Small Cap Market Update: Shoals Technologies Group Leads, Inhibrx Inc. Lags Behind

Sep 03 2024 01:02 PM IST

The small cap segment of the stock market is currently experiencing a shift, with Shoals Technologies Group, Inc. being the top performer with a return of 15.58%, while Inhibrx, Inc. has seen a decline of -52.36%. The advance decline ratio is currently at 0.15x, indicating a preference for declining stocks. However, some stocks in this segment have recently seen a change in their technical call, potentially signaling positive momentum and higher returns. Investors should closely monitor these stocks and stay informed in order to make wise investment decisions. It is always recommended to do thorough research and seek professional advice before investing.

The stock market is constantly evolving and today, the small cap segment is taking the lead. With a return of 15.58%, Shoals Technologies Group, Inc. is the best performer in this segment. On the other hand, Inhibrx, Inc. has seen a decline of -52.36%, making it the worst performer.

The advance decline ratio in this small cap market is currently at 0.15x, with 98 stocks advancing and 656 stocks declining. This indicates that the market is currently favoring the declining stocks.

However, there are some stocks in this segment that have recently seen a change in their technical call. AZZ, Inc., SITE Centers Corp., Neogen Corp., Nordstrom, Inc., and The St. Joe Co. have all shifted from a mildly bullish stance to a bullish one. This could be a sign of positive momentum for these stocks and could potentially lead to higher returns.

Investors should keep a close eye on these stocks as they could be potential winners in the small cap market. With the market constantly changing, it is important to stay updated and make informed decisions when it comes to investing. As always, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.

{{stock_short.stock.price_difference.value}} ({{stock_short.stock.price_percentage.value}}%)

{{ stock_short.product_icon_list.length-1 }} More

WHY IT'S
{{stock_short.dot_summary.scoreText}}

MOJO SCORE

{{stock_short.stock.price_difference.value}} ({{stock_short.stock.price_percentage.value}}%)

{{ra.stock_return.chgp}}%

{{ra.sensex_return.chgp}}%

Change%

Figures in Rs cr

Mojo Parameters

Quality: {{stock_short.dashboard.dotsummary.q_txt}}

Valuation: {{stock_short.dashboard.dotsummary.v_txt}}

Quarterly Financial Trend: {{stock_short.dashboard.dotsummary.f_txt}}

Technicals: {{stock_short.dashboard.dotsummary.tech_txt}}

Stock Info

Market Cap: {{stock_short.stock_data[1]['value']}}

Sector:{{stock_short.stock_data[0]['value']}}

52 w H/L (Rs.):{{stock_short.dashboard.priceinfo['52wk_high']}}/{{stock_short.dashboard.priceinfo['52wk_low']}}