Hot or Not, Stock Market Edition: 03/20/2025

There’s plenty of movement in both directions in the market right now — here are some notable stories we’re following:

• HOT: Heritage Insurance Holdings (NYSE: HRTG) climbs on insider buying news; Ncs Multistage Holdings (NASDAQ: NCSM) is on a serious tear
• NOT: Uncertainty about cannabis reform leaves Agrify (NASDAQ: AGFY) in the lurch; Tesla’s (NASDAQ: TSLA) nosedive continues.

P.S. For more stocks making moves, check out our new Zen Ratings Upgrades & Downgrades screener.

🔥 HOT: A positive fourth-quarter earnings report and significant purchases by company executives powered Heritage Insurance Holdings (NYSE: HRTG) to an 8.4% gain on Tuesday. The company reported earnings last week, and its revenue and EPS both exceeded analysts' expectations. Additionally, an SEC filing revealed that the company’s director, CFO, and CEO purchased between 5,000 and 10,000 shares each. Our research gives HRTG an A rating for Value and B ratings for Sentiment and Momentum. We give the stock a Zen Rating of B and a Buy recommendation.

🥶 NOT: Cannabis company Agrify (NASDAQ: AGFY) lost 13.7% on Tuesday, leaving it down 36.9% on the year so far. Uncertainty about the future of cannabis reform in the U.S. has left brands like Agrify questioning their long-term business plans. Agrify experienced explosive growth back in 2021 but has since lost most of its value. Our analysis gives AGFY F ratings for Value and Safety and a D Zen Rating overall.

🔥 HOT: Ncs Multistage Holdings (NASDAQ: NCSM) has been on an absolute tear since it reported earnings last Monday. The company revealed EPS of $2.27, a whopping 178% greater than the $0.82 Wall Street expected to see. After adding another 6.0% on Tuesday, NCSM has now gained 39.2% in just over one week. We’re big fans of NCSM and give it an A Zen Rating and a Strong Buy recommendation. NCSM is up 128.9% over the last year and has already gained 32.8% just one quarter into 2025.

🥶 NOT: Tesla’s (NASDAQ: TSLA) nosedive continued on Tuesday as the company lost another 5.3%, bringing its YTD drop to just over 42%. Chinese EV maker BYD announced a new charger that can charge its latest models to a range of 250 miles in just five minutes, a tremendous improvement over Tesla’s current state-of-the-art offering. Wall Street was already concerned about TSLA due to CEO Elon Musk’s divided attention, but this latest news raises even more concerns. We give TSLA D ratings in Value and Sentiment and an overall Zen Rating of C.

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