Why Peraso Shares Are Trading Lower By Over 23%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Shares of Peraso Inc. PRSO fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter EPS results.

Peraso posted a quarterly loss of $8.52 per share, versus analysts’ estimates for a loss of $3.76 per share. The company’s quarterly sales came in at $1.83 million versus expectations of $1.70 million.

Peraso shares tumbled 23.3% to $1.32 on Tuesday.

Here are some other stocks moving in today's mid-day session.

Gainers

• Ontrak, Inc. OTRK shares climbed 197.8% to $0.5660 ahead of the company's presentation at the 36th Annual Roth Conference.
• Fusion Pharmaceuticals Inc. FUSN gained 97.3% to $20.99 after the company announced agreed to be acquired by AstraZeneca. Also, Leerink Partners downgraded the stock from Outperform to Market Perform but raised its price target from $17 to $21.
• SCWorx Corp. WORX gained 74% to $3.22.
• Spire Global, Inc. SPIR climbed 50.7% to $18.50 after announcing a collaboration with NVIDIA to advance AI-driven weather prediction.
• Enveric Biosciences, Inc ENVB shares climbed 43.6% to $1.5801 after the company announced that it signed two non-binding term sheets with an undisclosed biotechnology company to pursue the out-licensing of cannabinoid-COX-2 conjugate compounds for pharmaceutical and non-pharmaceutical applications for the treatment of joint diseases.
• Zoomcar Holdings, Inc. ZCAR rose 33.1% to $1.57 after the company announced that it partnered with EaseMyTrip to integrate its cars within the travel platform.
• Hoth Therapeutics, Inc. HOTH surged 32% to $1.51 after the company announced pre-clinical research showcasing the potential of HT-ALZ in Alzheimer's disease.
• Enliven Therapeutics, Inc. ELVN gained 27.2% to $16.09. The company announced a $90 million private placement financing and provided pipeline updates.
• National CineMedia, Inc. NCMI gained 25.5% to $5.30 after the company posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program. The company said it sees first-quarter total revenue of $34.5 million to $35.5 million.
• Alignment Healthcare, Inc. ALHC gained 17.7% to $5.50.
• Crinetics Pharmaceuticals, Inc. CRNX rose 15% to $43.63 after the company's Phase 3 PATHFNDR-2 trial of paltusotine in acromegaly achieved the primary and all secondary endpoints.
• Li-Cycle Holdings Corp. LICY climbed 14% to $1.2540 after the company announced progress in improving its current liquidity position and it is conducting an internal technical review of the Rochester Hub.
• Verb Technology Company, Inc. VERB gained 12.5% to $0.4055 after falling over 18% on Monday. The company on Friday announced its Market.live launched Facebook and Instagram social shopping technology integration.
• Monopar Therapeutics Inc. MNPR climbed 12% to $0.75.
• Nordstrom, Inc. JWN gained 11.9% to $19.10 following a report suggesting the company's founding family is working with Morgan Stanley and Centerview Partners in an attempt to potentially go private.
• Alpine Immune Sciences, Inc. ALPN gained 10.3% to $39.13 following fourth-quarter earnings.
• Nocturne Acquisition Corporation MBTC rose 10% to $11.00.
• DocGo Inc. DCGO gained 10% to $4.0550. DocGo announced repurchases of common stock and adoption of 10b5-1 trading plan for share repurchase program.
• Augmedix, Inc. AUGX gained 9.3% to $3.6399 following upbeat fourth-quarter results.
• International Paper Company IP climbed 7% to $37.38. International Paper said it has elected Andrew Silvernail as Chief Executive Officer, following an extensive evaluation process.

Losers

• Greenwave Technology Solutions, Inc. GWAV shares fell 56.2% to $0.1634. The company announced it has restructured its senior secured debt.
• Seelos Therapeutics, Inc. SEEL fell 46.6% to $0.4901 after the company announced that its ALS study with SLS-005 did not meet statistical significance in the primary and secondary endpoint in the Full Analysis Set.
• Comtech Telecommunications Corp. CMTL dipped 26.7% to $3.37 following weak quarterly results.
• Solowin Holdings SWIN declined 24.7% to $5.80. The company reported H1 2024 financial results.
• NuScale Power Corporation SMR fell 23.8% to $7.69 after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $7.50 to $4.50.
• Acutus Medical, Inc. AFIB fell 21.6% to $0.2055 after surging 34% on Monday. Acutus Medical was granted European patent number EP3294412 titled "Localization System And Method Useful In The Acquisition and Analysis of Cardiac Information (For Diagnosis And Treatment Of Cardiac Abnormalities)."
• Zepp Health Corporation ZEPP declined 17.2% to $1.01 following quarterly results.
• HUYA Inc. HUYA fell 15.5% to $3.9887 after it reported fourth-quarter FY23 revenue of $215.5 million, beating the consensus of $210.04 million.
• Chijet Motor Company, Inc. CJET shares fell 15.4% to $0.49 after gaining 18% on Monday.
• MicroStrategy Incorporated MSTR shares tumbled 14.8% to $1,279.85 amid a pullback in Bitcoin. MicroStrategy shares dipped over 15% on Monday after the company recently announced pricing of its offering of convertible senior notes.
• DLocal Limited DLO shares tumbled 14.3% to $15.54 after the company reported mixed fourth-quarter financial results, issued guidance and announced a new CFO.
• ACM Research, Inc. ACMR fell 13.5% to $24.76.
• ShiftPixy, Inc. PIXY fell 13.3% to $5.89 after gaining 100% on Monday.
• CleanSpark, Inc. CLSK dipped 12.7% to $15.23 amid a pullback in Bitcoin.
• JOANN Inc. JOAN fell 12.7% to $0.1597 after dipping 20% on Monday. JOANN announced that it entered into an agreement to reduce its debt and receive $132 million in new capital and related financial accommodations.
• Super Micro Computer, Inc. SMCI dipped 12.2% to $878.99 after the company announced the launch of a proposed public offering of 2,000,000 shares of its common stock.
• JOYY Inc. YY fell 11.6% to $29.50. JOYY posted upbeat earnings for its fourth quarter. The company said it sees first-quarter net revenues of $543 million to $560 million versus market estimates of $579.45 million.
• Direct Digital Holdings, Inc. DRCT fell 11.4% to $25.58.
• GigaCloud Technology Inc. GCT fell 11.3% to $30.33.
• StoneCo Ltd. STNE shares fell 9.4% to $15.82 after the company reported fourth-quarter financial results.
• Marathon Digital Holdings, Inc. MARA fell 8.7% to $17.70 amid a pullback in Bitcoin.
• Coinbase Global, Inc. COIN shares fell 8.1% to $220.14 amid weakness in Bitcoin prices.
• Portage Biotech Inc. PRTG shares fell 7.8% to $0.53 after gaining around 5% on Monday.
• Beyond Meat, Inc. BYND shares declined 7.3% to $7.70 after the company filed for a mixed securities shelf offering.
• SoundHound AI, Inc. SOUN fell 5.8% to $7.76. The company launched an innovative in-vehicle voice assistant today.
• Bitdeer Technologies Group BTDR shares dipped 5.6% to $6.99. Bitdeer Technologies Group filed for mixed shelf of up to $750 million.

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