TuSimple Holdings Inc., FIGS, Inc., Oatly Group AB have been the noticable small cap stocks on a downtrend. Here is what you need to know.
Leading equity indices in the US declined as S&P 500 slipped 0.8% and closed at 3,665.78. Nasdaq shed 0.61% and closed at 10,600.
Meanwhile, United States Existing Home Sales (Sep) released yesterday at 14:00 UTC with a figure of 4.71 million, while the previous figure was 4.78 million.
What is a downtrend?
A trend is the overall direction of a market or an asset's trading price over a certain period. A downtrend is when the price is generally pointing downwards; there can be certain periods of time when the price increases, yet the trend remains in a downward direction.
A 13 day downtrend, falling 31.66%: $5.56 is TuSimple Holdings's lowest value in 4 months
Over the last 13 days, TuSimple Holdings Inc. has fallen 31.66%. more of the same from yesterday's session: an influx of sellers pushed TuSimple Holdings to end the session lower around $5.57, while establishing a $5.56 to $5.92 session range yesterday. Daily trading volume (2 million shares) increased, making up 112% of the 21-day average (1.86 million).
Goes down for 13 days: FIGS hits $seven milestone level
Yesterday's session continued down the same path: grinding lower but with no clear-cut direction, FIGS closed the session at $7 after forming a distinct $6.83 – $7.45 range. FIGS's bearish run has lasted 13 days so far (-$2.49). Daily trading volume (4.35 million shares) increased, making up 131% of the 21-day average (3.33 million).
FIGS is currently trading with a market cap of $1.16 billion with an average daily trading volume of 3.33 million shares. FIGS is now trading 83.56% below the significant high of $42.82 it set around 11 months ago. FIGS last reported revenue of $122.25 million with an EPS of 3 cents.
13 days of a downtrend, losing a total of 25.96%: Oatly closed at $2.11 after losing 0.94% yesterday
Yesterday's session continued the recent downtrend: slightly down but mostly flat: Oatly ranged between $2.09 and $2.19 before closing at $2.11. Having fallen 72 cents in 13 days, yesterday's trading volume was 2.71 million shares which is slightly below the 21-day average of 2.85 million.
Oatly has a market cap of $1.26 billion with an average daily volume of 2.85 million shares. Oatly has shed $12.4 points and is languishing 85.34% lower over the past year, leaving its yearly highs around $14.51 in the rear-view mirror. So far in 2022, it has been doing worse than the Nasdaq by 25.76%. $177.96 million was Oatly's last reported revenue with -12 cents being the current EPS.