The fourth quarter of 2022 has been relatively strong for the stock market, with the S&P 500 up more than 7% (the only positive quarterly return of the year). Similarly, the small-cap (Russell 2000 Index) ended the fourth quarter with his 6.2% return, but it wasn’t enough to save the index from his worst annual performance since 2008. Small cap performance in Q4 2022.
The 5 Best Small Cap Stocks in Q4 2022
We pulled December return data for small caps from finviz.com and ranked the top 5 and worst performers for small caps in Q4 2022.
Hedge fund letters, conferences and more in Q4 2022
Gates Capital Management mitigates risk after rare down year [Exclusive]
Gates Capital Management’s ECF Value Fund has an impressive track record. A fund that invests in event-driven equity and credit strategies (full name Excess Cash Flow Value Fund) has delivered an annualized return of 12.6% over the last 26 years. The fund overall grew 7.7% in the second half of 2022, beating Read More’s 3.4% return.
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Rayonier Advanced Materials (205%)
Founded in 1926 and headquartered in Jacksonville, Florida, the company markets cellulose products used in cell phones, computer screens, filters and pharmaceuticals. Shares of Rayonier Advanced Materials Inc (NYSE: RYAM) are down more than 36% year-to-date, giving him a 12-month return of just over 1%.
As of this writing, Rayonia Advanced Materials stock is trading at around $6.10 over a 52-week period, ranging from $2.44 to $9.84, giving the company a market capitalization of over $383 million.
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Viking Therapeutics (246%)
Founded in 2012 and headquartered in San Diego, California, the company develops new treatments for patients suffering from metabolic and endocrine disorders. Viking Therapeutics Inc (NASDAQ: VKTX) stock has fallen more than 9% year-to-date, giving him a 12-month return of more than 142%.
At the time of this writing, Viking Therapeutics stock is trading at about $8.60 over a 52-week period, ranging from $2.02 to $9.62, giving the company a market capitalization of over $660 million.
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Summit Therapeutics (257%)
Founded in 2003 and headquartered in Abingdon, UK, the company discovers, develops and markets antibiotic medicines. Shares of Summit Therapeutics Inc (NASDAQ:SMMT) are down almost 13% year-to-date and have returned more than 85% over the 12 months.
At the time of this writing, Summit Therapeutics shares are trading at around $3.70 over a 52-week period, ranging from $0.66 to $5.78, giving the company a market capitalization of over $835 million.
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PDS Biotechnology (344%)
Founded in 2019 and headquartered in Princeton, New Jersey, the company develops clinical-stage immunotherapies to treat early and late stage cancers. PDS Biotechnology Corp (NASDAQ: PDSB) stock is down more than 27% year-to-date, giving him a 101%-plus return over the 12 months.
At the time of this writing, PDS Biotech shares are trading at around $9.40 in a 52-week range between $2.89 and $13.65, giving the company a market capitalization of over $267 million.
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Nine Energy Service (450%)
Founded in 2011 and headquartered in Houston, Texas, the company provides complete services focused on unconventional oil and gas resource development. Nine Energy Services (NYSE: NINE) shares are down more than 8% year-to-date, and his 12-month return is more than 980%.
At the time of this writing, Nine Energy Service shares are trading at around $13.50 in the 52-week range between $1.04 and $17.10, giving the company a market capitalization of over $413 million.
5 Worst Small Cap Stocks in Q4 2022
Here are the five worst-performing small-cap stocks in Q4 2022.
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Calvana (-77%)
A used car e-commerce platform founded in 2012 and headquartered in Tempe, Arizona. Carvana Co (NYSE:CVNA) shares are up almost 36% year-to-date, with a 12-month return of -95%.
At the time of this writing, Carvana shares have traded above $6.60 in a 52-week range between $3.55 and $167.00, giving the company a market capitalization of over $1.2 billion.
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Silvergate Capital (-77%)
Founded in 1988 and headquartered in La Jolla, California, the company provides banking and lending services. Shares of Silvergate Capital Corp (NYSE:SI) are down almost 17% year-to-date and have returned -84% over the 12 months.
At the time of this writing, Silvergate Capital shares have traded at about $14.80 over a 52-week period, ranging from $10.81 to $162.65, giving the company a market capitalization of over $451 million.
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TuSimple Holdings (-78%)
Founded in 2015 and headquartered in San Diego, the company develops self-driving technology for semi-trucks. Shares of Tusimple Holdings Inc (NASDAQ:TSP) are up more than 21% year-to-date, giving him a -87% 12-month return.
As of this writing, TuSimple Holdings shares are trading at around $1.90, with a 52-week range of $1.2300 to $20.2799, giving the company a market capitalization of over $440 million.
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Kano’s health (-84%)
Founded in 2009 and headquartered in Miami, Florida, the company operates primary care centers and supports related medical practices. Cano Health Inc’s (NYSE: CANO) stock has fallen more than 10% year-to-date, giving it a -76% 12-month return.
At the time of this writing, Cano Health’s shares are trading at around $1.20 in the 52-week range of $0.9801 to $9.7500, giving the company a market capitalization of over $580 million.
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Hall of Fame Resorts & Entertainment (-97%)
Founded in 2015 and headquartered in Canton, Ohio, the company harnesses the power and popularity of professional football players. Hall of Fame Resort & Entertainment Co (NASDAQ:HOFV) shares are up more than 72% year-to-date and have returned -41% over the 12 months.
As of this writing, Hall of Fame Resort & Entertainment stock is trading at about $13.80, with a 52-week range of $7.36 to $28.37, giving the company a market capitalization of over $81 million. increase.
