10 best mid-cap stocks to explore

Summary

  • Sunrun earned revenue of US$334.79 million in Q1, an increase of 59% YoY.
  • Sprout Social’s March-quarter revenue rose from US$30.5 million to US$40.8 million YoY.
  • The share price of Macerich grew by 92% in the past one year.

Mid-cap stocks are companies that have a market capitalization of around US$2 billion to US$10 billion. Mid-cap stocks typically possess considerable business experience and growth potential. They can be volatile at times.

We explore here are ten mid-cap stocks in the market.

 Cassava Sciences, Inc. (NASDAQ: SAVA)

Cassava is a biotechnology company headquartered in Texas. It develops medicinal and therapeutic products for diseases like Alzheimer. It is currently developing two new drugs, Simufilam and SavaDx, for detecting and treating Alzheimer, respectively.     

It is yet to generate revenue from product sales. In Q1 of 2021, it registered losses of US$3.56 million due to cost incurred in research, development activities, salaries, etc. Its liquidity reserves were US$282.2 million during the period.

The company said it has sufficient cash to run its operations for several years. It hopes to see cash flows from the sale of Simufilam after it gets approval from FDA.

Its share price rose 2,952% over the past year. Its closing price on June 16 was US$78.6.

Sunrun Inc. (NASDAQ: RUN)

The company sells solar energy panels and accessories, and it also helps clients to install them.

It earned revenue of US$334.79 million in Q1, an increase of 59% YoY. It booked a net loss attributable to common shareholders of US$23.79 million, down 15% YoY.

In May, Sunrun announced its partnership with Ford Motor Co to set up charging stations.

Its share price rose 147% since June 2020. Its closing price on June 17 was US$52.16.

Rambus Inc. (NASDAQ: RMBS)

It manufactures semiconductors and supplies them globally. It has been in operation for the past 30 years. Its products include silicon IP and memory chips.

Its Q1 revenue rose from US$65.78 to US$70.38 million YoY.

Losses declined by 60% YoY to US$2.6 million.

On June 16, it announced to acquire IP solutions provider PLDA. It also plans to repurchase around US$100 million worth of common stocks in the next six months.

Its share price grew around 43% in one year. It closed at US$22.25 on June 17.

 

Source: Pixabay


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Maxar Technologies Inc. (NYSE: MAXR)

The company provides broadband communication and space use services. It is based in Colorado and helps clients, including government agencies, monitor and navigate the earth. Its market cap is around US$2.87 billion.

In Q1, its revenue rose from US$381 million to US$392 million YoY and net loss from US$48 million to US$84 million YoY.

The stock rose around 157% in the past year. Its closing price on June 17 was US$39.99.

Sprout Social, Inc. (NASDAQ: SPT)

It develops cloud-based software. SPT has tens and thousands of customers across the globe.

Its March quarter revenue rose from US$30.5 million to US$40.8 million YoY. It booked a net loss of US$6.37 million compared to US$10.48 million in the corresponding period of 2020.

The stock price rose 207% in the past year. It closed at US$85.94 on June 17.

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Federated Hermes, Inc. (NYSE: FHI)

It is an asset management company and serves institutional and individual customers.

Revenue for the quarter ended March 31, 2021, was US$341.2 million, down 5%, compared to the figures in the corresponding period of the previous year. Net income reported for the quarter was US$74.5 million, up 16%, compared to the same quarter in 2020.

Its share price rose 42% in the past year. It closed at US$33.44 on June 17.


Macerich Company (NYSE: MAC)

It is a commercial property developer. It also rents out shopping malls. This S&P 500 company owns or owned more than 50 shopping centers as of March 31, 2021.

Its Q1 revenue was US$190.4 million. Net loss attributable to the company for this quarter was US$63.6 million compared to net income of US$7.5 million attributable to the company in the quarter ended March 31, 2020.

The share price grew by 92% in one year. It closed at US$17.2 on June 17.

Yelp Inc. (NYSE: YELP)

It develops mobile applications and web-based platforms to connect business with consumers.

Its March-quarter revenue declined from US$249.9 million to US$232.1 million YoY.

The net loss reported for this quarter was US$5.80 million compared to a net loss of US$15.5 million in the same quarter of the previous year. Its share price rose 67% in the past year. On June 17, it closed at US$ 40.88.

Source: Pixabay


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New Relic, Inc. (NYSE: NEWR)

It develops IT platforms for companies to plan, build, and operate the software.

Revenue reported for the quarter ended March 31, 2021, was US$172.7 million. It logged a net loss of US$61.68 million for the quarter.

Its share price grew nearly 3% in the past year. Its closing price on June 17 was US$71.64.

BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX)

It is a biotechnology company and develops treatment for rare diseases.

Its revenue for the quarter ended March 31, 2021, & 2020 was US$19.06 million and US$4.82 million, respectively. It booked a net loss applicable to common shareholder was US$64.28 million compared to US$37.60 in the corresponding period of 2020.

Its share price rose 293% in the past year. It closed at US$16.36 on June 17.

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