Zacks Investment Ideas feature highlights: IMMERSION, DHI Group and QuickLogic

For Immediate Release

Chicago, IL – March 26, 2024 – Today, Zacks Investment Ideas feature highlights IMMERSION IMMR, DHI Group DHX, and QuickLogic QUIK.

3 Top-Ranked Small Caps with Big Growth

As many know, small-caps’ volatile nature can sometimes turn investors away.

However, many small-cap stocks turn out to be big winners in the long run, and they typically have fewer eyes on them, providing investors an opportunity to get in "early" before the crowd.

For those seeking exposure to small-caps, three stocks – IMMERSION, DHI Group, and QuickLogic – could all be considered. A few have shown a nice level of relative strength, confirming investor interest.

In addition, all three sport a favorable Zacks Rank, indicating optimism among analysts. Let’s take a closer look at each.

QuickLogic

QuickLogic, a current Zacks Rank #1 (Strong Buy), is a semiconductor provider of ultra-low power, comprehensive, flexible sensor processing solutions. The earnings estimate revisions trend has been particularly bullish for its current year, up 44% to $0.36 per share over the last year and suggesting 110% growth.

The company snapped a streak of negative earnings surprises in its latest release, exceeding the Zacks Consensus EPS estimate by nearly 30%. Sales grew 80% year-over-year, whereas earnings climbed 255%.

Investors cheered on the results, which further fueled shares to deliver a market-beating performance so far in 2024. 

IMMERSION

IMMERSION, a current Zacks Rank #1 (Strong Buy), develops hardware and software technologies that enable users to interact with computers using their sense of touch.

As we can see below, shares have been volatile year-to-date, but saw a nice boost following its latest earnings release, helping to provide a sense of stability post-earnings.

The company’s growth profile shouldn’t be ignored, with estimates for its current fiscal year suggesting 7% higher earnings on nearly 60% higher sales. Keep an eye out for the company’s next quarterly release expected in early May, as consensus expectations presently suggest a 120% pop in earnings paired with a 250% sales increase.

Top line revisions for the upcoming release have been particularly bullish, up more than 250% to $25 million since last December.

DHI Group

DHI Group, a current Zacks Rank #1 (Strong Buy), offers specialized websites that focus on select professional communities. The earnings estimate revisions trend has shifted positively for its current fiscal year, with the $0.18 Zacks Consensus EPS estimate up 6% and suggesting 80% growth.

Shares have recently found support at the 50-day daily moving average, with market participants swooping in to buy regularly in 2024. Since making their 2024 low, DHX shares are up roughly 30%, widely outperforming relative to the general market.

Bottom Line

Small-cap stocks can be solid considerations for those who can handle a higher level of volatility and have a less conservative approach.

While their price swings can undoubtedly become spooky, their potential is undeniable.

And all three above – IMMERSION, DHI Group, and QuickLogic – boast strong earnings outlooks and recent positive price action.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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QuickLogic Corporation (QUIK) : Free Stock Analysis Report

Immersion Corporation (IMMR) : Free Stock Analysis Report

DHI Group, Inc. (DHX) : Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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