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Can Small Cap Biotech Stocks Continue to Run?
Momentum is still strong for most SMID biotech stocks.
Innovation driving market gains with some unique molecules and technologies. e.g. Obesity drugs
A bit of rotation as money trickles out of “Magnificent Seven” and IT stocks?
Over the past 4 weeks, we have seen a nice run in small-cap, speculative biotech stocks. This coincided with the pause in interest rates and expectations of the seasonal year-end rally. Large cap biopharma stocks have had slower gains but deals are beginning to perk up as opportunities arise. We have tracked this trend with the equal-weighted and the model is intact. Here is a partial list of SMID stocks that we expected to participate in this trading rally. We would hope that some of these stocks would become long term winners in your portfolio. Some of the strongest interest has been shown in specific therapeutic areas; gene editing, CRISPR, ophthalmology, oncology and. neuroscience. But most SMID stocks are 15-20% up from their October lows. Most of these stocks are well known to biotech insiders and traders and hence show strong momentum.Here is our updated list with recent prices shown in last column over past 4 weeks:Final prices updated at end of week.
| |
|
P 1/20/23 |
% Perf |
2/4/23 |
|
11/18/23 |
Perf |
|
|
12/4/23 |
|
| Company |
Ticker |
$ |
|
P |
% week |
P |
4 wks |
YTD % |
REC |
P |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Acumen Therapy |
ABOS |
|
|
5.29 |
|
2.28 |
-40.62 |
-57.78 |
1.5 |
2.69 |
|
| Caribou Biosci |
CRBU |
NEW |
|
|
20.55 |
5.22 |
20.55 |
-16.88 |
1.8 |
5.81 |
|
| CRSPR Therap |
CRSP |
49.61 |
-25 |
55.27 |
4.72 |
67.89 |
55.5 |
67.01 |
2.3 |
71.51 |
|
| Cryoport |
CYRX |
21.75 |
-42.34 |
25.24 |
9.41 |
13.62 |
8.35 |
-21.5 |
2.3 |
15.64 |
|
| Evolent Health |
EVH |
30.83 |
13.74 |
31.96 |
2.21 |
29.33 |
3.71 |
4.45 |
1.7 |
29.34 |
|
| Geron |
GERN |
3.19 |
9.24 |
3.22 |
3.59 |
1.97 |
6.49 |
-18.6 |
1.5 |
1.86 |
|
| Hologic |
HOLX |
79.66 |
22.41 |
84.68 |
2.28 |
71.87 |
4.16 |
-3.93 |
2.4 |
70.58 |
|
| Immatics |
IMTX |
NEW |
|
9.3 |
|
8.68 |
-13.11 |
-0.34 |
1.5 |
9.19 |
|
| Pacific Biosci |
PACB |
11.29 |
55.68 |
11.58 |
-1.7 |
8.4 |
2.31 |
2.69 |
2.2 |
8.92 |
|
| Quidel/Ortho |
QDEL |
88.13 |
-11.56 |
89.7 |
3.93 |
66.25 |
-4.46 |
-22.67 |
2 |
68.74 |
|
| Supernus |
SUPN |
40.3 |
12.3 |
41.61 |
2.29 |
27.43 |
5.7 |
-23 |
2 |
28.11 |
|
| Twist Biosci |
TWST |
NEW |
|
|
|
|
|
|
2.2 |
25.59 |
|
| 10x Genomics |
TXG |
NEW |
|
47.84 |
|
42.17 |
0.76 |
15.72 |
2.3 |
46.29 |
|
| Vericel |
VCEL |
NEW |
|
31 |
|
36.58 |
2.55 |
38.88 |
1.5 |
36.02 |
|
| Veracyte |
VCYT |
24.89 |
39.43 |
26.67 |
2.46 |
25.25 |
17.33 |
6.41 |
2.1 |
26.07 |
|
| |
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|
|
|
|
|
|
|
|
| SPDR Biotech |
XBI |
86.99 |
14.75 |
90.39 |
1.12 |
71.66 |
3.36 |
-12.46 |
n/a |
79.15 |
|
| |
|
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|
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|
|
|
|
| wildcard |
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| ArkGenomics |
ARKG |
NEW |
|
35.28 |
|
27.57 |
7.07 |
-2.34 |
|
29.19 |
|
| |
|
|
|
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| |
|
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|
|
|
11/18/23 |
|
|
5 yr |
|
|
| iShares CoreS&P |
IJR |
|
|
|
|
96.18 |
2.4 |
1.63 |
21.58 |
100.34 |
|
| iShares Russell |
IWM |
|
|
|
|
178.29 |
1.91 |
2.25 |
17.34 |
186.88 |
|
| iShares BIO |
IBB |
|
|
|
|
118.1 |
-3.31 |
-10 |
12.42 |
123.69 |
|
| NASDAQ-100 |
QQQ |
|
|
|
|
386.04 |
4.85 |
45 |
35.54 |
386.32 |
|
| HealthcareSPDR |
XLV |
|
|
|
|
128.25 |
-2.09 |
-5.59 |
39.34 |
132.08 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| T.RowePrice |
PRHSX |
|
|
|
|
85.22 |
-2.08 |
-5.12 |
9.95 |
88..01 |
|
| iShares MED Dev |
IHI |
|
|
|
|
48.67 |
5.41 |
|
38.17 |
50.80 |
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