Shares of Serve Robotics Inc. (SERV) experienced a sharp rise in today’s pre-market trading, fueled by the company’s announcement of better-than-expected second-quarter sales results. Despite reporting quarterly losses of 27 cents per share, which fell short of the analyst consensus estimate for a loss of 25 cents per share, Serve Robotics surpassed expectations on the revenue front. The company reported quarterly sales of $468.375 thousand, exceeding the analyst consensus estimate of $400.000 thousand. This positive news sent Serve Robotics shares soaring by 14% to $11.82 in pre-market trading.
Beyond Serve Robotics, several other stocks are experiencing notable movements in pre-market trading. Among the gainers, Digital Ally, Inc. (DGLY) saw a substantial 80.7% jump to $1.52 following the company’s receipt of a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles. Conduit Pharmaceuticals Inc. (CDT) witnessed a 40.7% gain to $0.1934, recovering from a 19% decline on Tuesday. Nuburu, Inc. (BURU) saw its shares climb 19.5% to $1.90, rebounding from a dip exceeding 12% on Tuesday. Vertex Energy, Inc. (VTNR) surged by 16% to $0.52, building on its over 10% jump on Tuesday. The company last week reported mixed second-quarter financial results. Revelation Biosciences, Inc. (REVB) gained 15.5% to $1.04, following the company’s posting of a second-quarter GAAP loss of $5.13 per share. Nkarta, Inc. (NKTX) witnessed a 15.4% rise to $5.74 as the company reported a narrower-than-expected quarterly loss. Laser Photonics Corporation (LASE) climbed 12.5% to $3.78 after tumbling over 22% on Tuesday. Snail, Inc. (SNAL) shares rose 8.7% to $0.8899 following the company’s announcement of second-quarter results. Qifu Technology, Inc. (QFIN) saw a 6.7% gain to $22.52, coinciding with the company’s release of second-quarter results and the announcement of Hongyi Zhou’s resignation as Director and Chairman of the Board for personal reasons.
On the other side of the coin, several stocks are experiencing losses in pre-market trading. TC Biopharm (Holdings) Plc (TCBP) shares plummeted by 38.2% to $2.28 after the company disclosed the pricing of a 2 million unit offering at $1 per unit. Bionomics Limited (BNOX) declined by 27.3% to $0.44. Iveda Solutions, Inc. (IVDA) shares dropped by 23.2% to $0.2840, following an 8% decline on Tuesday. Santech Holdings Limited (STEC) shares dipped 20.5% to $0.2050 after a 18% surge on Tuesday. Alternus Clean Energy Inc. (ALCE) fell by 17.1% to $0.19. Ouster, Inc. (OUST) shares shed 16.9% to $9.04 as the company reported worse-than-expected second-quarter sales results and issued weak third-quarter revenue guidance. QuickLogic Corporation (QUIK) shares fell 16.2% to $7.89 after releasing second-quarter results. WISeKey International Holding AG (WKEY) dropped 15.5% to $2.60 after a 23% surge on Tuesday. Twin Vee Powercats Co. (VEEE) shares fell 15.5% to $0.4055, building on a decline of around 5% on Tuesday. SeaStar Medical Holding Corporation (ICU) fell 13.5% to $5.23 in pre-market trading after reporting second-quarter results.
This pre-market activity suggests a day of volatility ahead, with various companies experiencing significant price fluctuations. Investors will be closely watching these stocks to see how their performance unfolds during regular trading hours.
