INMD - 2 Small-Cap Stocks With Big Potential in 2024
2023-12-06 05:40:00 ET
Investing in small-cap stocks can come with some incredible upside. These are stocks that don't trade at high valuations, which means that if they're successful there can be a lot of room for their valuations to rise higher in the future. On the flip side, however, they are often riskier options than larger, more established businesses.
A couple of small-cap stocks that have the potential to achieve significant gains next year are InMode (NASDAQ: INMD) and Bitfarms (NASDAQ: BITF) . Here's why these two small-cap stocks could be attractive investments to buy today.
InMode's stock is down 30% this year and its market cap is at around $2.1 billion. The medical device company's forward price-to-earnings ratio is a modest 9. That low P/E suggests it's a potential bargain, especially for a business that has some promising growth prospects.
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2 Small-Cap Stocks With Big Potential in 2024