Dernières nouvelles pour Calavo Growers (NASDAQ:CVGW) Stock

Calavo Growers

Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. The company distributes its products both domestically and internationally and reports its operations in two different business segments: Grown and Prepared. The Grown segment consists of fresh avocados, tomatoes, and papayas. The Prepared segment comprises all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa sold at retail and food service as well as avocado pulp sold to food service.

Calavo Growers Inc

Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) released its Q4 earnings on Tuesday, January 14, 2025 at 04:44 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Calavo Growers missed estimated earnings by -83.0%, reporting an EPS of $0.05 versus an estimate of $0.3.
Revenue was down $71.22 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
In the previous quarter, the company beat on EPS by $0.14, resulting in a 11.0% increase change in the share price the following day.
Here's a look at Calavo Growers's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.43</td>
<td>0.38</td>
<td>0.17</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.57</td>
<td>0.50</td>
<td>-0.01</td>
<td>-0.33</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>178.54M</td>
<td>155.89M</td>
<td>252.67M</td>
<td>263.40M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>179.60M</td>
<td>184.38M</td>
<td>127.61M</td>
<td>241.18M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Calavo Growers <a href="https://www.benzinga.com/quote/CVGW/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

CVGW

Earnings Summary: Calavo Growers Q4

"Supported by a focus on cost discipline and efficiencies in SG&amp;A expenses, these factors position us for a strong year of revenue growth, profitability, and enhanced shareholder returns in 2025," company said.

News

Guidance

Calavo Growers Says Entering FY25 With Strong Momentum; Expects Double-Digit Growth Anticipated In Avocado And Guacamole Sales Volumes, As Well As Overall Revenue

Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.30 by 83.33 percent. The company reported quarterly sales of $169.96 million which beat the analyst consensus estimate of $161.93 million by 4.96 percent.

Earnings Beats

Earnings Misses

Calavo Growers Q4 2024 Adj EPS $0.05 Misses $0.30 Estimate, Sales $169.96M Beat $161.93M Estimate

