Given the market’s aversion for loss-making tech stocks, Brainchip Holdings Ltd (ASX: BRN) shares would likely be given a major boost if the semiconductor company became profitable.

But what are the chances of that happening in 2023?

Will Brainchip be profitable in 2023?

Unfortunately, it is difficult to say if Brainchip will be profitable this year. However, it seems highly unlikely that it will be profitable any time soon given that it has just diluted shareholders by raising funds through its agreement with alternative investment company LDA Capital.

Brainchip is issuing LDA Capital with 30 million shares (and possibly 10 million more if shareholders approve) at a yet to be determined price.

You would imagine that if it were confident that its sales would grow enough to reach profitability, it wouldn’t be seeking these funds.

No broker coverage

Unlike almost all ASX 200 shares, Brainchip doesn’t have any coverage by the major brokers.

This could mean that analysts don’t believe the company is investment grade.

As well as being a bit of a red flag, it also means investors can’t use broker data as a guide for if and when the company achieves profitability.

Big quarterly update coming

In light of the above, investors may want to look out for the company’s upcoming quarterly update.

For a couple of quarters, the company has been talking up its sales pipeline. For example, in its last quarterly update, which saw Brainchip report pitiful cash receipts of US$100k, its CEO Sean Hehir commented:

We are seeing the greatest amount of sales activity and engagement in the Company’s history […] We remain positive on future market penetration and broad adoption of Brainchip’s technology.

Its next update will likely demonstrate whether there is meaningful demand for its technology in a market dominated by tech behemoths and whether it deserves its whopping $1.2 billion market capitalisation.

And with short sellers targeting the company, shareholders will no doubt be hoping Brainchip delivers the goods.

Time will ultimately tell if Brainchip can become profitable and be more than just a meme stock.

The post Will BrainChip turn a profit in 2023? appeared first on The Motley Fool Australia.

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More reading

• Why Brainchip, Core Lithium, Deterra Royalties, and Mesoblast shares are falling
• Why Brainchip, IAG, Premier Investments, and Telix shares are sinking today
• Here’s why the Brainchip share price is sinking 6% today
• Here are the top 10 ASX 200 shares today
• ASX 200 tech shares are leading the market higher today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) fell on Tuesday, posting its third – albeit small – decline of 2023. The index ended the day 0.03% lower at 7,386.3 points.

It was a mixed session across the market, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) leading the way.

The sector gained 1.8%, led by shares in supermarket operators Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW), and Metcash Limited (ASX: MTS).

Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) weighed heaviest, falling 1.2% as the Origin Energy Ltd (ASX: ORG) share price dumped 2.1%.

The company announced the consortium looking to snap it up has requested more time to complete due diligence.

 Mining shares also suffered today, with the S&P/ASX 200 Materials Index (ASX: XMJ) falling 1.1%.

So, after considering all that, let’s take a look at the 10 shares taking out the top spots on the ASX 200 on Tuesday.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 share was battery materials and technology provider Novonix Ltd (ASX: NVX). The stock leapt 5.5% to close at $1.92 despite the company’s silence.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Novonix Ltd (AS: NVX)	$1.92	5.49%
Metcash Limited (ASX: MTS)	$4.13	2.74%
Johns Lyng Group Ltd (ASX: JLG)	$6.07	2.71%
Orora Ltd (ASX: ORA)	$3.04	2.7%
Woolworths Group Ltd (ASX:WOW)	$34.76	2.45%
Endeavour Group Ltd (ASX:EDV)	$6.49	2.04%
Coles Group Ltd (ASX: COL)	$17.15	2.02%
Charter Hall Group (ASX: CHC)	$13.45	1.97%
Goodman Group (ASX: GMG)	$19.42	1.94%
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$22.77	1.83%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• ‘Upwards trend to continue’ for this ASX 200 gold share: expert
• Buy ‘underappreciated’ Origin Energy shares for 20% upside: Morgan Stanley
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool Australia has recommended Johns Lyng Group and Metcash. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The recent run for the S&P/ASX 200 Index (ASX: XJO) and ASX shares seems to have come to an end, at least so far this Tuesday. 

At the time of writing, the ASX 200 has slipped by a small but still significant 0.1% to just over 7,380 points. That was despite a brief foray into positive territory around midday. 

But rather than dwelling on that, let’s instead check out the ASX 200 shares that are currently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a common appearance on this list, the ASX 200 lithium heavyweight Pilbara Minerals. So far this Tuesday, a chunky 17.5 million Pilbara shares have been exchanged on the share market. There’s been no official news out of Pilbara Minerals today.

So it’s possible that this volume is down to the movements of Pilbara shares themselves. At present, this leading lithium producer has just scraped back into the green, up 0.25%, and is sitting at $4.05 a share.

However, Pilbara shares have been very bouncy today, and have traded between $3.95 and $4.08 each. Also assisting volumes could be the speculation that Pilbara could announce its maiden dividend in 2023.

