DNA Stock Alert: Ginkgo Bioworks Plunges on Plan for Reverse Stock Split

MKDWELL M stock is on the rise Friday after the technology company’s shares started trading today following a special purpose acquisition company (SPAC) merger.

This saw MKDWELL combine with SPAC Cetus Capital Acquisition Corp. at the end of July 2024. Following that, shares of MKDW stock started trading yesterday on a post-merger basis.

Ming-Chia Huang is leading MKDWELL following the merger. This has him acting as the founder, chairman and CEO of the company. Min-jie Cui is acting as the Chief Financial Officer of the company. Ming-Chao Huang is serving as the executive chairman of the board of directors.

MKDWELL is a technology company focused on operations in mainland China and Taiwan. The company seeks to develop state-of-the-art research and manufacturing facilities in these areas.

MKDW Stock Movement

Shares of MKDX stock are rising higher on Friday with a 53% gain as of this morning. That’s quite the jump considering the shares only started trading publicly yesterday. It also comes with 14.6 million shares traded as of this writing.

One thing investors will want to be careful about is taking a stake in MKDW stock right now. SPAC merger stocks can sometimes undergo extreme rallies in the days after going public. This could mean it loses its value in the days to come.

Investors will also want to stick around for more of the most recent stock market stories today!

We have all of the hottest stock market news investors need to know about on Friday! That includes everything happening with shares of 23andMe  stock, Trump Media & Technology Group  stock and Spirit Airlines  layoffs today. You can read up on all of these matters at the following links!

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More from InvestorPlace

• AI Could Be Smarter Than You by 2030, So Buy These AI Stocks
• Powell Greenlights a Market Surge
• Dashed Stimulus Hopes Drive Chinese EV Stocks Down

23andMe stock is in the news Friday as investors react to the company’s co-founder offering to take it private in a $200 million deal.

According to a 23andMe press release, chairman and CEO Anne Wojcicki is willing to pay 40 cents per share for ME stock to take the company private. That roughly matches the value of the stock over the last few days.

23andMe’s special committee is going over the offer and has brought in Wells Fargo as a financial advisor and Dechert LLP for legal advice. It intends to act in the best interest of ME stockholders and warns there may not be a deal at the end of its evaluation.

What to Know About the ME Stock Offer

Wojcicki, who founded 23andMe in 2006, is making this offer in a time of turbulence for ME stock. The company’s shares have been trading below $1 for almost a year now. That has them in danger of being delisted by the Nasdaq Exchange.

Going private would eliminate this threat as it would remove ME stock from public exchanges. It could also act as a solution to the company already exploring strategic alternatives.

ME stock is up 1.1% as of Friday morning but is down 57.4% year-to-date.

Investors will want to stick around for more of the most recent stock market stories!

We have all of the hottest stock market news that traders need to know about on Friday!

A few examples include what’s going on with Spirit Airlines layoffs, Chevron  earnings and more. All of this news is ready to go at the links below!

More Stock Market News for Monday

• Spirit Airlines Layoffs 2024: What to Know About the Latest Pilot Job Cuts
• CVX Stock Stumbles as Chevron Misses on Earnings. The Company Is Moving to Texas.
• Why Are Stocks Down Today?

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More from InvestorPlace

• AI Could Be Smarter Than You by 2030, So Buy These AI Stocks
• Powell Greenlights a Market Surge
• Dashed Stimulus Hopes Drive Chinese EV Stocks Down

For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.

Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.

What if you'd invested in Badger Meter ten years ago? It may not have been easy to hold on to BMI for all that time, but if you did, how much would your investment be worth today?

Badger Meter's Business In-Depth

With that in mind, let's take a look at Badger Meter's main business drivers.

Incorporated in 1905 and headquartered in Milwaukee, WI, Badger Meter, Inc. is a leading provider of water solutions, which include flow measurement, quality and other system parameters. The company’s products measure water, oil, chemicals, and other fluids and are known for accuracy, long-lasting durability, and for providing valuable and timely measurement data. The company’s cloud-hosted software suite, BEACON, allows consumer engagement tools that permit end-water customers to view and manage their water usage activity. The ORION branded family of radio endpoints includes ORION , ORION applications, and ORION Cellular for an infrastructure-free AMI solution.

Badger Meter’s product lines fall into two categories — utility water and flow instrumentation. The utility water product line consists of either mechanical or static (ultrasonic) water meters and related radio and software technologies and services that are used by water utilities to generate water and wastewater revenues. Badger Meter estimates that about 70% of water meters installed in the United States have been converted to some form of radio solution technology.

The flow instrumentation product line mainly caters to water applications in the wider industrial markets. This product line consists of meters, valves, and other sensing devices for measuring and controlling the volume of liquids and gases, such as water, air, and steam, that pass through a pipe or pipeline. Badger Meter estimates that more than 90% of its products are used in water-related applications. Typically, flow instrumentation instruments are sold through manufacturers' agents and to original equipment manufacturers as the main flow-measuring component of a system or product.

Bottom Line

Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Badger Meter, if you bought shares a decade ago, you're likely feeling really good about your investment today.

According to our calculations, a $1000 investment made in August 2014 would be worth $8,201.34, or a gain of 720.13%, as of August 2, 2024, and this return excludes dividends but includes price increases.

The S&P 500 rose 182.92% and the price of gold increased 81.52% over the same time frame in comparison.

Looking ahead, analysts are expecting more upside for BMI.

Badger Meter’s second-quarter performance benefited from solid customer demand for its unique smart water solutions and disciplined operational execution. The rapid adoption of cellular AMI solutions, including E-Series ultrasonic meters, ORION Cellular endpoint sales and higher BEACON Software-as-a-Service sales propelled the top-line growth. An incremental customer backlog conversion was a plus. Margins are gaining from higher volumes and positive SEA leverage. A debt-free balance sheet and frequent product launches bode well. With the launch of BlueEdge in the second quarter, it aims to expand global market penetration. However, it expects to witness tougher year-over-year comparisons as the year progresses and expects higher expenses owing to accretive investment strategies. A rise in copper prices is a headwind. Shares have gained 7.08% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.

Zacks Investment Research