U.S. stock futures advanced on Tuesday following Monday&#8217;s mixed close. Futures of all four major indices rose in premarket trade. Technology stocks dragged the Nasdaq down on Monday, whereas Dow Jones which has the least number of tech constituents rose in trade.
Members of President-elect Donald Trump&#8216;s incoming economic team are considering a gradual increase in tariffs over several months, <a href="https://www.bloomberg.com/news/articles/2025-01-13/trump-team-studies-gradual-tariff-hikes-under-emergency-powers">reported </a>Bloomberg. This approach is designed to enhance negotiating leverage while minimizing the risk of a sudden rise in inflation.
Traders now await the consumer price inflation data this week on Wednesday, which will further clear the case for the Fed to pause the rate cuts.
The 10-year and two-year Treasury notes yielded 4.77% and 4.38%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 97.3%, according to CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.71%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.54%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.38%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.67%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.54% to $584.53&nbsp;and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.73% to $509.23, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Wall Street experienced mixed trading on Monday. The Dow Jones comprised of 30 major companies, saw a substantial increase, driven by a shift of investment towards sectors outside of technology. In contrast, the Nasdaq, heavily weighted towards technology companies, experienced a slight dip. The broader S&amp;P 500 index saw a modest increase.
This market activity follows a period of two weeks of declining stock prices, primarily attributed to a sell-off in technology stocks. However, the Russell 2000 index, which tracks smaller-company stocks, showed a slight increase.
While technology stocks faced headwinds, the energy sector outperformed the market, fueled by rising oil prices. The healthcare and materials sectors also witnessed gains.
Dow rose 358.67 points, or 0.86%, to close at 42,297.12. Nasdaq dropped 0.38% to 19,088.10. The S&amp;P 500 inched up 0.16%, ending at 5,836.22. Russell 2000, on the other hand, rose 0.24% to 2,194.50 points.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.38%</td>
<td>19,088.10</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.16%</td>
<td>5,836.22</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.86%</td>
<td>42,297.12</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.24%</td>
<td>2,194.50</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Despite Monday&#8217;s fall in technology stocks, Jeremy Siegel, the senior economist to WisdomTree said that growth stocks, particularly in the tech sector, remain dominant. &#8220;The AI-driven investment narrative continues to support these high-growth names, with no signs yet of a definitive shift toward value,&#8221; he added.
He described the markets as &#8220;overly optimistic&#8221; as the S&amp;P 500, trades at 23x forward earnings. According to Siegel, the consensus earnings growth of 16% for 2025 is likely too high and an 8–9% increase is more realistic. &#8220;Consequently, the market could see a correction as valuations adjust to higher rates and moderated growth expectations,&#8221; he said.
Analysts at BlackRock, on the other hand, said that they were &#8220;pro-risk&#8221; and overweight in U.S. stocks. However, they highlighted three areas that could change their view, which includes how U.S. tariffs and fiscal policy shape up.
They are also looking out for &#8220;corporate earnings and lofty tech valuations amid the artificial intelligence buildout&#8221; to see if this will sour the investor risk appetite. And lastly, the analysts said, &#8220;We look for elevated vulnerabilities, like surging bond yields as markets price out rate cuts and corporate debt refinancing at higher interest rates.&#8221;
CNBC&#8217;s Jim Cramer has offered <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42967410/jim-cramer-says-one-two-punch-from-government-and-meta-ceo-mark-zuckerberg-led-to-nasdaqs-monday-decline-may-have-been-too-much-for-everyone">insights </a>into the recent struggles of the Nasdaq Composite, which failed to rally despite gains in other major indices. Cramer attributed the Nasdaq's decline to a "one-two punch" from the U.S. government. Over the weekend, the Biden administration introduced new restrictions on semiconductor exports, which Cramer criticized as "short-sighted," on Monday. 
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
<ul>
<li>NFIB optimism index for December will be released at 6:00 a.m., ET.</li>
</ul>
<ul>
<li>December&#8217;s headline and core producer price index data will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Kansas City Fed President Jeffrey Schmid will be speaking at 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed will release its Beige Book at 2:00 p.m., ET.</li>
</ul>
<ul>
<li>New York Fed President Williams will deliver his opening remarks on the policy at 3:05 p.m., ET.</li>
</ul>
<ul>
<li>On Wednesday, the headline and core consumer price index for December and the Empire State manufacturing survey data for January will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Richmond Fed President Barkin will speak at 9:00 a.m., ET.</li>
</ul>
<ul>
<li>New York Fed President Williams will speak at 11:00 a.m., ET.</li>
</ul>
<ul>
<li>Chicago Fed President Goolsbee will speak at 12:00 p.m., ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims till Jan. 11 will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>December&#8217;s U.S. retail sales, import price index and Philadelphia Fed manufacturing survey will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Business inventories data for November and Home builder confidence index for January will be released at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>On Friday, housing starts and building permits data for December will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>The industrial production and capacity utilization for December will be announced at 9:15 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Calavo Growers Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) was 3.56% up in premarket as analysts expect it to report quarterly earnings at 30 cents per share on revenue of $161.93 million after the closing bell.</li>
</ul>
<ul>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) was up 8.82% after it posted better-than-expected fourth-quarter revenue of $2 billion, beating analyst estimates of $1.99 billion.</li>
</ul>
<ul>
<li>Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) was down 19.07% after it reported worse-than-expected financial results for the second quarter on Monday</li>
</ul>
<ul>
<li>Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) was up 5.34% as analysts expect it to post a quarterly loss at 15 cents per share on revenue of $63.4 million after the closing bell.</li>
</ul>
<ul>
<li>Nature&#8217;s Miracle Holding Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) was up 100% as it entered into a Securities Purchase Agreement with a single institutional investor to sell up to $29.7 million in the aggregate of a newly designated class of convertible preferred stock.</li>
</ul>
<ul>
<li>P3 Health Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIII#NASDAQ">PIII</a>) was up 33.04% after the news that it will participate in the 43rd Annual J.P. Morgan Healthcare Conference in San Francisco, California later today.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.72% to hover around $76.74 per barrel.
The gold spot index was down by 0.02% to $2,678.14 per ounce. The Dollar Index was down 0.34% at 109.587 level.
Asian markets closed higher on Tuesday as Hong Kong&#8217;s Hang Seng, India&#8217;s S&amp;P BSE Sensex, China&#8217;s CSI 300, Australia&#8217;s ASX 200, and South Korea&#8217;s Kospi index advanced. However, Japan&#8217;s Nikkei 225 index fell. European markets were also trading higher.
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Image Via Shutterstock

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US Stocks Poised To Gain A Day After Tech Stocks Dragged Nasdaq Down: Analyst Calls Markets 'Overly Optimistic' As S&P 500 Trades At 23x Forward Earnings

