Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Equity Bottom-Up

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<li>Key 2Q24 takeaways include: 1) DeFi Alpha's proprietary trading desk is increasingly adding another powerful driver to the company's differentiated revenue model</li>
<li>2) the pending acquisition of Stillman Digital further augments and diversifies DEFTF's customer base and revenue opportunities</li>
<li>3) management recently adopted cryptocurrencies as the company's primary treasury reserve asset to mitigate the effects of inflation and generate higher yields on excess liquidity</li>
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Key 2Q24 takeaways include: 1) DeFi Alpha's proprietary trading desk is increasingly adding another powerful driver to the company's differentiated revenue model
2) the pending acquisition of Stillman Digital further augments and diversifies DEFTF's customer base and revenue opportunities
3) management recently adopted cryptocurrencies as the company's primary treasury reserve asset to mitigate the effects of inflation and generate higher yields on excess liquidity


Blowout Quarter Led by DeFi Alpha Raising 2024 EPS Estimate & Price Target

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<li>Key 1Q24 takeaways include: 1) stepped up earnings power following recent deleveraging that cuts interest expense and unlocks higher-yielding AUM 2) sustainable demand for Valour's ETPs despite near-term crypto volatility and 3) ongoing product development focused on innovative and differentiated offerings that facilitate access and exposure to digital assets via secure, liquid, and yield-bearing vehicles.</li>
<li>We are raising our 2024 and 2025 EPS estimates from $0.08/$0.40 to $0.12/$0.51 reflecting higher trading/staking fees, as DEFTF's revenue model continues to evolve, combined with lower interest expense.</li>
<li>Stepping back, we believe DEFTF remains well positioned for accelerating growth driven by the firm's diversified digital assets platform, rising demand for crypto ETPs more broadly, ongoing product development, durable regulatory competitive advantages, and an increasingly potent earnings profile.</li>
</ul>


Key 1Q24 takeaways include: 1) stepped up earnings power following recent deleveraging that cuts interest expense and unlocks higher-yielding AUM 2) sustainable demand for Valour's ETPs despite near-term crypto volatility and 3) ongoing product development focused on innovative and differentiated offerings that facilitate access and exposure to digital assets via secure, liquid, and yield-bearing vehicles.
We are raising our 2024 and 2025 EPS estimates from $0.08/$0.40 to $0.12/$0.51 reflecting higher trading/staking fees, as DEFTF's revenue model continues to evolve, combined with lower interest expense.
Stepping back, we believe DEFTF remains well positioned for accelerating growth driven by the firm's diversified digital assets platform, rising demand for crypto ETPs more broadly, ongoing product development, durable regulatory competitive advantages, and an increasingly potent earnings profile.


DeFi Technologies Inc - Strength Beneath the Surface Raising EPS Estimates

Canada

DeFi Technologies Inc. provides financial services. The Company provides retail and institutional investors with access to disruptive asset classes.

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Defi Technologies (DEFI CN)

Blowout Quarter Led by DeFi Alpha Raising 2024 EPS Estimate & Price Target

Key 2Q24 takeaways include: 1) DeFi Alpha's proprietary trading desk is increasingly adding another powerful driver to the company's differentiated...

Zacks Small Cap Research

DeFi Technologies Inc - Strength Beneath the Surface Raising EPS Estimates

Key 1Q24 takeaways include: 1) stepped up earnings power following recent deleveraging that cuts interest expense and unlocks higher-yielding AUM

Zacks Small Cap Research

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52-week Range

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