Mid Cap Stocks To Add to Your Watchlist – May 16th

Direxion Daily TSLA Bull 2X Shares, ProShares UltraPro Short QQQ, D-Wave Quantum, Globant, Archer Aviation, Doximity, and Rigetti Computing are the seven Mid Cap stocks to watch today, according to MarketBeat’s stock screener tool. Mid-cap stocks are shares of companies whose market capitalizations generally fall between about $2 billion and $10 billion, though specific thresholds can vary by index provider. They often combine the growth potential of smaller firms with greater stability than small-caps, sitting between the higher volatility of small-cap stocks and the established nature of large-cap companies. As a result, mid­caps are popular for investors seeking moderate risk and return. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

Direxion Daily TSLA Bull 2X Shares (TSLL)

Direxion Daily TSLA Bull 2X Shares stock traded up $0.50 during mid-day trading on Friday, hitting $15.32. The company’s stock had a trading volume of 170,084,618 shares, compared to its average volume of 94,180,639. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 60.69 and a beta of 2.63. The business has a 50 day moving average price of $9.58 and a 200-day moving average price of $18.31. Direxion Daily TSLA Bull 2X Shares has a 12 month low of $6.29 and a 12 month high of $41.50.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

ProShares UltraPro Short QQQ stock traded down $0.22 during mid-day trading on Friday, hitting $23.43. The company’s stock had a trading volume of 60,436,150 shares, compared to its average volume of 54,305,262. The business has a 50 day moving average price of $35.57 and a 200-day moving average price of $32.47. ProShares UltraPro Short QQQ has a 12 month low of $23.30 and a 12 month high of $57.95.

D-Wave Quantum (QBTS)

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.

D-Wave Quantum stock traded up $1.11 during mid-day trading on Friday, hitting $12.14. The company’s stock had a trading volume of 97,262,787 shares, compared to its average volume of 37,987,042. The business has a 50 day moving average price of $7.86 and a 200-day moving average price of $6.05. D-Wave Quantum has a 12 month low of $0.75 and a 12 month high of $12.62. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -28.92 and a beta of 0.90.

Globant (GLOB)

Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

Shares of GLOB stock traded down $31.26 during mid-day trading on Friday, reaching $101.58. The stock had a trading volume of 9,144,681 shares, compared to its average volume of 663,386. The stock’s 50-day moving average price is $119.37 and its two-hundred day moving average price is $178.25. Globant has a 52-week low of $89.13 and a 52-week high of $238.32. The firm has a market capitalization of $4.47 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37.

Archer Aviation (ACHR)

Shares of NYSE ACHR traded up $1.03 during midday trading on Friday, hitting $13.22. 62,022,638 shares of the company traded hands, compared to its average volume of 22,490,563. Archer Aviation has a 12-month low of $2.82 and a 12-month high of $14.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03. The stock has a 50-day moving average price of $8.03 and a 200 day moving average price of $8.04. The firm has a market cap of $7.17 billion, a P/E ratio of -10.04 and a beta of 3.13.

Doximity (DOCS)

Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.

Shares of NASDAQ DOCS traded down $6.15 during midday trading on Friday, hitting $52.30. 14,740,580 shares of the company traded hands, compared to its average volume of 2,105,986. Doximity has a 12-month low of $23.52 and a 12-month high of $85.21. The stock has a 50-day moving average price of $57.58 and a 200 day moving average price of $57.65. The firm has a market cap of $9.76 billion, a P/E ratio of 52.15, a P/E/G ratio of 4.10 and a beta of 1.41.

Rigetti Computing (RGTI)

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

Shares of NASDAQ RGTI traded up $0.21 during midday trading on Friday, hitting $11.75. 58,525,500 shares of the company traded hands, compared to its average volume of 52,021,437. Rigetti Computing has a 12-month low of $0.66 and a 12-month high of $21.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.84 and a current ratio of 4.84. The stock has a 50-day moving average price of $9.21 and a 200 day moving average price of $8.73. The firm has a market cap of $3.36 billion, a P/E ratio of -30.96 and a beta of 1.41.