3 Stocks News Update: QualTek Services Inc. (QTEK), BlueFire Equipment Corporation (BLFR), SOPHiA GENETICS SA (SOPH)

QualTek Services Inc. (NASDAQ: QTEK) stock jumped 15.32% on Wednesday to $1.28 against a previous-day closing price of $1.11. With 53108.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.2 million shares. During the session, the Telecom Services company that operates in the wider Communication Services sector, reached the highest price of $1.3200 whereas the lowest price it dropped to was $1.1100. The 52-week range on QTEK shows that it touched its highest point at $10.43 and its lowest point at $0.97 during that stretch. It currently has a 1-year price target of $6.33.

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Float and Shares Shorts

At present, 22.17 million QTEK shares are outstanding with a float of 21.00 million shares on hand for trading. On Aug 30, 2022, short shares totaled 0.43 million, which was 1.75% higher than short shares on Jul 28, 2022. In addition to Mr. Christopher Scott Hisey as the firm’s CEO & Director, Ms. Elizabeth Downey serves as its Chief Admin. Officer.

On September 22 and 23, the firm will take part in the 21st Annual Diversified Industrials & Services Conference in Nashville, Tennessee, which is organized by D.A. Davidson.

BlueFire Equipment

BlueFire Equipment Corporation (BLFR) stock jumped 14.72% on Wednesday to $0.0600 against a previous-day closing price of $0.0523. During the session, the company reached the highest price of $0.0729 whereas the lowest price dropped to $0.0550. The 52-week range on BLFR shows that it touched its highest point at $0.1200 and its lowest point at $0.0050 during that stretch. The total market capitalization remained $2,036,842 while its total outstanding shares are 33,947,368.


Following the acquisition of Miracle Life Farm LLC, the agricultural-oriented acquisition company, BlueFire Equipment, Corp. (BLFR), has decided to undertake a name change, as well as a ticker replacement, which will help define the direction shift, its business is undergoing. The senior management of the company has agreed to renaming the business as Farmies Inc., which will hold the ticker symbol, MIES. The CEO of the company, Nickolas S. Tabraue has hailed the name change as being “perfect” for the company, further adding that Farmies best encapsulates the brand and corporate vision.

At present, the company has a market capitalization exceeding $12.5 billion, which translates to a compound annual growth rate of 11.1%. With its recent restructure following the acquisition of Miracle Life Farm, the company anticipates further growth to be achieved. Operating on 13-acre farmland, Farmies will aim to unlock value through several ground-breaking initiatives, which include tapping into the medicinal properties of Thai Guava leaves. The senior management remains highly optimistic in the wake of this shift, as emphasized through a corporate name change.


SOPHiA GENETICS SA

SOPHiA GENETICS SA (NASDAQ: SOPH) stock jumped 9.45% on Friday to $3.01 against a previous-day closing price of $2.75. With 0.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 87560.0 shares. During the session, the Health Information Services company that operates in the wider Healthcare sector, reached the highest price of $3.1600 whereas the lowest price it dropped to was $2.7521. The 52-week range on SOPH shows that it touched its highest point at $19.19 and its lowest point at $2.16 during that stretch. It currently has a 1-year price target of $13.00. SOPH unveiled a strategy to drive health care innovations at the Inaugural Investor Day Event.

Price Performance

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SOPH was up-trending over the past week, with a rise of 5.24%, but this was down by -21.61% over a month. Three-month performance surged to 14.02% while six-month performance fell by -63.87%. The stock lost -83.07% in the past year, while it has lost -78.65% so far this year.

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