We recently published an article titled Why These 10 Small-Cap Stocks Are Skyrocketing. In this article, we are going to take a look at where VEON Ltd. (NASDAQ:VEON) stands against the other small-cap stocks.
Wall Street is increasing its bet on small-cap stocks, suggesting that the sector will potentially outperform in 2025. The reasons behind this are simple. While stable rates will be one of the biggest tailwinds for small-cap names, analysts also expect stronger valuations and solid earnings growth from the sector in the year ahead. Most importantly, with expectations tied to the market broadening, investors and analysts are excited to see how the market conditions pan out for small caps.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 small-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization between $1 billion and $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 16, 2024, to January 16, 2025.
A businessperson in the boardroom discussing mobile internet plans.
VEON Ltd. (NASDAQ:VEON)
30-day Return as of January 16, 2024: 29%
VEON reached $46.04 on January 16, registering a 29% increase from its share price of $35.71 on December 16, 2024. VEON Ltd. (NASDAQ:VEON) is a global digital operator that provides connectivity and digital services to 160 million customers in 6 markets across the globe. These six markets make up 7% of the world’s population.
Over the past month, the company has made some massive changes to its business model. To elaborate, in the past 30 days, the company has secured a partnership with Starlink for satellite connectivity in Ukraine, relocated its headquarters to Dubai, and decided to list Kyivstar, its telecom unit in Ukraine, on NASDAQ.
The company is committed to providing 4G connectivity to everyone and with its decision to list Kyivstar, which has a customer base of 24 million customers, other investors in the United States will be able to directly participate in the recovery of the Ukrainian economy.
Overall VEON ranks 6th on our list of the small-cap stocks that are skyrocketing right now. While we acknowledge the potential of VEON as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VEON but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
