These 5 High-Growth Small-Cap Stocks Surged More Than 100% In Q1: What’s Next?

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2 years ago

April 15, 2023

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The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust SPY , posted a gain of 6.2% in the first quarter of 2023, while technology stocks in the Nasdaq 100 index, which is tracked by the Invesco QQQ Trust Series 1 QQQ , fared much better by posting a20% increasein the quarter, also marking the third-best quarterly performance since the dot-com boom in 2001.

Which U.S.stocks have performed the best so far in 2023? And what kind of upside potential do they still offer in the following quarters? Is the Wall Street analyst consensus in agreement with current market valuations?

Benzinga answered these questions by screeningstocks having a market valuation of at least $1 billion and ranked them by Q1 total returns. Here's what we discovered.

Read Also:Top 5 Best And Worst U.S. Industry ETFs In Q1 2023: AI and Bank Turmoil Shaped Stock Returns

The Five Top Performing U.S. Stocks in Q1 2023

5) Marathon Digital Holdings, Inc. MARA

Marathon Digital Holdings is a digital asset miningtechnology company with a focus on the blockchain ecosystem and the development of digital assets. The company grew by 143% in the first quarter, owing to a 50% quarterly gain in the overall crypto market value, which increased to 1.15 trillion at the conclusion of the quarter. A short squeeze phenomenon was another factor that most likely led to the company's extraordinary rise. Marathon Digital Holdings was one of the most shorted companies in the marketat the start of the year, with a short interest of 43%. Once sellers were forced to liquidate positions and purchase back stock amid strongprice momentum, the unwinding of those short bets likely exacerbated the bullish surge. By the conclusion of the quarter, short interest in MARA had dropped to 27%. Marathon trades at a discount of 30% versus the average analysts price target. Analyst Gianni Di Poce recently said the company could rise 47% as the shares are undervalued.

4) Oscar HealthIncOSCR

Oscar Health, Inc., formerly known as Mulberry Health Inc., is a health insurance company in the U.S. that created +Oscar, a technology-driven platform meant to help providers and payors directly support their shift to value-based care. Oscar Health rose by 170% in the first quarter of2023. The company skyrocketed in the last days of the quarter on the heels of better-than-expected fourth quarterearnings and the appointment of former Aetna CEO Mark Bertolini. The newly hired CEO believes the firm can provide digital tools to assist doctors and health systems engage with patients and manage their treatment. Oscar Health is trading at a 22% price premium to the average analyst price target.

3) C3.aiIncAI

C3.ai, Inc., formerly known as C3 IoT, Inc., operates as an enterprise artificial intelligence (AI) software company providing a wide range of AI applications. C3.ai delivered a 191% return in the first quarter of 2023. However, the stock still trades 65% lower from its IPO. In February, C3.ai saw an increase in the short interest by market participants to 22%, after the short-seller Spruce Point Capital questioned its profitability. C3.ai is trading at a 40% premium to the average analyst price target.

2) Riot PlatformsIncRIOT

Riot Platform is a bitcoin mining firm that operates in three segments: Bitcoin mining, data center hostingand engineering. The firm also offers co-location services to large-scale bitcoin mining enterprises.

Riot Platforms rose 195% in the first quarter of the year, but continues to be 85% lower than its all-time high reached in February of 2021. The rise in bitcoin prices (up nearly 70% in the first quarter) was one of the key bullish driver for the stock. The short interest is currently around 19% and the stock is broadly in line with the average analyst price target

See the latest analysis on Riot Platform: This Bitcoin-Mining Stock Surged Over 47% In 1 Month: But Options Market Has Something Else To Say

1)Biomea Fusions IncBMEA

Biomea Fusionis a clinical-stage biopharmaceutical firm specializing in the research and development of covalent small molecule medicines for the treatment of patients with genetically defined cancers and metabolic diseases.

BMF-219, an orally bioavailable, powerful, and specific covalent inhibitor, is its primary product candidate for treating patients with liquid and solid tumors, as well as type 2 diabetes.

Biomea Fusions increased 272% in the first quarter of the year. The vast bulk of the performance occurred on the last day ofthe quarter, when the company announced positive data from an ongoing phase II trial, indicating that 89% of patients achieved a HbA1c decrease.

Biomea is selling at a discount to Wall Street analysts' average price target, which is 53% higher than current stock prices.

Read Next:Labor Market Is Cooling: ADP Job Growth Misses Expectations. Here's How Fed Rate Bets And Markets Are Reacting

Photo: Shutterstock

US

Is this the most powerful Trump’s been?

Published

2 hours ago

July 5, 2025

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👉 Follow Trump100 on your podcast app 👈

Donald Trump’s ‘big, beautiful bill’ has passed and he’s due to sign it into law on Independence Day. Mark Stone and David Blevins discuss how the bill will supercharge his presidency, despite its critics.

They also chat Gaza and Ukraine, as Donald Trump meets with freed Israeli-American hostage Edan Alexander and talks to Vladimir Putin.

