Three small-cap stocks to take note of

February 08, 2021 03:30 AM EST | By Team Kalkine Media
 Three small-cap stocks to take note of

Source:bangoland, Shutterstock

2020 was a rollercoaster ride for investors and market players alike. The broad-based S&P500 witnessed a rapid shift towards bearish sentiment. However, the index recouped in no time, on the back of tech stocks that went skyrocketing. However, amid the mending market, many investors started shifting their interest towards small cap companies with high growth potential.

Small-cap stocks have market caps between US$300 million and US$2 billion. These stocks offer a substantial scope if you tap into their hidden potential. 

On that note, let us explore these three small-cap stocks and see how they have performed recently.  

BJs Wholesale Club Holdings Inc (NYSE:BJ)

BJ’s Wholesale Club is a leading warehouse club operator headquartered in Westborough, Massachusetts. The company offers a considerable amount of savings to its consumers compared to its competitors. It has 221 clubs and 150 gas stations in 17 states. In November 2020, the company reported its financial results for the thirteen and thirty-nine weeks ended October 31, 2020. BJ’s said in the release that its third quarter was a remarkable period with strong growth. 

Source: © Jomiamke4444 | Megapixl.com

It also witnessed market share gains and recorded profit during the period. The retail brand reported compatible club sales growing 18.5%, which included sales conducted through digital platforms. Regarding outlook, BJ’s is confident of thriving in the face of a changing environment where consumers are moving to online shopping. 

BJs Wholesale Club Holdings Inc (NYSE:BJ) share price last traded at US$43.00, an increase of 0.33%, as of February 12 at 4:00 PM EST. 

Nevro Corp. (NYSE:NVRO)

Nevro is a global medical device company based out of Redwood City, California. The company offers innovative, evidence-based healthcare solutions for chronic pains. In January 2020, Nevro announced unaudited financial results for the fourth quarter and full-year period ended December 31, 2020. 

For the fourth quarter, its global revenue is expected to be US$109.7 million, and the US revenue is pegged at US$94.6 million. The company noted trial procedures in the US were down about 8% during the Q4. Nevro’s full-year global revenue is expected to reach US$362.0 million, and the US revenue is expected to stand at US$311.9 million. 

Source: © Andreistanescu | Megapixl.com

The medtech company continued serving its customers and patients in 2020, despite significant challenges because of the coronavirus pandemic. Especially in the second half of the Q4, the pandemic negatively affected its trial and permanent implant activities. Nevro’s management believes that it is well-positioned for 2021 and would deliver attractive growth. 

Nevro Corp. (NYSE:NVRO) share price last traded at 182.18, up 0.23% as of February 12 at 4:00 PM EST.

PDC Energy, Inc. (NASDAQ:PDCE)

This independent American exploration and production company is based out of Denver, Colorado. PDC Energy has its various activities in Colorado and West Texas operating sites producing oil and natural gas. In November 2020, the company reported its third quarter operating and financial results. The energy stock reported net cash from operating activities of about US$280 million. Oil and gas capital investments reached approximately US$35 million for the Q3.

Source: © Alek0505 | Megapixl.com

Management noted that despite the uncertain environment, PDC Energy remained focused and executed its activities. Furthermore, its free cash flow generation ability speaks volumes about the company’s robust operations. The company has also lowered its debt during the third quarter. 

PDC Energy, Inc. (NASDAQ:PDCE) share price last traded at 28.60, up 2.82% as of February 12 at 4:00 PM EST. 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.