The CNN Money Fear and Greed index showed some improvement in overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, with the Dow Jones index surging more than 350 points during the session. However, the Nasdaq settled lower amid a decline in tech stocks.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares fell 3.4%, while Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) declined around 2% on Monday.
On the economic data front, U.S. consumer inflation expectations for the year ahead came in unchanged at 3% in December, the same as in the previous month.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, materials and healthcare stocks recording gains on Monday. However, utilities and information technology stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 359 points to 42,297.12 on Monday. The S&amp;P 500 rose 0.16% to 5,836.22, while the Nasdaq Composite fell 0.38% at 19,088.10 during Monday's session.
Investors are awaiting earnings results from Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>), Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) and Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) today.
Big banks including Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) will release earnings this week.
At a current reading of 26.7, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 26.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo via Shutterstock.

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Dow Surges Over 350 Points, Nasdaq Falls: Investor Sentiment Improves Slightly, But Greed Index Remains In 'Fear' Zone

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) to report quarterly earnings at 30 cents per share on revenue of $161.93 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Calavo Growers shares gained 1% to close at $23.57 on Monday.</li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) posted better-than-expected fourth-quarter financial results. KB Home reported fourth-quarter revenue of $2 billion, beating analyst estimates of $1.99 billion. The U.S. homebuilder reported fourth-quarter earnings of $2.52 per share, beating analyst estimates of $2.39 per share, according to Benzinga Pro. KB Home shares gained 8.8% to $69.71 in the pre-market trading session.</li>
<li>Analysts are expecting Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) to post quarterly earnings at 38 cents per share on revenue of $64.95 million. The company will release earnings after the markets close. Karooooo shares fell 0.9% to close at $47.79 on Monday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) reported worse-than-expected financial results for the second quarter on Monday. Aehr Test Systems shares dipped 21.8% to $12.50 in the pre-market trading session.</li>
<li>Analysts expect Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) to post a quarterly loss at 15 cents per share on revenue of $63.4 million after the closing bell. Applied Digital shares fell 6.3% to close at $7.77 on Monday.</li>
</ul>
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KB Home, Calavo Growers And 3 Stocks To Watch Heading Into Tuesday

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
• Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is projected to report earnings for its third quarter. 
• Valens Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) is projected to report earnings for its third quarter. 
• Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTC#NASDAQ">JCTC</a>) is projected to report earnings for its first quarter. 
• Karooooo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $67.26 million. 
• Rocky Mountain Chocolate (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>) is expected to report earnings for its third quarter. 
• Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $161.93 million. 
• Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) is expected to report quarterly loss at $0.12 per share on revenue of $62.62 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JCTC

RMCF

Earnings Scheduled For January 14, 2025

Management

Calavo Growers Announces James Snyder Will Become Co.'s New NFO Effective Dec. 2

WIIM

Calavo Growers shares are trading higher after the company reported better-than-expected Q3 financial results. Also, the company increased its dividend.

U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Tuesday.
Shares of Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) rose sharply during Tuesday's session as the company posted stronger-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40782532/calavo-growers-stock-climbs-after-q3-results-dividend-increase-details">results for its third quarter.</a>
Calavo Growers reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 43 cents by 32.56%.&nbsp; The company reported quarterly sales of $179.6 million which beat the analyst consensus estimate of $178.54 million.
The company increased its cash dividend by 10 cents per share to 20 cents per share to be paid on Oct. 30, 2024, to shareholders of record on Oct. 2, 2024
Calavo Growers shares jumped 12.5% to $26.76 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Mission Produce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) shares jumped 17.1% to $12.52 after the company reported better-than-expected third-quarter financial results.</li>
<li>Avid Bioservices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) shares jumped 15.8% to $10.37 following a narrower-than-expected quarterly loss.</li>
<li>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rose 12.5% to $157.33 following upbeat quarterly earnings.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) gained 12.3% to $16.77 after the company announced interim data from an ongoing Phase 1 trial of ORX750 in acutely sleep-deprived healthy volunteers.</li>
<li>Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) rose 12.1% to $156.48 after BTIG raised its price target on the stock from $150 to $165.</li>
<li>Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) gained 11.8% to $10.14. Terns announced a $125 million proposed public offering.</li>
<li>Viridian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) jumped 10.8% to $15.72 after the company reported topline data from the THRIVE phase 3 clinical trial of VRDN-001 in patients with active thyroid eye disease.</li>
<li>InMode Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>) gained 10.7% to $17.19 after announcing a share repurchase program of up to 7.68 million shares.</li>
<li>Kornit Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNT#NASDAQ">KRNT</a>) rose 8.8% to $19.83. Kornit Digital's board authorized a $100 million share repurchase program.</li>
<li>Highest Performances Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPH#NASDAQ">HPH</a>) jumped 8.4% to $1.55.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 5.5% to $19.92.</li>
<li>Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) gained 5.3% to $384.32.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 4% to $224.82, buoyed by positive tidings from China. Vehicle insurance registration data for Tesla vehicles came in at a robust 16,200 for the week ended Sept. 8, CnEVPost reported, citing data provided by Li Auto. This compares to the previous week's number of 14,400 units and marked the strongest increase since the 17,500 units reported for the third week of June..</li>
</ul>
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Calavo Growers Posts Better-Than-Expected Earnings, Joins Tesla, Oracle, Mission Produce And Other Big Stocks Moving Higher On Tuesday

