Why Paymentus Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket

Shares of Paymentus Holdings, Inc. (NYSE:PAY) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth quarter financial results.

Paymentus reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 7 cents per share. Quarterly sales clocked in at $164.8 million which beat the analyst consensus estimate of $157.416 million.

Paymentus Holdings shares jumped 18.3% to $19.34 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

• Zhongchao Inc. (NASDAQ:ZCMD) gained 79.8% to $5.70 in pre-market trading. Zhongchao recently announced a 1-for-10 share consolidation.
• Momentus Inc. (NASDAQ:MNTS) shares rose 46.2% to $1.14 in pre-market trading after the company was awarded a contract from NASA.
• Phunware, Inc. (NASDAQ:PHUN) shares rose 30.2% to $16.16 in pre-market trading. Phunware shares jumped 75% on Monday amid volatility in Trump-related stocks after Donald Trump won the Missouri and Idaho Republican caucuses. Also, the Supreme Court ruled that Colorado can't remove Donald Trump from the Republican primary ballot in the state.
• Sunshine Biopharma, Inc. (NASDAQ:SBFM) gained 19.3% to $0.0536 in pre-market trading after dipping 19% on Monday. Sunshine Biopharma recently announced closing of $10.0 million underwritten public offering.
• AeroVironment, Inc. (NASDAQ:AVAV) shares surged 19.1% to $155.50 in pre-market trading after the company reported better-than-expected results for its fourth quarter. The company said it sees FY24 adjusted earnings of $2.69 to $2.83 per share on revenue of $700 million to $710 million.
• Vicarious Surgical Inc. (NYSE:RBOT) rose 15.2% to $0.4149 in pre-market trading after the company reported quarterly financial results.
• NKGen Biotech, Inc. (NASDAQ:NKGN) climbed 13.5% to $0.9480 in pre-market trading. NKGen Biotech will present data on SNK01 in Alzheimer's disease at the Tau2024 Global Conference Mar. 25-26.
• China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) shares gained 12.8% to $3.00 in pre-market trading after declining 9% on Monday. China Jo-Jo Drugstores recently announced a 1-for-20 reverse stock split.
• New York Community Bancorp, Inc. (NASDAQ:NYCB) gained 6.3% to $2.90 in pre-market trading after falling 23% on Monday. New York Community Bancorp last week announced that it identified material weaknesses in its internal controls and replaced its CEO.

Losers

• Quoin Pharmaceuticals, Ltd. (NASDAQ:QNRX) fell 28.3% to $2.08 in pre-market trading. Quoin Pharmaceuticals shares gained over 3% on Monday after the company announced FDA clearance to recruit teen subjects into both of its ongoing Netherton Syndrome clinical studies.
• GitLab Inc. (NASDAQ:GTLB) shares tumbled 22.4% to $57.80 after the company issued FY25 earnings guidance below estimates.
• Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) fell 17.6% to $1.73 pre-market trading after the company reported mixed fourth-quarter financial results.
• Cara Therapeutics, Inc. (NASDAQ:CARA) fell 16.7% to $0.8325 in pre-market trading following downbeat fourth-quarter results.
• Renalytix Plc (NASDAQ:RNLX) shares declined 15% to $1.25 in pre-market trading. Renalytix shares jumped 41% on Monday after the company announced that it received an unsolicited approach from a publicly listed strategic diagnostics company.
• Stitch Fix, Inc. (NASDAQ:SFIX) shares dipped 14.5% to $2.80 in pre-market trading after the company reported worse-than-expected second-quarter financial results and issued a weak revenue forecast for FY24.
• Ainos, Inc. (NASDAQ:AIMD) shares fell 12.5% to $1.24 in pre-market trading after surging 35% on Monday.
• Vivakor, Inc. (NASDAQ:VIVK) shares fell 11.4% to $0.9397 in pre-market trading after jumping around 30% on Monday. Vivakor signed a definitive merger agreement with Empire Diversified Energy for a combined enterprise value of approximately $250 million.
• Ethereal Tech PTE. Ltd (NASDAQ:FUFU) shares declined 11.4% to $11.62 in pre-market trading. BitFuFu shares jumped around 106% on Monday amid volatility following the company's recent business combination with Arisz Acquisition Corp and listing on the Nasdaq.
• MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) shares fell 10.9% to $0.48 in pre-market trading after gaining over 12% on Monday. MingZhu Logistics Holdings signed a non-binding letter of intent (LOI) to acquire driverless auto technologies and intellectual property (IP) portfolio valued between $80 million and $90 million.

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