Tabcorp Holdings Ltd (ASX: TAH)

Next up, we have the ASX 200 gaming company Tabcorp. Thus far, 19.62 million Tabcorp shares have been wagered on the share market.

Tabcorp hasn’t made any announcements whatsoever in 2023 yet. So we can rule out that. So again, let’s turn to the company’s share price performance today. Tabcorp opened strongly this morning, rising as high as $1.20 a share.

But investors have gotten cold feet over the gaming company, with Tabcorp shares now down 1.35% at $1.095 each. This bouncy performance, together with Tabcorp’s relatively low share price compared to its market capitalisation is probably the cause of this elevated volume.

Core Lithium Ltd (ASX: CXO)

Last up this Tuesday is another ASX 200 lithium share in Core Lithium. This Tuesday’s session has seen a decent 20.27 million Core shares bought and sold as it currently stands. There hasn’t been much out of Core either.

So again, we probably have the company’s share price movements to thank for this volume. Core Lithium has fared far worse than Pilbara today, with the company shedding a nasty 4.69% so far to $1.015 a share. That’s without the midday pop into positive territory that Pilbara enjoyed too.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why I’ll be buying more ASX dividend shares for my portfolio in 2023
• 3 catalysts for Core Lithium shares to rip higher in 2023
• ‘Upwards trend to continue’ for this ASX 200 gold share: expert
• Buy ‘underappreciated’ Origin Energy shares for 20% upside: Morgan Stanley
• Can Pilbara Minerals shares really deliver an 8% dividend yield in 2023?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Lake Resources N.L. (ASX: LKE) share price has climbed nearly 3% year to date, but can it keep going higher?

Lake shares are rising 1.54% today and are currently fetching 82.3 cents. For perspective, the S&P/ASX 200 (ASX: XJO) has climbed 0.13% today.

Let’s take a look at the outlook for Lake Resources in 2023.

Lithium exploration and extraction progress

Lake Resources is a lithium developer working to extract high purity lithium from the Kachi Project in Argentina. Lake Resources is also developing three other lithium brine projects in Argentina.

Any progress on lithium extraction at the company’s projects could provide a boost for Lake Resources shares in 2023.

Lake shares leapt higher on 10 January on news of important milestone achievements at the Kachi project. Lake’s direct lithium extraction technology partner Lilic has managed to operate the lithium processing demonstration plant for 1,000 hours, producing 40,000 litres of lithium chloride. This will be shipped to Saltworks for conversion to lithium carbonate.

In other recent news, the mineral resource estimate at the Kachi project has now doubled to 2.2 million tonnes of measured and indicated lithium carbonate equivalent. The inferred resource has now lifted to 3.1 million tonnes.

Lake has now expanded its operating team to oversee the next stage of development of the Kachi project. The company is planning to complete a definitive feasibility study on the processing plant by mid-2023.

Lake has a business plan to produce 50,000 tonnes per year of lithium carbonate. The company plans to complete a “rigorous evaluation” of project timelines and estimated capital costs and report in the second quarter of 2023.

News on a final investment decision on this project or any further positive news at the demonstration plant could provide Lake Resources with a boost this year. Sales of lithium appear to be still a while away.

Broker coverage

Any positive broker sentiment could provide Lake Resources shares with a boost in 2023. Analysts at Bell Potter have a positive outlook on the Lake Resources share price. Bell Potter has a speculative buy rating on Lake Resources with a $2.52 price target. This implies a mammoth upside of 206%.

On the flip side, Lake Resources has been attracting short interest again lately. Short seller J Capital is continuing to target Lake Resources due to technology and funding concerns, as my Foolish colleague James reported recently.

Lithium prices

Lithium prices and demand sentiment for electric vehicles (EVs) could impact Lake Resources shares in 2023. The lithium price and EV demand tend to weigh on multiple ASX lithium shares each week, including Lake Resources.

The Office of the Chief Economist is tipping spodumene prices to rise from US$2,700 a tonne on average in 2022 to US$4010 in 2023.

However, Goldman Sachs has a more bearish outlook on lithium prices. Goldman is tipping lithium hydroxide to fall from US$76,650 a tonne to US$58,650 a tonne in 2023.

Looking at electric vehicle demand, EY Global has recently predicted EV sales in the US, China and Europe to “outstrip” all other engine sales by 2030.

Meanwhile, a survey conducted by money.com.au has recently found 42% of Australians will buy an EV as their next car purchase.

Lake Resources share price snapshot

The Lake Resources share price has slid nearly 13% in the last year.

Lake Resources has a  market capitalisation of about $1.1 billion based on the current share price.

The post 3 catalysts for Lake Resources shares to take off in 2023 appeared first on The Motley Fool Australia.

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More reading

• Here are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• Why is the Lake Resources share price racing higher on Wednesday?
• Why Lake Resources, Platinum, Polynovo, and Volpara shares are charging higher
• Lake Resources share price jumps 8% on ‘key milestones’ achievement

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