What Are the Top Microcap Stocks to Watch?
Lily AldridgeWhat Are the Top Microcap Stocks to Watch?
Microcap stocks are those with a market capitalization between $50 million and $300 million. These companies can offer significant growth potential, but also come with higher risk. Here are sometop microcap stocksto keep an eye on:
1. Telenav Inc. (TNAV)
Telenav is a provider of connected car and location-based services. The company's stock has been on a steady upward trend, with a 52-week high of $9.41. Telenav's revenue has also been increasing, with the company reporting $58.4 million in Q2 2021.
2. Perion Network Ltd. (PERI)
Perion Network is a digital advertising company that specializes in email, search, and social media advertising. The company's revenue has been steadily increasing, with a 44% increase in Q2 2021 compared to the same quarter the previous year. Perion Network's stock is currently trading at around $11.50, with a 52-week high of $19.03.
3. Synalloy Corporation (SYNL)
Synalloy Corporation is a manufacturer and distributor of specialty chemicals, metals, and piping products. The company's stock has been steadily increasing, with a 52-week high of $16.00. Synalloy Corporation's revenue has also been on the rise, with the company reporting $67.3 million in Q2 2021.
Investment Strategies for Microcap Stocks:
Investing in microcap stocks can be risky, but also potentially rewarding. Here are some strategies to consider:
1. Do your research: Thoroughly research the company before investing. Look at financial statements, management, and industry trends.
2. Diversify your portfolio: Don't put all your money into one microcap stock. Spread out your investments across different industries and stocks.
3. Be patient: Microcap stocks can be volatile, so be prepared to hold onto your investment for an extended period of time.
4. Set stop-loss orders: Consider setting a stop-loss order to limit potential losses.
Investing in microcap stocks can be a high-risk, high-reward proposition. However, with careful research and a diversified portfolio, investors can potentially find success in this market.
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