Micro Cap

BHAVR

BHAV Acquisition Corp

Valuation N/A

Financial Services

Price$0.13

Model IV—

P/IV—

Limited data — see page

BHAVU

BHAV Acquisition Corp

Valuation N/A

Financial Services

Price$10.15

Model IV—

P/IV—

Limited data — see page

BHK

BLACKROCK CORE BOND TRUST

Valuation N/A

Unknown

Price$8.21

Model IV—

P/IV—

Limited data — see page

BHM

Bluerock Homes Trust, Inc.

Valuation N/A

Financial Services

Price$8.20

Model IV—

P/IV—

Limited data — see page

BHR

Braemar Hotels & Resorts Inc.

Deeply undervalued

Financial Services

Price$1.21

Model IV$2.24

P/IV0.78

Discount 46% Return to IV: +85.5%

BHST

BIOHARVEST SCIENCES INC.

Deeply undervalued

Healthcare

Price$1.66

Model IV$5.36

P/IV0.28

Discount 69% Return to IV: +223.0%

Market implies -21.9%/yr vs model +50.0% · below model

BHV

BLACKROCK VIRGINIA MUNICIPAL BOND TRUST

Valuation N/A

Unknown

Price$11.57

Model IV—

P/IV—

Limited data — see page

BIAF

bioAffinity Technologies, Inc.

Valuation N/A

Industrials

Price$4.73

Model IV—

P/IV—

Market implies +56.9%/yr

BIAFW

bioAffinity Technologies, Inc.

Valuation N/A

Industrials

Price$0.57

Model IV—

P/IV—

Market implies +25.0%/yr

BIII

Black Spade Acquisition III Co

Valuation N/A

Financial Services

Price$10.07

Model IV—

P/IV—

Limited data — see page

BIOX

Bioceres Crop Solutions Corp.

Valuation N/A

Basic Materials

Price$0.33

Model IV—

P/IV—

Market implies +21.9%/yr vs model +7.2% · above model

BIPI

Brookfield Infrastructure Partners L.P.

Valuation N/A

Industrials

Price$16.01

Model IV—

P/IV—

Market implies -50.0%/yr

BIRD

Smartbird, Inc.

Undervalued

Technology

Price$2.93

Model IV$3.66

P/IV0.65

Discount 20% Return to IV: +24.9%

Market implies -2.2%/yr vs model +2.0% · below model

BIT

BlackRock Multi-Sector Income Trust

Valuation N/A

Unknown

Price$11.27

Model IV—

P/IV—

Limited data — see page

BIVI

BIOVIE INC.

Valuation N/A

Healthcare

Price$1.39

Model IV—

P/IV—

Limited data — see page

BIVIW

BIOVIE INC.

Valuation N/A

Healthcare

Price$0.29

Model IV—

P/IV—

Limited data — see page

BIXI

Bitcoin Infrastructure Acquisition Corp Ltd

Valuation N/A

Financial Services

Price$10.08

Model IV—

P/IV—

Limited data — see page

BIXIU

Bitcoin Infrastructure Acquisition Corp Ltd

Valuation N/A

Financial Services

Price$10.20

Model IV—

P/IV—

Limited data — see page

BIXIW

Bitcoin Infrastructure Acquisition Corp Ltd

Valuation N/A

Financial Services

Price$0.25

Model IV—

P/IV—

Limited data — see page

BIYA

Baiya International Group Inc.

Deeply undervalued

Technology

Price$1.83

Model IV$4.98

P/IV0.28

Discount 63% Return to IV: +172.1%

Market implies -19.1%/yr vs model +7.8% · below model

BJDX

Bluejay Diagnostics, Inc.

Valuation N/A

Healthcare

Price$0.82

Model IV—

P/IV—

Market implies +2.3%/yr

BKHA

Black Hawk Acquisition Corp

Valuation N/A

Healthcare

Price$11.53

Model IV—

P/IV—

Limited data — see page

BKHAR

Black Hawk Acquisition Corp

Valuation N/A

Healthcare

Price$1.56

Model IV—

P/IV—

Limited data — see page

BKHAU

Black Hawk Acquisition Corp

Valuation N/A

Healthcare

Price$12.67

Model IV—

P/IV—

Limited data — see page

BKTI

BK Technologies Corp

Fairly valued

Technology

Price$73.52

Model IV$69.46

P/IV1.06

Premium +6% Return to IV: -5.5%

Market implies +9.3%/yr vs model +13.6% · below model

BLIN

Bridgeline Digital, Inc.

Deeply undervalued

Technology

Price$0.74

Model IV$1.09

P/IV0.78

Discount 32% Return to IV: +46.9%

Market implies -8.6%/yr vs model +3.8% · below model

BLIV

BeLive Holdings

Valuation N/A

Technology

Price$2.46

Model IV—

P/IV—

Market implies +28.6%/yr

BLND

Blend Labs, Inc.

Deeply overvalued

Technology

Price$1.00

Model IV$0.21

P/IV5.51

Premium +369% Return to IV: -78.7%

Market implies +23.4%/yr vs model +2.0% · above model

BLNE

Beeline Holdings, Inc.

Valuation N/A

Financial Services

Price$0.71

Model IV—

P/IV—

Market implies +3.0%/yr

BLNK

Blink Charging Co.

