile, Nutriband continues to progress on its flagship AVERSA Fentanyl patch, with plans to submit a New Drug Application (NDA) to the FDA in early 2025. The AVERSA™ technology aims to deter abuse and misuse of transdermal pharmaceutical products, positioning Nutriband at the forefront of innovation in abuse-deterrent drug delivery systems.
 
 
 
 
 
 
 
Recent Research Coverage Updates
 
Company Rating Price Target Firm Report Date
GreenPower Motor (Nasdaq: GP) Buy $5 Maxim July 2, 2024
GreenPower Motor (Nasdaq: GP) Hold n/a BTIG July 1, 2024
GreenPower Motor (Nasdaq: GP) Buy $3 Roth April 1, 2024
BioVie (Nasdaq: BIVI) Buy $3 ThinkEquity July 1, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Ladenburg Thalman June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $1 Rodman & Renshaw June 27, 2024
Calidi Biotherapeutics (NYSE American: CLDI) Buy $2 RW Baird May 14, 2024
Unusual Machines (NYSE American: UMAC) Buy n/a ThinkEquity June 17, 2024
Soligenix (Nasdaq: SNGX) n/a $4.15 Zacks Research June 14, 2024
Enlivex Therapeutics (Nasdaq: ENLV) Buy $6 HC Wainwright June 11, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Hold n/a HC Wainwright June 6, 2024
Sixty Degrees Pharma (Nasdaq: SXTP) Buy n/a Ascendiant May 21, 2024
American Resources (Nasdaq: AREC) Buy n/a HC Wainwright June 3, 2024
 
 
 
 
Small Stocks, Big Money™ Podcast
 
The podcast features in-depth interviews with CEO’s from the top names in small-cap stocks, providing listeners with a unique perspective not found anywhere else.
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Upcoming Events
 
 
25
 
 
Sep 2024
 
NASDAQ: MOB - Mobilicom
4:15pm Eastern
 
Mobilicom provides cybersecurity and robust solutions for drones and robotics. The Company is positioned to capture market leadership as the top end-to-end provider of hardware and software solutions in the rapidly growing defense and commercial drone and robotics market, a total addressable market expected to reach $8.5 billion by 2026.
 
 
 
 
 
 
 
2
 
 
Oct 2024
 
NASDAQ: GENE - Genetic Technologies Limited
4:15pm Eastern
 
Genetic Technologies Limited (ASX: GTG; Nasdaq: GENE) is a diversified molecular diagnostics company. A global leader in genomics-based tests in health, wellness, and serious disease through its geneType and EasyDNA brands.
 
 
 
 
 
 
 
3
 
 
Oct 2024
 
NASDAQ: TRIB - Trinity Biotech
04:15pm Eastern
 
Trinity Biotech PLC is in the business of developing, manufacturing, and marketing clinical diagnostic products for clinical laboratory and point-of-care sections of the diagnostic market.
 
 
 
 
 
 
 
Archived Events
 
 
18
 
 
Sep 2024
 
NASDAQ: SNGX - Soligenix
11:00am Eastern
 
Soligenix Inc is a late-stage biopharmaceutical company based in the United States. It focuses on developing and commercializing products to treat rare diseases where there is an unmet medical need.
 
 
 
 
 
 
Quote of the Week
 
"Needless to say, the analyst cannot be right all the time."
— Benjamin Graham
 
 
RedChip TV
 
 
 
 
RedChip TV Highlights Nova Minerals (NASDAQ: NVA) & Soligenix Inc. (NASDAQ: SNGX)
 
 
 
 
 
 
 
Order "Small Stocks, Big Money™ Today!
 
Dave Gentry's new book, Small Stocks, Big Money: Interviews With Microcap Superstars, is now available for pre-order. Published by Wiley Finance, this first-hand perspective and insider information on the fast world of microcap investing is now available for purchase.
 
 
 
 
 
 
 
Lesson of the Week
 
Concerned about volatility? Learn how to use BETA to measure the relative volatility of a stock in this week’s lesson.
 
 
 
 
 
 
 
MidSouth Week in Review
 
The average interest rate on the 30-year mortgage has fallen to 6.09% from the high of 7.8% after the Feds cut the interest rate by 50 basis points.