If you’ve got a question you’d like the Trump100 team to answer, you can email it to trump100@sky.uk.

You can also watch all episodes on our YouTube channel.

UK

Diogo Jota: Liverpool players join mourners as Premier League star and his brother Andre Silva buried in Portugal

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2 hours ago

July 5, 2025

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Diogo Jota: Liverpool players join mourners as Premier League star and his brother Andre Silva buried in Portugal

Liverpool players past and present have joined the family and friends of Diogo Jota and his brother Andre Silva for their funeral in Portugal.

A service was held in the Igreja Matriz de Gondomar church in their hometown of Gondomar near Porto in northern Portugal on Saturday morning.

Mourners lined the streets and some in the crowd clapped as the brothers’ coffins were carried into the church.

The funeral – in pictures

Jota, 28, leaves behind his wife of only 11 days, Rute Cardoso, and three young children.

His younger brother, 25, was an attacking midfielder for Penafiel in the second tier of Portuguese football.

Liverpool manager Arne Slot, captain Virgil Van Dijk and teammates including Andy Robertson, Conor Bradley, Ryan Gravenberch, Cody Gakpo, Curtis Jones, Darwin Nunez and Joe Gomez were seen at the service.

Former teammates Jordan Henderson, James Milner and Fabinho were also there.

Van Dijk carried a red wreath with Jota’s number 20, while Robertson had a wreath featuring number 30, Silva’s number at Penafiel.

Some of Jota’s teammates in the Portuguese national side also attended, including Bruno Fernandes, of Manchester United, Ruben Dias and Bernardo Silva, of Manchester City, Joao Felix and Renato Veiga, of Chelsea, Nelson Semedo, from Wolves, Joao Moutinho and Rui Patricio.

Ruben Neves was one of the pallbearers after flying in from Florida where he played for Al Hilal in the Club World Cup quarter-final on Friday night.

‘More than a friend’

In a post published on Instagram before the service, he told Jota he had been “more than a friend, we’re family, and we won’t stop being that way just because you’ve decided to sign a contract a little further away from us!”

Jota’s fellow Liverpool midfielder, Alexis Mac Allister, said on Instagram: “I can’t believe it. I’ll always remember your smiles, your anger, your intelligence, your camaraderie, and everything that made you a person. It hurts so much; we’ll miss you. Rest in peace, dear Diogo.”

Porto FC president Andre Villas-Boas and Portugal national team manager Roberto Martinez were also in attendance.

‘With us forever’

Speaking after the ceremony, Martinez said the period since their deaths had been “really, really sad days, as you can imagine, but today we showed we are a large, close family.

“Their spirit will be with us forever.”

The service was private, but the words spoken by the Bishop of Porto, Manuel Linda, were broadcast to those standing outside the church.

He told Jota’s children, who were not at the service, that he was praying for them specifically, as well as their mother and grandparents.

“There are no words, but there are feelings,” he said, adding: “We also suffer a lot and we are with you emotionally.”

The brothers died after a Lamborghini they were travelling in burst into flames following a suspected tyre blowout in the early hours of Thursday morning.

No other vehicles are said to have been involved in the incident.

Liverpool have delayed the return of their players for pre-season following Jota’s death and players past and present paid tribute to him and his brother on social media.

Flowers have been left outside Anfield, where flags have been lowered to half-mast and all club shops, museums and tours have been closed until Monday.

Technology

Inside a Utah desert facility preparing humans for life on Mars

Published

4 hours ago

July 5, 2025

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Inside a Utah desert facility preparing humans for life on Mars

Hidden among the majestic canyons of the Utah desert, about 7 miles from the nearest town, is a small research facility meant to prepare humans for life on Mars.

The Mars Society, a nonprofit organization that runs the Mars Desert Research Station, or MDRS, invited CNBC to shadow one of its analog crews on a recent mission.

“MDRS is the best analog astronaut environment,” said Urban Koi, who served as health and safety officer for Crew 315. “The terrain is extremely similar to the Mars terrain and the protocols, research, science and engineering that occurs here is very similar to what we would do if we were to travel to Mars.”

SpaceX CEO and Mars advocate Elon Musk has said his company can get humans to Mars as early as 2029.

The 5-person Crew 315 spent two weeks living at the research station following the same procedures that they would on Mars.

David Laude, who served as the crew’s commander, described a typical day.

“So we all gather around by 7 a.m. around a common table in the upper deck and we have breakfast,” he said. “Around 8:00 we have our first meeting of the day where we plan out the day. And then in the morning, we usually have an EVA of two or three people and usually another one in the afternoon.”

An EVA refers to extravehicular activity. In NASA speak, EVAs refer to spacewalks, when astronauts leave the pressurized space station and must wear spacesuits to survive in space.

“I think the most challenging thing about these analog missions is just getting into a rhythm. … Although here the risk is lower, on Mars performing those daily tasks are what keeps us alive,” said Michael Andrews, the engineer for Crew 315.

Watch the video to find out more.