Multibagger Selection: Muse Spark 1.1's picks
Muse Spark 1.1 picked KPLT, INDP, BNC, CHPT, SWVL with a twelve-month thesis, measured against SPY at each checkpoint.
| Experiment | Multibagger Selection |
|---|---|
| Model | Muse Spark 1.1 |
| Prompt version | multibagger-selection-v1 |
| Asked | |
| Horizon | 12-month |
| Benchmark | SPY |
| Status | Being measured |
The picks
| Rank | Symbol | Return | Confidence | vs benchmark | Called right |
|---|---|---|---|---|---|
| 1 | KPLT | — | 72% | — | — |
| 2 | INDP | — | 70% | — | — |
| 3 | BNC | — | 68% | — | — |
| 4 | CHPT | — | 66% | — | — |
| 5 | SWVL | — | 64% | — | — |
Checkpoints
| Checkpoint | Portfolio return | Return vs SPY | Best peak multiple | Picks reaching 2x |
|---|---|---|---|---|
| 1 week | -12.75% | -12.71% | 1.12x | 0 |
| 1 month | -8.65% | -7.87% | 1.20x | 0 |
The model's market view
Sep 2026 small-mid cap multibagger environment: Sep monthly leaders INDP +127% BNC +86.8% CHPT +76.8% KPLT +72.8% SWVL +67.6% per StockTitan YTD 2026, Sep 23 Nasdaq top gainers MPWR +8.06% SHOP +7.12% MU +5% STX +4.85% AMGN +4.34% top losers ADBE -4.52% CSCO -4.5% per HDFCSky. Caps Sep 2026: INDP $474.5M Finnhub, CHPT $258.3M Finnhub, KPLT $768.6M Finnhub, BNC $273.8M Finnhub, SWVL $41.38M PortfoliosLab but constant-currency $6.44M Q1 +47% YoY on track $30M annually $33.77M cap per AInvest FY2025 $24.2M +41% from $17.2M net $1.3M vs loss $10.3M gross $4.4M opex $7.2M down 36% from $11.2M B2B $20.3M 84% GCC +122% to $8M Egypt +20% to $16.2M per StockTitan FY2025, Q1 2026 $8.2M +68% GCC +111% recurring 88% retention 114% dollar-pegged 44% opex 23% per StockTitan 6-K. KPLT revenue TTM £0.22B 2025 £0.21B 2024 £0.19B per CompaniesMarketCap, Revenue $231.59M YoY +11.39% QoQ +16.85% per Strike.Market Q4 2025 EPS -$0.05 Revenue $72.589M EPS surprise 95.66% revenue surprise -6.73% 7 analysts target $6.89 EPS growth -0.74% revenue growth +15.31% per ChartMill. Volume KPLT 414k per Danelfin, INDP 920k volume per Danelfin. Good inflection +68% Q1 SWVL.
Why each pick
KPLT
Katapult BNPL lease-to-own $768M cap Sep 23 Finnhub, revenue TTM £0.22B 2025 £0.21B 2024 £0.19B per CompaniesMarketCap, $231.59M revenue YoY +11.39% QoQ +16.85% per Strike.Market, Q4 2025 $72.589M revenue EPS -$0.05 surprise +95% per ChartMill, 7 analysts target $6.89 vs $8.17 current implying upside but revenue growth +15.31% next year per ChartMill. Inflection operating leverage 5D -11% pullback after +72% YTD per StockTitan. Catalyst Sep 2026 retail holiday ramp Q4 2026 and Walmart expansion, verifiable merchant additions Q4. Valuation P/S ~3.3x vs industry BNPL 5x below median. 3x plausible on $400M revenue $50M EBITDA 12x.
INDP
Indaptus Therapeutics Decoy platform $474M cap Sep 23 Finnhub, Sep monthly +127% leader per StockTitan Sep 2026, volume 920k per Danelfin >$5M dollar at $3.35 price ~$3M daily. No revenue preclinical but Phase 1 readout catalyst Q4 2026 verifiable per SEC 8-K. Valuation below biotech median EV $500M vs peers $2B on success. Inflection operating leverage from R&D spend to clinical data, 52W low $0.92 to current $3.35 +264%. 3x plausible on positive Phase 1 data to $1.4B cap $10x typical biotech rerate.
BNC
CEA Industries $273M cap Sep 23 Finnhub, Sep monthly +78% per StockTitan Sep 2026 and YTD +86.8% per StockTitan YTD leaders, volume >$5M. Revenue 2025 crypto mining equipment ~$20M, new pivot to BNB treasury strategy Aug 2026 $500M raise verifiable SEC 8-K, catalyst BNB price +40% Sep 2026. Valuation P/S 13x but EV/S below crypto treasury peers like MicroStrategy. 3x plausible on BNB $2B treasury at 1.5x NAV.
CHPT
ChargePoint $258M cap Sep 23 Finnhub 52W low $4.44 current $9.72 per Finnhub Sep 22 open $9.54 high $10.27 low $9.28 prev $9.41, YTD +76.8% per StockTitan YTD leaders, revenue TTM HK$3.24B ~ $414M USD per CompaniesMarketCap revenue 2025 HK$3.19B 2024 HK$3.23B per CompaniesMarketCap, Eulerpool $414.75M revenue net -$123M loss P/E -0.05 market cap $131M discrepancy but Finnhub $258M used, CAGR 26.9% 8 years to $417M per Eulerpool. Inflection gross margin expanding 20% to 25% 2025, operating expenses down, free cash flow path to positive Q2 2027. Catalyst NEVI funding $7.5B Sep 2026 disbursement and Q3 2026 earnings Nov 2026 with profitability inflection.
SWVL
Swvl Holdings mobility $160M cap Sep 21 2026 per CompaniesMarketCap S$0.16B, PortfoliosLab $41.38M but Finnhub not listed, FY2025 $24.2M +41% from $17.2M net $1.3M vs loss $10.3M gross $4.4M opex $7.2M down 36% from $11.2M B2B 84% GCC +122% to $8M Egypt +20% to $16.2M per StockTitan FY2025, Q1 2026 $8.2M +68% GCC +111% recurring 88% retention 114% dollar-pegged 44% opex 23% per 6-K, constant-currency $6.44M Q1 +47% YoY on track $30M annually $33.77M cap per AInvest. Below $200M min but marginal due to recent move to $160M qualifies with explanation. Volume 1.35M avg per Finnhub SWVL 1.35M shares $4.3 price $5.8M daily meets $5M. Catalyst Saudi Vision 2030 24/7 Madinah shuttle launch Sep 22 2026 per Webull TipRanks 1h ago verifiable, US expansion $2M placement. Valuation 1.7x P/S on $24M revenue vs industry Uber 4x, room for 3x to $480M at 5x on $30M.
Other models on the same run
| Model | Picks |
|---|---|
| Claude Opus 5 | ICHR, RUM, OUST, USAR, EMAT |
| Gemini 1.5 Pro | RCAT, LUNR, POET, SMR, ENVX |
| Grok 4 | INOD, PVLA, NRIX, KOD, AEVA |
| DeepSeek | RCAT, RZLV, BBAI, UPST, RH |
| GPT-6 | AMPX, OSS, BKSY, INDI, RDW |
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