Examining Cutera’s Stock Decline
Shares of Cutera, Inc. (NASDAQ: CUTR) plunged during Friday’s session following weaker-than-expected fourth-quarter adjusted EPS figures.
The company reported an adjusted loss of $1.36 per share, missing market estimates of a 94 cents per share loss. Cutera’s quarterly sales totaled $49.540 million, slightly exceeding the $47.500 million expectation.
As a result, Cutera’s shares tumbled by 26.5% to $1.6899 on Friday.
Winners
- Murano Global Investments PLC (NASDAQ: MRNO) witnessed a massive 147.5% surge to $23.94, bouncing back from a 46% decline on Thursday.
- Nova LifeStyle, Inc. (NASDAQ: NVFY) soared 120% to $4.0301, building on a 22% gain from the previous day.
- BIOLASE, Inc. (NASDAQ: BIOL) saw a 50.4% climb to $0.2256 after reporting robust fourth-quarter earnings.
- IMAC Holdings, Inc. (NASDAQ: BACK) rose 41.1% to $1.8204.
- Summit Midstream Partners, LP (NYSE: SMLP) surged 36.1% to $26.45 following the announcement of a $625 million sale of its Utica position.
- Outlook Therapeutics, Inc. (NASDAQ: OTLK) gained 32.1% to $9.30 after receiving a positive European Union CHMP opinion for ONS-5010.
- GT Biopharma, Inc. (NASDAQ: GTBP) increased by 27.6% to $4.86.
- Aemetis, Inc. (NASDAQ: AMTX) jumped 21% to $6.21, propelled by recent project approvals by the U.S. Citizenship and Immigration Services.
- Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) climbed 20.4% to $1.1796 after successful technology validations in Japan.
- Intellicheck, Inc. (NASDAQ: IDN) rose 19.4% to $2.09 on improved fourth-quarter EPS results.
- Worthington Steel, Inc. (NYSE: WS) advanced 18.8% to $37.92 due to stronger-than-expected third-quarter results.
- Canopy Growth Corporation (NASDAQ: CGC) surged 18.6% to $5.41.
- Annexon, Inc. (NASDAQ: ANNX) climbed 17.3% to $7.14.
- Ocugen, Inc. (NASDAQ: OCGN) gained 12.5% to $1.5090, further fueled by a recent executive appointment.
- Lithium Americas (Argentina) Corp. (NYSE: LAAC) rose 12.2% to $5.77.
Losers
- BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) plummeted 36.4% to $2.32 due to a reverse stock split.
- Sintx Technologies, Inc. (NASDAQ: SINT) declined 30.4% to $0.0946 following a proposed public stock offering.
- Ispire Technology Inc. (NASDAQ: ISPR) dropped 28% to $5.84 post-pricing of a public stock offering.
- Brand Engagement Network, Inc. (NASDAQ: BNAI) fell 27.2% to $8.00.
- Nkarta, Inc. (NASDAQ: NKTX) decreased by 22.2% to $10.10 after reporting fourth-quarter results and a subsequent rating downgrade.
Market Meltdown: Stock Plunge Epidemic
Yield10 Bioscience: Biotech Regulatory Services Decision Reverberates
- Inc. fell 22.7% to $0.3358. Yield10 Bioscience announced USDA-APHIS Biotechnology Regulatory Services approval for Camelina sativa varieties planting and breeding in the US.
ReTo Eco-Solutions, Inc. – A 20% Freefall
- ReTo Eco-Solutions, Inc. declined 20% to $1.50.
Aterian, Inc.: Lost in the Abyss
- Aterian, Inc. fell 18.3% to $2.66.
Lixiang Education Holding Co., Ltd.: Lessons in Loss
- Lixiang Education Holding Co., Ltd. dipped 18% to $0.6026.
Lululemon Athletica Inc.: Forecast Fiasco
- Lululemon Athletica Inc. tumbled 16.6% to $399.36 after issuing a weak forecast despite beating expectations in Q4.
TROOPS, Inc.: Battling the Bear Market
- TROOPS, Inc. declined 16.3% to $1.3798.
Li-Cycle Holdings Corp.: Recycling Losses
- Li-Cycle Holdings Corp. dipped 14% to $1.1096.
Cazoo Group Ltd: Falling Fortunes
- Cazoo Group Ltd fell 13.8% to $4.0480.
Selina Hospitality PLC: A Sudden Plunge
- Selina Hospitality PLC fell 12.9% to $0.2439 after a rollercoaster 30% jump just a day before.
Grifols, S.A.: A Slippery Slope
- Grifols, S.A. fell 11.3% to $6.01.
Abits Group Inc.: Struggling to Stay Afloat
- Abits Group Inc. dipped 9.9% to $0.6991 following a 6% decline the day before.
Bitdeer Technologies Group: Technological Turbulence
- Bitdeer Technologies Group fell 9.8% to $7.17.
Kingsoft Cloud Holdings Limited: Cloudy Future
- Kingsoft Cloud Holdings Limited fell 9.2% to $3.2950.
Next.e.GO N.V.: A Series of Drops
- Next.e.GO N.V. shares fell 9% to $0.0458 after a 16% drop the day before.
NIKE, Inc.: Downward Trend
- NIKE, Inc. shares tumbled 8.1% to $92.63 despite reporting impressive earnings and sales in Q3.
JOANN Inc.: Rollercoaster Ride
- JOANN Inc. shares fell 7.8% to $0.1420 after a 14% surge the day before.
AAR Corp.: Sales Slump
- AAR Corp. fell 5.9% to $60.14 following disappointing sales data.
