STOCKS TELEGRAPH

Tag: FSR stock

  • Fisker Inc. (FSR) Plummets in Pre-Market Amid Bankruptcy Speculations

    In the wake of an apparently prosperous Wednesday, Fisker Inc. (NYSE: FSR) finds itself grappling with a significant setback as pre-market hours on Thursday usher in a dramatic decline. With a 3.5% climb noted on Wednesday, optimism seemed to pervade, only to be shattered by a staggering 37% plunge in pre-market trading.

    Financial Turmoil Looms

    This plunge appears to being tied to distressing news surrounding the company’s financial health. Reports have surfaced, suggesting that Fisker is teetering on the brink of bankruptcy. The Wall Street Journal disclosed that the company has enlisted the guidance of restructuring advisors, signaling a potential bankruptcy filing.

    This development follows Fisker’s prior warning of a looming cash depletion, with a recent “going concern” notification highlighting the precarious financial position. Delays in financial reporting, attributed to a shortage of accounting resources, further exacerbate the mounting concerns.

    Challenges in the EV Sector

    Fisker’s tumultuous trajectory mirrors broader challenges within the electric vehicle (EV) industry. Despite initial enthusiasm surrounding EV startups, many have encountered formidable hurdles, ranging from tepid demand to production bottlenecks. Fisker’s struggle to gain traction in the EV market underscores the formidable obstacles faced by emerging players.

    Industry Sentiments and Outlook

    The reverberations of Fisker’s woes echo throughout the EV landscape. Comments from Tesla CEO Elon Musk regarding the potential bankruptcy of Rivian Automotive (RIVN) underscore industry skepticism. While Rivian boasts stronger production and delivery figures compared to Fisker, concerns persist over its ability to navigate the competitive terrain effectively. Similarly, luxury EV manufacturer Lucid Motor (LCID) grapples with subdued demand and revised production projections, indicative of broader market challenges.

    Despite these headwinds, industry behemoth Tesla faces its own share of trials, with profitability concerns and downward stock trends dominating discussions. Analyst downgrades and diminished delivery forecasts further cloud Tesla’s outlook, underscoring the volatility pervading the EV sector.

    Conclusion

    As Fisker Inc. contends with looming bankruptcy speculations, the broader EV industry grapples with its own set of challenges. The sector’s landscape remains fraught with uncertainties, highlighting the need for resilience and strategic agility amidst turbulent times. For Fisker and its counterparts, navigating these treacherous waters will require astute leadership and innovative solutions to weather the storm ahead.

  • Fisker Inc. (FSR) Faces Steep Premarket Decline Amidst Going-Concern Risks

    Fisker Inc. (NYSE: FSR) stumbled significantly in premarket trading today. It had plummeted by a staggering 38%.

    The electric vehicle (EV) startup faced a tumultuous day following a warning about going-concern risks and workforce reductions. Investors and industry observers were caught off guard by the severity of the decline, signaling potential challenges ahead for the company.

    The Struggle for Fisker

    Fisker Inc. is known for its commitment to eco-friendly electric vehicles and innovative automotive business models. However, the company’s recent announcement about potential going-concern risks shook investor confidence.

    The decision to slash the workforce by 15% and pause investments in future projects until securing a partnership with a manufacturer sent shockwaves through the market. This move underscores the deepening challenges facing Fisker as it grapples with financial uncertainties and production setbacks.

    Challenges in the EV Sector

    Fisker’s woes echo broader challenges within the EV sector. High interest rates, range anxiety, and soaring repair costs are causing consumers to reassess their preferences, favoring hybrids over fully electric vehicles.

    This shift in consumer behavior is exacerbating the struggles of EV startups like Fisker, especially as production forecasts falter for industry peers like Rivian and Lucid. The competitive landscape coupled with regulatory uncertainties poses significant hurdles for Fisker as it strives to carve out a niche in the rapidly evolving automotive market.

    Conclusion

    Fisker Inc. faces a critical juncture as it grapples with financial uncertainties and production setbacks. The company’s survival hinges on securing a partnership deal and bolstering its financial position.

    CEO Henrik Fisker remains optimistic about ongoing negotiations with a potential investor, emphasizing the importance of executing a deal swiftly. Despite these challenges, Fisker continues to pursue its commitment to sustainable transportation, aiming to navigate through the current storm and emerge stronger in the evolving automotive landscape.

    Investors will be closely monitoring developments at Fisker as the company works towards a resolution amidst turbulent market conditions.

  • Fisker Inc. (FSR) jumped in the pre-market trading session; here’s why

    In the pre-market trading session, Fisker Inc. (FSR) stock soared by 3.48% to the price of $13.38 at the time of writing. FSR stock jumped up to the price of $12.93 which is a 4.53% gain at its previous closed session. The FSR stock volume traded at 82.97 million shares. While the average volume of FSR shares is 18.66M for the past 3 months.

    Fisker Inc.’s operational background

    Fisker Inc. is an automotive company that focuses on developing and manufacturing one of the most luxurious and electric vehicles in the world as well as provide mobility solutions. The company’s headquarters is in Manhattan Beach, California. In the automotive industries, the company markets its automobiles as one of the most emotionally desirable cars that are also eco-friendly in their built. FSR stock focuses on the company’s vision of being driven to create a clean and sustainable future for everyone. Fisker Inc. also aims to become the number one e-mobility service provider in the automotive parts market and industry with its eco-friendly cars.

