2 months ago

Under The Radar Stocks To Keep On Your Watchlist: $HOLO $RCKT $IDAI $UP $MYTE

MicroCloud Hologram (NASDAQ:HOLO): The holographic technology company saw shares trade higher and gain interest from investors to start the week. The stock was halted several times in the early part of the trading week, before shares traded significantly lower on Thursday and Friday. The volatility in the stock comes after the company announced it was developing a holographic virtual digital human based on ChatGPT models on Friday. The company said the creation of the holographic model would be able to understand human language behavior and simulate emotions..

Rocket Pharmaceuticals (NASDAQ:RCKT): The clinical-stage biotechnology company saw strong interest from investors this past week after announcing an alignment was reached with the FDA for the Phase 2 trial of RP-A501. The company also announced an offering of 7.8 million shares at $16 each. Over the last two months, analysts have remained mostly bullish on the company. Needham rates it a Buy with a $53 price target, Stifel has a Buy rating with a $48 price target, and Canaccord Genuity gives it a Buy rating with a target of $47.

T Stamp Inc (NASDAQ:IDAI): The company recently announced it received its 18th patent, which is related to the use of artificial intelligence for tokenization.

Wheels Up Experience (NYSE:UP): The on-demand private aviation company saw shares trade higher following the announcement of their CEO appointment. George Mattison was named the new CEO of the company and brings 25 years of aviation experience to the role. Mattison is a member of the Board of Directors of Delta Air Lines (NYSE:DAL), which is a strategic partner and investor in Wheels Up. Mattison is also an investor and the Chairman of Tropic Ocean Airways, a Wheels Up partner. Wheels Up shares have climbed over 80% in the last month and the stock has been seeing short interest rise. The company currently ranks 21st on the Fintel short squeeze leaderboard with 11.5% of the float short and a cost to borrow of 46.8%.

MYT Netherlands AD (NYSE:MYTE): The global luxury ecommerce company saw strong interest from investors over the past week after the company reported fourth-quarter financial results. Fourth quarter gross market volume was up 40.8% year-over-year in the U.S. market. Active customers grew 10% over the last twelve months, with increased first-time buyers being added on a global basis. Double-digit growth for all geographic regions was highlighted by the company, with an improved focus on its top customers. The earnings report led to UBS keeping a Buy rating and raising the price target from $4.60 to $5.20.