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Revved Up: TransMedics Group Soars in Pre-Market Trading After Stellar Earnings Report

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Shares of TransMedics Group, Inc. TMDX surged in today’s pre-market trading following robust fourth-quarter financial results and bullish guidance.


In a dazzling display, the company posted quarterly earnings of 12 cents per share, surpassing analysts’ forecasts of a loss of 3 cents per share. Sales for the quarter came in at $81.17 million, racing past expectations of $68.51 million.


TransMedics Group shares revved up by 23.5% to reach $96.00 in pre-market trading.


In the fast lane of the pre-market, here are several other stocks making significant moves:


Accelerators


  • Janux Therapeutics, Inc. JANX surged 85.5% to $28.01 in pre-market trading after unveiling updated clinical data for its clinical programs.
  • PubMatic, Inc. PUBM shares climbed 35.7% to $22.49 in pre-market trading post stellar fourth-quarter financial results and bullish guidance.
  • Galera Therapeutics, Inc. GRTX shares surged 37% to $0.2630 in pre-market trading after 10% owner Yair Schneid snapped up 932,402 shares at an average price of $0.18.
  • Infobird Co., Ltd IFBD shares rocketed 36.2% to $3.76 in pre-market trading following a 27% dip on Monday and an announcement of a delay in the effective date of the reverse split to March 4, 2024.
  • Surf Air Mobility Inc. SRFM shares leaped 31.1% to $1.39 in pre-market trading, spurred by a 13G filing showing Palantir Technologies Inc. boasting a 7.1% stake as of Feb. 15, 2024.
  • Advent Technologies Holdings, Inc. ADN soared 24.8% to $0.2810 in pre-market trading, following a 38% jump on Monday.
  • ZyVersa Therapeutics, Inc. ZVSA climbed 22.2% to $1.32 in pre-market trading, after a robust 35% surge on Monday.
  • Earlyworks Co., Ltd ELWS saw a 21.4% rise to $0.7150 in pre-market trading, following a 4% gain on Monday.
  • Hims & Hers Health, Inc. HIMS climbed 20% to $12.30 in pre-market trading, buoyed by robust fourth-quarter financial results and bullish guidance.


Decelerators


  • The Aaron’s Company, Inc. AAN shares slipped 27% to $7.64 after posting a loss for the fourth quarter, missing sales estimates.
  • NRx Pharmaceuticals, Inc. NRXP slid 25.2% to $0.32 in pre-market trading following the announcement of a proposed underwritten public offering of common stock.
  • Intuitive Machines, Inc. LUNR dipped 19.8% to $5.03 in pre-market trading after reports that communication with moon lander Odysseus is expected to cease, ending the mission 5 days post touchdown.
  • Unity Software Inc. U dropped 17.7% to $27.18 in pre-market trading post reporting mixed financial results for the fourth quarter and projecting first-quarter strategic portfolio revenue in the range of $415 million to $420 million.
  • BioSig Technologies, Inc. BSGM shares retreated 16.5% to $0.40 in pre-market trading after surging over 51% on Monday.
  • CarGurus, Inc. CARG shares fell 14.3% to $20.47 in pre-market trading following the company’s fourth-quarter financial report.
  • Gaxos.ai Inc. GXAI dropped 14.3% to $0.5609 in pre-market trading after a 25% jump on Monday.
  • Telesis Bio, Inc. TBIO saw a 12% decline to $0.5811 in pre-market trading following a 15% tumble on Monday, projecting preliminary 2023 total consolidated revenue of $27.5 million.
  • Pineapple Energy Inc. PEGY shares dropped 11.4% to $0.0720 in pre-market trading, post pricing a $1 million registered direct offering of common stock on Feb. 5.
  • Nyxoah S.A. NYXH fell 10.7% to $13.73 in pre-market trading, awaiting the release of financial results for the fourth quarter on March 5, 2024.


 


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