Pre-market is a period of time where trading activity precedes the regular market session. Pre-market trading typically takes place between 8:00 a.m. and 9:30 a.m. EST. As traders and investors prepare for the regular session, they watch the premarket activity to gauge the market’s strength.
Getting a better understanding of premarket:
Stocks premarket movers usually have low volume and liquidity; as a result, bid-ask spreads are large. Several retail brokers offer premarket trading, but it may be limited to certain orders. Generally, direct-access brokers are able to trade pre-market as early as 4:00 a.m. EST on weekdays.
This early in the morning, stocks don’t usually have much action unless there is some news to report. There is limited liquidity because the majority of stocks show only stub quotes.
In this article, we are presenting you the 5 best stocks in premarket movers today to invest.
Agrify Corporation (AGFY)
Agrify Corporation (AGFY) shares were rising 11.41% to trade at $0.5653 in pre-market at the last check. AGFY’s stock gained 32.62% to close Tuesday’s session at $0.51. The stock volume remained at 14.9 million shares, which was higher than the average daily volume of 1.57 million shares within the past 50 days. AGFY shares have fallen by -97.35% over the last 12 months, and they have moved up by 8.65% in the past week. Over the past three months, the stock has lost -68.09%, while over the past six months, it has shed -87.19%. Further, the company has a current market of $16.53 million and its outstanding shares stood at 26.58 million.
IBI MUTUAL FUNDS MANAGEMENT (197 sold a fresh place in Agrify Corporation (NASDAQ: AGFY). The institutional investor sold 1.5 thousand shares of the stock in a transaction that took place on 7/28/2022. In another most recent transaction, which was held on 8/25/2022, ETF MANAGERS GROUP LLC sold approximately 418.4 thousand shares of Agrify Corporation. The total Institutional investors and hedge funds own 29.50% of the company’s stock.
Adamis Pharmaceuticals Corporation (ADMP)
At last check in pre-market trading, shares of Adamis Pharmaceuticals Corporation (ADMP) were up 26.91% at $0.1858. ADMP’s stock closed last session at $0.15, increasing 16.38% or $0.02. Shares of the company fluctuated between $0.12 and $0.15 throughout the day. The number of shares exchanged was 5.96 million, greater than the company’s 50-day daily volume of 1.03 million and higher than its Year to date volume of 1.08 million. In the past 12 months, the company’s stock has advanced by -86.19%, and in the last week, the stock has moved down by -6.45%. For the last six months, the stock has lost a total of -69.64%, and over the last three months, the stock has decreased by -70.81%. The stock has returned -75.80% so far this year.
Maxim Group rated the Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) stock “a Buy”. Maxim Group’s estimates were contained in a research note released on Wednesday, May 13, 2020. Several other experts on Wall Street have posted such reports regarding the ADMP shares. According to Dawson James, the stock is “Neutral”. Dawson James published their figures in a research note released to investors on Thursday, February 27, 2020. Other experts at Raymond James have the stock’s rating of the stock is “an Mkt perform.”. These scores were published in a research note the firm released on Tuesday, November 26, 2019.
Bit Brother Limited (BTB)
Bit Brother Limited (BTB) is soaring on the charts today, down -1.39% to trade at $0.1626 at the last check in premarket trading. On Tuesday, shares in Bit Brother Limited rise 8.49% to close the day at $0.16. The volume of shares traded was 3.44 million, which is lower than the average volume over the last three months of 3.69 million. During the trading session, the stock oscillated between $0.1525 and $0.1739. The company had an earnings-per-share ratio of -0.63. BTB’s stock has lost -48.47% of its value in the previous five sessions and -7.62% over the past month but has lost -71.22% on a year-to-date basis. The stock’s 50-day moving average of $0.2117 is above the 200-day moving average of $0.3258. Moreover, the stock is currently trading at an RSI of 48.48.
Bit Brother Limited (BTB) has a 20-day trading average at $0.1572 and the current price is -94.50% off the 52-week high compared with a 52.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2117 and its 200-day simple moving average is $0.3258. If we look at the stock’s price movements over the week, volatility stands at 19.49%, which decreases to 16.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.48 to suggest the stock is neutral.
SELLAS Life Sciences Group Inc. (SLS)
SELLAS Life Sciences Group Inc. (SLS) has advanced 36.11% at $2.45 in pre-market trading hours on the last check Wednesday. The stock of SLS lost -3.23% to complete the last trading session at $1.80. The price range of the company’s shares was between $1.77 and $1.95. It traded 68264.0 shares, which was below its daily average of 0.13 million shares over 100 days. SLS’s shares have dropped by -13.46% in the last five days, while they have subtracted -42.86% in the last month. Further, it is currently trading at a price-to-book ratio of 1.91.
The top 3 mutual fund holders in SELLAS Life Sciences Group Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 592,271 shares of the company’s stock, all valued at over $1.2 million. The company an additional 0.0 shares recently to bring its total holdings to about 2.88% of the shares outstanding. Vanguard Extended Market Index Fu 0.0 shares to see its total holdings shrink to 201,652 shares valued at over $0.41 million and representing 0.98% of the shares outstanding. Fidelity Extended Market Index Fu sold 509.0 shares to bring its total holdings to over 79324.0 shares at a value of $0.16 million. Fidelity Extended Market Index Fu now owns shares totaling to 0.39% of the shares outstanding.
Kaixin Auto Holdings (KXIN)
Kaixin Auto Holdings (KXIN) shares have gained 34.79% at $0.89 in Wednesday’s premarket session. Kaixin Auto Holdings’s stock subtracted -2.90% to finish the last trading session at $0.66. The stock recorded a trading volume of 32240.0 shares, which is below the average daily trading volume published for the last 50 days of 0.37 million shares. The shares of Kaixin Auto Holdings have advanced -13.91% in the last five days; however, they have lost -14.91% over the last month. The stock price has shed -34.62% over the last three months and has lost -71.90 percent so far this year. Additionally, it has a price-to-sales ratio that stands at 63.72.
Let us now take a look at Kaixin Auto Holdings (KXIN)’s trading volatility. Its 7-day volatility is around 5.88%, while it has a monthly volatility of 10.99%. KXIN has an ATR (Average True Range) of 0.07 and a beta factor of -0.15. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.