    FSR stock surge and BofA’s “Buy” rating

    Fisker Inc. has been seeing a surge in its stock performance and value since yesterday. This happened because the Bank of America announced on 20th April 21, 2021, that it is initiating coverage for the analysis of the Fisker stock and has given a new rating of “Buy” for the stock- which led to the stock’s outperformance.

    BofA analysis behind the “Buy” rating

    Bank of America has an AutoTech entrant/SPAC analysis in which it has 10 criteria outlined. The automotive company that covers the majority of the criteria will gain a positive or “Buy” rating from the company. This is what happened with Fisker stock for which the BofA announced +6 out of the 10 requirements being met. BofA’s analyst John Murphy has given the stock a price target of $31. The company is in a competitively strong position due to its attractive offerings and has a very integrative platform for future expansion and partnerships. BofA believes specifically that FiskerInc has certain aspects like its go-to-market as well as the commercialization strategy which can be credited for having merits while at the same time the product offering is very compelling.

    On 30th March, FiskerInc participated in the Bank of America 2021 Virtual Global Automotive Summit. Henrik Fisker who is the chairman and chief executive officer of Fisker Inc. himself participated in the summit in its “Fireside Chat” program. He provided the audience update on the Fisker Ocean and Project PEAR. This participation in the Summit does suggest a hint that the works of BofA’s stock rating coverage may have been motivated after this summit and the CEO’s updates.

    What investors need to keep in mind about the Electric Vehicle industry

    However we need to realize that the EV market is becoming very concentrated and competitive, so the penetration becomes tough. However, that does not negate the volume growth seen in the electric vehicle industry. Companies that enter into this market are witnessing that the market has a Compound Annual Growth of +30%.

  • Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    Auto Stocks to watch on Tuesday: Baidu is All Set to Jump in EV

    China’s BaiduInc is exploring producing its own electric vehicles and has held talks with automakers about the prospect, said 3 persons with knowledge of the case, the latest step in a battle between tech firms to build smart cars.

    China’s leading search engine, which also advances automated driving technologies and internet communication networks, explores contract production, one of the people said or creating a majority-owned venture with automakers.

    The project will move up from internet peers such as Tencent Holdings Ltd, Amazon.com Inc and Alphabet Inc, which have either developed auto-related technologies or invested in smart-car start-ups.

    NIO Limited (NYSE:NIO) shares were trading down -2.38% at $40.98 at the time of writing on Monday after reporting the pricing of the offering of 68,000,000 American depositary shares, each representing one Class A ordinary share of the Company, at a price of US$39.00 per ADS.

    NIO Limited (NYSE:NIO) share price went from a low point around $2.11 to briefly over $57.20 in past 52 weeks, though shares have since pulled back to $40.98. NIO market cap has remained high, hitting $60.13B at the time of writing, giving it price-to-sales ratio of more than 30.

    If we look at the recent analyst rating NIO, Goldman upgraded coverage on NIO shares with a Neutral rating and a $37.72 price target, which implies room for -3.26% downside momentum this year.

    Ford Motor Company (F) last closed at $8.91, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $8.94.

    Tesla Inc. (TSLA) stock soar by 4.89% to $639.83. The most recent rating by Jefferies, on December 11, 2020, is at a Hold.

    XPeng Inc. (NYSE:XPEV) Shares headed rising, higher as much as 6.45% following the declaration from the firm that that its P7 super-long range sports sedan was named the Car of the Year 2021 by the Xuanyuan Awards, China’s most prestigious badge of auto quality and innovation. The most recent rating by Deutsche Bank, on December 14, 2020, is at a Buy.

    Nikola Corporation (NASDAQ:NKLA) fall -6.87% after losing more than -$1.21 on Monday. The company on November 30, 2020 reported the signing of a non-binding Memorandum of Understanding (“MOU”) with General Motors for a global supply agreement related to the integration of GM’s Hydrotec fuel-cell system into Nikola’s commercial semi-trucks.

    Fisker Inc. (FSR) last closed at $15.59, in a 52-week range of $8.70 to $23.63 after declaring that it has signed agreements with Cox Automotive U.K. and Rivus Fleet Solutions to provide a range of after-sales services for the U.K. market. Analysts have a consensus price target of $24.00.

    Li Auto Inc. (LI) stock drop by -0.10% to $31.33. The most recent rating by Citigroup, on November 16, 2020, is at a Buy. On December 4, 2020, the company announced the pricing of follow-on public offering of American Depositary Shares.

    Kandi Technologies Group Inc. (NASDAQ:KNDI) Shares headed falling, lower as much as -7.67%.

    General Motors Company (NYSE:GM) fall -0.72% after losing more than -$0.3 on Monday. On November 30, 2020, the firm revealed it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide its Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks.

    Workhorse Group Inc. (WKHS) last closed at $21.39, in a 52-week range of $1.32 to $30.99. Analysts have a consensus price target of $26.80.

    Electrameccanica Vehicles Corp. (SOLO) stock drop by -2.02% to $6.31. The most recent rating by ROTH Capital, on July 09, 2019, is at a Buy.