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Academy Sports and Outdoors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) to report quarterly earnings at $2.03 per share on revenue of $1.57 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Academy Sports shares rose 0.3% to $52.80 in after-hours trading.</li>
<li>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) reported better-than-expected earnings and sales results for its first quarter on Monday. Oracle and Amazon.com, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS announced the launch of Oracle Database@AWS, a new offering that allows customers to access Oracle Autonomous Database on dedicated infrastructure and Oracle Exadata Database Service within AWS. Oracle shares jumped 8.9% to $152.30 in the after-hours trading session.</li>
<li>Analysts are expecting GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) to post a quarterly loss at $0.9 per share on revenue of $895.67 million. The company will release earnings after the markets close. GameStop shares rose 0.7% to $24.43 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) posted stronger-than-expected results for its third quarter on Monday. Calavo Growers shares climbed 7.6% to $25.82 in the after-hours trading session.</li>
<li>Analysts expect Dave &amp; Buster&#8217;s Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) to report quarterly earnings at $0.84 per share on revenue of $560.65 million after the closing bell. Dave &amp; Buster&#8217;s shares rose 0.8% to $30.35 in after-hours trading.</li>
</ul>
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</ul>

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GameStop, Oracle And 3 Stocks To Watch Heading Into Tuesday

Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) shares are climbing after the company reported its third-quarter financial results after Monday's closing bell. Here's a look at the<a href="https://www.benzinga.com/pressreleases/24/09/g40781383/calavo-growers-inc-announces-third-quarter-2024-financial-results-dividend-increase"> details from the report.&nbsp;</a>
The Details: Calavo Growers reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 43 cents by 32.56%.  The company reported quarterly sales of $179.6 million which beat the analyst consensus estimate of $178.54 million. 
Grown segment sales increased 13.3%, while Prepared segment sales decreased 2.4% and the average selling price of avocados in the Grown segment increased by 25% compared to the prior year.
Read Next: <a href="https://www.benzinga.com/news/24/09/40777175/whats-going-on-with-gamestop-stock-ahead-of-earnings">What&#8217;s Going On With GameStop Stock Ahead Of Earnings?</a>
&#8220;Our third quarter results reflect continued momentum in our flagship avocado business,&#8221; said Lee Cole, president and CEO of Calavo Growers, Inc.
&#8220;Despite temporary industry supply disruptions from Mexico during the quarter, we generated strong financial results due to our operational flexibility and our resilient team. Although our guacamole business experienced headwinds from higher fruit input costs compared to the third quarter last year, our volume increased 7% due to our focus on growing the business. I am also pleased to share that we will be launching some exciting, innovative guacamole products during the fourth quarter.&#8221;
The company increased its cash dividend by 10 cents per share to 20 cents per share to be paid on Oct. 30, 2024, to shareholders of record on Oct. 2, 2024
CVGW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Calavo Growers shares are up 8.29% after-hours at $25.99&nbsp;at the time of publication Monday.
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Photo: Courtesy of Calavo Growers, Inc.

After-Hours Center

Calavo Growers Stock Climbs After Q3 Results, Dividend Increase: Details

The&nbsp;cash dividend of $0.20&nbsp;per share to be paid on October 30, 2024, to shareholders of record on October 2, 2024.

