CEA Industries Inc. (BNC) Stock Jumps 7.0%: Will It Continue to Soar?

CEA Industries Inc. (BNC) shares soared 7% in the last trading session to close at $8.13. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 55.5% loss over the past four weeks.Shares of CEA Industries are likely to have gained on optimism surrounding its strategic initiatives. The company is advancing its Digital Asset Treasury (DAT) strategy, aiming to own 1% of BNB’s total supply by the end of 2025 to enhance long-term value. Also, the recent acquisition of Fat Panda marks a major step into the high-growth vape industry, reflecting continued efforts to expand and diversify operations.This company is expected to post quarterly earnings of $0.81 per share in its upcoming report, which represents a year-over-year change of +186.2%. Revenues are expected to be $8.6 million, up 2105.1% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For CEA Industries Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BNC going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>CEA Industries Inc. is part of the Zacks Engineering - R and D Services industry. Mayville Engineering (MEC), another stock in the same industry, closed the last trading session 0.9% higher at $13.71. MEC has returned -4.9% in the past month.For Mayville Engineering, the consensus EPS estimate for the upcoming report has changed -10.5% over the past month to $0.05. This represents a change of -64.3% from what the company reported a year ago. Mayville Engineering currently has a Zacks Rank of #4 (Sell).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CEA Industries Inc. (BNC): Free Stock Analysis Report Mayville Engineering Company, Inc. (MEC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks