Stocks making the biggest premarket moves: Lyft, Expedia, Yelp and more

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Check out the companies making the biggest moves in premarket trading:

Lyft — The ride-sharing company cratered 31.5% after issuing weak guidance in its fiscal first-quarter earnings report. Lyft said it anticipates about $975 million in revenue, lower than the $1.09 billion analysts expected, according to StreetAccount. Several analysts subsequently downgraded the stock.

Expedia — The travel company's shares fell 2.4% after a disappointing quarterly earnings report. The company reported adjusted earnings per share of $1.26 on revenue of $2.62 billion. Analysts had estimated earnings of $1.67 per share on revenue of $2.70 billion, according to Refinitiv.

Yelp — The consumer review platform gained more than 5% in the premarket after it posted fourth-quarter revenue of $309 million, topping analysts' expectations of $307 million. Earnings per share were in line with estimates.

Cloudflare — The cloud service provider posted quarterly earnings that beat expectations after the bell Thursday. Cloudflare was up nearly 8% in the premarket.

Freyr Battery — Shares of the battery manufacturing company rose 4% after Bank of America initiated coverage of the stock with a buy rating. The Wall Street firm said Freyr is months away from its first major catalyst, manufactured cells.

Affirm — Affirm shares shed 3.7% before the bell after Morgan Stanley downgraded the buy-now-pay-later stock to equal weight from an outperform rating following its latest earnings results. According to the Wall Street firm, Affirm's offering appears too limited.

Deutsche Bank — Shares of the German bank dipped more than 3% in pre-market trading after Deutsche Bank was downgraded to underperform from neutral at Bank of America. The investment