AXT, Inc. Shares Surge Following Strong Q4 Earnings; A Brief Look at Premarket Movers

In today's early trading hours, shares of AXT, Inc. AXTI experienced a significant upswing, soaring around 36% after the company disclosed fourth-quarter earnings that surpassed analyst estimates. AXT reported a GAAP loss of 9 cents per share while the market had braced for a 15-cent loss per share, signaling a favorable outcome for the semiconductor substrate manufacturer based in Fremont, California.

Overview of Premarket Stock Activity

Amidst the premarket session, numerous stocks registered noteworthy movements aside from AXTI. La Rosa Holdings Corp. LRHC, headquartered in Celebration, Florida, saw premarket action alongside Applied Optoelectronics, Inc. AAOI, a fiber optic networking product provider from Sugar Land, Texas. In addition, other notable stocks showing premarket volatility included Dallas-based Beneficient BENF, Indie Semiconductor INDI from Aliso Viejo, California, ModivCare Inc. MODV operating out of Denver, Colorado, and Charge Enterprises Inc. CRGE from New York, which is building infrastructure for electric vehicle charging and telecommunications.

Furthermore, Translate Bio TBIO in Lexington, Ocean Biomedical OCEA, Smith Micro Software SMSI in Pittsburgh, Ascent Solar Technologies ASTI from Thornton, and Tempe's own Carvana Co. CVNA were also among the stocks on the move. Additionally, Ardelyx, Inc. ARDX of Fremont, Energy Focus, Inc. EFOI located in Solon, Ohio, San Diego's Maravai LifeSciences Holdings MRVI, and the travel tech giant Booking Holdings Inc. BKNG joined the list of active stocks in the premarket trading session, along with San Francisco-based Square, Inc. SQ.

AXT, premarket, earnings