Top 9 Small Cap Stocks to Buy & Hold In June 2023

Small Cap Stocks to Buy

Are you looking for small cap stocks to buy & hold in June 2023 then you have come to the right place? On the other hand, to make things easier for you we manage to add all the necessary information that will help you in choosing your stocks which will eventually make you profit. 

In this post, we discuss the top 9 small cap stocks to buy that you can hold in June 2023. So, without further ado let’s get started with small cap stocks to buy!

What Are Small Cap Stocks?

Small cap stocks refer to stocks of smaller, typically less established companies with a market capitalization (market cap) ranging from $300 million to $2 billion. These companies are considered riskier than large cap companies because they have lower liquidity and smaller financial buffers. However, small cap stocks also have the potential for high growth, making them an attractive investment option for some investors.

When it comes to buying small cap stocks, it is important to perform thorough research and due diligence. Some factors to consider include the company’s financials, management quality, and the industry in which it operates. It is also a good idea to diversify your portfolio by investing in a mix of small cap stocks, rather than putting all your eggs in one basket.

Top 9 Small Cap Stocks to Buy & Hold In June 2023

Here is the list of the top 9 small cap stocks to buy and hold in June 2023:

1. Compass Minerals International Inc. (CMP)

The market capitalization of this company is about 1.44 billions USD. On the other hand, Compass Minerals International, Inc. (CMP) is a multinational producer and marketer of salt and specialty plant nutrition products. It is headquartered in Overland Park, Kansas, and was founded in 1844. The company operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America.

CMP’s Salt segment mines and processes rock salt, solar salt, and specialty salt products for use in de-icing, water conditioning, and industrial applications. The Plant Nutrition North America segment produces and markets specialty plant nutrition products for use in agriculture, turf and horticulture, and industrial applications. The Plant Nutrition South America segment produces and markets specialty plant nutrition products in South America.

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2. Hingham Institution for Savings (HIFS)

The market capitalization of Hingham Institution for Savings (HIFS) is about 625.88 million dollars. On the other hand, Hingham Institution for Savings (HIFS) is a community bank based in Hingham, Massachusetts. It was established in 1834 and has been serving the financial needs of the community for over 186 years. The bank offers a wide range of products and services, including personal and business banking, loans, mortgages, investment services, and wealth management.

HIFS is dedicated to providing its customers with high-quality financial products and services and is committed to helping its customers reach their financial goals. The bank has a long history of stability and reliability and is well-regarded in the community for its commitment to customer service.

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3. Northrim Bancorp Inc. (NRIM)

Northrim Bancorp Inc. (NRIM) is a financial holding company based in Anchorage, Alaska. It was founded in 1990 and operates as a holding company for Northrim Bank, a full-service community bank. Northrim Bank offers a wide range of banking and financial services, including personal and business checking and savings accounts, loans, mortgages, credit cards, and investment services.

Northrim Bancorp Inc. is publicly traded on the NASDAQ stock exchange and has a market capitalization of approximately 232.77 millions USD as of now. The company is well-positioned to continue its growth and success, with a strong balance sheet, a knowledgeable and experienced management team, and a commitment to customer service.

4. Columbus McKinnon Corp. (CMCO)

The market capitalization of this company is about 1.18 billion dollars. On the other hand, Columbus McKinnon Corporation (CMCO) is a global manufacturer and provider of material handling equipment and systems. The company was founded in the year 1875. The headquarter of this company is in Amherst, New York. It operates through two segments: Material Handling and Engineered Products. 

The Material Handling segment includes hoists, cranes, actuators, and other material-handling equipment used in various industries, including construction, manufacturing, and transportation. The Engineered Products segment provides solutions for power transmission, motion control, and linear motion applications. CMCO’s products are sold globally through a network of authorized distributors, independent agents, and direct sales.

5. Global Water Resources Inc. (GWRS)

The market capitalization of this company is about 296.48 million dollars. On the other hand, (GWRS) Global Water Resources, Inc. is a publicly traded water resources management company based in Phoenix, Arizona. The company provides water resource management services to communities in the metropolitan Phoenix area and other regions in the state of Arizona. 

GWRS specializes in managing, treating, and delivering potable water to homes and businesses, as well as providing sewer and reclaimed water services. The company’s mission is to ensure that its customers have a reliable and sustainable source of water and to reduce water waste through conservation and efficient use. GWRS is committed to responsible water management practices and to ensure that water resources are preserved for future generations.

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6. Compania Cervecerias Unidas SA (CCU)

The market capitalization of this company is about 2.80 billion dollars. On the other hand, Compania Cervecerias Unidas SA (CCU) is a Chilean multinational company that produces, distributes, and sells alcoholic and non-alcoholic beverages. The company was established in 1949 and is headquartered in Santiago, Chile. CCU operates in several countries in South America and has a presence in Europe, Asia, and Africa.

CCU is considered one of the largest beverage companies in South America and has a strong market presence in Chile, Argentina, and other countries in the region. The company operates a wide distribution network, with a strong emphasis on sales and marketing.

