Mid Cap Stocks To Watch Today - November 5th

Key Points

• MarketBeat highlighted seven high-dollar-volume mid-cap securities: ProShares UltraPro Short QQQ (SQQQ), IREN, Applied Optoelectronics, TeraWulf, Applied Digital, AXT and American Airlines.
• Trading was broadly lower Thursday: The six operating companies listed fell, with Applied Optoelectronics down $10.11 to $49.16 and AXT down $8.78 to $38.76; SQQQ, an ETF designed to deliver three times the inverse of the Nasdaq-100’s daily return, rose $6.38 to $47.94.
• The stocks span areas including bitcoin mining, data centers, optical and semiconductor products, and air travel; several showed high volatility, with reported betas from 1.45 for American Airlines to 5.58 for Applied Digital.

ProShares UltraPro Short QQQ, IREN, Applied Optoelectronics, TeraWulf, Applied Digital, AXT, and American Airlines Group are the seven Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid-cap stocks are shares of companies with market values between those typically classified as small-cap and large-cap, though the exact ranges vary by index or market convention. Investors may see them as offering more growth potential than large-cap stocks, but they can also be more volatile and less established. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

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 up $6.38 during trading on Thursday, reaching $47.94. The company had a trading volume of 87,878,408 shares, compared to its average volume of 55,784,945. ProShares UltraPro Short QQQ has a 52 week low of $31.42 and a 52 week high of $90.71. The firm's 50-day simple moving average is $37.13 and its 200 day simple moving average is $49.90.

Read Our Latest Research Report on SQQQ

IREN (IREN)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Shares of IREN stock traded down $2.92 during trading hours on Thursday, reaching $18.80. 83,394,705 shares of the company traded hands, compared to its average volume of 44,031,055. IREN has a 12-month low of $17.16 and a 12-month high of $75.79. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. The company has a market cap of $7.41 billion, a P/E ratio of -8.16 and a beta of 4.33. The firm has a 50-day moving average price of $36.68 and a 200 day moving average price of $43.96.

Read Our Latest Research Report on IREN

Applied Optoelectronics (AAOI)

Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.

Shares of AAOI traded down $10.11 during mid-day trading on Thursday, reaching $49.16. The stock had a trading volume of 17,777,645 shares, compared to its average volume of 10,518,680. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of -63.30 and a beta of 4.04. Applied Optoelectronics has a 12 month low of $18.50 and a 12 month high of $233.67. The business has a fifty day moving average of $95.56 and a 200 day moving average of $113.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.13 and a current ratio of 2.78.

Read Our Latest Research Report on AAOI

TeraWulf (WULF)

Shares of WULF stock traded down $1.25 on Thursday, hitting $10.45. 65,306,302 shares of the stock traded hands, compared to its average volume of 32,850,641. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of -2.41 and a beta of 4.00. TeraWulf has a 52 week low of $9.51 and a 52 week high of $29.84. The firm has a 50 day simple moving average of $14.43 and a two-hundred day simple moving average of $17.97. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75.

Read Our Latest Research Report on WULF

Applied Digital (APLD)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

Applied Digital stock traded down $2.10 during mid-day trading on Thursday, hitting $14.51. The stock had a trading volume of 37,677,172 shares, compared to its average volume of 23,275,750. The firm has a market capitalization of $4.39 billion, a P/E ratio of -8.95 and a beta of 5.58. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 3.90. The firm's 50 day moving average is $23.41 and its 200 day moving average is $31.06. Applied Digital has a one year low of $13.11 and a one year high of $50.72.

Read Our Latest Research Report on APLD

AXT (AXTI)

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.

NASDAQ AXTI traded down $8.78 during trading hours on Thursday, reaching $38.76. The company's stock had a trading volume of 13,800,056 shares, compared to its average volume of 10,218,571. The firm's 50-day moving average price is $65.13 and its 200-day moving average price is $64.46. AXT has a 1 year low of $7.81 and a 1 year high of $143.16. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 86.77 and a beta of 2.01.

Read Our Latest Research Report on AXTI

American Airlines Group (AAL)

American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

NASDAQ AAL traded down $0.67 on Thursday, reaching $12.96. The company had a trading volume of 40,950,791 shares, compared to its average volume of 76,858,328. The stock has a market capitalization of $8.59 billion, a PE ratio of -17.69 and a beta of 1.45. American Airlines Group has a 12 month low of $10.09 and a 12 month high of $18.79. The firm's 50 day moving average price is $12.91 and its 200 day moving average price is $13.53.

Read Our Latest Research Report on AAL

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