Top Small Cap Stocks Worth Watching - February 03rd

As of February 3rd, there are several small cap stocks worth keeping an eye on. According to recent analysis, ProShares UltraPro Short QQQ, AltC Acquisition, Spring Valley Acquisition, Triumph Group, Invivyd, Reborn Coffee, and Inflection Point Acquisition are highlighted as stocks to consider. Small cap stocks refer to shares in companies that typically have a market capitalization of under $2 billion. They are often seen as high-risk but also have the potential for significant returns due to their inherent volatility and lower liquidity.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ is designed to achieve daily returns that correspond to three times the inverse of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 includes 100 of the largest non-financial domestic and international stocks traded on the NASDAQ stock exchange.

On Monday, shares of SQQQ rose $0.31, reaching a trading price of $29.34, with a trading volume of over 79 million shares. Its 50-day simple moving average is approximately $30.10, while the 200-day average is $36.42. The stock has a 12-month low of $27.23 and a high of $64.95.

AltC Acquisition (ALCC)

AltC Acquisition Corp. is primarily focused on effecting business combinations through mergers or asset acquisitions. Previously named Churchill Capital Corp VIII, the company does not currently have significant operations.

Recently, shares of ALCC fell $0.30 to $41.61, and trading volume reached nearly 27 million shares. It has a 12-month low of $10.27 and a high of $18.80, with moving averages of $24.57 (50-day) and $16.36 (200-day).

Spring Valley Acquisition (SV)

Spring Valley Acquisition's stock gained $0.26 recently, achieving a price of $23.84 with a trading volume of over 19.6 million shares. Its market performance shows a low of $8.56 and a high of $11.23 over the past year, with moving averages of $22.60 and $16.50 for the 50-day and 200-day periods, respectively.

Triumph Group (TGI)

Triumph Group is involved in designing and manufacturing aircraft as well as components for aviation systems. The stock has recently traded up to $25.14, climbing $6.40 in price. It sees a trading volume of about 17 million shares, with a low of $11.01 and a high of $25.34 over the past year. Its 50-day and 200-day moving averages are $18.74 and $16.07, respectively.

Invivyd (IVVD)

Invivyd, Inc. focuses on developing antibody-based solutions for infectious diseases. The stock traded up $0.58 recently, reaching $0.94 with a trading volume of approximately 367 million shares. Invivyd's 1-year low is $0.35 and its high is $5.10, with 50-day and 200-day moving averages of $0.50 and $0.82.

Reborn Coffee (REBN)

Reborn Coffee is a company operating coffee shops that specialize in specialty-roasted coffee. The company's shares rose to $5.15, up $1.85, with trading volume surpassing 64 million shares. Reborn Coffee has a 1-year low of $0.92 and a high of $8.80, along with 50-day and 200-day moving averages of $1.48 and $2.45.

Inflection Point Acquisition (IPAX)

Finally, Inflection Point Acquisition traded down $0.74, reaching $21.68 with a trading volume of over 14 million shares. It has a low of $9.00 and a high of $10.74 for the past year. Its moving averages are $16.76 (50-day) and $10.27 (200-day).

Investors looking to diversify or explore new opportunities should closely monitor these small cap stocks as they may present significant potential alongside inherent risks.

stocks, investing, smallcap