Noble Financial Stock Recommendations and Price Targets

This is a list of recent ratings by Noble Financial.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
11/11/2024	ZOM Zomedica	Upgrade	$0.00		Strong-Buy	N/A
11/11/2024	GEO The GEO Group	Downgrade	$27.00		Outperform ➝ Market Perform	N/A
10/17/2024	BTM Bitcoin Depot	Upgrade	$2.00		Strong-Buy	Low
10/9/2024	SCS Steelcase	Initiated Coverage	$13.00	$16.00	Outperform	Low
10/7/2024	IPOOF InPlay Oil	Upgrade	$1.00		Strong-Buy	Medium
10/7/2024	IPO InPlay Oil	Upgrade	C$2.00		Strong-Buy	N/A
9/24/2024	LWAY Lifeway Foods	Downgrade	$24.00		Outperform ➝ Market Perform	High
9/23/2024	GLDD Great Lakes Dredge & Dock	Boost Price Target	$12.00	$11.00 ➝ $14.00	Outperform ➝ Outperform	Low
9/3/2024	LWAY Lifeway Foods	Boost Price Target	$24.00	$20.00 ➝ $25.00	Outperform ➝ Outperform	Low
8/19/2024	GOVX GeoVax Labs	Boost Price Target	$2.00	$6.00 ➝ $10.00	Outperform ➝ Outperform	Low
8/12/2024	LODE Comstock	Upgrade	$0.00	$2.60	Market Perform ➝ Outperform	Low
7/29/2024	EDRY EuroDry	Upgrade	$15.00		Strong-Buy	Low
7/23/2024	SHIP Seanergy Maritime	Upgrade	$9.00		Strong-Buy	Low
7/17/2024	HME Hemisphere Energy	Upgrade	C$2.00		Strong-Buy	N/A
7/10/2024	ESEA Euroseas	Upgrade	$43.00		Strong-Buy	Low
6/28/2024	RAIL FreightCar America	Upgrade	$10.00		Strong-Buy	Low
6/24/2024	VNCE Vince	Initiated Coverage	$2.00	$3.00	Outperform	Low
6/24/2024	GHM Graham	Initiated Coverage	$40.00	$35.00	Outperform	Low
6/12/2024	CXW CoreCivic	Downgrade	$21.00		Strong-Buy ➝ Hold	Low
6/12/2024	ESEA Euroseas	Boost Price Target	$43.00	$49.00 ➝ $53.00	Outperform ➝ Outperform	Low
6/11/2024	AZZ AZZ	Upgrade	$83.00	$95.00	Market Perform ➝ Outperform	Low
5/30/2024	LWAY Lifeway Foods	Upgrade	$24.00	$20.00	Market Perform ➝ Outperform	Low
5/29/2024	ARU Aurania Resources	Upgrade	C$0.00		Hold ➝ Strong-Buy	N/A
5/29/2024	RGP Resources Connection	Initiated Coverage	$8.00	$15.00	Outperform	Low
4/29/2024	SKYX SKYX Platforms	Initiated Coverage	$1.00	$5.00	Outperform	Low
4/15/2024	NNBR NN	Initiated Coverage	$4.00	$6.00	Outperform	Low
4/1/2024	TSQ Townsquare Media	Boost Price Target	$10.00	$20.00 ➝ $21.00	Outperform ➝ Outperform	Low
3/27/2024	LWAY Lifeway Foods	Reiterated Rating	$24.00		Outperform ➝ Market Perform	Low
3/27/2024	DRCT Direct Digital	Reiterated Rating	$2.00		Outperform ➝ Market Perform	Low
3/22/2024	AZZ AZZ	Downgrade	$83.00	$75.00	Outperform ➝ Market Perform	Low
3/18/2024	SHIP Seanergy Maritime	Boost Price Target	$9.00	$10.00 ➝ $12.00	Outperform ➝ Outperform	Low
3/14/2024	CNDT Conduent	Initiated Coverage	$4.00	$9.00	Outperform	Low
2/29/2024	SLQT SelectQuote	Initiated Coverage	$2.00	$5.00	Outperform	Low