Dividends

Calavo Growers Doubles Cash Dividend From $0.10 To $0.20 Per Share

Calavo Growers Plans To Launch Some New Guacamole Products During Q4

Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.43 by 32.56 percent. &nbsp;The company reported quarterly sales of $179.60 million which beat the analyst consensus estimate of $178.54 million by 0.59 percent.&nbsp;

Calavo Growers Q3 2024 Adj EPS $0.57 Beats $0.43 Estimate, Sales $179.60M Beat $178.54M Estimate

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 100 points on Tuesday.
The Dow traded down 0.39% to 38,718.00 while the NASDAQ rose 0.60% to 17,295.62. The S&amp;P 500 also rose, gaining, 0.10% to 5,366.07.
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Leading and Lagging Sectors Information technology shares climbed by 1.3% on Tuesday.
In trading on Tuesday, financials shares fell by 1.2%.
Top Headline
Shares of Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) rose more than 5% during Tuesday's session after the company reported second-quarter financial results.
Total net sales surged 16.5% year-over-year to $184.4 million during the quarter. Adjusted net income surged to $8.9 million, or 50 cents per diluted share, from $5.1 million, or 29 cents per diluted share for the year-ago quarter.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Trio Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPET#NYSE">TPET</a>) shares shot up 58% to $0.3643 after the company completed its first two exploratory wells.</li>
<li>Shares of CuriosityStream Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) got a boost, surging 24% to $1.22 as the company announced a share repurchase plan.</li>
<li>Airship AI Holdings, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) shares were also up, gaining 37% to $4.3099. Airship AI announced a six-figure sole-source contract award within the Department of Justice for Acropolis Enterprise Video and Data Management Platform.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Target Hospitality Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) shares dropped 32% to $7.12 after the company announced that it received notice that the U.S. government intends to terminate the existing South Texas Family Residential Center services agreement with its migrant programming partner.</li>
<li>Shares of Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) were down 30% to $0.0943. Barnes &amp; Noble Education announced leadership changes and reverse stock split.</li>
<li>CoreCivic, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) was down, falling 21% to $11.73 after the company announced that it received a termination notice from the U.S. Immigration and Customs Enforcement Agency (ICE).</li>
</ul>
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Commodities In commodity news, oil traded up 0.3% to $77.99 while gold traded up 0.2% at $2,330.70.
Silver traded down 1.9% to $29.305 on Tuesday, while copper fell 0.6% to $4.5145.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 fell 0.93%, Germany's DAX declined 0.68% and France's CAC 40 fell 1.33%. Spain's IBEX 35 Index fell 1.60%, while London's FTSE 100 fell 0.98%.
The number of people in work in the UK fell by 139 thousand during the three months to April, while average weekly earnings including bonuses rose 5.9% year-over-year to GBP 687 per week. The UK's unemployment rate increased to 4.4% from February to April, compared to the prior three-month period's 4.3% level.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei gaining 0.25%, Hong Kong's Hang Seng Index falling 1.04%, China's Shanghai Composite Index declining 0.76% and India's S&amp;P BSE Sensex gaining 0.2%.
Japan's machine tool orders gained by 4.2% year-over-year to JPY 124,554 million in May compared to an 11.6% decline in the prior month.
Economics
The NFIB Small Business Optimism Index climbed to 90.5 in May, notching the highest level in five months, compared to 89.7 in April and also topping market estimates of 89.8.
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Nasdaq Surges 100 Points; CoreCivic Shares Plummet

