WalkMe Ltd., Similarweb Ltd., Cresco Labs Inc. are at the top of this list of down trending small cap stocks.
Markets closed higher yesterday; Dow Jones ended the session at 34,200 after a 0.64% gain. Nasdaq gained 0.64% and closed at 11,000.
More data out yesterday as United States Consumer Price Index released yesterday at 13:30 UTC with a figure of -0.1%, while the previous figure was 0.1%.
What is a downtrend?
The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.
| WalkMe | continues a 9 day decline; withdraws 3.32% yesterday
Yesterday's session continued the recent downtrend: after a mostly steady day, the Californian SaaS platform lost 3.32% deep into the session, closing at $9.6. After setting a $9.08 – $10 range, WalkMe closed the day 3.32% lower at $9.6. The day's trading volume totalled 83,804 shares — slightly below the 21-day average of 106,922.
The multinational SaaS company's market cap currently stands at $811.26 million with an average daily trading volume of 106,922 shares. The current year has not been the best for the Californian SaaS platform as it lost 13.43% from its highest point of $18.49. WalkMe has a forecast of $62.97 million with an EPS of -30 cents.
| Similarweb | 6.37% (19 cents) depreciation over 8 days (2.375 cents per day average)
After setting a $5.95 – $6.3 range, Similarweb closed the day 3.52% lower at $6.03. An influx of sellers pushed the US web analytics company to end the session lower around $6.03, while establishing a $5.95 to $6.3 session range yesterday. Trading volume totalled 102,013 which equates to around 58% of the stock's 21-day average yesterday.
Cresco Labs continues a 6 day downtrend; stumbles 1.2% yesterday
Yesterday's session continued down the same path: slightly down but mostly flat: Cresco Labs ranged between $1.86 and $2.06 before closing at $1.93. After setting a $1.86 – $2.06 range, Cresco Labs closed the day 1.2% lower at $1.93. Trading volume totalled 412,380 which equates to around 48% of the stock's 21-day average yesterday.
Currently, the consumer lifestyle brand developer has a market capitalization of $585.88 million with an average daily volume of 851,594 shares. The medical marijuana company has fallen back around 74.68% over the past 10 months, from a notable high of $7.7. Cresco Labs expected revenue of $210.48 million with an EPS of $0.