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AVAV

BGLC

BWEN

VVX

In Tuesday's pre-market session, several industrials stocks showed notable movements. AeroVironment (AVAV) led the gainers with an 18.0% increase following its Q3 earnings report, while BioNexus Gene Lab (BGLC) led the losers, dropping 12.1%. Other notable movements included Momentus (MNTS), WANG & LEE Group (WLGS), and Energy Focus (EFOI) among the gainers, and FGI Industries (FGI), MingZhu Logistics Hldgs (YGMZ), and Sidus Space (SIDU) among the losers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

DSP

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PHUN

In Tuesday's pre-market session, several Information Technology stocks showed significant movement. Notably, Phunware, Viant Technology, BigBear.ai Holdings, Casa Systems, Cipher Mining, and Dave reported gains, with Phunware leading at a 20.0% increase. Conversely, GitLab, SEMrush Holdings, Presto Automation, SmartRent, Wetouch Technology, and Argo Blockchain experienced declines, with GitLab seeing the largest drop of 20.8%. The movements were largely attributed to the release of Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

PAY

Paymentus Holdings, Inc. (PAY) shares surged 18.3% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations. Other stocks showed significant movement in pre-market trading due to various factors including earnings reports, contract awards, and market volatility.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:06 pm

DSP

Viant Technology (NASDAQ:DSP) exceeded Q4 adjusted earnings expectations and provided Q1 revenue guidance above estimates. Despite missing Q4 sales estimates, the company's adjusted earnings were 14 cents per share against expected losses. Q1 revenue is forecasted between $49 million to $52 million, surpassing the $48.224 million estimate. The company's focus on cookie-free advertising solutions and AI product suite has driven growth. Following the report, Viant's shares rose 1.3%, and analysts from Needham and Canaccord Genuity adjusted their price targets upwards.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:05 pm

FSTR

L.B. Foster (NASDAQ:FSTR) reported a Q4 EPS of $(0.04), missing the $0.01 estimate, marking a 121.05% decrease from last year's $0.19 EPS. However, their sales of $134.88M exceeded the $129.35M estimate, despite being a 1.67% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:03 pm

SMRT

SmartRent has announced a new stock repurchase program valued at $50 million, signaling confidence in the company's future prospects and potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:02 pm

QNRX

Quoin Pharmaceuticals Ltd. (NASDAQ:QNRX) announced a public offering priced at $6.5M, involving 4,062,500 ordinary shares represented by American Depositary Shares and Series D and E warrants. The offering, managed by A.G.P./Alliance Global Partners as the sole placement agent, aims to raise funds for general corporate purposes, with a closing date expected around March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:02 pm

CARA

Cara Therapeutics (NASDAQ:CARA) has received mixed analyst ratings over the past three months, with a total of 4 bullish ratings. The 12-month price targets show an average of $4.62, with a high of $6.00 and a low of $2.50, marking a significant decline from the previous average. The company's financial performance indicates challenges in revenue growth and efficiency, with a notable revenue decline of -55.0% as of September 30, 2023, and below-average ROE and ROA. However, it maintains a strong net margin and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:01 pm

DSP

Viant Technology (NASDAQ:DSP) received mixed analyst ratings, with a recent shift towards more positive evaluations. The average 12-month price target is $10.5, reflecting a 29.31% increase from the previous target. The company's financial performance shows strong revenue growth and profitability metrics, outperforming industry averages. Analysts from Canaccord Genuity, Needham, and Raymond James have raised their price targets and ratings, indicating a positive outlook on the company's future.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:00 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) announced a registered direct offering of 4,624,280 shares at $0.865 per share, aiming to raise approximately $4.0 million. The offering includes warrants with an exercise price of $0.74, exercisable immediately and expiring in five years. A.G.P./Alliance Global Partners is the placement agent for this offering, which is expected to close by March 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:00 pm