Deeply undervalued

Technology

Price$0.47

Model IV$3.05

P/IV0.18

Discount 85% Return to IV: +556.1%

Market implies -32.8%/yr vs model +49.1% · below model

BLRK

Bluerock Acquisition Corp.

Valuation N/A

Financial Services

Price$10.13

Model IV—

P/IV—

Limited data — see page

BLRKU

Bluerock Acquisition Corp.

Valuation N/A

Financial Services

Price$10.23

Model IV—

P/IV—

Limited data — see page

BLRKW

Bluerock Acquisition Corp.

Valuation N/A

Financial Services

Price$0.33

Model IV—

P/IV—

Limited data — see page

BLRX

BioLineRx Ltd.

Valuation N/A

Healthcare

Price$2.22

Model IV—

P/IV—

Market implies +34.8%/yr vs model +15.0% · above model

BLUW

Blue Water Acquisition Corp. III

Valuation N/A

Financial Services

Price$10.39

Model IV—

P/IV—

Limited data — see page

BLUWU

Blue Water Acquisition Corp. III

Valuation N/A

Financial Services

Price$10.50

Model IV—

P/IV—

Limited data — see page

BLUWW

Blue Water Acquisition Corp. III

Valuation N/A

Financial Services

Price$0.29

Model IV—

P/IV—

Limited data — see page

BLZR

Trailblazer Acquisition Corp.

Valuation N/A

Financial Services

Price$10.24

Model IV—

P/IV—

Limited data — see page

BLZRU

Trailblazer Acquisition Corp.

Valuation N/A

Financial Services

Price$10.35

Model IV—

P/IV—

Limited data — see page

BLZRW

Trailblazer Acquisition Corp.

Valuation N/A

Financial Services

Price$0.28

Model IV—

P/IV—

Limited data — see page

BMEA

Biomea Fusion, Inc.

Valuation N/A

Healthcare

Price$1.42

Model IV—

P/IV—

Limited data — see page

BMEZ

BlackRock Health Sciences Term Trust

Valuation N/A

Unknown

Price$16.52

Model IV—

P/IV—

Limited data — see page

BMGL

Basel Medical Group Ltd

Valuation N/A

Healthcare

Price$3.75

Model IV—

P/IV—

Market implies +36.3%/yr

BMHL

Bluemount Holdings Ltd

Valuation N/A

Financial Services

Price$3.55

Model IV—

P/IV—

Market implies +150.0%/yr

BMN

BlackRock 2037 Municipal Target Term Trust

Valuation N/A

Unknown

Price$22.01

Model IV—

P/IV—

Limited data — see page

BMR

Beamr Imaging Ltd.

Valuation N/A

Technology

Price$1.77

Model IV—

P/IV—

Market implies +43.6%/yr

BMRA

BIOMERICA INC

Valuation N/A

Healthcare

Price$1.84

Model IV—

P/IV—

Market implies +23.4%/yr vs model +2.0% · above model

BNAI

Brand Engagement Network Inc.

Valuation N/A

Technology

Price$5.19

Model IV—

P/IV—

Market implies +51.9%/yr

BNAIW

Brand Engagement Network Inc.

Fairly valued

Technology

Price$0.05

Model IV$0.05

P/IV1.71

Premium +3% Return to IV: -2.8%

Market implies +0.0%/yr vs model +15.0% · below model

BNBX

BNB PLUS CORP.

Valuation N/A

Financial Services

Price$0.12

Model IV—

P/IV—

Market implies -12.5%/yr vs model +2.0% · below model

BNC

CEA Industries Inc.

Valuation N/A

Basic Materials

Price$5.26

Model IV—

P/IV—

Market implies +70.1%/yr vs model +0.0% · above model

BNCWW

CEA Industries Inc.

Valuation N/A

Basic Materials

Price$0.02

Model IV—

P/IV—

Market implies -25.0%/yr vs model +0.0% · below model

BNCWZ

BNB Standard Corp

Deeply overvalued

Basic Materials

Price$0.15

Model IV$0.05

P/IV3.33

Premium +233% Return to IV: -70.0%

Market implies +12.5%/yr vs model +0.0% · above model

BNET

BION ENVIRONMENTAL TECHNOLOGIES INC

Deeply overvalued

Basic Materials

Price$0.19

Model IV$0.08

P/IV2.33

Premium +153% Return to IV: -60.5%

Market implies +14.1%/yr vs model +5.0% · above model

BNGO

Bionano Genomics, Inc.

Deeply undervalued

Healthcare

Price$1.44

Model IV$3.09

P/IV0.47

Discount 54% Return to IV: +115.3%

Market implies -16.0%/yr vs model +12.2% · below model

BNKK

BONK, INC.

Valuation N/A

Consumer Defensive

Price$1.42

Model IV—

P/IV—

Market implies +16.9%/yr

BNR

Burning Rock Biotech Ltd

Deeply overvalued

Healthcare

Price$15.49

Model IV$3.88

P/IV4.08

Premium +300% Return to IV: -75.0%

Market implies +20.9%/yr vs model +2.0% · above model

BNRG

BNRG

Valuation N/A

Price$3.16

Model IV—

P/IV—

Limited data — see page

BNZI

BNZI

Valuation N/A

Price$1.70

Model IV—

P/IV—

Limited data — see page

BNZIW

BNZIW

Valuation N/A

Price$0.01

Model IV—

P/IV—

Limited data — see page