Mid-cap stocks are those that fall between small and large-cap companies. These stocks have a market capitalization ranging from $2 billion to $10 billion. Many investors tend to overlook these stocks for higher returns from small-cap stocks and stability from large-cap stocks.
However, mid-cap stocks could offer a mix of both stability and return. To give you an idea of the returns you can get from such stocks. We have used the March return numbers of mid-cap stocks (from finviz.com) to come up with the ten best performing mid-cap stocks in March 2022, and here they are, in reverse order.
10. ChargePoint Holdings (41%)
Founded in 2007 and headquartered in Campbell, Calif., this company offers an electric vehicle charging network. ChargePoint Holdings (NYSE:CHPT) also has Cloud Services that help users to locate and reserve electric vehicle charging sessions. Its shares are up over 2% YTD but are down almost 32% in the past one year. ChargePoint Holdings shares are presently trading over $19, with a 52-week range of $11.21 and $36.86. It posted revenue of more than $240 million in 2021.
9. Oscar Health (42%)
Oscar Health (NYSE:OSCR) was founded in 2012 and is headquartered in New York. It is a health insurance company that offers its services through a technology platform. Shares of OSCR are up over 19% YTD, however they have been down over 60% in the past one year. Currently trading over $9.40, the stock has a 52-week range of $5.72 and $29.70. The company posted revenue of more than $1.80 billion in 2021 and over $460 million in 2020.
8. Nikola (42%)
Headquartered in Phoenix, Arizona, Nikola Corp (NASDAQ:NKLA) offers zero-emissions transportation and infrastructure solutions by developing battery-electric and hydrogen-electric vehicles, energy storage systems and more. Its shares are up over 1% YTD but are down over 18% in the past one year. Nikola shares are presently trading over $10, and it has a 52-week range of $6.41 and $19.52. The company was founded in 2015.
7. Comstock Resources (42%)
Founded in 1919 and headquartered in Frisco, Texas, Comstock Resources (NYSE:CRK) acquires, develops and explores oil and natural gas. Comstock Resources operations are primarily located in Haynesville shale. Its shares are up over 70% YTD and over 150% in the past one year. Comstock Resources shares are presently trading over $14, and it has a 52-week range of $4.67 and $14.38. It posted revenue of more than $1.80 billion in 2021 and over $850 million in 2020.
6. PBF Energy (43%)
PBF Energy (NYSE:PBF), which was founded in 2008 and is headquartered in Parsippany, N.J., operates as a petroleum refiner and makes available unbranded transportation fuels, lubricants, heating oil, petrochemical feed stocks, and other petroleum products. PBF Energy shares are up over 96% YTD and almost 73% in the past one year and are presently trading over $25. The stock has a 52-week range of $7.24 and $26.69. PBF posted revenue of more than $27 billion in 2021 and over $15 billion in 2020.
5. FIGS (45%)
This healthcare apparel and lifestyle company's shares are currently trading above $23, even though YTD, shares of the 2013 founded Figs (NYSE:FIGS) have slid over 18%. Headquartered in Santa Monica, Calif., Figs deals in lab coats, loungewear, under scrubs, compression socks footwear, masks and more. FIG's 52-week range is $13.04 and $50.40.
4. EQRx (47%)
Founded in 2019 and headquartered in Cambridge, Mass., EQRx (NASDAQ:EQRX) is a biotechnology company that focuses on re-engineering the drug discovery process so as to make them more affordable. EQRX shares are down over 38% YTD, are currently trading over $4, and have a 52-week range of $2.6300 and $11.1000.
3. CVR Energy (48%)
Sugar Land, Texas headquartered CVR Energy (NYSE:CVI) is a petroleum refining and marketing company, comprised of Petroleum and Nitrogen Fertilizer segments. Founded in 1906, shares of CVR Energy are up almost 57% YTD and over 72% in the past one year. The stock is presently trading over $26, and it has a 52-week range of $11.22 and $26.99. CVR Energy posted revenue of over $7.2 billion in 2021 and over $3.9 billion in 2020.
2. Nielsen Holdings (53%)
Founded in 1923 and headquartered in New York, Nielsen Holdings (NYSE:NLSN) offers global marketing data collection and analytics services and is comprised of the follwing business segments: Connect, Media, and Corporate. Nielsen Holdings shares are up over 33% YTD and over 9% in the past one year, currently trading over $27, with a 52-week range of $16.02 and $28.42. The Company posted revenue of more than $3.4 billion in 2021 and over $3.3 billion in 2020.
1. SES AI (96%)
SES AI Corp (NYSE:SES) develops and produces high-performance Li-Metal rechargeable battery technology for EVs (electric vehicles) and other applications. Founded in 2012 and headquartered in Woburn, Wash., shares of SES AI are down over 10% YTD and almost 11% in the past one year. The stock is trading over $8.50, and it has a 52-week range of $4.30 and $11.47.