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.
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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 in.
Tesla Inc. (TSLA)
Tesla Inc. (TSLA) is rising on the charts today, up 3.07% to trade at $249.83 at the last check in premarket trading. On Monday, shares in Tesla Inc. fell -8.61% to close the day at $242.40. The volume of shares traded was 98.36 million, which is higher than the average volume over the last three months of 74.44 million. During the trading session, the stock oscillated between $241.01 and $255.16. The company had an earnings per share ratio of 2.78. TSLA’s stock has lost -12.18% of its value in the previous five sessions and -12.54% over the past month but has lost -31.19% on a year-to-date basis. The stock’s 50-day moving average of $289.36 is above the 200-day moving average of $290.37. Moreover, the stock is currently trading at an RSI of 30.18.
With this outlook, analysts have a consensus recommendation rating of 2.40 for the stock. Needham issued a stock update for Tesla Inc. (TSLA) on September 15, 2022, in which the firm assigned a “Hold” rating. Wolfe Research on September 06, 2022, rated the stock as “an Outperform,”. Although bearish, it is notable that the stock is well above its 200-day simple moving average by -16.64%, while it is -16.40% below and -16.22% below its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 98.36 million against a 3-month average of 74.44M.
Bit Brother Limited (BTB)
Bit Brother Limited (BTB) shares were rising 107.40% to trade at $0.2325 in pre-market at last check. BTB’s stock lost -15.59% to close Monday’s session at $0.11. The stock volume remained at 3.9 million shares, which was higher than the average daily volume of 0.44 million shares within the past 50 days. BTB shares have fallen by -88.46% over the last 12 months, and they have moved down by -10.32% in the past week. Over the past three months, the stock has lost -63.33%, while over the past six months, it has shed -67.51%. Further, the company has a current market of $11.55 million and its outstanding shares stood at 101.84 million.
Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 17.05%, and 10.73% for the month. This stock’s Average True Range (ATR) currently stands at 0.02, with the beta factor poised at 1.49. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, mean that the stock’s volatility at that particular moment is low.
FingerMotion Inc. (FNGR)
FingerMotion Inc. (FNGR) shares have gained 29.54% at $8.42 in Tuesday’s premarket session. FingerMotion Inc.’s stock added 92.88% to finish the last trading session at $6.50. The stock recorded a trading volume of 73.57 million shares, which is below the average daily trading volume published for the last 50 days of 2.35 million shares. The shares of FingerMotion Inc. have retreated 723.20% in the last five days; however, they have gained 622.22% over the last month. The stock price has surged 381.48% over the last three months and has gained 50.12 percent so far this year. Additionally, it has a price-to-sales ratio that stands at 7.01.
According to a U.S. Securities and Exchange Commission filing, iShares Tr – Micro Cap ETF has reduced its position in FingerMotion Inc. (FNGR) to 51,999 shares, mirroring a recent drop by 0.00%. iShares Tr – Micro Cap ETF dumped 0.0 shares of FingerMotion Inc. common stock bringing its total worth to about $48359.0 at the end of a recent close, SEC documents show. iShares Tr – Micro Cap ETF isn’t the only investment manager who changed stakes and is followed by 1290 VT Micro Cap Portfolio, which has 3506.0 shares to end up with 3,506 shares worth $3261.0. Fidelity Nasdaq Composite Index F cut its holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.01% position in FingerMotion Inc. thanks to 1953.0 shares amounting to $1816.0.
AeroClean Technologies Inc. (AERC)
At last check in pre-market trading, shares of AeroClean Technologies Inc. (AERC) were up 38.63% at $4.45. AERC’s stock closed the last session at $3.21, increasing 11.07% or $0.32. Shares of the company fluctuated between $2.76 and $3.25 throughout the day. The number of shares exchanged was 2.16 million, less than the company’s 50-day daily volume of 2.45 million and lower than its Year-to-date volume of 3.83 million. In the past 12 months, the company’s stock in the last week, stock has moved up 22.05%. For the last six months, the stock has lost a total of -29.91%, and over the last three months, the stock has decreased by -74.42%. The stock has returned -69.34% so far this year.
The Benchmark Company rated the AeroClean Technologies Inc. (NASDAQ: AERC) stock “a Hold”. The Benchmark Company’s estimates were contained in a research note released on Tuesday, June 14, 2022. Several other experts on Wall Street have posted such reports regarding the AERC shares.
Athersys Inc. (ATHX)
Athersys Inc. (ATHX) has advanced 11.87% at $2.45 in pre-market trading hours on the last check Tuesday. The stock of ATHX gained 18.38% to complete the last trading session at $2.19. The price range of the company’s shares was between $1.78 and $2.27. It traded 2.19 million shares, which was above its daily average of 1.1 million shares over 100 days. ATHX’s shares have gained by 54.23% in the last five days, while they have subtracted by -11.69% in the last month.
Athersys Inc. (ATHX) has a 20-day trading average at $1.92 and the current price is -93.83% off the 52-week high compared with a 93.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.94 and its 200-day simple moving average is $12.63. If we look at the stock’s price movements over the week, volatility stands at 21.40%, which decreases to 20.26% 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 45.32 to suggest the stock is neutral.
