Beyond Meat, Inc.’s triumphant rise in pre-market trading is turning heads today, propelled by an impressive fourth-quarter sales report that surpassed expectations.

Despite a 7.8% year-over-year dip, Beyond Meat’s fourth-quarter revenue stood at $73.7 million, outshining the consensus estimates of $66.66 million. The plant-based meat giant posted a loss of $2.40 per share for the quarter, compared to $1.05 per share in the previous year.

Looking ahead, Beyond Meat foresees full-year 2024 revenues to fall between $315 million and $345 million, inspiring confidence among investors.

The fervor surrounding Beyond Meat lifted its shares by a remarkable 56%, catapulting them to $11.73 in pre-market trading, setting the tone for a potentially lucrative day.

Joining the rally are several other notable stocks making waves in today’s pre-market trading session.

Noteworthy Gainers

• Nauticus Robotics, Inc. with the ticker KITT surged by 80% to $0.55.
• Bit Brother Limited tickered as BETS jumped 68.7% to $4.20.
• Avalon GloboCare Corp. represented by ALBT rose by a remarkable 33.4% to $0.4950, following an 8% decline on Tuesday.
• Flywire Corporation known as FLYW climbed 21.4% to $29.76 after impressive fourth-quarter financial results.
• Connexa Sports Technologies Inc. spotted as CNXA shot up 21.3% to $0.2851 in pre-market trading.
• KORE Group Holdings, Inc. marked as KORE experienced an 18.8% rise to $1.01 prior to market open.
• Genetic Technologies Limited identified as GENE surged by 18.6% to $2.30 in pre-market trading.
• Ventyx Biosciences, Inc. with the ticker VTYX witnessed a 15% jump to $6.96 after a strong fourth-quarter performance.
• ACM Research, Inc. traded as ACMR rose by 13.6% to $24.75 following an impressive fourth-quarter FY23 report.

Stocks Under Pressure

• Oragenics, Inc. with ticker OGEN plummeted by 43.3% to $1.39 following a public offering of 1.4 million common shares at $1.50 per share.
• Integral Ad Science Holding Corp. identified as IAS tumbled 26.1% to $12.63 post its fourth-quarter financial report.
• Vicarious Surgical Inc. tickered as RBOT dropped by 21.7% to $0.4230 following a 57% hike on Tuesday.
• 3D Systems Corporation known as DDD fell by 17.2% to $4.33 after disappointing fourth-quarter financial results.
• Vertex Energy, Inc. with ticker VTNR declined by 16.7% to $1.40 after reporting a fourth-quarter loss.
• Eventbrite, Inc. referred to as EB witnessed a 15.8% drop to $7.00 post-mixed fourth-quarter financial results.
• Lemonade, Inc. known as LMND experienced a 15.1% fall to $18.45 after its fourth-quarter financial report.
• Solarmax Technology Inc. marked as SMXT saw a 12.5% decline to $7.00 following an initial public offering announcement and Nasdaq listing.
• Recursion Pharmaceuticals, Inc. known as RXRX fell by 10.7% to $13.86 post its fourth-quarter financial results.
• Urban Outfitters, Inc. traded as URBN slumped by 9.8% to $42.55 following its fourth-quarter financial results.

Now Dive Deeper: Salesforce, TJX And 3 Stocks to Keep Tabs on Heading Into Wednesday