Micro-Cap Stocks On Radar: TUP, GRPN, HRTX, RGTI, AVRO
The stock market offers a plethora of options to investors to make solid returns and it requires considerable research to discover the right ones. There are several categories of stock one could look into and one of those is the micro-cap stocks category. Here is a quick look into five micro-cap stocks that you could consider taking a look into at this point.
Tupperware Brands Corporation (NYSE:TUP) – After a consistent sell-off in the past year, the stock has been rebounding over the past week with a jump of a whopping 196%. On Wednesday, the stock surged 43% on hefty volume. However, the stock is still down 53% so far this year.
Tupperware Brands is one of the leading consumer products companies which is involved in manufacturing functional, environmentally responsible and functional products that are popular globally. The company, which had been established in 1946, is best known for its iconic container which helped create the food storage category of products.
That helped in revolutionizing the way people store, prepare and serve food. On June 7 the company announced that it had received a notice from the New York Stock Exchange stating that it was not in compliance with Sections 802.01B and 802.01C of the listings manual of the exchange.
The average global market capitalization of Tupperware Brands Corporation had fallen below $50 million for 30 consecutive trading days and during the same period, the average closing price of its shares had been below $1. The company had been given a 45-day period within which it could submit a business plan regarding the actions it would take to regain compliance. It had no immediate impact on the listing of the stock.
Groupon Inc (NASDAQ:GRPN) – stock resumed an uptrend on Wednesday after a brief pause and soared 16.24% to close at $7.98. The stock is now up 43% in the past month. However, the stock is still down 24% over the past year.
The company operates through a range of subsidiaries and is involved in managing a marketplace that connects consumers to merchants. The company has two business segments, one is focused on North America, and the other on the global marketplace. Groupon is mainly involved in selling products on behalf of third party merchants and also maintains an inventory of first-party goods. The company’s platform can be accessed through a mobile app and also through a website.
The company had been incorporated in 2008 and is based out of Chicago, Illinois. The company announced on July 7 that it had appointed a new independent director to its board of directors in the form of Jason Harinstein. He would be a part of the Audit Committee of the board. Currently, Harinstein is the Chief Executive Officer of Collectors Holdings Inc. The chairman of the Groupon board Ted Leonsis noted that everyone at the company was pleased with having Harinstein on board.
Heron Therapeutics Inc (NASDAQ:HRTX) – The commercial-stage biotech company is involved in improving the lives of patients through the development of the best-in-class treatments to take care of unmet needs. The company not only has an innovative approach but is also known for its advanced scientific methods and patented technologies. That allowed Heron Therapeutics Inc to discover and develop drugs that have added to its portfolio of commercialized products.
On July 24 the company announced that it was going to embark on a corporate restructuring and a cost reduction plan. The strategic moves are expected to result in cash savings to the tune of $75 million up until 2025 and that would also include operational savings of $45 million. The chairman of the company’s board Adam Morgan noted that the moves had been decided after the completion of a recent internal review of the operations.
HRTX stock resumed an uptrend on Wednesday after a brief pause and went up about 9% to close at $1.65. The stock is now up 39% in the past month. However, the stock is still down 42% over the past year.
Rigetti Computing Inc (NASDAQ:RGTI) – The company is a pioneering player in the full-stack quantum computing space. Rigetti Computing Inc has operated quantum computers over the cloud since 2017 and provides its services to governments, researchers and enterprise clients by way of the Rigetti Quantum Cloud Services platform. The company offers a proprietary quantum classical infrastructure that provides high-performance integration through private and public clouds.
Yesterday, the company was in sharp focus after it announced that t had inked a collaboration agreement with the Abu Dhabi-based institute ADIA Lab. The institute is involved in basic and applied research in the fields of computational and data sciences. The two entities would collaborate to execute, design, build, and optimize a quantum computing solution. The solution would aim to address the probability distribution classification problem, which is regarded as one of the biggest challenges in quantitative finance.
RGTI stock has outperformed the broader market in the past month with a jump of 82% and 170% so far this year. However, the stock is still down 53% in the past year.
AVROBIO Inc (NASDAQ:AVRO) stock has surged over 68% in the past month and 99% so far this year.
The clinical-stage gene therapy company is involved in the development of ex vivo lentiviral-based gene therapies. The therapies are meant for the treatment of rare diseases worldwide through a single dose.
On July 12 AVROBIO Inc announced that it had completed a review of its business, which included the situation with its capabilities, resources, and programs. The company announced at the time that it had decided to stop the further development of its programs. Instead, the company noted that it was going to start working on the exploration of strategic alternatives that could help in boosting value for its shareholders.