3 Mid Cap Stocks Just Made New 52-Week Highs
As of Thursday, October 1, there are 3 Mid Cap US and Canada-listed stocks in the Trefis coverage universe trading at their 52-week highs. Mid Cap here means a market value between $10 billion and $40 billion, the upper figure excluded.
At about $37.1 billion in market value, OKTA is the largest company on the list; its stock is up 27.8% over the past month and up 131.9% over the past year. For context, the S&P 500 is up 0.6% over the past month, including dividends.
The Full List, Largest First
The table below lists all 3 names this screen surfaced, largest first, with one-day, one-week, one-month and one-year returns:
| Tickers | Market Cap |
1D Return |
1W Return |
1M Return |
1Y Return |
|---|---|---|---|---|---|
| OKTA | $37.1 Bil | 1.7% | 2.9% | 27.8% | 131.9% |
| SMTC | $17.4 Bil | 4.6% | 6.9% | 41.1% | 161.1% |
| DT | $17.3 Bil | 2.6% | 1.0% | 12.1% | 22.3% |
The Businesses Behind The Largest New Highs
OKTA trades at 125.2 times trailing earnings, grew revenue 11.2% over the last twelve months and earned an operating margin of 7.7%.
Semtech (SMTC) grew revenue 17.8% over the last twelve months and earned an operating margin of 12.0%.
Across the list, one-month moves range from +12.1% for Dynatrace (DT) to +41.1% for Semtech (SMTC).
Over the past year, the median name here is up 131.9%.
Before chasing any name on this list, ask what the company itself expects next. Our Guidance Momentum screen surfaces the stocks whose managements just raised their own outlooks.
Strength Is A Clue. It Is Not A Plan
A stock at its 52-week high has momentum on its side, and momentum is a real force. It is also the most crowded signal in the market, and what separates a run that lasts from one that tops is usually the business underneath.
Checking that business, across thousands of names, is how the Trefis High Quality (HQ) Portfolio is assembled: roughly 30 companies that pass the quality screens, rebalanced on rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Let the highs point; let the discipline decide.