Promising Small Cap Stocks To Keep An Eye On - March 8th

Investors looking for growth opportunities may want to consider small cap stocks. These stocks belong to companies with market capitalizations typically between $300 million and $2 billion. While they can be more volatile and carry higher risk compared to large cap stocks, small cap stocks often hold the potential for robust growth as these companies expand. According to recent data from MarketBeat's stock screener tool, five small cap stocks that have caught attention include Rigetti Computing, Inflection Point Acquisition, Intuitive Machines, and Visionary.

Rigetti Computing (RGTI)

Rigetti Computing, Inc. builds quantum computers and superconducting quantum processors through its various subsidiaries. The company provides quantum computing as a service, allowing access to its quantum processing units, including its 9-qubit chip and Ankaa-2 system under the Novera brand.

As of mid-day trading on Friday, Rigetti's shares traded at $9.35, showing an increase of $0.84. The stock had a trading volume of over 74 million shares, far exceeding its average volume of around 44 million. Rigetti Computing boasts a market capitalization of $1.80 billion, with a P/E ratio of -24.60 and a beta of 1.36. Its current ratio stands at 4.84, with a quick ratio the same. With a 52-week low of $0.66 and a high of $21.42, its moving averages are $12.09 for the fifty-day and $5.79 for the two-hundred-day periods.

Inflection Point Acquisition (IPAX)

Inflection Point Acquisition’s stock has also been noteworthy. As of Friday, its shares traded down to $8.77, a decrease of $2.49. During this time, over 52 million shares changed hands, well above its average volume of 277,739 shares. This company’s fifty-day moving average is $18.98, and its 200-day moving average is $12.54. Inflection Point Acquisition recorded a 12-month low of $9.00 and a high of $10.74.

Intuitive Machines (LUNR)

Intuitive Machines, Inc. operates in the space sector, focusing on designing and manufacturing various space products and services in the United States. The company aims to support scientific exploration and lunar presence through its cutting-edge technology. Services include lunar access and delivery, satellite servicing, and orbital debris removal.

On Friday, Intuitive Machines' stock was noted at $8.77 after decreasing by $2.49. Approximately 52 million shares were traded, surpassing its average of 15 million. The company's market cap is $1.23 billion, and it has a P/E ratio of -2.98 with a beta of 1.01. The stock has fluctuated between a 12-month low of $3.15 and a high of $24.95. The fifty-day moving average sits at $18.67, while its two-hundred-day moving average is $12.66.

Visionary (GV)

Visionary Holdings Inc. offers a range of educational programs for both Canadian and international students. Their services include secondary school programs, college diplomas, vocational training, and advanced degree programs.

The shares of Visionary traded up to $6.05 during midday trading, indicating an increase of $1.16. With over 71 million shares trading hands against an average of around 9 million, Visionary’s company statistics include a fifty-day moving average of $1.95 and a 200-day moving average of $1.88. The stock has a 12-month low of $1.00 and a high of $9.60.

In conclusion, small cap stocks can be an intriguing area for investors to explore, especially in sectors like technology and education, where companies like Rigetti, Inflection Point, Intuitive Machines, and Visionary show promise for growth.

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