HomeMarket NewsMicro Cap StocksRising Like a Phoenix: Paymentus Holdings Surges 18% After Stellar Q4 Performance

Rising Like a Phoenix: Paymentus Holdings Surges 18% After Stellar Q4 Performance

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Shares of Paymentus Holdings, Inc. PAY soared in the pre-market amid news of its exceptional fourth-quarter financial performance.

Paymentus reported quarterly earnings of 11 cents per share, surpassing the analyst consensus of 7 cents per share. Pleased investors further with quarterly sales reaching $164.8 million, exceeding the estimated $157.416 million.

This remarkable show by Paymentus Holdings propelled its shares by 18.3% to a promising figure of $19.34 in pre-market trading.

Several other stocks were making waves in the pre-market trading session as well.

Positive Trends

  • Zhongchao Inc. ZCMD surged by 79.8% to $5.70 before the market opened, following news of a 1-for-10 share consolidation from the company.
  • Momentus Inc. MNTS gained 46.2% to $1.14 during pre-market hours after securing a coveted contract from NASA.
  • Phunware, Inc. PHUN saw a rise of 30.2% to $16.16 in pre-market trading. Phunware experienced a surge as Trump-related stocks fluctuated due to recent political events, buoyed by a Supreme Court ruling and electoral victories for Donald Trump.

Facing Challenges

  • Quoin Pharmaceuticals, Ltd. QNRX nosedived by 28.3% to $2.08 in pre-market trading. The sharp decline followed a slight uptick after the FDA greenlit enrollment of teenage subjects in Quoin Pharmaceuticals’ Netherton Syndrome clinical studies.
  • GitLab Inc. GTLB plummeted by 22.4% to $57.80 post the company’s issuance of a disappointing FY25 earnings forecast.
  • Ekso Bionics Holdings, Inc. EKSO dipped 17.6% to $1.73 in pre-market trading after releasing mixed Q4 financial results.

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Now Read This: Stitch Fix, Target And 3 Stocks To Watch Heading Into Tuesday


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