    Lordstown Motors Corp. (NASDAQ:RIDE) Shares headed falling, lower as much as -2.96%. The company on December 5, 2020 reported that the United States Securities and Exchange Commission has declared Lordstown’s registration statement on Form S-1 (File No. 333-250045). The most recent rating by Goldman, on December 11, 2020, is at a Buy.

    Fiat Chrysler Automobiles N.V. (NYSE:FCAU) rose 0.84% after gaining more than $0.14 on Monday. Alfa Romeo Announces 4C Spider 33 Stradale Tributo.

    Ayro Inc. (AYRO) last closed at $5.52, in a 52-week range of $1.80 to $10.60. On November 24, 2020, the company reported the Closing of $10.0 million registered direct offering.

    Niu Technologies (NIU) stock drop by -2.50% to $28.43. The most recent rating by Citigroup, on November 06, 2020, is at a Buy.

  • 49 Stocks Making Sharp Moves in Pre Market Session

    49 Stocks Making Sharp Moves in Pre Market Session

    BlackBerry Limited (BB) stock soared 21.29% to $8.49 in the pre-market trading following the announcement of its multi-year, global agreement with Amazon Web Services, Inc. (AWS). The most recent rating by TD Securities, on April 01, 2020, is a Hold.
    Gores Metropoulos Inc. (GMHI), a Shell Companies company, dropped about -3.71% at $16.37 in pre-market trading Wednesday.
    Carnival Corporation & Plc (NYSE: CCL) shares are trading up 2.48% at $20.65 at the time of writing. The firm recently reported Peter C. Anderson as a Section 16 Named Executive Officer. Company’s 52-week ranged between $7.80 to $51.94. Analysts have a consensus price target of $31.
    Guardion Health Sciences Inc. (GHSI) is up more than 2.11% at $0.3 in pre-market hours Wednesday December 02, 2020. The stock had jumped over 11.71% to $0.29 in the last trading session.
    Advaxis Inc. (ADXS) grew over 0.85% at $0.32 in pre-market trading today. The healthcare company recently announced closing of $9.2 million public offering.
    Before the trading started on December 02, 2020, RiceBran Technologies (RIBT) is down -5.56% to reach $0.68. It has been trading in a 52-week range of $0.37 to $2.43.
    Sundial Growers Inc. (SNDL) stock moved up 5.75 percent to $0.69 in the pre-market trading and the company recently announced elimination of senior secured second lien convertible notes.
    Kaixin Auto Holdings (KXIN) is up more than 4.55% at $7.35 in pre-market hours Wednesday December 02, 2020. The stock had jumped over 8.32% to $7.03 in the last trading session.
    Moleculin Biotech Inc. (MBRX) lost over -7.83% at $0.9125 in pre-market trading Wednesday December 02, 2020 after declaring that the US Food and Drug Administration (FDA) has approved its request for a “Rare Pediatric Disease” designation for its drug candidate WP1066.
    Jaguar Health Inc. (JAGX) stock plunged -5.83% to $0.4313 in the pre-market trading. The most recent rating by Rodman & Renshaw, on July 11, 2017, is a Buy.
    Auris Medical Holding Ltd. (EARS) stock plunged -17.97% to $4.29 in the pre-market trading after reporting positive efficacy data from testing AM-301 in vitro. The most recent rating by Euro Pacific Capital, on October 08, 2018, is a Buy.
    Before the trading started on December 02, 2020, Sunworks Inc. (SUNW) is up 9.88% to reach $4.67. It has been trading in a 52-week range of $0.29 to $8.50.
    China Automotive Systems Inc. (NASDAQ: CAAS) shares are trading down -4.95% at $8.25 at the time of writing after the firm declared that its shipped approximately 120,000 units from its portfolio of electric power steering products for use in Chinese electric vehicles during 2020. Company’s 52-week ranged between $1.42 to $10.50.
    Tilray Inc. (NASDAQ: TLRY) shares are trading up 1.61% at $8.2 at the time of writing. Company’s 52-week ranged between $2.43 to $22.95. Analysts have a consensus price target of $4.77.
    Ocugen Inc. (OCGN) lost over -8.87% at $0.3101 in pre-market trading Wednesday December 02, 2020. The company recently reported that leading independent proxy firms ISS and Glass Lewis recommended Ocugen stockholders vote “FOR” reverse stock split and authorized shares amendment proposals.
    AMC Entertainment Holdings Inc. (AMC) is up more than 2.41% at $4.25 in pre-market hours Wednesday December 02, 2020. The stock had dropped over -2.81% to $4.15 in the last trading session.
    Before the trading started on December 02, 2020, JetBlue Airways Corporation (JBLU) is down -4.67% to reach $14.7 following the declaration of its pricing of common stock offering. It has been trading in a 52-week range of $6.61 to $21.65.
    Before the trading started on December 02, 2020, Uxin Limited (UXIN) is down -3.65% to reach $1.32. It has been trading in a 52-week range of $0.72 to $3.10.
    Li Auto Inc. (NASDAQ: LI) shares are trading up 1.78% at $35.48 at the time of writing after announcing that the Company delivered 4,646 Li ONEs in November 2020. Company’s 52-week ranged between $14.31 to $47.70. Analysts have a consensus price target of $45.60.
    Aurora Cannabis Inc. (ACB) stock soared 3.59% to $10.1 in the pre-market trading. The most recent rating by Jefferies, on November 16, 2020, is an Underperform.
    Tantech Holdings Ltd (TANH), a Household & Personal Products company, dropped about -3.24% at $1.79 in pre-market trading Wednesday after reporting the launch by its subsidiary, Shangchi Automobile Co., Ltd., of its newest highly innovative driverless and autonomous street sweeper.
    Corbus Pharmaceuticals Holdings Inc. (NASDAQ: CRBP) shares are trading down -5.52% at $1.37 at the time of writing. Company’s 52-week ranged between $0.91 to $9.78. Analysts have a consensus price target of $3.
