Shares then jumped after Q2 results released in August, and again after Q3 results (reported in November) showed comparable store sales grew 17%. Most of the stock’s 2019 gain came since August after the company announced it was speeding up a strategy shift to focus more on off-price Gordmans stores, which are mostly located between Idaho and Ohio. By most investors’ standards the company is still tiny Stage Stores ended the year with a share price of 8.12 and a market cap of $250 million. Stage Stores, a Texas-based retailer of apparel stores, was a bona fide penny stock at the beginning of 2019, which it entered trading with a share price of just 0.74. After its 1,075% gain it now has a market cap of $1.7 billion.
#Best performing micro cap stocks to buy in october 2019 trial
Most of the stock’s 2019 gains came since September after the company announced a private placement and then positive data on a Phase 2 trial for a combination treatment in myelofibrosis (MF) patients. It is developing product candidates for six different central nervous system (CNS) disorders and based on the trading action the market’s factoring in commercial success on at least some of them.Ĭonstellation Pharmaceuticals (CNST): +1,075%Ĭonstellation is another biotech stock and specializes in therapeutics for patients with abnormal gene expression. Throughout the year the company has issued many updates on other pipeline assets, including potential treatments for narcolepsy and migraines, the latter of which will see an NDA filing in 2020. What happened? A lot of things, but the initial jump in January 2019 came on the back of positive Phase 2 clinical data for a potential treatment of major depressive disorder (MDD). It’s a rags-to-riches story for a company that is now firmly out of the micro-cap asset class, with a market cap of $3.7 billion. The stock’s gain of 3,565% made it far and away the best-performing micro-cap stock of 2019. The 10 Best Micro-Cap Stocks of 2019ĭevelopment-stage biotech company Axsome started the year with a share price of 2.82 but finished with a share price just over 103. Without further ado, here were the 10 best-performing micro-cap stocks of 2019. While we weren’t in these stocks as of the first of this year, subscribers have still done quite well with both. Still, I’m pleased to report that one of my Cabot Small-Cap Confidential advisory recommendations made the list we also nabbed the 11th-best-performing micro-cap stock of 2019. I mean that literally of the 410 healthcare stocks that were in the micro-cap index last year almost 45% of them posted negative returns in 2019. It is such a risky area of the market and for every biotech stock that soars there are several that crater. But the prevalence of biotech stocks on this top performers list does illustrate the practical challenges of plucking what will be the best-performing micro-cap stocks out of the market at the beginning of the year, before they surge. That’s not too surprising given the high-risk, high-reward nature of biotech and that nearly one-third of all stocks in the micro-cap index are from the healthcare sector. Second, I’d like to point out that seven of the 10 stocks are biotech stocks. stocks with market capitalizations between $50 million and $300 million. First, many of these stocks are no longer micro-cap stocks-i.e.
After tossing out any stocks that up-listed or came public during the year (I only wanted stocks with 12 months of trading history in the index) the below names are what was left.Ī couple of notes. I pulled this list from the S&P 600 Microcap index, from which I downloaded calendar year returns then sorted from highest to lowest. Specifically, I want to look at the best-performing micro-cap stocks of 2019. And we can’t go back.īut we can look at what worked in 2019 after Mnuchin spoke and keep it in mind as we make decisions for the year ahead in 2020. If we all had the benefit of hindsight, we would have taken Mnuchin’s comments as a signal that it was time to jump into the market and buy stocks with every dollar we had! Find out which stocks you should buy this month to make money in this volatile market.
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