4 Mid Cap Stocks Hit 52-Week Highs On Wednesday
As of Wednesday, September 30, there are 4 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 $36.4 billion in market value, OKTA is the largest company on the list; its stock is up 20.8% over the past month and up 122.8% over the past year. By sector, Health Care leads the list with 3 of the 4 names. For context, the S&P 500 is down 0.3% over the past month, including dividends.
Every Name On The List
The table below lists all 4 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 | $36.4 Bil | 2.1% | 1.8% | 20.8% | 122.8% |
| RVTY | $17.1 Bil | 0.1% | 7.6% | 18.8% | 82.1% |
| TWST | $12.1 Bil | 3.8% | 21.9% | 39.0% | 615.7% |
| TXG | $11.7 Bil | 0.4% | 19.5% | 44.7% | 696.8% |
The Businesses Behind The Largest New Highs
OKTA trades at 123.1 times trailing earnings, grew revenue 11.2% over the last twelve months and earned an operating margin of 7.7%.
Revvity (RVTY) trades at 71.8 times trailing earnings, grew revenue 4.1% over the last twelve months and earned an operating margin of 12.3%.
Across the list, one-month moves range from +18.8% for Revvity (RVTY) to +44.7% for 10x Genomics (TXG).
Over the past year, the median name here is up 369.2%.
1 of the 4 names is also S&P 500 members.
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.
Chasing Highs Is A Reflex. Owning Strength Is A System
A 52-week-high list is seductive: everything on it has been going right. But buying a stock because it is at its high is buying a price, and prices revert; what persists is the quality underneath the run.
The Trefis High Quality (HQ) Portfolio is built to own that quality before and after it makes headlines: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with 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. Admire the list; own the system.