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Investing.com - Cantor Fitzgerald initiated coverage on Abaxx Technologies (OTCBB:ABXX) with an Overweight rating and a price target of $81.00, representing significant upside from the current price of $23.70. The company has a market capitalization of approximately $817 million.
The research firm views Abaxx’s commodities exchange and integrated technology platform as addressing issues in trading for certain commodities, both globally and regionally, as well as industry-specific trading challenges caused by competitors’ legacy technology infrastructure.
Cantor Fitzgerald identified several near-term catalysts for Abaxx, including building liquidity among its existing suite of contracts, particularly in LNG, and FBOT approval expected between Q4 2025 and Q1 2026, which would enable trading from U.S. clients. InvestingPro data shows the stock has delivered impressive returns, with a 201.83% gain over the past year and 225.78% over the last six months.
The firm’s target price is based on a sum-of-the-parts valuation primarily composed of a discounted cash flow valuation for Abaxx Exchange. The company currently trades at a P/E ratio of -23.86, with analysts forecasting an EPS of -$1.07 for fiscal year 2025.
Cantor Fitzgerald highlighted the September 2025 financing announcement with a strategic investor for $30.7 million at $30.70 per unit as "another stamp of approval" regarding Abaxx’s strategic direction and an indication that the market is currently undervaluing the firm. Investors can access the comprehensive Pro Research Report and additional financial insights for ABXX through InvestingPro, which covers over 1,400 US equities with expert analysis.
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