📊 Winners, Lawsuits, and $120M Loans: Your Small-Cap Rundown

Good Morning Investors,

Small caps didn’t sit still yesterday. Webull exploded 51 percent without a press release in sight, while Innoviz Technologies $INVZ ( ▲ 0.76% ) jumped after securing a top OEM nod and a major safety partnership.

But not all was rosy. 3D Systems $DDD ( ▼ 6.8% ) sank under the weight of class-action lawsuits, and Critical Metals $CRML ( ▲ 14.22% ) dropped despite locking in a $120 million loan for its Greenland rare earths project.

It’s a reminder that momentum can swing fast, on news or the lack of it.

Matthias Schneider
Editor at Analytica Investor

↑ ↓ 1-day change
Market data: Yesterday’s market close

Yesterday the Russell 2000 increased by 0.5% suggesting a positive performance among small-cap stocks. Unfortunately, the S&P/TSX Venture Composite Index, which reflects small-cap activity in Canada, dipped by 0.5% while the NASDAQ Biotechnology index, which includes many smaller firms, saw a 0.4% rise.

President Trump's heavy tariffs may be causing turbulence in small-cap sectors such as steel, with Canada imposing import curbs on steel to cope with the fallout WSJ. Canada's response further suggests plans of a strategic support system to counteract the U.S. tariffs Market Watch.

Also, the steady hand by the Federal Reserve to not change the interest rates amidst heightened calls for rate cuts from Trump Proactive Investors, will likely have implications for future small-cap market trends. Should drastic debts refinancing steps be taken, this may impact borrowing of small-cap firms negatively Fox Business.

📈 Biggest Gainers 

• Webull Corporation Incentive Warrant ($BULLZ NASDAQ) +51%:
  Market Cap: 115,575,178
  
  As a digital investment platform, it offers trading services, wealth management products, market data, investor education, and a user community. Rationale: There were no available Press Releases.

• Innoviz Technologies Ltd. ($INVZ NASDAQ) +20%:
  Market Cap: 262,629,840
  
  Manufactures LiDAR sensors and develops perception software for autonomous vehicles, offering products to automakers globally.
  
  The recent 20% surge in stock price was driven by two key PR announcements: the strategic partnership with Cogniteam for enhanced safety and security solutions and the prestigious recognition of being among the Top 5 for development in a Global-Production Vehicle Platform for passenger OEM. (1, 2)

📉 Biggest Losers

• Wolfspeed, Inc. ($WOLF NYSE) 78,330,578 shares traded with an average volume of 33,693,385 (-30%): 
  Market Cap: 135,893,496
  
  Provides silicon carbide and gallium nitride materials, power devices, and radio frequency devices for telecommunications, military, power supplies, and transportation applications.

• 3D Systems Corporation ($DDD NYSE) -21%: 
  Market Cap: 200,527,110
  
  Provides 3D printing and digital manufacturing solutions globally, offering 3D printers, design tools, software, and services across multiple industries.
  
  The precipitous drop in the stock price was largely driven by numerous public revelations of class-action lawsuits and fraud investigations against the company, which severely eroded investor confidence. (1, 2, 3,)

• Critical Metals Corp. ($CRML NASDAQ) -20%:
  Market Cap: 214,952,752
  
  This New York-based company specializes in mining exploration and development, specifically of lithium and rare earth element deposits.
  
  The 20% decrease in stock value was substantially influenced by the announcement of a secured US$120,000,000 letter of intent for a 15-year term loan from the US Federal Government Bank for the development of its Tanbreez Rare Earth Project in Greenland. (1)

• ProKidney Corp. ($PROK NASDAQ) -19%:
  Market Cap: 203,805,367
  
  This clinical-stage biotechnology firm specializes in developing cellular therapy candidates for treating various kidney diseases and urinary tract anomalies.

🚀 Biggest Movers

• Opendoor Technologies Inc. ($OPEN NASDAQ) 92,334,241 shares traded with an average volume of 64,670,877 (+2%): 
  Market Cap: 422,529,676
  
  This firm runs a digital platform for residential real estate transactions, offering online buying, selling, title insurance and escrow services.

• Tilray Brands, Inc. ($TLRY NASDAQ) 50,249,980 shares traded with an average volume of 26,386,357 (-0%):
  Market Cap: 393,085,649
  
  Engages in research, cultivation, production, marketing and global distribution of medical cannabis products, beverage alcohol, and wellness products.

