Why AXT Shares Are Trading Higher By Around 36%; Here Are 20 Stocks Moving Premarket

Shares of AXT, Inc. AXTI rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results.

AXT posted GAAP loss of 9 cents per share, compared to market expectations for a loss of 15 cents per share. The company’s quarterly sales came in at $20.43 million versus estimates of $17.57 million, according to data from Benzinga Pro.

AXT shares jumped 36% to $3.10 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

• Telesis Bio, Inc. TBIO gained 88% to $0.8506 in pre-market trading after the company was granted EUR Patent #3503915 for "Genetically Engineered Vibrio Natriegens (Host Organism For Cloning And Manipulating DNA)."
• Intuitive Machines, Inc. LUNR shares rose 63.2% to $13.51 in pre-market trading. SpaceX CEO Elon Musk, lauds Intuitive Machinesfor their groundbreaking moon landing, marking a significant milestone in U.S. space exploration.
• Ocean Biomedical, Inc. OCEA shares surged 53% to $0.84 in pre-market trading.
• BowFlex Inc. BFX shares jumped 41.8% to $0.2382 in pre-market trading after dipping 20% on Thursday
• Carvana Co. CVNA shares gained 26.4% to $66.22 in pre-market trading after the company reported fourth-quarter financial results.
• Beneficient BENF gained 22% to $0.2681 in pre-market trading. On feb. 13, Beneficient posted a third-quarter loss of $1.98 per share.
• Maravai LifeSciences Holdings, Inc. MRVI shares rose 20.9% to $6.18 in pre-market trading after the company reported better-than-expected fourth-quarter financial results.
• Trinity Place Holdings Inc. TPHS gained 15.9% to $0.2098 in pre-market trading following fourth-quarter results.
• Block, Inc. SQ shares gained 12.7% to $76.62 in pre-market trading. Block reported downbeat earnings for its fourth quarter, while sales topped estimates. The company said it sees first-quarter gross profit of $2.0 billion to $2.02 billion, which would be up 24% year-over-year at the midpoint.

Losers

• Charge Enterprises, Inc. CRGE fell 49.5% to $0.0368 in pre-market trading. Charge Enterprises announced decision of Nasdaq Hearings Panel to delist common shares.
• Applied Optoelectronics, Inc. AAOI shares fell 38.2% to $12.58 in pre-market trading after reporting fourth-quarter results.
• Ascent Solar Technologies, Inc. ASTI dipped 20.6% to $0.5001 in pre-market trading.
• Smith Micro Software, Inc. SMSI shares fell 20.5% to $0.65 after posting weak quarterly sales.
• La Rosa Holdings Corp. LRHC shares dipped 17.8% to $2.25 in pre-market trading after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.
• indie Semiconductor, Inc. INDI shares fell 15% to $5.86 in pre-market trading following weak quarterly sales.
• ModivCare Inc. MODV fell 14.2% to $37.64 in pre-market trading after the company issued weak sales forecast for the first quarter.
• Ardelyx, Inc. ARDX fell 13.3% to $7.65 in pre-market trading after the company reported mixed fourth-quarter financial results.
• Energy Focus, Inc. EFOI fell 12.5% to $2.04 in pre-market trading.
• Booking Holdings Inc. BKNG shares fell 9.1% to $3,545.61 in pre-market trading after the company reported fourth-quarter financial results.

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