    iBio Inc. (IBIO) is up more than 19.31% at $1.73 in pre-market hours Wednesday December 02, 2020 after revealing that it has entered into its first Statement of Work (“SoW”) under a Master Services Agreement with ATB Therapeutics to produce its bioengineered antibody-toxin fusion proteins using iBio’s FastPharming® System. The stock had dropped over -2.68% to $1.45 in the last trading session.
    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) shares are trading up 2.09% at $23.42 at the time of writing. Company’s 52-week ranged between $7.03 to $59.78. Analysts have a consensus price target of $26.
    Moderna Inc. (MRNA) stock soared 6.09% to $149.6 in the pre-market trading. The biotechnology firm reported recently, that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The most recent rating by Wells Fargo, on November 23, 2020, is an Equal weight.
    Switchback Energy Acquisition Corporation (SBE) is down more than -4.16% at $28.13 in pre-market hours Wednesday December 02, 2020. The stock had dropped over -12.67% to $29.35 in the last trading session.
    Novavax Inc. (NVAX) grew over 4.84% at $129.44 in pre-market trading today after declaring COVID-19 vaccine clinical development progress.
    Before the trading started on December 02, 2020, Eastman Kodak Company (KODK) is up 3.88% to reach $7.5. It has been trading in a 52-week range of $1.50 to $60.00.
    ReneSola Ltd (SOL), a Solar company, dropped about -11.66% at $6.97 in pre-market trading Wednesday after releasing its third quarter 2020 financial results.
    Acasti Pharma Inc. (ACST) stock plunged -9.56% to $0.3301 in the pre-market trading. The most recent rating by Oppenheimer, on September 01, 2020, is a Perform.
    Pfizer Inc. (PFE) stock moved up 3.73 percent to $40.88 in the pre-market trading after the firm and BioNTech SE reporting that the Medicines & Healthcare Products Regulatory Agency (MHRA) in the U.K. has granted a temporary authorization for emergency use for their COVID-19 mRNA vaccine (BNT162b2), against COVID-19.
    Gevo Inc. (NASDAQ: GEVO) shares are trading down -3.17% at $1.83 at the time of writing. Company’s 52-week ranged between $0.46 to $2.91.
    Fisker Inc. (FSR) is down more than -3.41% at $17.55 in pre-market hours Wednesday December 02, 2020. The company recently reported that that Henrik Fisker, chairman and chief executive officer of Fisker, will participate in the Credit Suisse Eighth Annual Virtual Industrials Conference. The stock had dropped over -6.24% to $18.17 in the last trading session.
    Nxt-ID Inc. (NXTD) grew over 43.17% at $0.587 in pre-market trading today.
    Before the trading started on December 02, 2020, Bloom Energy Corporation (BE) is down -6.58% to reach $23.0 and the company will host virtual analyst day on December 16, 2020. It has been trading in a 52-week range of $3.00 to $28.24.
    Ocean Power Technologies Inc. (OPTT), a Electrical Equipment & Parts company, dropped about -3.54% at $2.45 in pre-market trading Wednesday.
    Nikola Corporation (NKLA) stock soared 4.38% to $18.13 in the pre-market trading after signing MOU with General Motors. The most recent rating by Loop Capital, on November 20, 2020, is a Buy.
    Vaxart Inc. (VXRT) gained over 3.92% at $7.95 in pre-market trading Wednesday December 02, 2020.
    salesforce.com inc. (CRM) lost over -4.16% at $231.3 in pre-market trading Wednesday December 02, 2020 after introducing service cloud workforce engagement to help contact centers thrive in an all-digital, work-from-anywhere world.
    InVivo Therapeutics Holdings Corp. (NVIV), a Biotechnology company, rose about 2.42% at $0.635 in pre-market trading Wednesday.
    FuelCell Energy Inc. (FCEL) stock plunged -20.11% to $7.23 in the pre-market trading following the publication pricing of its underwritten public offering of 34,518,539 shares of its common stock, at a public offering price of $6.50 per share. The most recent rating by JP Morgan, on November 19, 2020, is a Neutral.
    Pershing Square Tontine Holdings Ltd. (PSTH), a Shell Companies company, rose about 2.34% at $26.25 in pre-market trading Wednesday.
    Virgin Galactic Holdings Inc. (NYSE: SPCE) shares are trading up 4.37% at $29.59 at the time of writing after reporting its new flight window since it paused the spaceflight preparations in response to state guidelines from the New Mexico Department of Health to reduce the spread of COVID-19. Company’s 52-week ranged between $7.14 to $42.49. Analysts have a consensus price target of $19.
    Second Sight Medical Products Inc. (EYES) stock moved down -8.0 percent to $1.38 in the pre-market trading.
    BioNTech SE (BNTX) grew over 7.36% at $122.4 in pre-market trading today after declaring that it will hold a press conference including a video webcast on Wednesday, December 2, 2020, to provide an update on the status of the COVID-19 vaccine development program of its lead vaccine candidate BNT162b2.
    Sogou Inc. (SOGO), a Internet Content & Information company, rose about 3.09% at $8.68 in pre-market trading Wednesday.
    Tellurian Inc. (TELL) is down more than -4.29% at $1.56 in pre-market hours Wednesday December 02, 2020 and the firm recently declared the appointment veteran CEO and adds industry experts to board of directors. The stock had jumped over 9.40% to $1.63 in the last trading session.
    Arlo Technologies Inc. (ARLO) lost over -3.48% at $6.66 in pre-market trading Wednesday December 02, 2020.
    Before the trading started on December 02, 2020, ZoomInfo Technologies Inc. (ZI) is down -3.57% to reach $46.22 as the firm announced pricing of secondary offering of shares of class a common stock. It has been trading in a 52-week range of $30.83 to $64.40.

