26 Stocks Moving in Monday's Pre-Market Session

 

26 Stocks Moving in Monday's Pre-Market Session

4/4/22 6:32 AM ET (Benzinga)Print

Gainers

• SPI Energy Co., Ltd. (NASDAQ: SPI) rose 36.3% to $3.87 in pre-market trading after reporting record revenue of $162 million for 2021.
• Twitter, Inc. (NYSE: TWTR) rose 25.7% to $49.44 in pre-market trading after Elon Musk disclosed a 9.2% passive stake in the company.
• Iron Spark I Inc. (NASDAQ: ISAA) rose 18% to $11.80 in pre-market trading. Hypebeast will list shares in U.S. through merger with Iron Spark I, the Wall Street Journal reported.
• Context Therapeutics Inc. (NASDAQ: CNTX) shares rose 17.9% to $2.83 in pre-market trading after jumping over 10% on Friday. Context Therapeutics recently posted FY21 net loss of $10.5 million.
• Borqs Technologies, Inc. (NASDAQ: BRQS) rose 15.9% to $0.2434 in pre-market trading. TDR Capital reported a new stake of 9.9% in Borqs Technologies.
• Yumanity Therapeutics, Inc. (NASDAQ: YMTX) rose 13.1% to $1.73 in pre-market trading. Yumanity Therapeutics recently posted a FY21 loss of $3.84 per share.
• Infobird Co., Ltd (NASDAQ: IFBD) shares rose 12.7% to $0.7899 in pre-market trading. Infobird recently announced receipt of delinquency notification letter from Nasdaq.
• TMC the metals company Inc. (NASDAQ: TMC) rose 11.4% to $2.73 in pre-market trading.
• Bilibili Inc. (NASDAQ: BILI) rose 10.8% to $30.60 in pre-market trading after surging 8% on Friday.
• 17 Education & Technology Group Inc. (NASDAQ: YQ) rose 10.6% to $3.02 in pre-market trading.
• Enservco Corporation (NYSE: ENSV) rose 10% to $2.74 in pre-market trading after declining around 8% on Friday.
• Lizhi Inc. (NASDAQ: LIZI) rose 9.6% to $1.60.
• Expion360 Inc. (NASDAQ: XPON) rose 9% to $8.64 in pre-market trading. The company recently priced its IPO at $7 per share.
• Siyata Mobile Inc. (NASDAQ: SYTA) rose 8.5% to $1.27 in pre-market trading after declining 6% on Friday.
• Reed's, Inc. (NASDAQ: REED) rose 7.4% to $0.27 in pre-market trading after dipping 16% on Friday. Reed's recently reported worse-than-expected Q4 EPS and sales results.

Don’t forget to check out our premarket coverage here .

Losers

• Iveda Solutions, Inc. (NASDAQ: IVDA) shares fell 13.7% to $3.25 in pre-market trading after climbing around 12% on Friday.
• Liquid Media Group Ltd. (NASDAQ: YVR) shares fell 12.2% to $0.70 in pre-market trading after jumping 12% on Friday.
• Weidai Ltd. (NYSE: WEI) fell 11.9% to $1.26 in pre-market trading after jumping 29% on Friday.
• Curis, Inc. (NASDAQ: CRIS) fell 9.5% to $2.20 in pre-market trading.
• ThermoGenesis Holdings, Inc. (NASDAQ: THMO) shares fell 9.4% to $0.6067 in pre-market trading. ThermoGenesis recently said FY21 sales results were down from last year.
• Reed's, Inc. (NYSE: REED) fell 9.2% to $0.2730 in pre-market trading as the company reported fourth-quarter revenue growth of 20% year-over-year to $12.8 million, missing the consensus of $13.02 million.
• Blackboxstocks Inc. (NASDAQ: BLBX) fell 9.1% to $2.91 in pre-market trading. Blackboxstocks shares surged 19% on Friday after the company reported better-than-expected Q4 sales results.
• QualTek Services Inc. (NASDAQ: QTEK) fell 7.8% to $2.58 in pre-market trading. QualTek Services posted FY21 net loss from continuing operations of $49.1 million.
• Hudson Capital Inc. (NASDAQ: HUSN) shares fell 7.2% to $2.44 in pre-market trading. Hudson Capital shares jumped 36% on Friday after the company announced it sold its wholly-owned subsidiary, Hong Kong Internet Financial Services, to private investors.
• Ocugen, Inc. (NASDAQ: OCGN) fell 7% to $3.07 in pre-market trading.
• ARCA biopharma, Inc. (NASDAQ: ABIO) fell 6.8% to $2.05 in pre-market trading. ARCA Biopharma recently reported the results from its Phase 2 trial of ASPEN-COVID did not meet the primary endpoint.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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RBLX

 RBLX stock has a price target of $53 going forward

By Mark R. Hake, CFA Mar 14, 2022, 2:10 pm EDT

KEY POINTS

• Roblox’s long-term growth relies on its ability to gain older users.
• It’s also ramping up its international expansion.
• A growing number of brands are joining its metaverse platform.

Roblox Corporation (NYSE:RBLX) posted stellar earnings on Feb. 15 for its fourth quarter and 2021 at large. As a result, RBLX stock could be worth significantly more than Friday’s numbers based on its powerful free cash flow (FCF).

Source: Katya Rekina/ Shutterstock.com

That is good news for holders of the stock, as it has had a rough time lately. Roblox is down significantly from its peak price of $134.72 on Nov. 19.

As of Friday, March 11, RBLX stock had fallen to $39.24, representing a drop of almost 71% from the peak. Moreover, from the end of last year, the stock is off 62% from $103.16, as of Dec. 31, 2021.

The Roblox stock price correction has gone too far. This is especially the case since the company is profitable. It also produces significant amounts of FCF which is key to its higher valuation.

TherapeuticsMD Inc. Stock Falls Monday, Underperforms Market

 

TherapeuticsMD Inc. Stock Falls Monday, Underperforms Market

4/4/22 5:25 PM ET (MarketWatch)Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of TherapeuticsMD Inc. (TXMD) slumped 0.69% to $0.37 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.90% to 14,532.55 and the Dow Jones Industrial Average rising 0.30% to 34,921.88. This was the stock's fourth consecutive day of losses. TherapeuticsMD Inc. closed $1.10 below its 52-week high ($1.47), which the company achieved on April 9th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Johnson & Johnson (JNJ) fell 0.97% to $176.47, Merck & Co. Inc. (MRK) fell 0.04% to $83.49, and Novartis AG ADR (NOVN.EB) fell 0.41% to $87.33. Trading volume (2.5 M) remained 4.7 million below its 50-day average volume of 7.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled April 4, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

April 04, 2022 17:25 ET (21:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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