2/28/2024	CMLS Cumulus Media	Reiterated Rating	$1.00		Outperform ➝ Market Perform	Low
2/26/2024	LWAY Lifeway Foods	Upgrade	$24.00	$14.00	Market Perform ➝ Outperform	Low
2/14/2024	UNCY Unicycive Therapeutics	Initiated Coverage	$0.00	$6.00	Outperform	Low
2/6/2024	HAYN Haynes International	Downgrade	$61.00		Outperform ➝ Market Perform	Low
12/18/2023	CVKD Cadrenal Therapeutics	Initiated Coverage	$16.00	$4.00	Outperform	Low
11/27/2023	LWAY Lifeway Foods	Downgrade	$24.00		Outperform ➝ Market Perform	Low
11/14/2023	LWAY Lifeway Foods	Upgrade	$24.00	$13.00	Market Perform ➝ Outperform	Low
9/27/2023	ELDN Eledon Pharmaceuticals	Initiated Coverage	$4.00	$10.00	Outperform	Low
9/25/2023	LWAY Lifeway Foods	Downgrade	$24.00		Outperform ➝ Market Perform	Low
9/21/2023	QSG QuantaSing Group	Initiated Coverage	$3.00	$10.00	Outperform	Low
9/7/2023	BTM Bitcoin Depot	Initiated Coverage	$2.00	$9.00	Outperform	Low
9/7/2023	BSET Bassett Furniture Industries	Reiterated Rating	$15.00		Outperform ➝ Market Perform	Low
8/31/2023	VRA Vera Bradley	Boost Price Target	$5.00	$8.00 ➝ $10.00	Outperform ➝ Outperform	Low
8/24/2023	LWAY Lifeway Foods	Boost Price Target	$24.00	$10.00 ➝ $12.00	Outperform ➝ Outperform	Low
8/23/2023	ODP ODP	Initiated Coverage	$25.00	$65.00	Outperform	Low
8/21/2023	AZZ AZZ	Initiated Coverage	$83.00	$60.00	Outperform	Low
8/14/2023	RICK RCI Hospitality	Lower Price Target	$49.00	$150.00 ➝ $125.00	Outperform ➝ Outperform	Low
8/11/2023	OSS One Stop Systems	Reiterated Rating	$2.00		Outperform ➝ Market Perform	Low
5/31/2023	SGA Saga Communications	Initiated Coverage	$12.00	$27.00	Outperform	Low
4/13/2023	SNAL Snail	Initiated Coverage	$1.00	$9.00	Outperform	Low
3/15/2023	ORN Orion Group	Initiated Coverage	$8.00	$6.00	Buy	Low
2/21/2023	MAIA MAIA Biotechnology	Initiated Coverage	$2.00	$14.00	Outperform	N/A
2/16/2023	HAYN Haynes International	Initiated Coverage	$61.00	$65.00	Outperform	Low
2/7/2023	LGO Largo	Initiated Coverage	$2.00	$11.00	Outperform	Low
2/6/2023	NEGG Newegg Commerce	Initiated Coverage	$1.00	$3.50	Outperform	Low
2/1/2023	ARLP Alliance Resource Partners	Initiated Coverage	$27.00	$32.00	Buy	Low
2/1/2023	MSGM Motorsport Games	Reiterated Rating	$1.00		Outperform ➝ Market Perform	N/A
1/19/2023	IPO InPlay Oil	Reiterated Rating	C$2.00	C$6.00	Buy	N/A
1/13/2023	NKOSF Labrador Gold	Initiated Coverage	$0.00	$0.55	Buy	N/A
12/20/2022	EFR Energy Fuels	Reiterated Rating	C$9.00	C$13.00	Buy	N/A
12/1/2022	CVGI Commercial Vehicle Group	Initiated Coverage	$2.00	$10.00	Outperform	Low
11/28/2022	PDSB PDS Biotechnology	Boost Price Target	$2.00	$19.00		Low