  • 38 stocks trending in pre-market

    38 stocks trending in pre-market

    AnPac Bio-Medical Science Co. Ltd. (ANPC) stock plunged 0.0% to $7.14 in the pre-market trading after announcing that it experienced strong demand for its cancer screening tests and set a record in paid test volume in the third quarter.
    BOQI International Medical Inc. (NASDAQ: BIMI) shares are trading down -4.78% at $1.99 at the time of writing. Company’s 52-week ranged between $1.50 to $7.40.
    Slack Technologies Inc. (WORK) lost over -3.44% at $39.3 in pre-market trading Friday November 27, 2020. The technology company will report its financial results for the third quarter of fiscal year 2021, ended October 31, 2020, following the close of the U.S. markets on Wednesday, December 9, 2020.
    Before the trading started on November 27, 2020, Fisker Inc. (FSR) is down -5.0% to reach $20.53. It has been trading in a 52-week range of $8.70 to $21.60.
    Ferroglobe PLC (GSM) stock soared 2.36% to $1.3 in the pre-market trading following the announcement of results for the third quarter of 2020. The most recent rating by Stifel, on September 16, 2019, is a Hold.
    Appian Corporation (NASDAQ: APPN) shares are trading up 1.2% at $177.0 at the time of writing. Company’s 52-week ranged between $29.07 to $139.75. Analysts have a consensus price target of $84.
    The9 Limited (NCTY) tumbled over -3.74% at $3.47 in pre-market trading today. The firm recently reported that it will hold its annual general meeting of shareholders at the 17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai 200080, People’s Republic of China on December 22, 2020 at 2:00 p.m., Shanghai time.
    Future FinTech Group Inc. (FTFT), a Software – Application company, dropped about -8.33% at $2.75 in pre-market trading Friday.
    ZK International Group Co. Ltd. (ZKIN), a Steel company, dropped about -11.4% at $2.02 in pre-market trading Friday after a news announced by company that its wholly-owned subsidiary, xSigma Corporation, (“xSigma”) www.xsigma.com is launching a Decentralized Finance (“DeFi”) protocol which aims to provide a new level of transparency and legitimacy to decentralized financial blockchain-based smart contracts.
    Athersys Inc. (ATHX) is up more than 8.47% at $1.92 in pre-market hours Friday November 27, 2020. The stock had jumped over 12.03% to $1.77 in the last trading session.
    Sundial Growers Inc. (SNDL) is up more than 12.54% at $0.3151 in pre-market hours Friday November 27, 2020. The firm will participate in Cowen’s 2020 Boston Cannabis Conference, to be held virtually between November 30 and December 2, 2020. The stock had dropped over -6.95% to $0.28 in the last trading session.
    Before the trading started on November 27, 2020, Tuniu Corporation (TOUR) is up 15.86% to reach $4.09 after declaring that it plans to release its unaudited financial results for the third quarter ended September 30, 2020, before the market opens on December 1, 2020. It has been trading in a 52-week range of $0.73 to $3.26.
    Gevo Inc. (GEVO) stock soared 5.64% to $2.06 in the pre-market trading. The most recent rating by H.C. Wainwright, on September 07, 2018, is a Buy.
    RMG Acquisition Corp. (RMG), a Shell Companies company, rose about 13.13% at $15.94 in pre-market trading Friday after reporting that the close of business on Tuesday, December 1, 2020, has been set as the record date for the determination of stockholders eligible to receive the proxy and vote at the special meeting to be held to consider and approve the previously announced merger with Romeo Systems, Inc., a Delaware corporation.
    Veritone Inc. (NASDAQ: VERI) shares are trading down -4.12% at $20.0 at the time of writing. Company’s 52-week ranged between $1.22 to $19.67. Analysts have a consensus price target of $6.
    Viomi Technology Co. Ltd (VIOT) is up more than 2.09% at $5.85 in pre-market hours Friday November 27, 2020 after the technology company released its unaudited financial results for the third quarter ended September 30, 2020. The stock had dropped over -8.76% to $5.73 in the last trading session.
    Before the trading started on November 27, 2020, Acasti Pharma Inc. (ACST) is down -3.1% to reach $0.2597. It has been trading in a 52-week range of $0.17 to $3.08.
    EHang Holdings Limited (EH) stock soared 7.41% to $14.5 in the pre-market trading after announcing that its two-seater passenger-grade AAV, EHang 216 has completed its maiden flights in three Korean locations – Seoul, Daegu, and Jeju Island. The most recent rating by Needham, on February 07, 2020, is a Buy.
