October 11th, 2023 | 08:10 CEST
Attention Price Jump! Tui, Plug Power and Defence Therapeutics with News
Alarm at Tui and Deutsche Lufthansa. Both stocks are influenced by the terrorist attack in Israel this week. While the oil price is surging, aviation and tourism stocks are declining. The Tui share had already been trending weakly before. Even the leap into the profit zone could not change this. And what do analysts say? Meanwhile, Defence Therapeutics shone with positive news on a cancer therapy. As a result, the biotech share gained yesterday, offering further potential for price increases. Plug Power's share price rose by a good 7% yesterday. What is behind this?
time to read: 3 minutes
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Author:
Fabian Lorenz
ISIN:
TUI AG NA O.N. | DE000TUAG505 , PLUG POWER INC. DL-_01 | US72919P2020 , DEFENCE THERAPEUTICS INC | CA24463V1013
Table of contents:
"[...] As a company dedicated to developing treatments for rare heart diseases, we see this as an opportune moment to contribute to the fight against heart disease and make meaningful strides in improving heart health worldwide. [...]" David Elsley, CEO, Cardiol Therapeutics Inc.
Author
Fabian Lorenz
For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.
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Defence Therapeutics Now Combating Pancreatic Cancer
The reason for yesterday's share price jump: The unconjugated Accum™ molecule developed by Defence Therapeutics helps fight cancer in two ways, according to a peer-reviewed study. It was published under the title "Intratumoral administration of unconjugated Accum impairs the growth of pre-established solid lymphoma tumors" in the renowned scientific journal (Cancer Science). From Defence Therapeutics' point of view, the effects of Accum™ are highly interesting and unexpected, as the induction of immunogenic cell death introduces an additional immune component that could turn a "cold" tumor into a "hot" one with increased infiltration of immune cells.
According to the study, Accum™ has many advantages over molecules detected by high-throughput screening. Thus, cancer cells are targeted in two ways at once. First, by directly triggering cell death of various cancer cell lines (T-cell lymphoma, colorectal cancer, melanoma and breast cancer). Secondly, it also acts indirectly by "alerting" the immune system of the affected individual to fight the cancer cells. From Defence Therapeutics' perspective, the study also provides new avenues of research in which more potent Accum™ variants could be tested as an injectable anti-cancer drug.
The announcement shows that Defence Therapeutics has a highly exciting pipeline. If the positive share price reaction continues in the coming days, the downward trend that has persisted since January could be broken, and an exciting entry opportunity could present itself to investors. From the current price level of EUR 1.75 to the January high, there is a price opportunity of almost 100%.
Tui: Rebound after all-time low?
Analysts currently see few price opportunities for the Tui share. Following the quarterly figures, UBS, Bernstein and Jefferies, among others, advise holding the shares of the tourism group. Barclays has at least raised the price target from GBP 4.7 to GBP 6.9. This was also due to a consumer survey with positive results, indicating that foreign trips are still planned for the next twelve months. Nevertheless, the analysts maintain their "Underweight" rating. Only Deutsche Bank currently recommends buying into the tourism group. After a surprisingly strong third quarter, the outlook for the final quarter is also positive. Therefore, their price target is EUR 9.80.
Tui reported a return to profit for the third quarter. 5.5 million guests traveled with Tui in Q3 2023, representing a year-on-year increase of 9%. The tourism group generated around EUR 5.3 billion in revenue with them, 19% more than in the prior year. Adjusted EBIT improved significantly in Q3 2023 by EUR 196.5 million to EUR 169.4 million (Q3 2022: EUR -27.0 million loss). Due to the good booking situation for Q4, the forecast for the full year was also confirmed. Tui expects a significant increase in adjusted EBIT. Nevertheless, the share is at an all-time low of around EUR 5.
Plug Power: Bottom reached?
The Plug Power share sent out a sign of life yesterday. After reaching a multi-year low the previous day, it gained more than 7% yesterday and almost reached USD 7. To put this in perspective, the high for the year is USD 17.38. There was no corporate news responsible for the price jump.
Things will get interesting for Plug Power shareholders at the latest on November 9. That is when the Company will report on its third-quarter developments. Hopefully, there will also be concrete information about financing until reaching the break-even point. In recent months, there has been repeated speculation about a capital increase.
The latest news came from a supplier of Plug Power. Cell Impact reported receiving an order from Plug Power with a volume of SEK 22 million. Thus, Cell Impact will manufacture bipolar plates and related products and deliver them to the US company in the first half of 2024. A bipolar plate consists of two poles of a single fuel cell: the hydrogen-carrying anode plate (the negative (-) pole) and the cathode plate (the positive (+) pole) for feeding the reaction air.
Yesterday's announcement should provide new momentum for Defence Therapeutics' stock. It demonstrates that the Company is building an attractive pipeline. This not only makes the stock interesting for shareholders but may also position the Company as a takeover candidate. At Tui, the operational development seems positive, but the unsuccessful capital increase from the spring still appears to weigh on the stock. The share price speaks a clear language, and analysts are also cautious. Caution also seems warranted for Plug Power. The Group must finally communicate whether a capital increase is coming or how else financing can be secured until reaching the break-even point.
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