July 2021 Stock Price Increases And What’s Happened To Companies That 2iQ Covered

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Vestum AB
WESC:SS
12 months:
+1,192%
Activity:
Bullish
Pattern:
Purchases from multiple insiders including CEO and Chairman
News:
Raised annual growth targets
Everything Blockchain Inc
(OBTX:US)
12 months:
+534%
Activity:
Bullish
Pattern:
Purchase from CFO
News:
Annual Report
Darling Ingredients Inc
DAR:US
12 months:
+184%
Activity:
Bullish
Pattern:
Purchase from Chief Accounting Officer
News:
Strong Q1 results
Vestum AB
WESC:SS
12 months:
+1,192%
Activity:
Bullish
Pattern:
Purchases from multiple insiders including CEO and Chairman
News:
Raised annual growth targets
Everything Blockchain Inc
(OBTX:US)
12 months:
+534%
Activity:
Bullish
Pattern:
Purchase from CFO
News:
Annual Report
Darling Ingredients Inc
DAR:US
12 months:
+184%
Activity:
Bullish
Pattern:
Purchase from Chief Accounting Officer
News:
Strong Q1 results

Another month, another chance for our analysts to cover some price gains we have seen in companies that we have recently covered on our blog.

2iQ’s data shows that three of the best gains in momentum and value in the last month have been with:

  • Vestumn AB (WESC:SS)
  • Everything Blockchain Inc (OBTX:US)
  • Darling Ingredients Inc (DAR:US)

Here’s some information on what’s behind their recent stock price increases

Vestum AB (WESC:SS)

Vestumn AB (WESC:SS) is a Swedish investment company in construction and infrastructure. The company has seen significant growth through acquisitions, and has increased its growth targets over the last year.

Vestum announced acquisitions of four businesses in construction in late May 2021. Combined, these four businesses had a total turnover of around SEK 360 million and EBITA of SEK 58 million last year.

The company has also acquired F Forsmans VVS AB in the plumbing industry. Last year, Forsmans generated sales of SEK 39.2 million and EBITA of SEK 5.2 million.

As a result of this activity, Vestum raised its growth targets in June 2021. The previous growth target was to acquire at least SEK 100 million in pro-forma adjusted EBITA.

It now expects to add pro-forma sales of at least SEK 2 billion and pro-forma adjusted EBITA of at least SEK 200 million through acquisitions annually

Stock Price Increases

In terms of stock price increases:

  • On 8 July 2021, Vestum had a price of $4.58.
  • Today, the price is $8.17 (close to the peak price of $8.77)
  • Meaning a return of 78.38%

Everything Blockchain Inc (OBTX:US)

Everything Blockchain Inc (OBTX:US) specializes in blockchain technology. It has then seen a period of exponential growth in line with the growth patterns of blockchain technology.

It recently transitioned from an internet marketing company to a blockchain engineer, developer, and cryptocurrency miner.

This generated a loss for the year to 31 January 2021. However, when the exceptionals were stripped out, this turned into a $1.1 million profit.

In June 2021, it also acquired Mercury Inc for $1.5 million. Mercury achieved around $2.5 million in revenue over the past three years and a 15% bottom line profit margin.

Stock Price Increases

In terms of stock price increases:

  • On 30 July 2021, Everything Blockchain had a price of $5
  • Today, the price is $11 (close to the peak price of $14.25)
  • Meaning a return of 120%

Darling Ingredients Inc (DAR:US)

Darling Ingredients Inc (DAR:US) is a very profitable American company that develops sustainable food, feed, and fuel ingredients.

It is interesting to report that Darling Ingredients recently had its best quarter on record. In Q1 2021, it reported net sales of $1.05 billion, up from $852.8 million in Q1 2020.

Because of this strong performance, the company raised its guidance for the full year. It now expects adjusted EBITDA to be between $1.075 billion and $1.150 billion for 2021. This would represent growth of 28% to 35% year on year.

Stock Price Increases

Since these Q1 results, a number of analysts have raised their price targets for the stock. Analysts at Baird, for example, have increased their price target for DAR stock to $89 from $75. And Piper Sandler has increased its price target to $105 from $95.

In terms of recent stock price increases:

  • On 2 July 2021, Darling Ingredients had a price of $67.33
  • Today, the price is $79, which is peak price
  • This gives a return of 17.33%

More Bullish Signals from 2iq’s Data

To find out more about bullish signals that 2iQ’s data shows, including insider buying activity, and cluster buying, visit the blog.

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