    Apex Technology Acquisition Corporation (APXT) share price soared +36.67% in pre market on Friday after the news declared by AvePoint, Inc., that it has entered into a definitive business combination agreement with Apex Technology Acquisition Corporation (NASDAQ: APXT).
    Canaan Inc. (CAN), a Computer Hardware company, dropped about -8.48% at $5.83 in pre-market trading Friday.
    Tantech Holdings Ltd (TANH) stock moved up 9.05 percent to $2.17 in the pre-market trading after recently declared the closing of $10 million offering.
    BlueCity Holdings Limited (BLCT) is up more than 2.77% at $12.6 in pre-market hours Friday November 27, 2020. The company recently reported that it has entered into a definitive agreement with iRainbow Hong Kong Limited (“Finka”) and all of its subsidiaries and other entities under the control of Finka, pursuant to which BlueCity agreed to acquire 100% equity interests in Finka for an aggregate consideration of RMB240 million in cash. The stock had dropped over -9.19% to $12.26 in the last trading session.
    Before the trading started on November 27, 2020, Uxin Limited (UXIN) is up 13.41% to reach $1.86. It has been trading in a 52-week range of $0.72 to $3.10.
    Blink Charging Co. (BLNK) stock plunged -4.11% to $24.24 in the pre-market trading after declaring that it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. The most recent rating by H.C. Wainwright, on August 14, 2020, is a Neutral.
    FreightCar America Inc. (NASDAQ: RAIL) shares are trading up 10.45% at $2.22 at the time of writing following the company announced receipt of stockholder approval for issuance of warrant and funding of new term loan. Company’s 52-week ranged between $0.73 to $2.87. Analysts have a consensus price target of $4.50.
    Luokung Technology Corp. (LKCO) grew over 3.3% at $0.5568 in pre-market trading today after reporting that it has closed the acquisition of 67.36% of BOTBRAIN AI LIMITED.
    ClearOne Inc. (CLRO), a Communication Equipment company, rose about 2.43% at $2.53 in pre-market trading Friday. The firm recently declared financial results for the three and nine month periods ended September 30, 2020.
    Pennsylvania Real Estate Investment Trust (PEI) stock plunged -5.41% to $1.05 in the pre-market trading. The most recent rating by SunTrust, on January 16, 2020, is a Sell.
    Yunji Inc. (NASDAQ: YJ) shares are trading down -16.23% at $4.13 at the time of writing after reporting its unaudited financial results for the third quarter ended September 30, 2020. Company’s 52-week ranged between $1.67 to $5.95. Yunji Announces Third Quarter 2020 Unaudited Financial Results.
    Aurora Cannabis Inc. (ACB) is up 38.58% in pre market session on Friday after reporting that it has entered into a strategic Supply Agreement with Cantek Holdings, one of Israel’s leaders in the medical cannabis field.
    Aurora Mobile Limited (JG) is up more than 10.76% at $3.5 in pre-market hours Friday November 27, 2020 following the firm reported that it has entered into a 5G strategic cooperation framework agreement and a 5G messaging connection test agreement with China United Network Communications Limited Beijing Branch. The stock had dropped over -13.42% to $3.16 in the last trading session.
    Before the trading started on November 27, 2020, The ExOne Company (XONE) is up 7.0% to reach $13.0. It has been trading in a 52-week range of $3.55 to $16.89.
    Ideanomics Inc. (IDEX) stock soared 8.49% to $2.94 in the pre-market trading. The technology company lately revealed that it has increased its stake in California-based Solectrac, Inc. through a follow-on investment of an additional $1.3 million.
    Medigus Ltd. (MDGS) is down more than -5.14% at $2.95 in pre-market hours Friday November 27, 2020. The stock had dropped over -10.63% to $3.11 in the last trading session.
    The Gap Inc. (NYSE: GPS) shares are trading up 2.55% at $22.15 at the time of writing after releasing its financial results for the third quarter of fiscal year 2020, ending October 31. Company’s 52-week ranged between $5.26 to $26.99. Analysts have a consensus price target of $23.
    Before the trading started on November 27, 2020, Golden Bull Limited (BTBT) is down -15.82% to reach $6.12. It has been trading in a 52-week range of $0.28 to $7.05.
    Ashford Hospitality Trust Inc. (AHT) grew over 0.34% at $2.99 in pre-market trading today after announcing that closing of exchange offers for all Outstanding series of its preferred stock.
    ECMOHO Limited (MOHO), a Specialty Retail company, dropped about -3.85% at $2.75 in pre-market trading Friday after declaring that it will release its unaudited financial results for the third quarter ended September 30, 2020 on Monday, November 30, 2020.

