Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $76.07 in the prior trading day, Cognizant Technology Solutions Corp. (NASDAQ: CTSH) closed at $74.86, down -1.59%. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 6.09 million shares were traded. CTSH stock price reached its highest trading level at $76.42 during the session, while it also had its lowest trading level at $74.7.
Ratios:
Our goal is to gain a better understanding of CTSH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.00. For the most recent quarter (mrq), Quick Ratio is recorded 2.46 and its Current Ratio is at 2.46. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
On August 07, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $73 to $75.
On June 24, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $72.Goldman initiated its Neutral rating on June 24, 2024, with a $72 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when Singisetti Ravi Kumar sold 6,728 shares for $73.66 per share. The transaction valued at 495,584 led to the insider holds 46,427 shares of the business.
Singisetti Ravi Kumar bought 6,728 shares of CTSH for $495,557 on Aug 06 ’24. On Mar 12 ’24, another insider, Diaz Kathryn, who serves as the EVP, Chief People Officer of the company, sold 900 shares for $77.06 each. As a result, the insider received 69,350 and left with 8,312 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTSH now has a Market Capitalization of 37215076352 and an Enterprise Value of 36136955904. As of this moment, Cognizant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.07, and their Forward P/E ratio for the next fiscal year is 15.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 1.876 whereas that against EBITDA is 10.447.
Stock Price History:
Over the past 52 weeks, CTSH has reached a high of $80.27, while it has fallen to a 52-week low of $62.14. The 50-Day Moving Average of the stock is -2.11%, while the 200-Day Moving Average is calculated to be 2.30%.
Shares Statistics:
The stock has traded on average 3.17M shares per day over the past 3-months and 2805310 shares per day over the last 10 days, according to various share statistics. A total of 498.00M shares are outstanding, with a floating share count of 494.63M. Insiders hold about 0.21% of the company’s shares, while institutions hold 99.09% stake in the company. Shares short for CTSH as of 1727654400 were 14235732 with a Short Ratio of 4.50, compared to 1724976000 on 11689252. Therefore, it implies a Short% of Shares Outstanding of 14235732 and a Short% of Float of 3.66.
Dividends & Splits
In the trailing 12 months, CTSH’s forward annual dividend rate was 1.19, compared to 1.19 this year. Against a Trailing Annual Dividend Yield of 0.015643487The stock’s 5-year Average Dividend Yield is 1.45.
