Why Digital Turbine Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | August 08, 2024 06:02am

Shares of Digital Turbine, Inc. (NASDAQ:APPS) rose sharply in today's pre-market trading after the company reported better-than-expected quarterly financial results.

Revenue declined 19% Y/Y to $118.0 million, beating the consensus of $116.03 million. Adjusted EPS stood at 7 cents, surpassing the consensus of 4 cents.

Digital Turbine shares jumped 20.8% to $2.15 in pre-market trading.

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

Gainers

• Expion360 Inc. (NASDAQ:XPON) rose 36.5% to $0.1140 in today's pre-market trading. Expion360 shares dipped 68% on Wednesday after the company priced a $10 million underwritten public offering.
• Anew Medical, Inc. (NASDAQ:WENA) gained 25% to $1.360 in pre-market trading. Anew Medical announced the grant and issuance of patent number HK1259628 protecting the development of novel genetic approaches for neurodegenerative diseases to include Alzheimer’s disease, Parkinson’s diseases, and amyotrophic lateral sclerosis.
• Luxurban Hotels Inc (NASDAQ:LUXH) gained 26.3% to $0.12 in pre-market trading after falling 11% on Wednesday.
• Coeptis Therapeutics Holdings Inc (NASDAQ:COEP) jumped 24.8% to $0.26 in pre-market trading.
• Aspen Aerogels Inc (NYSE:ASPN) shares gained 21% to $22.38 in pre-market trading after the company reported better-than-expected second-quarter revenue results.
• Sezzle Inc. (NASDAQ:SEZL) gained 18% to $93.02 in pre-market trading after the company reported better-than-expected quarterly financial results.
• Color Star Technology Co., Ltd. (NASDAQ:ADD) shares gained 17.3% to $0.5725 in pre-market trading after surging 39% on Wednesday.
• Fluence Energy, Inc. (NASDAQ:FLNC) gained 13.7% to $15.73 in pre-market trading after the company reported better-than-expected third-quarter revenue results..
• Staffing 360 Solutions, Inc. (NASDAQ:STAF) shares rose 11.4% to $1.56 in pre-market trading after declining 8% on Wednesday.

Losers

• Cardlytics, Inc. (NASDAQ:CDLX) shares dipped 49.6% to $3.48 in pre-market trading after the company reported worse-than-expected second-quarter financial results.
• Outset Medical, Inc. (NASDAQ:OM) shares declined 47.1% to $1.80 in pre-market trading after the company reported worse-than-expected second-quarter financial results and cut its FY24 revenue guidance.
• Bumble Inc. (NASDAQ:BMBL) shares declined 39.8% to $4.85 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
• Viracta Therapeutics, Inc. (NASDAQ:VIRX) declined 38.9% to $0.2744 in pre-market trading.
• Greenlane Holdings, Inc. (NASDAQ:GNLN) shares fell 36.1% to $2.59 in pre-market trading after jumping 58% on Wednesday.
• JFrog Ltd. (NASDAQ:FROG) fell 27.4% to $24.73 pre-market trading after the company reported worse-than-expected second-quarter revenue results. Additionally, the company issued FY24 guidance below estimates.
• Know Labs, Inc. (NYSE:KNW) fell 21.5% to $0.22 in today's pre-market trading after the company priced its $3.445 million public offering of 13.25m units at $0.26 per unit.
• Dutch Bros Inc. (NYSE:BROS) shares fell 20.7% to $29.89 in pre-market trading after the company reported second-quarter results.
• Fastly, Inc. (NYSE:FSLY) fell 20.5% to $5.42 in pre-market trading after the company issued FY24 and Q3 guidance below estimates.
• Precigen, Inc. (NASDAQ:PGEN) shares fell 18.1% to $0.9660 in pre-market trading after the company priced $30 million public offering of 35,294,118 common stock at $0.85/share.

Now Read This:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

Posted In: ADD APPS ASPN BMBL BROS CDLX COEP FLNC FROG FSLY GNLN KNW LUXH OM PGEN SEZL STAF VIRX WENA XPON