Small Cap Stocks to Consider - February 2nd

Today, several small cap stocks are gaining attention based on their recent trading volume. The highlighted stocks are ProShares UltraPro Short QQQ, AltC Acquisition, TCTM Kids IT Education, Spring Valley Acquisition, D-Wave Quantum, TeraWulf, and Cyclerion Therapeutics. Small cap stocks are shares of companies that generally have a market capitalization between $300 million and $2 billion. These companies are often in the early stages of their growth, giving them higher potential for rapid expansion compared to larger firms, though they may also carry more volatility and risk.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ aims to provide results that correspond to three times the inverse of the daily performance of the NASDAQ-100 Index. This index is made up of 100 of the leading non-financial companies listed on the NASDAQ stock market.

During trading on Friday, shares of SQQQ rose by $0.18 to reach $29.03, with a trading volume of over 73 million shares. The stock has fluctuated between a one-year low of $27.23 and a high of $64.95, with a 50-day simple moving average of $30.10 and a 200-day average of $36.45.

AltC Acquisition (ALCC)

AltC Acquisition Corp is currently seeking to merge or acquire one or more businesses, as it does not have significant operations at this time. The company was formerly known as Churchill Capital Corp VIII.

On Friday, AltC Acquisition shares fell $0.30 to $41.61, with a trading volume of nearly 27 million shares. The stock's trading range has been between $10.27 and $18.80 in the past year, while the 50-day and 200-day moving averages are $24.57 and $16.31, respectively.

TCTM Kids IT Education (TCTM)

TCTM Kids IT Education Inc. provides IT-focused educational services to children in China, focusing on STEM education through both online and offline learning models.

The company's shares rose by $0.60 during Friday's trading, reaching $0.78, supported by a high trading volume of over 730 million shares. TCTM has experienced a 12-month trading range from $0.18 to $2.99, with a 50-day moving average of $0.66 and a 200-day average of $0.89.

Spring Valley Acquisition (SV)

Spring Valley Acquisition witnessed a share increase of $0.26 on Friday, trading at $23.84, with a volume surpassing 19 million shares. The stock has shown a range of $8.56 to $11.23 over the past year and has a 50-day moving average of $22.60.

D-Wave Quantum (QBTS)

D-Wave Quantum develops quantum computing systems and offers associated services globally, including access to live quantum computers through their cloud-based service called Leap.

On Friday, D-Wave Quantum shares increased by $0.30 to reach $5.94, trading over 74 million shares. The stock has seen a yearly range from $0.75 to $11.41, with moving averages of $6.03 and $2.82 for the 50 and 200 days, respectively.

TeraWulf (WULF)

TeraWulf's shares decreased by $0.24 to $4.77, with trading activity around 70 million shares. Over the past year, the stock has fluctuated between $1.55 and $9.30, with a 50-day average price of $6.36.

Cyclerion Therapeutics (CYCN)

Cyclerion Therapeutics focuses on developing pharmaceutical treatments for serious conditions. The company is currently working on two important treatments that are advancing through clinical trials.

On Friday, Cyclerion's shares rose $1.38 to $3.92, with a trading volume exceeding 82 million shares. The stock has a yearly range from $1.27 to $9.47 and 50-day and 200-day moving averages of $3.11 and $2.91, respectively.

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