  • 41 Stocks Taking Bigger Strides in Pre-Market Session

    41 Stocks Taking Bigger Strides in Pre-Market Session

    IMAC Holdings Inc. (IMAC) stock plunged -13.16% to $1.32 in the pre-market trading after the company reported third-quarter earnings. The most recent rating by Ascendiant Capital Markets, on April 15, 2020, is at a Buy.

    Allied Healthcare Products Inc. (NASDAQ: AHPI) shares are trading down -10.31% at $7.05 at the time of writing. The company’s 52-week range was noted as $0.92 to $45.00.

    EuroDry Ltd. (EDRY) tumbled over -16.9% at $5.9 in pre-market trading today following Company posted results for the nine-month period and quarter ending September 30, 2020.

    Pyxis Tankers Inc. (PXS), a Marine Shipping company, dropped about -11.86% at $1.04 in pre-market trading Friday as a result of publication stating announcement date of quarterly results and conferencing call.

    XPeng Inc. (XPEV) stock moved up 5.41 percent to $47.15 in the pre-market trading after the news that it has posted strong operating and financial results as a public company.

    Electra Meccanica Vehicles Corp. (SOLO) gained over 18.01% at $5.7 in pre-market trading Friday 13 November 2020 as the company posted robust 3rd quarter results.

    Li Auto Inc. (LI) is up more than 19.57% at $38.0 in pre-market hours Friday 13 November 2020 as the news appeared that the company has announced unaudited Q3 earnings. The stock had jumped over 27.27% to $31.78 in the last trading session.

    Before the trading started on 13 November 2020, Sino-Global Shipping America Ltd. (SINO) is down -7.02% to reach $2.25 following the company revealed earnings scores of fiscal 2020. It has been trading in a 52-week range of $1.37 to $4.89.

    Biocept Inc. (BIOC) stock plunged -15.42% to $5.21 in the pre-market trading as the firm posted third-quarter earnings. The most recent rating by Chardan Capital Markets, on November 14, 2017, is at a Buy.

    Fulgent Genetics Inc. (NASDAQ: FLGT) shares are trading up 6.63% at $41.0 at the time of writing after the news surfaced that company has reported record 3rd quarter earnings and raised its outlook for full-year 2020. The company’s 52-week range was noted as $6.70 to $52.47. Analysts have a consensus price target of $75.

    Zhongchao Inc. (ZCMD) tumbled over -10.7% at $1.92 in pre-market trading today after it was publicized that Zhongchao Inc. and Takeda pharmaceutical will expand the extent of collaboration in China.

    CBAK Energy Technology Inc. (CBAT), an Electrical Equipment & Parts company, rose about 28.46% at $5.1 in pre-market trading.

    Aeterna Zentaris Inc. (AEZS) lost over -11.11% at $0.32 in pre-market trading Friday 13 November 2020 as it was reported that the giant has announced its 3rd quarter earnings results as well provided business update.

    Northern Dynasty Minerals Ltd. (NAK) is down more than -4.5% at $0.885 in pre-market hours Friday 13 November 2020. The stock had jumped over 13.08% to $0.93 in the last trading session.

    Before the trading started on 13 November 2020, 9F Inc. (JFU) is down -9.68% to reach $1.12. It has been trading in a 52-week range of $0.72 to $11.41.

    Boxlight Corporation (BOXL) stock soared 4.97% to $1.69 in the pre-market trading after the news that the company is set to hold data for its Q3 earnings results and conference call. The most recent rating by National Securities, on May 19, 2020, is at a Buy.

    CureVac N.V. (NASDAQ: CVAC) shares are trading up 5.83% at $73.75 at the time of writing as cureVac’s COVID-19 vaccine candidate, CVnCoV, is suitable for standard fridge temperature Logistics. The company’s 52-week range was noted as $36.15 to $85.00.

    NIO Limited (NIO) grew over 5.57% at $50.99 in pre-market trading today as the news surfaced that the Chinese maker of electric vehicles, Nio Inc (NASDAQ: NIO), is facing intensified competition from Tesla Inc (NASDAQ: TSLA), which will only get more serious with the introduction of its China-made Model Y car.

    Revlon Inc. (REV), a Household & Personal Products company, dropped about -8.49% at $11.0 in pre-market trading Friday after the reports that company sales dropped during the third fiscal quarter.

    Kandi Technologies Group Inc. (KNDI) stock moved up 12.72 percent to $7.8 in the pre-market trading after it was revealed in the news that Kandi Technologies announced the closing of a registered direct placement of $60 million of common stock and warrants.

    Niu Technologies (NIU) gained over 4.49% at $33.29 in pre-market trading Friday 13 November 2020 as it was reported the company will announce its quarterly results on November 23, 2020.

    Onconova Therapeutics Inc. (ONTX) is down more than -10.86% at $0.2601 in pre-market hours Friday 13 November 2020 as news appeared that the company has issued a business update and reveled its quarterly earnings results. The stock had jumped over 7.99% to $0.29 in the last trading session.

