EV Stock Surge: Top Performers & Budget Picks Breaking Out

U.S. markets took a breather on Tuesday, with stocks moving cautiously as investors digested a fresh wave of Q1 earnings reports and a notable drop in recent market turbulence. The Cboe Volatility Index (VIX), a key gauge of investor fear, slipped below 30—marking a significant cooldown from last week’s spike near 60.

Upcoming earnings from major names like United Airlines and Netflix are in focus. Meanwhile, Boeing fell over 1% after reports surfaced that China instructed its airlines to halt additional purchases from the aerospace giant.

Still, markets remain in recovery mode. Despite some recent gains, the Dow and Nasdaq are each down more than 3% since the Trump administration’s early-April tariff announcement, with the S&P 500 off by more than 4%.

As of 11:23 AM ET, the Dow was up 146.79 points, or 0.36%, at $40,671.58. The Nasdaq Composite added 147.975 points, or 0.79%, at $18,943.99. The S&P 500 rose 29.17 points, or 0.54%, at $5,435.14. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Materials leading the way with a 0.73% increase.

Top Movers: Under $10 

Mural Oncology plc (MURA) is up 167.96% today to trade at the current level of $2.76. This comes after the company announced plans to explore strategic alternatives.

Skye Bioscience Inc (SKYE) zoomed 59.47% in today’s trade to $2.09 after announcing new preclinical data for its novel CB1 antibody, nimacimab. In a murine diet-induced obesity (DIO) model, after 25 days of treatment.

In current trading, Ivanhoe Electric Inc (IE) stock is at $6.33 following receiving of indication for up to $825 million in financing from Export-Import Bank of the United States for Santa Cruz Copper Project.

Eos Energy Enterprises Inc (EOSE) rose 17.89% in the early hours of today's trading to move at $4.97 after announcing that it has signed a memorandum of understanding with Frontier Power Ltd., a UK-based energy developer, for a 5 GWh energy storage framework agreement.

In the current trading session, Venus Concept Inc (VERO) jumped 17.33% to $4.40 over a previous close of $3.75 after closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of 386,700 shares of common stock at a purchase price of $4.06 per share.

Ex-Dividends Stocks

Horizon Technology Finance Corp (HRZN) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.11 per share. It has fixed May 16 as the record date for the same and will pay the actual dividend on June 13. Last year, the company distributed a total of $1.32 to its shareholders. Based on the last year's worth of payments, HRZN has a trailing yield of 15.73% on the current stock price of $8.39.

Shares of Oxford Lane Capital Corp (OXLC) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.09 per share, and in the last 12 months, it paid a total of $1.05 per share. Last year's total dividend payments show that OXLC has a trailing yield of 23.00% on the current share price of $4.57.

Oxford Square Capital Corp (OXSQ) is also set to go ex-dividend tomorrow. The next dividend payment from OXSQ will amount to $0.04 per share. June 16 has been designated as the record date for this dividend, with the actual payout scheduled for June 30. In the previous year, OXSQ distributed a total of $0.42 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for OXSQ stands at 16.06% based on the current stock price of $2.62.

First Busey Corp (BUSE) will be paying out a dividend of $0.25 per share to shareholders holding their shares as of the close of the business hours on the record date of April 18. Over the past 12 months, BUSE has paid out a total of $0.97 per share in dividends. Based on the total dividends paid out last year, BUSE boasts an impressive trailing yield of 4.90% on the current share price of $19.80.

Crypto Market Highlights

• The collapse of the Mantra (OM) token sparked comparisons to Terra's 2022 crash, though many argue the two only share similar price chart patterns.

• DEX KiloEx has offered a 10% white hat bounty to the hacker who stole $7.5 million in crypto from the platform.

• Only 20 out of 181 Bitcoin service providers registered in El Salvador remain active, as most failed to comply with the Bitcoin Law.

• Binance, KuCoin, MEXC, and others reported service disruptions due to a major AWS network outage.

• The governor of the Northern Mariana Islands vetoed a bill that would have enabled a local government to issue a US dollar-pegged stablecoin.

 Most Shorted Stocks

Nauticus Robotics Inc (KITT) was one of the most shorted stocks as of latest short interest figures, with 13.03% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 0.5. This represents a change of -540000 shares, which corresponds to a -13.17% decrease in short interest. The total value of the shares held short is estimated to be around $3.6 million. The average daily volume stands at 5.91M shares, and the market capitalization of the company is $30.48M.

The MicroAlgo Inc with the symbol MLGO currently has a short interest of 2,105.53%. The short interest has changed by 2350000 shares. The days to cover ratio stands at 0.2. The estimated value of the shares held short is approximately $53.0 million. On an average day, 24.33M shares are traded, with the company's market capitalization totaling $126.16M.

For the stock Windtree Therapeutics Inc (WINT), the current short interest is at 37.32%. This represents a significant short interest change of 230000 shares, corresponding to a short interest percentage increase of +466.53%. The days needed to cover the short positions amount to 0.1. The approximate worth of the shares held short is $0.39 million.

With the symbol SEDG, the stock currently has a short interest of 36.00%. The short interest change is -530000 shares, compared with a short interest percentage change of -2.49%. It would take approximately 5.2 days to cover all the short positions. The shares short value is estimated to be around $3.59 million. The company boasts an average daily volume of 3.87M shares, contributing to a market capitalization of $756.53M.

The stock ABR has a current short interest of 31.99%. The short interest percentage has experienced a decrease of -2.14% while there was a change of -1270000 shares in short interest. The ratio indicating the time required to cover short positions is 15.9. The calculated worth of the shorted shares amounts to around $223.98 million. Trading activity averages at 3.76M shares per day, while the company's market capitalization stands at $2.05B.

EV Stocks to Watch

According to our ST Score evaluation, Cirrus Logic, Inc (CRUS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 58. The stock's profitability, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of performance, stock sentiment, and forecast.

Our ST Score also classifies Teck Resources Ltd (TECK) as a high-quality EV stock today, presenting a Score of 55. The stock has strong fundamentals in terms of profitability, and Piotroski Score. However, it has weak performance. The growth, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Li Auto Inc ADR (LI) has the ST Score of 54, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score. Performance, growth, stock sentiment, and forecast suggest a neutral outlook.

Magna International Inc (MGA) stock has the ST Score of 53 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, and Piotroski Score, but its weaknesses are in its growth, and financial strength. However, it shows a neutral outlook in performance, stock sentiment, and forecast.

BorgWarner Inc (BWA) currently has the ST Score of 52, which signifies a huge upward potential. The EV stock's strong points are its profitability, and Piotroski Score, while its weak points are its financial strength. The stock's performance, growth, sentiment, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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