NovaQuant News | Insights on Blockchain, Stocks & Futures

December 20, 2024

Copper producers issue fresh warnings about price volatility

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite …

December 20, 2024

Bitcoin Price Corrects Recent Gains: Is a Deeper Dip Coming?

Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and …

December 20, 2024

Bitcoin price today: falls for 3rd straight day to $97k on hawkish Fed outlook

-- Bitcoin retreated further on Friday, marking its third consecutive day of declines as macroeconomic pressures induced by the Federal Reserve’s hawkish stance and...

December 20, 2024

Cardano Falls 10% In Rout

- Cardano was trading at $0.8849 by 00:56 (05:56 GMT) on the Index on Friday, down 10.10% on the day. It was the largest one-day percentage loss since...

December 20, 2024

Sen. Tom Cotton Slams Kamala Harris as ‘Ayatollahs’ Handpicked Candidate’

Vice President Kamala Harris is the Iranian “Ayatollahs’ handpicked candidate,” according to Arkansas Republican Sen. …

December 19, 2024

Freshworks: Why you should consider this company as a good buy.

Hello, Today we shall be looking at Freshworks. Freshworks, Inc. is a software development company, which engages in software-as-a-service products. Its products include Fresh desk, Fresh service, Fresh sales, Fresh marketer, and Fresh team. You can find more details on the company here www.tradingview.com TECHNICAL ANALYSIS- Checklist Structure drawing (Trend line drawing on past price chart data)- As shown in chart below Patterns identification (Naming patterns on past price chart data for future wave)- The price is correcting & forming a flat pattern Future indication (Reading indicator for future wave)- 0 crossover on MACD Future wave (Drawing on future price chart using future indication from indicator)- As shown in the chart below Future reversal point (Identifying trend reversal point on price chart using structure)- Target at the top as shown This is as shown here: Third Quarter 2024 Financial Summary Results Revenue: Total revenue was $186.6 million, representing growth of 22% compared to total revenue of $153.6 million in the third quarter of 2023, and 22% adjusting for constant currency. GAAP (Loss) from Operations: GAAP (loss) from operations was $(38.9) million, compared to $(38.7) million in the third quarter of 2023. GAAP Net (Loss) Per Share: GAAP basic and diluted net (loss) per share was $(0.10) based on 302.1 million weighted-average shares outstanding, compared to $(0.11) based on 294.1 million weighted-average shares outstanding in the third quarter of 2023. Non-GAAP Net Income Per Share: Non-GAAP diluted net income per share was $0.11 based on 302.7 million weighted-average shares outstanding, compared to $0.08 based on 302.6 million weighted-average shares outstanding in the third quarter of 2023. Net Cash Provided by Operating Activities: Net cash provided by operating activities was $42.3 million, compared to $23.9 million in the third quarter of 2023. Free Cash Flow: Free cash flow was $40.1 million, compared to $22.1 million in the third quarter of 2023. Cash, Cash Equivalents and Marketable Securities: Cash, cash equivalents, and marketable securities were $1.05 billion as of September 30, 2024. To follow on company news see www.tradingview.com Our recommendation Freshworks is strategically positioned for future growth. Over the past five years, its revenue has consistently increased, and the company is showing promising signs of nearing profitability. Achieving profitability will unlock additional cash flow, enabling Freshworks to reinvest in its operations and expand into untapped markets, fueling long-term growth. From a technical analysis perspective, the stock has been consolidating in a sideways correction over the past two years, reflecting a period of accumulation. Recent momentum peaked in October 2024 and the stock rose over 50% in a few days, with clear indications of a potential breakout as investor interest intensifies. In the shorter timeframe, a minor correction appears currently underway, presenting an attractive entry point for new investors around the $15 level. With a medium-term target of $24, this setup offers a compelling opportunity for value-seeking investors looking to capitalize on Freshworks' upward trajectory. Our recommendation is a strong buy on this stock at the current areas with a target of $24 per share. Current price: $16.41 (11th December 2024)

December 19, 2024

Bullish trading pattern on BNB/USD looks ready to explode, but what about the BNB/BTC pair?

BNB has been in focus recently as Binance founder and former CEO Changpeng “CZ” Zhao …

December 19, 2024

Democrats Are Using IVF as a ‘Scare Tactic’

Senator Katie Britt (R-AL) said on this week’s broadcast of “Fox News Sunday” that Democrats were …

December 19, 2024

$250 Million in Bitcoin and Ethereum Stun Major US Exchange Coinbase

U.Today - This year, the correlation between the cryptocurrency market and traditional finance is more entrenched than ever before. This was largely due to the introduction of...

December 19, 2024

EOS Falls 16% In Selloff

- EOS was trading at $0.8126 by 15:03 (20:03 GMT) on the Index on Thursday, down 16.02% on the day. It was the largest one-day percentage loss since...

December 19, 2024

Adobe - The Triangle Breakout Is Coming!

Adobe ( NASDAQ:ADBE ) still remains in a bullish market: Click chart above to see the detailed analysis👆🏻 For more than four years, Adobe has actually been moving sideways, still digesting the crazy bullrun which we saw over the past decade. Looking at the symmetrical triangle pattern though, this is just a bullish consolidation, which will most likely end with another bullish breakout. Levels to watch: $440, $560 Keep your long term vision, Philip (BasicTrading)