    Before the trading started on 13 November 2020, Futu Holdings Limited (FUTU) is up 4.7% to reach $41.68 as it was publicized that the company’s stock will be added to the MSCI Hong Kong Small Cap Index. It has been trading in a 52-week range of $8.16 to $40.99.

    Fisker Inc. (FSR) stock soared 5.86% to $15.89 in pre-market trading. The most recent rating by Cowen, on November 09, 2020, is at an Outperform.

    Novavax Inc. (NASDAQ: NVAX) shares are trading up 5.43% at $95.8 at the time of writing. The company’s 52-week range was noted as $3.54 to $189.40 after the report that company loss widened in Q3 and revenues missed analysts’ estimates. Analysts have a consensus price target of $290.

    Kaixin Auto Holdings (KXIN) grew over 9.46% at $3.47 in pre-market trading today.

    Vipshop Holdings Limited (VIPS), an Internet Retail company, rose about 6.09% at $23.5 in pre-market trading Friday after the exciting news surfaced that the stock earnings beat analysts’ predictions.

    Inovio Pharmaceuticals Inc. (INO) stock moved up 4.75 percent to $11.9 in the pre-market trading after the company posted its third-quarter results.

    Fastly Inc. (FSLY) gained over 4.94% at $80.01 in pre-market trading Friday 13 November 2020.

    Verastem Inc. (VSTM) is up more than 4.64% at $1.58 in pre-market hours Friday 13 November 2020 after the company highlighted its recent progress along with its quarterly results. The stock had jumped over 5.59% to $1.51 in the last trading session.

    Before the trading started on 13 November 2020, NovaBay Pharmaceuticals Inc. (NBY) is down -19.99% to reach $0.52 as the company posted Q3 earnings reports. It has been trading in a 52-week range of $0.24 to $1.94.

    Digital Ally Inc. (DGLY) stock plunged -7.51% to $2.34 in the pre-market trading after the publication of the company’s Q3 operating results. The most recent rating by Aegis Capital, on June 29, 2020, is at a Buy.

    Jumia Technologies AG (NYSE: JMIA) shares are trading up 5.01% at $14.25 at the time of writing after the company said that it has managed to cut down on losses after making a strategic shift due to covid-19. The company’s 52-week range was noted as $2.15 to $23.90. Analysts have a consensus price target of $4.50.

    JD.com Inc. (JD) grew over 4.83% at $90.55 in pre-market trading today after the company revealed the date of its earnings call.

    Creative Realities Inc. (CREX), a Software – Application company, dropped about -15.53% at $0.87 in pre-market trading Friday as the company reported its third-quarter 2020 results.

    Myovant Sciences Ltd. (MYOV) stock moved up 6.43 percent to $18.22 in the pre-market trading following Corporate Updates and Financial Results for the second-quarter fiscal year 2020.

    Cassava Sciences Inc. (SAVA) lost over -19.59% at $8.99 in pre-market trading Friday 13 November 2020 as Cassava Sciences announced a proposed public offering of common stock.

    Four Seasons Education (Cayman) Inc. (FEDU) is down more than -6.41% at $0.82 in pre-market hours Friday 13 November 2020. The stock had jumped over 2.82% to $0.88 in the last trading session.

    Before the trading started on 13 November 2020, Bionano Genomics Inc. (BNGO) is down -6.65% to reach $0.535 as the company revealed its latest business update along with quarterly earnings results. It has been trading in a 52-week range of $0.25 to $1.39.

    Blink Charging Co. (BLNK) stock plunged -5.94% to $9.82 in the pre-market trading as the company revealed both quarterly and nine-month 2020 results. The most recent rating by H.C. Wainwright, on August 14, 2020, is at a Neutral.

    Farfetch Limited (NYSE: FTCH) shares are trading up 15.71% at $50.0 at the time of writing as the company posted Q3 earnings results. The company’s 52-week range was noted as $5.99 to $44.73. Analysts have a consensus price target of $42.

    Kensington Capital Acquisition Corp. (KCAC) grew over 11.19% at $15.9 in pre-market trading today after the company announced on November 25, 2020, a special meeting will be held to approve the business combination.

    Aytu BioScience Inc. (AYTU), a Biotechnology company, dropped about -2.93% at $0.9998 in pre-market trading Friday following Aytu BioScience announced fiscal Q1 2021 net revenue of $13.5 Million, an increase of 839% year-over-year.

    Palatin Technologies Inc. (PTN) stock moved up 4.22 percent to $0.4151 in the pre-market trading after it reports 1st quarter and fiscal year 2021 results; Teleconference and Webcast to be held on November 17, 2020.

    SPI Energy Co. Ltd. (SPI) gained over 5.43% at $8.15 in pre-market trading Friday 13 November 2020.

    Nabriva Therapeutics plc (NBRV) stock soared 6.41% to $0.45 in the pre-market trading. The most recent rating by Wedbush, on March 19, 2020, is at a Neutral. Nabriva Therapeutics to Participate in Upcoming Virtual Investor Conferences.

    Timber Pharmaceuticals Inc. (AMEX: TMBR) shares are trading up 5.32% at $0.99 at the time of writing after the announcement of the business update and 3rd quarter results. The company’s 52-week range was noted as $0.87 to $12.60.