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 1:
NextNav Inc (NASDAQ:NN): The GPS company saw strong interest from readers during the week. A recent Oppenheimer upgrade from Perform rating to Outperform and a price target of $25 could have the stock in the spotlight ahead of earnings. The company will report first-quarter financial results on May 14. This marks a busy month for the company with executives also participating in conferences from D. Boral on May 7 and B. Riley on May 20-May 21. NextNav could be a stock to watch this month.
Atomera (NASDAQ:ATOM): The semiconductor stock saw strong interest from readers on the heels of an expanded collaboration. Atomera is extending its collaboration with Synopsys for GaN modeling in RF and power devices. The collaboration comes as Atomera, which licenses its technology and deploys proprietary technology, wants to expand its GaN segment. The company will report first-quarter financial results on May 5 and could provide more details on what the deal means for financials.
SoFi Technologies (NASDAQ:SOFI): The fintech company saw shares fall during the week after reporting first-quarter financial results. The company missed analyst estimate for earnings per share after six straight beats, while beating revenue estimates again. SoFi has beaten analyst estimates for revenue in more than 20 straight quarters. The concern for investors wasn't SoFi's quarterly results, but rather its guidance with the company's expected second-quarter figures coming in below estimates. Analysts lowered their price targets on SoFi after the quarterly results and guidance. The stock is one to watch on a potential recovery going forward after the post-earnings selloff.
Toro Corp (NASDAQ:TORO): The oil transportation company saw strong interest from readers during the week. There was minimal news for Toro outside the recent announcement of a 90 cent per share special dividend. In mid-April, Toro reported quarterly revenue growth and a profit per share, versus a loss year-over-year. Given the company operates in the oil sector and ocean tanking segment, the stock could be in the spotlight given the volatility of oil and transportation of oil worldwide.
Pineapple Financial (NYSE:PAPL): The Canadian mortgage company is surging in interest, but investors should know that with a market capitalization of $47 million, the stock can be volatile. Pineapple Financial recently announced an expanded share buyback plan of $15 million, up from a prior $3 million. Share buybacks can lower the float on a public stock and also boost earnings per share. Pineapple recently shared full-year revenue guidance of $7.7 million versus $9.5 million, versus a Street estimate of $4.0 million. In March, Pineapple announced it was pushing its AI efforts further, including AI powered agent platforms.
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
Read the latest Stock Whisper Index reports here:
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