TipRanks has compiled a list of Thursday’s biggest pre-market stock movements.
Mixed market sentiment on earnings releases and other variables dominated the stock market on Thursday.
Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top five pre-market stock movers, as detailed below.
Biggest Movers
Amplitude, Inc. (AMPL), a pioneer in digital optimization, was the biggest laggard in pre-market trading, as the stock plummeted around 43.4% at the time of writing. The negative sentiment followed the company’s disappointing revenue guidance despite upbeat fourth-quarter 2021 results. For Q1 2022, revenue is expected in the range of $50 million to $51 million versus the consensus estimate of $51.3 million, while for 2022, the company forecasts revenue between $226 million and $234 million versus Street’s expectations of $235.9 million.
Another loser, Fastly, Inc. (FSLY), tanked 29.8% in pre-market trading at the time of writing. Though the cloud computing services provider reported a smaller-than-expected loss in the fourth quarter of 2021 and upbeat revenues, it provided disappointing guidance. The company forecasts a Q1 2022 loss of $0.15-$0.13 per share versus the consensus loss estimate of $0.13 per share, while revenue is expected between $97 million and $100 million, compared to the consensus estimate of $97.98 million. For 2022, the loss is expected in the range of $0.60 and $0.50 per share, above analysts’ loss expectations of $0.48 per share. The company foresees revenue in the range of $400 million to $410 million versus the consensus estimate of $418.98 million.
Meanwhile, California-based DoorDash, Inc. (DASH) popped 25.4% in pre-market trading, at last watch. Though the operator of an online food ordering and food delivery platform posted a wider-than-expected fourth-quarter 2021 loss, revenues beat expectations. Also, quarterly gross-order value increased to $11.16 billion, topping the consensus estimate of $10.64 billion, on the back of 369 million orders, which exceeded expectations of 361 million orders.
Life science technology company 10x Genomics, Inc. (TXG) slumped in pre-market trading, recording losses of 22.3% at the time of writing. The negative sentiment followed the larger-than-expected loss recorded in the fourth quarter of 2021, along with disappointing revenues and guidance. For 2022, revenue is expected between $600 million and $630 million, falling short of the consensus estimate of $679 million.
Global-e Online Ltd. (GLBE) rounded off the list. It rose 16% in pre-market trading, at last check. The company posted in-line fourth-quarter 2021 earnings and upbeat revenues. The e-commerce solutions provider has also given above expectations guidance for 2022. For 2022, revenue is expected between $411 million and $421 million, compared to the consensus estimate of $367 million.
Continue to watch this space. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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