We recently published an article titled Micro-, Small-Cap Firms Dominate Market Rally.In this article, we are going to take a look at where Myers Industries, Inc. (NYSE:MYE) stands against the other stocks.

The stock market pulled back to the red territory on Thursday, with all major indices posting significant losses as tariff threats continued to rattle investors.

The tech-heavy Nasdaq posted the largest loss, down 2.61 percent, followed by the S&P 500 with 1.78 percent, and the Dow Jones with 0.99 percent.

On Thursday, 10 micro and small-cap companies defied a broader market decline, with their share prices jumping by as much as double digits. One company stood out, soaring more than 300 percent during the session.

To come up with Thursday’s top performers, we considered the stocks with the highest day change performance.Is Myers Industries (MYE) Among The Small–Cap Stocks Insiders Are Buying Recently?

A wide open distribution center warehouse, with employees in the foreground, illuminated by the setting sun.

Myers Industries, Inc. (NYSE:MYE)

Myers Industries, Inc. (NYSE:MYE) snapped a three-day losing streak on Thursday, rising 28.13 percent to finish at $12.48 apiece after it beat analyst estimates on its earnings.

On Thursday, Myers Industries, Inc. (NYSE:MYE) reported a $4.3-million net income for the fourth quarter of the year, or $0.11 per share, higher than the $0.10 as estimated by analysts.

Net income, however, represented a 65.7 percent drop from the $12.5 million registered in the same period a year earlier.

Net sales grew by 6.7 percent to $203.9 million from $191 million fueled by contributions from the acquisition of Signature Systems, and consumer fuel can sales, both of which benefited from hurricane recovery efforts, and were partially offset by weaker Distribution Segment volumes and lower cyclical seed box sales in our Food and Beverage end market.

For full-year 2024, net income dived by 85.3 percent to $7.2 million from $48.9 million, while net sales inched up by 2.9 percent to $836 million from $813 million.

Overall MYE ranks 5th on our list of Thursday's top performers. While we acknowledge the potential of MYE as an investment, our conviction lies in the belief that some 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 MYE but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.

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