Double Digit NASDAQ Stock Winners: ERYP, AHPI, MRIN

8:04 am Monday, August 02nd, 2021

Following are major stock gainers on Nasdaq in Friday’s trading session:

ERYTECH Pharma S.A. (NASDAQ:ERYP) was the active stock gainer on Friday and soared 55% to $6.37. The company announced that the U.S. Food and Drug Administration (FDA) has granted eryaspase Fast Track designation for the treatment of acute lymphocytic leukemia (ALL) patients who have developed hypersensitivity reactions to E. coli-derived pegylated asparaginase (PEG-ASNase). Asparaginase has been an integral component of ALL treatment for several years but is associated with treatment-limiting hypersensitivity in up to 30% of patients.

Allied Healthcare Products, Inc. (NASDAQ:AHPI) was another notable winner as the stock went up 39% to end the session at $8.25. Allied Healthcare (NASDAQ:AHPI) stock is seeing massive gains on Friday as one expert believes the stock could be heading to the $10 mark.

Will Meade, a former hedge fund manager turned Twitter (NYSE:TWTR) stock influencer with more than 200,000 followers, is predicting that a short squeeze could push AHPI stock up to $10 per share. Meade has a few reasons for making this claim. First off, he notes that Allied Healthcare is a company that manufactures oxygen cylinders and respiratory products. That makes it a perfect target for growth alongside other stocks connected to the novel coronavirus pandemic.

Marin Software Incorporated (NASDAQ:MRIN) surged 28% to $6.28. Net revenues totaled $6.1 million, a year-over-year decrease of 16% when compared to $7.3 million in the second quarter of 2020. GAAP loss from operations was ($3.0) million, resulting in a GAAP operating margin of (49%), as compared to a GAAP loss from operations of ($4.5) million and a GAAP operating margin of (62%) for the second quarter of 2020.

Non-GAAP loss from operations was ($2.8) million, resulting in a non-GAAP operating margin of (46%), as compared to a non-GAAP loss from operations of ($3.6) million and a non-GAAP operating margin of (49%) for the second quarter of 2020.