11/17/2022	BSGM BioSig Technologies	Lower Price Target	$2.00	$20.00		Low
11/16/2022	LWAY Lifeway Foods	Upgrade	$24.00	$10.00	Market Perform ➝ Outperform	Low
11/16/2022	KELYA Kelly Services	Lower Price Target	$14.00	$25.00		Low
11/15/2022	EFR Energy Fuels	Reiterated Rating	C$9.00	C$13.00	Buy	N/A
11/15/2022	KTOS Kratos Defense & Security Solutions	Lower Price Target	$24.00	$18.00		Low
11/1/2022	CMLS Cumulus Media	Lower Price Target	$1.00	$20.00		Low
10/14/2022	IPO InPlay Oil	Reiterated Rating	C$2.00	C$6.00	Buy	N/A
9/6/2022	FLWS 1-800-FLOWERS.COM	Lower Price Target	$8.00	$13.00		Low
8/24/2022	QMCI QuoteMedia	Initiated Coverage	$0.00	$0.35	Buy	Low
8/15/2022	SMT Sierra Metals	Lower Price Target	C$1.00	C$2.25	Buy	N/A
8/12/2022	IPO InPlay Oil	Reiterated Rating	C$2.00	C$6.00	Buy	N/A
8/8/2022	CDE Coeur Mining	Downgrade	$6.00		Outperform ➝ Market Perform	Low
7/29/2022	SMT Sierra Metals	Reiterated Rating	C$1.00	C$2.50	Buy	N/A
7/20/2022	ESKYF Eskay Mining	Initiated Coverage	$0.00	$2.90	Outperform	Low
7/18/2022	MGROF MustGrow Biologics	Initiated Coverage	$1.00		Market Perform	N/A
7/12/2022	DRCT Direct Digital	Initiated Coverage	$2.00	$5.50	Outperform	Low
7/11/2022	ORTIF Ortho Regenerative Technologies	Initiated Coverage	C$0.00	C$1.35	Outperform	N/A
6/30/2022	NKOSF Labrador Gold	Initiated Coverage	$0.00	$0.60	Outperform	N/A
6/24/2022	INDO Indonesia Energy	Upgrade	$3.00	$15.00	Market Perform ➝ Outperform	Low
6/16/2022	VRA Vera Bradley	Initiated Coverage	$5.00	$8.00	Outperform	Low
6/13/2022	CMTL Comtech Telecommunications	Upgrade	$3.00	$12.00	Market Perform ➝ Outperform	High
5/20/2022	EFR Energy Fuels	Initiated Coverage	C$9.00	C$13.00	Buy	N/A
5/20/2022	UUUU Energy Fuels	Initiated Coverage	$7.00	$13.00	Buy	N/A
5/20/2022	SHIP Seanergy Maritime	Reiterated Rating	$9.00	$1.50	Outperform	Low
5/16/2022	TSE Trinseo	Reiterated Rating	$3.00		Buy	Medium
5/13/2022	SMT Sierra Metals	Reiterated Rating	C$1.00	C$2.75	Buy	N/A
5/12/2022	PDSB PDS Biotechnology	Reiterated Rating	$2.00	$22.00	Buy	Medium
5/12/2022	COCP Cocrystal Pharma	Reiterated Rating	$2.00	$60.00	Buy	High
4/19/2022	MGMLF Maple Gold Mines	Initiated Coverage	$0.00	$0.50	Outperform	Medium
4/18/2022	TNXP Tonix Pharmaceuticals	Initiated Coverage	$0.00	$3,840.00	Outperform	High
4/14/2022	EFR Energy Fuels	Reiterated Rating	C$9.00	C$13.00	Buy	N/A
3/30/2022	ARLP Alliance Resource Partners	Initiated Coverage	$27.00	$22.00	Outperform	Low
3/18/2022	SMT Sierra Metals	Reiterated Rating	C$1.00	C$2.75	Buy	N/A
3/16/2022	ALVOF Alvopetro Energy	Initiated Coverage	$3.00		Outperform	Medium
3/16/2022	DFMTF Defense Metals	Initiated Coverage	C$0.00	C$0.90	Outperform	Low