Promising Small Cap Stocks To Follow Now – March 24th

MicroAlgo, Playa Hotels & Resorts, and Brown-Forman are the three Small Cap stocks to watch today, according to MarketBeat’s stock screener tool. Small cap stocks are shares of companies with relatively small market capitalizations, typically ranging between $300 million and $2 billion. These stocks are often associated with higher growth potential but also come with increased volatility and risk compared to their mid or large cap counterparts. These companies had the highest dollar trading volume of any Small Cap stocks within the last several days.

MicroAlgo (MLGO)

MicroAlgo Inc. develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.

NASDAQ:MLGO traded up $7.76 during midday trading on Monday, hitting $10.28. 260,194,667 shares of the company traded hands, compared to its average volume of 5,551,982. The firm’s fifty day moving average is $2.61 and its 200-day moving average is $3.66. MicroAlgo has a 12-month low of $1.11 and a 12-month high of $509.60.

Playa Hotels & Resorts (PLYA)

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.

Shares of PLYA traded down $0.03 during midday trading on Monday, hitting $13.31. The stock had a trading volume of 25,389,746 shares, compared to its average volume of 1,541,608. The stock’s 50 day moving average is $13.00 and its 200 day moving average is $10.68. The firm has a market cap of $1.64 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.40.

Brown-Forman (BF-B)

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, vodkas, tequilas, gin, brandy, rum, bourbons, and liqueurs.

NYSE:BF-B traded down $0.27 during mid-day trading on Monday, hitting $34.65. 8,046,096 shares of the stock traded hands. The stock has a 50 day moving average price of $33.36 and a 200 day moving average price of $40.21.