7. Northwest Natural Holding Co. (NWN)

The market capitalization of this company is about 1.70 billion dollars. On the other hand, Northwest Natural Holding Company (NWN) is a publicly traded holding company that operates through its subsidiary, Northwest Natural Gas Company (NW Natural), which is one of the largest natural gas distribution companies in the USA. NW Natural is based in Portland, Oregon, and provides natural gas services to residential, commercial, and industrial customers in Oregon and Southwest Washington. 

The company’s main business is the distribution of natural gas, and it also provides related energy services such as energy conservation and renewable energy programs. NWN was founded in 1866 and has been publicly traded since 1998.

8. LiveRamp Holdings, Inc. (NYSE:RAMP)

The market capitalization of this company is about 1.71 billion USD. On the other hand, LiveRamp Holdings, Inc. (NYSE: RAMP) is a leading technology company specializing in data connectivity and data onboarding solutions.

This company is based in the United States, LiveRamp offers a platform that enables businesses to securely connect their customer data across various channels and devices. The company’s platform helps organizations leverage their data effectively, enabling better targeting, personalization, and measurement of marketing campaigns.

LiveRamp’s technology allows businesses to unify and activate their customer data, providing a comprehensive view of their customers’ interactions and behaviors. This data-driven approach enables organizations to deliver more relevant and personalized experiences to their customers. LiveRamp’s solutions are widely used by marketers, agencies, and data providers, helping them optimize their marketing efforts and drive better business outcomes.

9. Cabaletta Bio Inc. (CABA)

The market capitalization of this company is about 542.28 million USD. On the other hand, Cabaletta Bio Inc. (NASDAQ: CABA) is a biopharmaceutical company focused on developing and commercialising cellular therapies for the treatment of rare autoimmune diseases. The company’s proprietary technology, known as the DSG3-CAART platform, aims to selectively eliminate autoreactive B cells that are responsible for causing autoimmune diseases.

Cabaletta Bio’s lead product candidate is DSG3-CAART, which is being developed for the treatment of mucosal pemphigus vulgaris (mPV) and mucosal pemphigus foliaceus (mPF), two rare autoimmune blistering disorders.

These conditions are characterized by the body’s immune system attacking healthy tissues, resulting in painful blistering of the skin and mucous membranes. By using their DSG3-CAART therapy, Cabaletta Bio aims to provide a potentially curative treatment option for patients suffering from these debilitating autoimmune diseases.

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7 Factors To Consider When Investing In Small-Cap Stocks

Small-cap stocks can be a profitable investment opportunity, but it’s important to consider several factors before investing your money. As a result, here are some key factors to consider when investing in small-cap stocks:

1. Risk

Small-cap stocks are generally considered riskier than larger companies as they have smaller market capitalizations. It’s important to understand the risks of investing in small-cap stocks, including potential volatility and the possibility of the company going bankrupt.

2. Company fundamentals

As with any investment, it’s important to research the company’s financials, including revenue growth, earnings, and debt levels. Look for companies with strong fundamentals that indicate long-term growth potential.

3. Industry trends 

Look for companies in industries with high growth potential and competitive advantage.

4. Management team

A company’s management team plays an important role in its success. Look for companies with experienced and competent management teams with a successful track record.

5. Valuation

It’s important to consider the stock’s valuation before investing. Look for companies with reasonable valuations relative to their growth potential and industry peers.

6. Liquidity 

Small-cap stocks may have less liquidity than larger companies, which means that there may be less trading volume, and buying or selling shares is harder. As a result, you can consider the stock’s liquidity before investing.

7. Regulatory environment

Small-cap stocks may be more sensitive to changes in the regulatory environment, such as changes in tax laws or industry regulations. Consider the regulatory environment in which the company operates and how it may impact its business.

Investing in small-cap stocks can be a good opportunity for investors, but it’s important to consider the risks and research before investing your money. As a result, you can make informed investment decisions and gain strong returns.

Conclusion

This is the end of this post, which is about small cap stocks to buy and hold in June 2023. I hope now you know which one is better for your portfolio and which one is not. On the other hand, we discuss the top 9 small cap stocks to buy. 

Note: Remember, investing in small-cap stocks is a high-risk, high-reward strategy, so it is important to only invest money that you can afford to lose. As you already knew that you should make sure to consult with a financial advisor before making any investment decisions.

This is it for today I hope you like our post which is small cap stocks to buy if so then let us know in the comment section. 

FAQs

Q1. Are small-cap stocks a good investment?

Small-cap stocks can be a good investment for some people, as they tend to offer higher growth potential than large-cap stocks. This is because small companies have more room to grow and expand than larger, more established companies. However, with this growth potential comes higher risk, as small companies may be more susceptible to market fluctuations and changes in the economy.

Q2. What is the average return of small-cap?

In 2022, active small-cap schemes provided an average return of 4.19%. On the other hand, there are 23 active schemes in the small-cap category.

Q3. How risky are small-cap stocks?

Small-cap stocks are considered riskier than their larger counterparts due to their lower market capitalization and higher volatility. On the other hand, they can experience significant price fluctuations and have limited liquidity, making them more susceptible to market downturns and company-specific risks.

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