5 Small-Cap Stocks to Sell Now Before Recession Begins

In this article, we discuss the 5 small-cap stocks to sell now before recession begins. If you want to read about some more small-cap stocks to sell now before recession begins, go directly to 10 Small-Cap Stocks to Sell Now Before Recession Begins. 

5. Silk Road Medical, Inc (NASDAQ:SILK)

Number of Hedge Fund Holders: 15 

Market Cap as of May 27: $2 billion

Percentage Decline in Share Price Year-to-Date: 26.58%

Silk Road Medical, Inc (NASDAQ:SILK) operates as a medical device company. On May 4, the company posted earnings for the first quarter of 2022, missing market estimates on earnings per share by $0.13 and reporting a revenue of around $28 million, up more than 27% compared to the revenue over the same period last year.

On May 17, Citi analyst Joanne Wuensch maintained a Neutral rating on Silk Road Medical, Inc (NASDAQ:SILK) stock and lowered the price target to $33 from $44, noting that market multiples were contracting due to higher inflation, slowing growth, and rising interest rates. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Deerfield Management is a leading shareholder in Silk Road Medical, Inc (NASDAQ:SILK), with 2.1 million shares worth more than $88 million. 

At the end of the first quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $133 million in Silk Road Medical, Inc (NASDAQ:SILK), compared to 12 in the preceding quarter worth $94 million.