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As of 10:09 AM EST, several small cap stocks have exhibited volatility after U.S. inflation rose more than expected in January. In first place, Spire Global, Inc. dropped 48.97% with its stock trading at $10.13, bringing its market capitalization to $512.62 million. Spire Global said on Tuesday that there is a “substantial doubt” about the company’s capacity to continue as a going concern for the next 12 months due to projected cash requirements.
Atomera Incorporated fell 39.77% to $5.21, with a market cap of $149.93 million. The company’s Q4 revenue report came below expectations contributing to the stock’s decline. However, Tivic Health Systems, Inc. rose 98.43%, trading at $0.4663, with a valuation of $2.22 million.
Similarweb Ltd. declined 33.05%, priced at $11.24, with a market capitalization of $917.49 million. The stock was plunging on Wednesday after the company reported Q4 revenue loss. However in the health services sector, Kindly MD, Inc. gained 84.14% to $2.62, with its market cap at $15.65 million.
Finally in the health technology sector, Xilio Therapeutics, Inc. surged 102.16% to $1.3282, with a market valuation of $30.06 million.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.