Ebullient Optimism: VirTra Leads The Charge As Stocks Surge in Pre-Market Trading

Shares of VirTra, Inc. VTSI surged in pre-market trading following a robust fourth-quarter earnings report.

VirTra exceeded market expectations with GAAP earnings of 25 cents per share, surpassing estimates of 17 cents per share. The company’s quarterly sales totaled $10.100 million, outpacing the projected $9.373 million.

VirTra shares soared by 20% to $11.45 in pre-market trading.

Here is a snapshot of other stocks experiencing movement in pre-market trading.

Frontrunners

• XTI Aerospace, Inc. XTIA shot up by 121.9% to $4.57 in pre-market trading, building on a 19% gain from the previous day.
• Kidpik Corp. PIK surged 70.8% to $7.43 in pre-market trading following the announcement of a definitive merger agreement between Kidpik and Nina Footwear.
• MSP Recovery, Inc. LIFW saw a 49.9% increase to $0.9999 in pre-market trading after Palantir Technologies disclosed a 6.5% stake in the company.
• Serina Therapeutics, Inc. ZPTA witnessed a 23.5% rise to $7.04 in pre-market trading, recovering from a 62% drop the previous day.
• Trio Petroleum Corp. TPET climbed by 19.3% to $0.1232 in pre-market trading, following a 21% leap on the prior trading day.
• TRACON Pharmaceuticals, Inc. TCON rose by 16.6% to $0.4799 in pre-market trading, rebounding from a 4% decline on the previous day.
• Digital Health Acquisition Corp. DHAC surged 15.8% to $14.25 in pre-market trading following a 5% gain on the prior day.
• HWH International Inc. HWH climbed by 11.1% to $1.05 in pre-market trading, recovering from a 5% dip on the previous trading day.
• SolarMax Technology, Inc. SMXT showed a 9.1% gain to $11.95 in pre-market trading, after a 20% surge the day before.

Underachievers

• Acorda Therapeutics, Inc. ACOR tumbled by 58.7% to $5.50 in pre-market trading, citing the cancellation of its fourth-quarter earnings conference call and a joint asset purchase agreement with Merz.
• Gritstone bio, Inc. GRTS witnessed a 32.5% decline to $1.58 in pre-market trading due to a $32.5 million underwritten public offering.
• Canoo Inc. GOEV plummeted by 24.5% to $2.92 in pre-market trading after embarking on a commercial vehicle sales venture in Saudi Arabia.
• Microvast Holdings, Inc. MVST fell by 24% to $0.6799 in pre-market trading following the release of fourth-quarter financial results.
• PVH Corp. PVH slumped by 23.4% to $107.00 in pre-market trading after announcing fourth-quarter financial results and guidance.
• Aclarion, Inc. ACON shares tumbled by 21% to $0.3241 in pre-market trading despite a 24% increase the previous day. Aclarion received a Notice of Allowance for its U.S. patent application related to Magnetic Resonance Spectroscopy.
• Pioneer Power Solutions, Inc. PPSI dropped by 20.2% to $4.74 in pre-market trading following the release of unaudited preliminary financial results for the fourth quarter and 12 months ending Dec. 31, 2023.
• Avalo Therapeutics, Inc. AVTX fell by 18.1% to $14.66 in pre-market trading after reporting weaker-than-expected FY23 EPS results.
• IM Cannabis Corp. IMCC declined by 16.4% to $0.6207 in pre-market trading following a 40% increase on the previous day.
• GCT Semiconductor Holding, Inc. GCTS shares fell by 12.6% to $15.82 in pre-market trading after a significant decline the day prior. The company also appointed Nelson C. Chan to its Board of Directors.

Now Read This: Dave & Buster’s Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts