Ambarella, Inc.

Investors should take a closer look at shares of Ambarella, a mid-cap partner of Ford, based on analyst views <a href="https://www.investors.com/stock-lists/stock-spotlight/ai-stock-ambarella-amba-tests-entry-as-profits-soar/?src=A00220">compiled</a>&nbsp;by the<i> Investor’s Business Daily</i>. Investment bank Craig-Hallum describes Ambarella as “a leader in the AI market,” while Rosenblatt says it is “encouraged by a strong design pipeline.”

Analysts bullish on 'edge AI' company, Ford partner Ambarella 

Vox Royalty Corp.

The market is underestimating the growth potential of Canadian gold royalty company Vox Royalty, Freedom Broker believes. Vox delivered stronger third-quarter results than the analysts expected, while the <a href="https://finance.yahoo.com/news/vox-royalty-announces-agreement-acquire-202800498.html">acquisition</a>&nbsp;of 10 new assets is set to further improve its financial position. Freedom Broker believes the current share price offers investors an attractive entry point.

Freedom flags small-cap gold royalty company Vox as deeply undervalued by market

Carel Industries S.p.A.

Avio S.p.A.

Millicom International Cellular S.A.

Interpump Group S.p.A.

ERG S.p.A.

Italian small caps often get overlooked, yet many offer meaningful growth exposure in niches with global demand, from energy and industrial equipment to aerospace technologies. Some companies benefit from large government investment programs, while others are accelerating expansion through active M&amp;A.

Five Italian small caps poised for outperformance into year-end 2025

Mersana Therapeutics, Inc.

Day One Biopharmaceuticals, Inc.

Shares of Mersana Therapeutics, a micro-cap company developing "<a href="https://www.investors.com/news/technology/mersana-therapeutics-day-one-biopharmaceuticals-buyout/?src=A00220">smart bombs</a>&nbsp;for cancer," <a href="https://finance.yahoo.com/quote/MRSN/">soared</a>&nbsp;209% yesterday, November 13. Mersana  unexpectedly <a href="https://ir.mersana.com/news-releases/news-release-details/day-one-biopharmaceuticals-acquire-mersana-therapeutics">reported</a>&nbsp;to investors that it would be acquired at a premium by Day One Biopharmaceuticals, a biotech that also develops therapies for cancer. Against this backdrop, several analysts withdrew their "buy" recommendations on Mersana shares.

Shares of cancer drugmaker Mersana soar 200% on news of acquisition by Day One Bio

Firefly Aerospace Inc.

Shares of <a href="https://investors.fireflyspace.com/">Firefly Aerospace</a>, a mid-cap developer of launch vehicles and orbital spacecraft and a competitor to Elon Musk’s SpaceX, have <a href="https://finance.yahoo.com/quote/FLY/">soared</a>&nbsp;more than a quarter in early trading today, November 13. The company <a href="https://investors.fireflyspace.com/news-releases/news-release-details/firefly-aerospace-announces-third-quarter-2025-financial-results">reported</a>&nbsp;strong third-quarter revenue growth and new contracts; plus it raised its full-year 2025 guidance.

SpaceX rival Firefly up 28% after strong 3Q25 results and upgraded 2025 guidance

Innodata Inc.

Byrna Technologies Inc.

TSS, Inc.

To compile the list, Forbes used&nbsp;<a href="https://www.forbes.com/lists/best-small-cap-companies/">FactSet data</a> to find 621 companies with a market value between $300 million and $5 billion that also had positive sales growth over the last 12 months and a share price of at least $5 per share. Financial institutions, REITs, utilities, royalty trusts, and limited partnerships were excluded, as were companies that have been public for less than one year. The top 100 names were ranked based on earnings growth, sales growth, return on equity, and total stock return for the last 5 years available, with more weight given to the last 12 months of data. All data is as of October 31. Below are the top 10.

Data centers, weapons, fintech: Forbes names 'most successful U.S. small caps'

Kits Eyecare Ltd.

Shares of KITS Eyecare, a Canadian small-cap company that makes eyeglasses and contact lenses, <a href="https://finance.yahoo.com/quote/KITS.TO/">rose</a> more than 9% on the Toronto Stock Exchange yesterday, November 11. The company <a href="https://ir.kits.com/news/news-details/2025/KITS-Eyecare-Announces-Record-Breaking-Sales-Week-of-4-5M/default.aspx">reported</a> record sales for the week and flagged a "strong" fourth quarter and full year.

Shares of eyecare platform KITS jump on record-breaking sales week

BigBear.ai Holdings, Inc.

Palantir Technologies Inc.

The company also reported third-quarter results

'Mini-Palantir' BigBear.ai acquires generative AI platform for defense; stock soars

Amprius Technologies, Inc.

Ballard Power Systems Inc.

Resolute Holdings Management, Inc.

While tech giants remain at the center of market attention, another trend – the rapid rise of small-capitalization industrial stocks – has largely gone unnoticed. Take the Equal Weight Industrial Small Caps Index, compiled for <i>Oninvest </i>by analyst Aldiyar Anuarbekov: it has gained 19.6% year to date.

While tech steals the spotlight, small cap industrials outperforming in 2025

Sonder Holdings Inc.

Sonder Holdings, which manages premium apartments and boutique hotels, has&nbsp;<a href="https://investors.sonder.com/news-releases/news-release-details/sonder-holdings-inc-complete-immediate-wind-down-operations">announced</a>&nbsp;that it has lost its key partner, Marriott International, which left immediate liquidation as its only option. Following the announcement, Sonder’s stock price plummeted more than 60% yesterday, November 10. The hotelier’s market capitalization, which <a href="https://investors.sonder.com/news-releases/news-release-details/sonder-holdings-inc-and-gores-metropoulos-ii-inc-announce-0">was</a>&nbsp;$1.9 billion at the time of the IPO in 2022, is down to just $2.7 million.

'We are devastated': Sonder to file bankruptcy, liquidate after Marriott ends deal

Beyond Meat, Inc.

Shares of plant-based meat producer Beyond Meat fell more than 8% in early trading today, November 11, which makes them about a third of their price at the peak of last month's meme rally. The drop followed <a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reschedules-reporting-third-quarter-2025-financial">delayed</a>&nbsp;<a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-third-quarter-2025-financial-results">third-quarter earnings</a> showing weaker performance across all indicators and a <a href="https://www.marketwatch.com/story/beyond-meats-losses-widen-as-demand-shrinks-is-its-meme-stock-run-over-df32a960?gaa_at=eafs&amp;gaa_n=AWEtsqdrW-Rd1fLkW1iAMf6rEpMC_DmAN_UD1lWQ8o67DTk3oVdgPzFAnzk8&amp;gaa_ts=6912f330&amp;gaa_sig=h24cB_2l7iU6UyATnTJDioJgTvUTBQ-oEoz8GByVRdpTEkMp5j0PyYln2j-JsOvUJovfmmqyrDnOuBTtJFLxBA%3D%3D">subdued outlook</a>. Against this backdrop, law firm Edelson Lechtzin LLP has just launched an <a href="https://www.morningstar.com/news/pr-newswire/20251110ph20548/investigation-alert-edelson-lechtzin-llp-announces-investigation-of-beyond-meat-inc-nasdaq-bynd-and-encourages-investors-with-substantial-losses-or-witnesses-with-relevant-information-to-contact-the-firm">investigation</a>&nbsp;into whether Beyond Meat may have violated securities laws.

From rally to rout: Beyond Meat keeps sliding after disappointing 3Q earnings

PSQ Holdings, Inc.

Shares of small cap PSQ Holdings (PublicSquare), whose shareholders include Donald Trump Jr., are up today, November 10, after the company <a href="https://investors.publicsq.com/news/news-details/2025/PublicSquare-to-Acquire-Assets-of-Tandym-Adding-Virtual--Private-Label-Credit-Cards-to-its-Growing-Fintech-Ecosystem/default.aspx">announced</a>&nbsp;an agreement to acquire certain assets of payment platform Tandym. One of Tandym’s partners is the streaming service Spotify.

Small caps