Nasdaq Stock Momentum List: BDRX, MEDS, ASTG, GDYN, PRDO

There are certain exchanges that list the biggest companies in the world and hence attract considerable attention. One such exchange is the NASDAQ, which records billions of dollars in stock trades every day. This feature would provide you with a closer look into some of the NASDAQ-listed stocks that could well be worth tracking at this point in time.

Biodexa Pharmaceuticals PLC (NASDAQ:BDRX): Biodexa Pharmaceuticals PLC, which is a clinical-stage biopharmaceutical firm with a product pipeline for treating metastatic and primary cancers, announced on July 28 that it launched its new corporate website. The website in question is www.biodexapharma.com.

Additionally, the company announced that it had also launched a website for patients so that they could get the necessary information about the different areas of therapeutics that the company is involved in. The website, www.resolvetrials.org, would also provide information about the current clinical programs of the company. The company noted that the new corporate website would reflect the fact that Biodexa had evolved from a drug delivery technology entity to a drug development company.

The resolvetrials.org website would provide key information to patients who may be interested in enrolling in a clinical trial so as to make a better assessment of the product under trial. The patients would also have the option of contacting the trial sites directly. On July 24, the company announced that it had been notified by NASDAQ that it had regained compliance with the exchange with regard to the minimum big-price requirements of its stock.

TRxADE HEALTH Inc. (NASDAQ: MEDS): TRxADE HEALTH Inc. is the holding company of a business-to-business pharmaceutical exchange platform, and recently it entered into a merger with Superlatus Inc. On August 3, the company announced that it had appointed a new Chief Operating Officer in the form of Forbes Fisher and a Chief Innovations and Food Technology Officer in Dr.

Eugenio Bortone. Forbest is a highly experienced professional, with food service industry experience spanning more than a quarter of a century. He would be responsible for leading product innovation and information technology efforts. Additionally, Fisher would also work on boosting sales and optimizing the supply chain to bring about growth and profits. Dr. Borton is one of the biggest food scientists in the world and has created the Twisted Cheetos from Frito Lay. Both expressed their excitement at having joined the organization.

Air Transport Services Group Inc. (NASDAQ: ASTG): Air Transport Services Group Inc., which is a leading medium-wide body aircraft, contracted air transport, and associated services provider, announced its financial results for the second fiscal quarter ended June 30, 2023, on August 3. The revenues came in at $529 million, which worked out to a year-on-year rise of 4%. The pre-tax earnings hit $50 million; however, it was lower than the figure of $69 million under the same overhead in the year-ago period.

The company also noted that since October last year, it had bought back 3.9 million shares. In the second quarter, it bought back 950,000 shares. The Chief Executive Officer and President of the company, Rich Corrado, noted that the performance in the second quarter indicated that Air Transport Services Group had rebounded from the performance in the passenger airline operations segment in the first quarter. He also projected that capital spending for 2023 would be $785 million, which would be lower by $65 million from previous projections.

Grid Dynamics Holdings Inc. (NASDAQ: GDYN)—Enterprise-level digital transformation leader Grid Dynamics Holdings Inc. announced its financial results for the quarter ended June 30, 2023, on August 3. The company recorded revenues of $77.3 million, which worked out to declines of 6.2% on a sequential basis and 1.1% on a year-on-year basis. It was further noted that retail was the biggest vertical and contributed 33.7% of revenues.

The retail segment also grew 2.5% on a sequential basis and 2.3% year over year. Leonard Livschitz, the Chief Executive Officer of Grid Dynamics Holdings, spoke about the performance as well. He noted that he was excited at the achievements of the company in the second fiscal quarter and went on to note that the company had also signed up large enterprise customers in the quarter.

Perdoceo Education Corporation (NASDAQ: PRDO) Last Thursday, Perdoceo Education Corporation announced its financial results for the quarter that concluded on June 30, 2023. The revenues went up 11.3% year on year to hit $186.6 million, and that was mainly due to an 18.7% year-on-year rise in CTU. The operating income went up 41.7% year over year to touch $48.1 million.

The adjusted operating income stood at $55.2 million, which reflected a year-on-year rise. The earnings per diluted share came in at $0.80 a share as compared to $0.37 a share in the prior-year period. The company ended the year with cash, restricted cash, cash equivalents, and short-term investments of $578.1 million.