Pre-market Movers: IFRX, CWBR, FUTU, MRAI, GRTX…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 05.45 A.M. EDT).

In the Green

InflaRx N.V. (IFRX) is up over 53% at $4.40

LendingClub Corporation (LC) is up over 30% at $41.27

Marpai, Inc. Class A Common Stock (MRAI) is up over 25% at $5.95

Galera Therapeutics, Inc. (GRTX) is up over 21% at $2.93

Meten Holding Group Ltd. (METX) is up over 13% at $0.47

Ford Motor Company (F) is up over 9% at $17.01

China Pharma Holdings, Inc. (CPHI) is up over 9% at $0.71

Baudax Bio, Inc. (BXRX) is up over 8% at $0.61

In the Red

CohBar, Inc. (CWBR) is down over 31% at $0.62

Futu Holdings Limited (FUTU) is down over 25% at $49.90

Siyata Mobile Inc. (SYTA) is down over 20% at $4.22

UP Fintech Holding Limited (TIGR) is down over 18% at $7.18

China XD Plastics Company Limited (CXDC) is down over 18% at $0.76

Brickell Biotech, Inc. (BBI) is down over 16% at $0.45

Guardion Health Sciences, Inc. (GHSI) is down over 14% at $1.29

Twilio Inc. (TWLO) is down over 11% at $305.00

AgriFORCE Growing Systems, Ltd. (AGRI) is down over 11% at $2.80

IronNet, Inc. (IRNT) is down over 8% at $14.95

Telefonica Q3 OIBDA Up 1.6% In Organic Terms; Confirms 2021 Outlook – Quick Facts

Telefonica SA (TDE.L,TEF) said it performed strongly in third quarter, and maintained the momentum of year-over-year organic revenue and OIBDA growth for the consecutive quarter, with accelerating service and B2B revenue growth.

Third quarter OIBDA grew 39.8% in reported terms to 3.73 billion euros. OIBDA grew by 1.6%, in organic terms. Underlying OIBDA was 3.03 billion euros, down 13.7%. Net income was 706 million euros, or 0.12 euros per share, for the quarter.

In reported terms, third quarter revenues were 9.30 billion euros, down 11.1% from prior year. Revenues grew by 3.6%, in organic terms.

Looking forward, the company confirmed the financial targets set for the year: revenue and OIBDA to move between stable and slight organic growth; and CapEx to sales back to a normalised level of up to 15%.

Telefónica’s net debt fell to 25.0 billion euros at the end of September, down 31.8% from a year ago. In the last quarter, debt fell by 4.6%.

Elringklinger Posts Increased Results For The Third Quarter

Elringklinger (EGKLF.PK) reported third-quarter net income of EUR 9.0 million compared to EUR 3.4 million in the prior year period. On a per share basis, earnings rose to EUR 0.14 per share from EUR 0.05 per share last year.

Profit before taxes surged to EUR 23.8 million from EUR 9.2 million in the same period of last year.

Revenue for the quarter amounted to EUR 400.6 million, 19.5% higher than the previous year’s revenue of EUR 381.2 million.

Dr. Stefan Wolf, CEO of ElringKlinger AG, said, “ElringKlinger can look back on an extremely encouraging quarterly performance. Despite downside market factors, we were able to increase our revenue in the third quarter. As regards our EBIT margin, we improved further compared to the previous year and again achieved positive operating cash flow, thus allowing us to further reduce our net financial liabilities.”

Nikon Corp. Swings To Profit In H1

Nikon Corporation (NINOF.PK), a Japanese optics and imaging products and services company, on Thursday posted a turnaround to profit for the six-month period ended in September, with a rise in sales, decline in other operating expenses, and a recovery from the Covid-driven slowdown.

The Tokyo-headquartered firm reported a profit of 26.38 billion yen or 71.68 yen per share, for the first half of the fiscal 2021 ended in September, compared to a loss of 31.54 billion yen or 85.90 yen per share, reported for the same period, last year.

It also reported a pre-tax profit of 35.91 billion yen for the 26-week period ended on September 30, against a pre-tax loss of 38.89 billion yen, reported for the six-month period of the year ago.

Owing to positive market cues, the Asian company recorded an operating profit of 32.10 billion yen, for the 160-day period, versus an operating loss of 46.63 billion yen, posted for the same six-month period of 2020.

Operating expenses for the period declined 20.63 billion yen to 1.19 billion yen, posted for the 26-week period of last fiscal.

For the period from April to September, Nikon generated revenue of 273.04 billion yen, higher than 175.64 billion yen, reported for the first half of the last fiscal.

China developer Yango reaches deal to extend onshore ABS -sources

BEIJING/SHANGHAI (Reuters) – Yango Group Co Ltd has reached an agreement with investors to extend principal payments on onshore asset-backed securities they can redeem in November, two sources with direct knowledge of the matter told Reuters on Thursday.

The Chinese property developer will pay 10% of principal and full interest on the notes due in November, with the remaining principal to be rolled over by one year, the sources said.

This week Reuters reported the company was in talks with investors to discuss payment extensions, as it also seeks to exchange U.S. dollar bonds to avoid default on debt payments.

Superdry Plc H1 Group Revenue Down 2.4% – Quick Facts

Superdry Plc (SDRY.L,SEPGF.PK,SEPGY.PK) said its Group revenue declined 2.4% for the 26-week period to 23 October 2021. Wholesale revenue increased 1.2% year-on-year. The impact of global supply chain delays has been greater on Wholesale channel, the Group said. The Group noted that pandemic continues to materially impact physical store trading. First half performance was negatively impacted by temporary closures in Europe, and the permanent closure of 15 stores.

For the 8-week period to 23 October 2021, Group revenue was down 8.8%. The Group said the improvement in trading in Retail channels across the 8-week period has been encouraging, as it has exited sale and fully launched AW21 collection.

Superdry noted that it currently has no significant availability issues in retail operations arising from supply chain delays.