35 Small Cap Stocks Hit 52-Week Highs On Tuesday

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As of Tuesday, October 20, there are 35 Small Cap US and Canada-listed stocks in the Trefis coverage universe trading at their 52-week highs. Small Cap here means a market value between $2 billion and $10 billion, the upper figure excluded.

Toro (TTC), with a market value of about $9.8 billion, is the largest company on the list; its stock is up 10.4% over the past month and up 40.9% over the past year. For context, the S&P 500 is down 0.6% over the past month, including dividends.

Photo by ArtsyBee on Pixabay

 
The 10 Largest, By Market Cap

The table below shows the 10 largest of the 35 names, sorted by market capitalization, with returns over four windows:
 

Tickers Market
Cap
1D
Return
1W
Return
1M
Return
1Y
Return
TTC $9.8 Bil 2.2% 4.9% 10.4% 40.9%
PCTY $9.1 Bil 2.3% 7.6% 17.8% 13.1%
HNGE $8.5 Bil 3.4% 2.3% 13.8% 118.2%
ACA $7.2 Bil 0.1% 0.2% 0.9% 58.4%
RNG $6.9 Bil 3.1% 3.7% 5.6% 207.2%
IOVA $6.7 Bil 4.6% 2.5% 45.8% 581.7%
KNSA $6.5 Bil 4.6% 5.9% 6.5% 115.2%
MUR $6.2 Bil 1.3% 10.4% 19.1% 60.9%
BKH $5.9 Bil 1.5% 0.4% 7.7% 27.7%
BOX $5.7 Bil 3.2% 11.2% 24.2% 27.9%

Strong Prices, But How Strong Are The Businesses?

Toro (TTC) trades at 26.9 times trailing earnings, grew revenue 5.2% over the last twelve months and earned an operating margin of 11.2%.

Paylocity (PCTY) trades at 33.7 times trailing earnings, grew revenue 11.0% over the last twelve months and earned an operating margin of 21.8%.

Across the list, one-month moves range from +0.9% for Arcosa (ACA) to +79.4% for Braze (BRZE).

Over the past year, the median name here is up 58.4%.

A new high tells you what the market already believes. The harder question is which of these runs management itself is underwriting. Our Guidance Momentum screen tracks exactly that: stocks where the company raised its own forward numbers.

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.