Why Doximity Shares Are Trading Higher By 14%; Here Are 20 Stocks Moving Premarket
Shares of Doximity, Inc. (NYSE:DOCS) rose sharply in today's pre-market trading reported stronger-than-expected financial results for the fourth quarter on Thursday.
Doximity's fourth-quarter revenue increased 6% year-over-year to $118.1 million, which beat the consensus estimate of $116.4 million, according to Benzinga Pro. The company reported adjusted earnings of 25 cents per share, beating analyst estimates of 20 cents per share.
The company said it expects first-quarter revenue to be between $119.5 million and $120.5 million versus estimates of $119.23 million.
Doximity shares jumped 13.7% to $27.00 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- Akanda Corp. (NASDAQ:AKAN) gained 124% to $0.2968 in pre-market trading after jumping around 27% on Thursday.
- Fangdd Network Group Ltd. (NASDAQ:DUO) shares gained 91.6% to $0.7857 in pre-market trading. FangDD filed 2023 annual report on Form 20-F.
- Crown ElectroKinetics Corp. (NASDAQ:CRKN) gained 79.2% to $0.43 in pre-market trading after surging around 419% on Thursday.
- Bruush Oral Care Inc. (NASDAQ:BRSH) rose 71.4% to $0.24 in today's pre-market trading after gaining around 93% on Thursday.
- Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares rose 57.2% to $0.2328 in pre-market trading after jumping 148% on Thursday.
- Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) gained 52.6% to $2.52 in pre-market trading after adding around 134% on Thursday.
- Kaixin Holdings (NASDAQ:KXIN) shares rose 46% to $0.3211 in pre-market trading after surging over 70% on Thursday.
- Nukkleus Inc. (NASDAQ:NUKK) shares climbed 19.4% to $1.04 in pre-market trading
- Reddit, Inc. (NYSE:RDDT) gained 13.5% to $63.99 in pre-market trading after the company announced a partnership with OpenAI.
Losers
- AmpliTech Group, Inc. (NASDAQ:AMPG) shares declined 36.4% to $1.38 in pre-market trading.
- E-Home Household Service Holdings Limited (NASDAQ:EJH) shares dipped 23.2% to $0.7908 in pre-market trading after gaining around 10% on Thursday.
- DXC Technology Company (NYSE:DXC) shares declined 22.3% to $15.45 in pre-market trading after the company issued weak guidance.
- OptiNose, Inc. (NASDAQ:OPTN) shares fell 14% to $1.11 in pre-market trading. OptiNose recently posted a wider-than-expected quarterly loss.
- Bridgeline Digital Inc (NASDAQ:BLIN) shares fell 12.2% to $1.00 in pre-market trading. Bridgeline Digital recently posted a narrower-than-expected second-quarter loss.
- Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) shares fell 11% to $51.00 in pre-market trading after the company reduced its dividend and said it expects third-quarter and fourth-quarter results below its prior expectations.
- Warrantee Inc (NASDAQ:WRNT) shares fell 10% to $0.27 in pre-market trading.
- Lucy Scientific Discovery Inc. (NASDAQ:LSDI) shares fell 9.4% to $1.44 in pre-market trading after jumping 208% on Thursday.
- Edible Garden AG Incorporated (NASDAQ:EDBL) shares declined 9.3% to $4.31 in pre-market trading. Edible Garden recently posted weak quarterly results.
- Tellurian Inc. (NYSE:TELL) fell 8.2% to $0.4787 in pre-market trading.
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