Shares of Contango Ore, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTGO#NYSE">CTGO</a>) fell sharply during Tuesday's session after the company announced pricing of $15 million <a href="https://www.benzinga.com/quote/CTGO/news">underwritten public offering</a>.
Contango Ore shares dipped 18.4% to $20.34 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Trio Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPET#NYSE">TPET</a>) shares jumped 88.2% to $0.4254 after the company completed its first two exploratory wells.</li>
<li>Airship AI Holdings, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) shares climbed 32.5% to $4.1599. Airship AI announced a six-figure sole-source contract award within the Department of Justice for Acropolis Enterprise Video and Data Management Platform.</li>
<li>Blue World Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWAQ#NASDAQ">BWAQ</a>) shares gained 30.3% to $9.20 after declining around 4% on Monday.</li>
<li>ShiftPixy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) climbed 29.8% to $1.8950.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) rose 26.5% to $0.1769 after gaining around 4% on Monday.</li>
<li>U-BX Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBXG#NASDAQ">UBXG</a>) jumped 24% to $11.88.</li>
<li>CuriosityStream Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) rose 24% to $1.24 as the company announced a share repurchase plan.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) gained 21.4% to $0.2802 after surging 49% on Monday.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) rose 19.7% to $0.5270.</li>
<li>Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) rose 14.1% to $28.50 after the company reported second-quarter financial results.</li>
<li>Moving iMage Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NASDAQ">MITQ</a>) shares rose 13.1% to $0.6645.</li>
<li>Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) rose 10% to $7.49 after the company authorized a share repurchase program of up to $150 million and entered into a $25 million accelerated share repurchase agreement with Jefferies.</li>
<li>Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) jumped 8.8% to $47.74. RBC Capital analyst Brian Abrahams maintained Corbus Pharmaceuticals with an Outperform and raised the price target from $77 to $82.</li>
<li>Lixiang Education Holding Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) gained 8.3% to $0.3670.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Big Tree Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) dipped 37.1% to $6.78.</li>
<li>Target Hospitality Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) shares fell 35.5% to $6.78 after the company announced that it received notice that the U.S. government intends to terminate the existing South Texas Family Residential Center services agreement with its migrant programming partner.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) dipped 32% to $1.98. Greemwabe Technology Solutions recently announced that its downstream processing system generated record revenues in May, 2024 and reaffirmed its confidence in exceeding its revenue guidance.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) declined 29.7% to $0.0941. Barnes &amp; Noble Education announced leadership changes and reverse stock split.</li>
<li>Sify Technologies Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) fell 25% to $0.44. Sify Technologies recently announced the voluntary delisting date of its ADS rights from Nasdaq.</li>
<li>CalAmp Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAMP#NASDAQ">CAMP</a>) dipped 23% to $0.5009.</li>
<li>CoreCivic, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) shares fell 19.7% to $11.88 after the company announced that it received a notice from the U.S. Immigration and Customs Enforcement that the agency intends to terminate its inter-governmental service agreement for services at the South Texas Family Residential Center.</li>
<li>Vicarious Surgical Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBOT#NYSE">RBOT</a>) declined 19.5% to $0.2878 after the company announced a reverse stock split.</li>
<li>Velo3D, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) fell 19% to $0.1151 after the company announced a 1-for-35 reverse stock split.</li>
<li>ProKidney Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) shares fell 16.1% to $2.5350 after the company announced a proposed $125 million public offering of class A ordinary shares and concurrent registered direct offering.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares fell 14.9% to $17.48 after gaining 5% on Monday.</li>
<li>MIND Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) dipped 13.6% to $4.8699 following weak quarterly sales.</li>
<li>Rapport Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPP#NASDAQ">RAPP</a>) fell 13.4% to $22.67.</li>
<li>Montana Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) fell 12.8% to $8.80.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) fell 8.6% to $9.00</li>
<li>Hoth Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOTH#NASDAQ">HOTH</a>) shares fell 7.8% to $0.9225. Hoth Therapeutics shares fell around 12% on Monday after the company announced a joint development agreement with Wise Systems International to utilize the BioNeMo AI platform of Nvidia.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) fell 6.9% to $13.02. Array Technologies announced the departure of Chief Financial Officer.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) fell 6.6% to $14.66 amid a pullback in Bitcoin.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) shares declined 6.3% to $4.7208 after the company reported worse-than-expected first-quarter financial results, issued weak second-quarter guidance and announced it will acquire Hearsay Systems.</li>
</ul>
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Why Contango Ore Shares Are Trading Lower By 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.
Shares of Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) rose sharply during Monday's session after the company authorized a share repurchase program of up to $150 million and entered into a $25 million accelerated share repurchase agreement with Jefferies.
Shoals Technologies Group shares climbed 10% to $7.49 on Tuesday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul>
<li>Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) shares jumped 14.1% to $28.50 after the company reported second-quarter financial results.</li>
<li>Olaplex Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>) jumped 8.9% to $1.8350.</li>
<li>Corbus Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) gained 8.8% to $47.74. RBC Capital analyst Brian Abrahams maintained Corbus Pharmaceuticals with an Outperform and raised the price target from $77 to $82.</li>
<li>Pharming Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) jumped 7.3% to $8.81.</li>
<li>Perion Network Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PERI#NASDAQ">PERI</a>) rose 7% to $9.21. Perion Network shares tumbled around 30% on Monday after the company cut its revenue outlook.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) jumped 6.4% to $9.02. AST SpaceMobile filed for resale of up to 10.45 million class A common shares by selling stockholder.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) gained 6.4% to $18.88.</li>
<li>Farmers &amp; Merchants Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMAO#NASDAQ">FMAO</a>) rose 5.7% to $23.99.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) gained 5.4% to $32.08 after Apple announced Affirm&#8217;s payment products are expected to be available to Apple Pay users in the US later this year.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 4.6% to $13.76. V.F. President and CEO Bracken Darrell bought a total of 75,200 shares at an average price of $13.26.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose 3.4% to $199.70. Apple revealed its plans to integrate Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Gemini AI model into its Apple Intelligence feature set. Apple also announced Affirm's payment products are expected to be available to Apple Pay users in the U.S. later this year.</li>
</ul>
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Shoals Technologies, Affirm Holdings, Apple And Other Big Stocks Moving Higher On Tuesday

