PRISM Mid-Day Movers: Psychedelics and NextGen Tech & AI are Today’s Leaders.
Shares of Enveric Biosciences, Inc. (Nasdaq: ENVB) are exploding higher, trading at $4.2332, up 132.59% on the day after gapping up from a previous close of $1.82 and touching an intraday high of $5.4293 on more than 139 million shares versus average volume of about 562,000. The psychedelic‑drug developer just closed a $5 million first tranche of a private placement that could bring in up to $13.9 million gross proceeds via warrant coverage, and the surge is being amplified by a new U.S. patent covering its EVM301 neuroplastogen series (including lead candidate EB‑003) plus a Trump executive order directing the FDA to accelerate review of psychedelic‑based therapies, turning ENVB into a hyper‑momentum micro‑cap where regulatory headlines and fresh capital are overpowering near‑term fundamentals like a −36.24 EPS and a market cap of only $2.53 million coming into today’s session.
Shares of Wearable Devices Ltd. (Nasdaq: WLDS) are ripping higher, recently trading at $2.655, up 75.83% on the day after opening at $2.55 and touching an intraday high of $3.24 on extremely heavy volume of about 111.25 million shares versus an average of just 86,185. The neural‑input wearables company—known for its Mudra Band and Mudra Link wristbands that translate subtle hand and wrist signals into digital commands—has been launching AI‑focused initiatives like its ai6 Labs platform and signing new distribution and AR/VR partnerships, and today’s surge looks like a momentum‑driven squeeze in a micro‑cap that still has only $796,877 in market value and deeply negative earnings per share of −6.53.
Other Notable Movers:
PharmaTher Holdings Ltd. (PHRFF) up 38%
EdgeMode (EDGM) up 28%
HUB Security (HUBC) down -27%
