Today's worst stocks (price declines over the past year) did badly

Jeffrey Cohen, US Advanced Computing Infrastructure, Inc.

We create a list of stocks with the largest price declines over the past year. We capture this by comparing the last close against the average price over the past year. This reflects the average loss from investors that bought the stock, and held it, over the past year.

All of these stocks are down by 85% or more in the past year, vs. average.

They say to buy low and sell high. However, sometimes buying low means holding lower. That is the case today, on May 28, 2024, watching the market after close.
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We notice a few things.

• First, these stocks are overwhelmingly lower today, on a day when the NASDAQ reached a new high on NVIDIA strength.
• Second, these are small cap stocks. This is intuitively right. These stocks have fallen in value dramatically, and hence are low cap stocks. If these companies survive and thrive, then these valuations could become attractive in the single or double-digit equity capitalization levels.
• Third, we see our share of biotech and foreign firms. These can be hard to buy, hold, value and understand.

The number one stock on this list (bottom listing) is CRKN or Crown ElectroKinetics Corp. This stock was recently pumped up by 100% in a single day, then fell back. This stock is on the radar list for momentum trading. FFIE was recently $0.04 per share, and is now up over 25x to $1.17. These low-cap stocks can really move with the right momentum and attention, that reflects in volume and one-day excitement.