Shares of Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/CVGW/earnings">second-quarter financial results</a>.
Total net sales surged 16.5% year-over-year to $184.4 million during the quarter. Adjusted net income surged to $8.9 million, or 50 cents per diluted share, from $5.1 million, or 29 cents per diluted share for the year-ago quarter.
Calavo Growers shares jumped 11.6% to $27.90 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>ShiftPixy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) rose 41.1% to $2.06 in today's pre-market trading.</li>
<li>Nauticus Robotics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares rose 27.2% to $0.2938 in pre-market trading after surging 49% on Monday.</li>
<li>Northann Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCL#NYSE">NCL</a>) gained 26.3% to $0.5197 in pre-market trading after climbing around 11% on Monday.</li>
<li>Blue World Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWAQ#NASDAQ">BWAQ</a>) shares gained 26.3% to $8.93 in pre-market trading after declining around 4% on Monday.</li>
<li>KWESST Micro Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KWE#NASDAQ">KWE</a>) gained 16.5% to $1.01 in pre-market trading. KWESST Micro Systems shares jumped 120% on Monday after the company was awarded a sub-contract worth up to C$48 million by Thales Canada for software development services.</li>
<li>Moving iMage Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NASDAQ">MITQ</a>) shares rose 15.6% to $0.68 in pre-market trading.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) gained 15.6% to $0.1148 in pre-market trading after gaining around 12% on Monday.</li>
<li>TROOPS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) shares climbed 13.7% to $1.74 in pre-market trading after declining 5% on Monday.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) rose 11.5% to $0.1560 in pre-market trading after gaining around 4% on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Target Hospitality Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) shares declined 30.3% to $7.32 in pre-market trading after the company issued an update on South Texas Family Residential Center located in Dilley Texas.</li>
<li>Hoth Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOTH#NASDAQ">HOTH</a>) shares declined 23% to $0.77 in pre-market trading. Hoth Therapeutics shares fell around 12% on Monday after the company announced a joint development agreement with Wise Systems International to utilize the BioNeMo AI platform of Nvidia..</li>
<li>TCTM Kids IT Education Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares dipped 20.1% to $1.11 in pre-market trading after jumping over 9% on Monday.</li>
<li>New Horizon Aircraft Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 19% to $0.81 in pre-market trading after jumping around 39% on Monday.</li>
<li>Nutex Health Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>) shares fell 17.3% to $0.50 in pre-market trading.</li>
<li>T Stamp Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) fell 17.1% to $0.47 in pre-market trading.</li>
<li>Contango Ore, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTGO#NYSE">CTGO</a>) shares fell 16.4% to $20.83 in pre-market trading after the company announced an underwritten public offering of common stock.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) shares declined 15.7% to $4.24 in pre-market trading after the company reported worse-than-expected first-quarter financial results, issued weak second-quarter guidance and announced it will acquire Hearsay Systems.</li>
<li>ProKidney Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) shares fell 15.5% to $2.55 in pre-market trading after the company announced a proposed $125 million public offering of class A ordinary shares and concurrent registered direct offering.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares fell 10.9% to $18.30 in pre-market trading after gaining 5% on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39248562/jim-cramer-isnt-recommending-slb-and-blackberry-nothing-there">Jim Cramer Isn&#8217;t Recommending SLB, And BlackBerry? &#8216;Nothing There</a>&#8216;

HOVR

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NUTX

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