Solid state batteries, AI diagnostics and autonomous vehicles

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FOCUS LIST🔎

RNLX - Up over 50% in the pre-market  after announcing collaboration with Steno Diabetes Center to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease (DKD) in first expansion for KidneyIntelX platform beyond US

CYN - Up over 40% in pre after announcing  the expansion of its dealer network to include Alta Equipment Group, a company with more than $1bn in annual sales

QS - Up over 40% in pre after agreement with Volkswagen’s battery unit PowerCo to massively ramp up production of solid-state batteries pending technological progress and certain royalty payments

HOTLIST🔥

RNLX - Up over 50% in the pre-market  after announcing collaboration with Steno Diabetes Center to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease (DKD) in first expansion for KidneyIntelX platform beyond US

Renalytix Plc (RNLX) develops artificial intelligence-enabled in vitro diagnostic solutions for kidney diseases. 

In the pre-market this morning, the company announced a collaboration with the Steno Diabetes Center, Copenhagen, to advance translation of precision medicine solutions for patients with Diabetes and Chronic Kidney Disease (DKD). 

The initial focus of the collaboration will be on developing a roadmap for implementation of KidneyIntelX at the Steno Diabetes Center and affiliated practices.

Through this collaboration Renalytix and Steno will investigate core elements necessary for successful clinical translation of KidneyIntelX in a European context. Importantly, this is expected to launch the first use of Renalytix’s KidneyIntelX platform outside the US to showcase the clinical utility in the EU by utilizing advanced technology to provide better informed care for solving chronic kidney disease.

Steno Diabetes Center Copenhagen, which offers tailored diabetes treatment for people with diabetes, has been at the forefront of innovation in diabetes care since its inception and has been proclaimed by the World Economic Forum to be a world-leading role model from which other countries and healthcare systems can learn.

RNLX trade up over 50% in the pre-market in reaction to the news.

The $0.44 area has acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $0.50, $0.59 and then the pre-market high at $0.62. Beyond that, $0.68, $0.80, $0.90 and $1 come into play. 

Below $0.44, targets to the downside are $0.41, $0.35 and then a gap fill at $0.3019.

CYN - Up over 40% in pre after announcing  the expansion of its dealer network to include Alta Equipment Group, a company with more than $1bn in annual sales

Cyngn Inc. (CYN) an autonomous vehicle (AV) technology company, develops autonomous driving software.

In the pre-market this morning, the company announced the expansion of its dealer network to include Alta Equipment Group, a company with more than $1bn in annual sales.

Alta Equipment Group, the purveyor of both construction and material handling equipment will begin selling Cyngn's autonomous DriveMod Tugger. The DriveMod Tugger bundles Cyngn's autonomous vehicle technology with Motrec's MT-160.

"Alta has an impressive record of sales, and we are thrilled to have Cyngn's autonomous vehicles included in their catalog," said Lior Tal, CEO of Cyngn.

Shares of CYN traded over 40% higher in the pre-market in reaction to the news.

$6.25 acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $6.82, $7, and then the pre-market high at $7.44. Beyond that, $8.33 and $9 come into play.

Below $6.25, targets to the downside are $6, $5.50, $4.50, $4 and then $3.96.

QS - Up over 40% in pre after agreement with Volkswagen’s battery unit PowerCo to massively ramp up production of solid-state batteries pending technological progress and certain royalty payments

QuantumScape Corporation (QS) is a research and development stage company that focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications.

In the pre-market this morning the company announced a landmark agreement with Volkswagen’s battery unit PowerCo to massively ramp up production of solid-state batteries pending technological progress and certain royalty payments.

Upon satisfactory technical progress and certain royalty payments, QuantumScape will grant PowerCo the license to mass produce battery cells based on QuantumScape’s technology platform.

QS traded up over 40% in the pre-market in reaction to the news.

The first target for bulls is the pre-market high at $7.98. 

Beyond that $9.35, $10, $10.25 and $11 come into play.

Below $7.98, targets to the downside are $7.10, $6.90, $6.65, $6.25, $6, $5.50 and then a gap fill at $5.41.

MARKET NEWS 📰

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