Shares of AXT, Inc. AXTI surged significantly in the pre-market today following the release of impressive fourth-quarter financial results.
AXT reported a GAAP loss of 9 cents per share, surpassing market expectations of a 15 cents per share loss. The company’s quarterly sales also outperformed estimates, coming in at $20.43 million compared to the expected $17.57 million, as reported by Benzinga Pro.
In response to these positive results, AXT shares soared by 36% to reach $3.10 during pre-market trading hours.
Take a look at some other stocks that are making waves in the pre-market trading scene.
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Top Gainers
- Telesis Bio, Inc. TBIO witnessed a substantial 88% increase to $0.8506 in pre-market trading, following the grant of EUR Patent #3503915 for “Genetically Engineered Vibrio Natriegens (Host Organism For Cloning And Manipulating DNA).”
- Intuitive Machines, Inc. LUNR experienced a notable 63.2% rise to $13.51 in pre-market trading, garnering praise from SpaceX CEO Elon Musk for their monumental moon landing.
- Ocean Biomedical, Inc. OCEA surged by 53% to $0.84 in pre-market trading.
- BowFlex Inc. BFX saw a robust 41.8% increase to $0.2382 in pre-market trading, rebounding after a 20% dip the previous day.
- Carvana Co. CVNA recorded a significant 26.4% gain to $66.22 in pre-market trading following the release of their fourth-quarter financial results.
Top Losers
- Charge Enterprises, Inc. CRGE slumped by 49.5% to $0.0368 in pre-market trading after the announcement of Nasdaq Hearings Panel’s decision to delist common shares of the company.
- Applied Optoelectronics, Inc. AAOI witnessed a significant 38.2% decline to $12.58 in pre-market trading subsequent to their latest fourth-quarter results announcement.
- Ascent Solar Technologies, Inc. ASTI experienced a 20.6% drop to $0.5001 in pre-market trading.
- Smith Micro Software, Inc. SMSI saw a notable 20.5% decline to $0.65 after reporting lackluster quarterly sales.
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