Small Cap Stocks To Watch Today - March 23rd

Today, March 23rd, we focus on seven small-cap stocks that investors should keep an eye on. These companies include Direxion Daily TSLA Bull 2X Shares, Neogen, Carter's, Brown-Forman, Allurion Technologies, TransCode Therapeutics, and AltC Acquisition. Small-cap stocks represent companies with smaller market capitalizations, usually between $300 million and $2 billion. These stocks have the potential for significant growth, but they also come with greater volatility and risks compared to larger, established firms. Recently, these companies experienced the highest trading volumes among small-cap stocks, making them noteworthy today.

Direxion Daily TSLA Bull 2X Shares (TSLL)

Shares of Direxion Daily TSLA Bull 2X Shares saw an increase of $0.88 on Friday, bringing the stock price to $9.04. The trading volume for the day was remarkable at 174,069,089 shares, significantly higher than its average of 63,093,019. With a market capitalization of $1.75 billion, the company has a price-to-earnings ratio of 43.99 and a beta of -5.14. The stock has fluctuated within a 1-year range of $4.94 to $41.50. Currently, the 50-day and 200-day simple moving averages are $18.73 and $18.83, respectively.

Read Our Latest Research Report on TSLL

Neogen (NEOG)

Neogen Corporation specializes in food and animal safety, providing various products and services through its subdivisions. The Food Safety segment offers diagnostic kits to identify harmful substances in food and animal feeds, including pathogens and allergens. They also provide advanced sanitation tests and genomics-based diagnostic technology for quality control.

On Friday, Neogen stocks fell by $0.12, closing at $8.85. Trading volume reached 36,396,580 shares, compared to an average of 2,130,246. Neogen has a market cap of $1.92 billion, a negative price-to-earnings ratio of -4.04, and a beta of 1.27. It recorded a low of $8.60 and a high of $18.58 over the past year. Additionally, the company maintains a quick ratio of 2.46 and a debt-to-equity ratio of 0.33.

Read Our Latest Research Report on NEOG

Carter's (CRI)

Carter's, Inc. focuses on branding children's apparel and operates through US Retail, US Wholesale, and International segments. The US Retail unit sells products via retail stores and online, whereas the US Wholesale segment collaborates with various wholesale partners.

Carter's stock declined by $0.04, ending at $40.81. The trading volume was 7,530,286 shares, surpassing the average of 1,105,316. With a market cap of $1.47 billion, the company presents a price-to-earnings ratio of 6.48, and has recorded a 52-week range between $38.84 and $86.24.

Read Our Latest Research Report on CRI

Brown-Forman (BF-B)

Brown-Forman Corporation is involved in producing and marketing a variety of alcoholic beverages including wines, whiskey, and flavored liqueurs.

On Friday, the stock price of Brown-Forman decreased by $0.27 to a total of $34.65. The trading volume was around 8,046,096 shares. The company has a 50-day moving average of $33.36 and a 200-day moving average of $40.24.

Read Our Latest Research Report on BF-B

Allurion Technologies (ALUR)

Allurion Technologies focuses on addressing obesity through its weight loss programs. They provide an innovative procedure-less intragastric balloon for weight loss along with AI-powered remote patient monitoring and a proprietary behavior change program.

Shares of Allurion increased by $1.32, reaching $3.60. The trading volume on Friday was 74,301,375 shares, compared to an average of 706,727. The company holds a market cap of $17.24 million and has a PE ratio of -0.30.

Read Our Latest Research Report on ALUR

TransCode Therapeutics (RNAZ)

TransCode Therapeutics is an RNA oncology company that works on developing drugs and diagnostics for cancer treatment. The lead therapeutic candidate targets microRNA-10b, which plays a role in several cancer types.

The stock rose by $0.35 on Friday, bringing the price to $1.12. There were 215,588,298 shares traded, exceeding the average of 1,521,393. The company has a market cap with a 52-week low of $0.65 and a high of $66.33.

Read Our Latest Research Report on RNAZ

AltC Acquisition (ALCC)

AltC Acquisition Corp. is primarily focused on mergers and business combinations. Formerly known as Churchill Capital Corp VIII, the company seeks to establish operations through various means.

On Friday, AltC Acquisition traded down $0.61 to a price of $27.16, with a trading volume of 8,093,336 shares, easily surpassing its average of 723,393. Its 52-week range varies from $10.27 to $18.80.

Read Our Latest Research Report on ALCC

Conclusion

The small-cap stocks featured today show diverse industries and growth potential. Investors should consider these stocks closely as they navigate the market.

stocks, smallcap, trading