🏦 Recent & Relevant IPOs

Recent small-cap IPOs highlight robust activity on NASDAQ, with Slide Insurance Holdings topping the list with a market capitalization of $340 million.

• Jyong Biotech Ltd. Ordinary Shares ($MENS) on NASDAQ (2025-06-17). Market Cap: $20,000,000

• ENIGMATIG LIMITED ($EGG) on NYSE (2025-06-18). Market Cap: $18,800,000

• Pioneer Acquisition I Corp Units ($PACHU) on NASDAQ (2025-06-18). Market Cap: $220,000,000

• Axiom Intelligence Acquisition Corp 1 Units ($AXINU) on NASDAQ (2025-06-18). Market Cap: $175,000,000

• Slide Insurance Holdings, Inc. Common Stock ($SLDE) on NASDAQ (2025-06-18). Market Cap: $340,000,000

• CAI International, Inc. ($CAI) on NASDAQ (2025-06-18). Market Cap: $470,600,000

Post Of The Day

👀 Stocks To Add To Your Watchlist

$TTGT ( ▲ 0.29% ) · NASDAQ Global Market — TechTarget, Inc.
Communication Services/Internet Content & Information
YTD: -64.948%
Market Cap: $486,125,200

Despite recent market volatility and a concerning investigation by the Rosen Law Firm over potential securities claims, TechTarget saw a notable surge of 9.5% to close at $7.84 on May 29, 2025. This rebound was part of a broader trend in its sector, demonstrating resilience amidst challenging conditions.

The company, a provider of purchase-intent marketing and sales services to B2B technology companies, has been navigating a complex regulatory and economic environment. Investors should closely monitor the legal situation, but also consider the company's ability to adapt and seize market opportunities.

$SMLR ( ▲ 13.15% ) · NASDAQ Capital Market — Semler Scientific, Inc.
Healthcare/Medical - Devices
YTD: -41.502%
Market Cap: $356,182,104

SMLR is capturing attention with a notable 10.14% surge in its stock price to $31.94, coupled with substantial insider trading activity and an aggressive move into Bitcoin as a primary treasury reserve.

Amidst a slew of securities investigations, the healthcare technology provider’s decisive pivot to digital assets, targeting significant Bitcoin holdings by year-end 2027, highlights a bold diversification strategy. Investors eyeing the healthcare sector’s blend with tech and digital assets may find SMLR’s innovative approach and recent performance noteworthy, despite the looming legal scrutinies.

$VRA ( ▲ 0.94% ) · NASDAQ Global Select — Vera Bradley, Inc. 
Consumer Cyclical/Apparel - Footwear & Accessories
YTD: -42.895%
Market Cap: $59,498,142

Amid recent turbulence, Vera stands out with its diverse product offering and significant insider buying activity, signaling potential undervaluation.

Despite facing challenges like recent securities investigation allegations, the company's strong financials—evidenced by a debt-free status and $86 million in liquidity—alongside a sharp 23.83% price increase on June 16th, suggest resilience. This, combined with leadership and strategic shifts, might offer a speculative but potentially rewarding opportunity for investors aware of its inherent risks.

$GNSS ( ▲ 1.31% ) · NASDAQ Capital Market — Genasys Inc. 
Technology/Hardware, Equipment & Parts
YTD: -43.75%
Market Cap: $69,086,385

In the shadow of global economic headwinds, GNSS demonstrates resilience and strategic growth potential. Recent insider transactions, notably a significant acquisition by its CEO, underscore confidence in the company's direction.
Furthermore, GNSS's increasing demand for its Genasys CONNECT platform, sparked by the "Signalgate" aftermath, offers a unique value proposition amidst the current technological and security landscape.

With a stock price increase to $1.53, reflecting a recent 4.08% gain, GNSS presents an intriguing investment opportunity, especially with its pivotal role in critical communications and emergency management solutions worldwide.

$EGBN ( ▲ 1.71% ) · NASDAQ Capital Market — Eagle Bancorp, Inc. 
Financial Services/Banks - Regional
YTD: -32.911%
Market Cap: $514,593,156

EGBN recently witnessed a spate of insider buying, signaling potential confidence in the company's future prospects amid ongoing legal investigations that have raised concerns about materially misleading business information.

Despite these challenges, the stock has shown resilience, posting a 1.38% gain on the last trading day, aligned with sector-wide positive movements. Investors should note recent insider transactions and the broader financial sector's performance as indicators of EGBN's potential stability and growth amidst legal scrutiny.

That’s it for this episode!

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