5i Research Weekly Rockets and Duds

With three weeks left in the year, it's time for another 5i Rockets and Duds stock market report.

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UiPath Inc. PATH  Nothing too fancy to report here, just a solid earnings report and outlook from PATH, driving up the stock 35% last week. Sales rose 16%, and revenue and recurring guidance was increased. PATH is on the right path, and shareholders are on the PATH to wealth. Who knew that robotic automation companies would do well this year? We bet the robots did!!!!

 

AST Space Mobile Inc. ASTS  They say that space is extremely cold. I wouldn't know, as my dreams of being an astronaut ended when I was, well, eight years old! But it doesn't matter if space is freezing, as space stocks have been hot this year, and after a brief rest, are back in vogue. ASTS shares rose 32% last week as it announced the largest-ever commercial communications array ever deployed, to be launched in low-earth-orbit later this month. With a short interest of 28%, and a stock up 246% for the year, short sellers are seeing what 'zero gravity' feels like as the stock goes straight up higher and higher. 

 

DigitalBridge Group Inc. DBRG  Softbank was in the news a lot last week, and DBRG benefited. Sofbank is seeking new investments in data centres and digital infrastructure companies, and shares soared 45% as there were plenty of rumours that Sofbank was in discussions to acquire DigitalBridge. A deal might make sense, but DBRG is pretty small, at $2.7 billion market cap, and it might not be big enough for giant Softbank. Still, the rumours took the stock from a loss on the year to a 33% gain in a single week. 

American Bitcoin Corp. ABTC   If you asked US President Trump, there might be nothing more 'American' than a company called American Bitcoin. But despite patriotism, nothing helped the shares of ABTC last week as they fell 47% for the week. Seeing bitcoin enter a major correction surely did not help much, either. As it turns out, buying a 'bitcoin treasury company' and paying $1.40 for a corporate entity that owns $1.00 of bitcoin is not such a great investment scheme, after all. 

Symbotic Inc. SYM  The robots are fighting back. Well, not really. SYM shares fell 28% last week on news that the AI and Robotics company was seeing its largest shareholder, Softbank, decided to sell some shares and then the company decided to raise money at the same time. Shares are up 157% this year so it is hard to blame the company for taking in some cash when the ducks are quacking. Ducks? What happened to the robots? 

Take Care,

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