Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting 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
Edgio Inc (NASDAQ: EGIO) closed the day trading at $1.22 down -80.23% from the previous closing price of $6.17. In other words, the price has decreased by -$80.23 from its previous closing price. On the day, 4.64 million shares were traded. EGIO stock price reached its highest trading level at $2.92 during the session, while it also had its lowest trading level at $1.145.
Ratios:
For a better understanding of EGIO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.94.
On November 10, 2022, Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $5.75 to $2.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EGIO now has a Market Capitalization of 7143527 and an Enterprise Value of 135036176. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.02 while its Price-to-Book (P/B) ratio in mrq is 0.04. Its current Enterprise Value per Revenue stands at 0.335 whereas that against EBITDA is -1.819.
Stock Price History:
Over the past 52 weeks, EGIO has reached a high of $44.00, while it has fallen to a 52-week low of $5.94. The 50-Day Moving Average of the stock is -87.58%, while the 200-Day Moving Average is calculated to be -88.89%.
Shares Statistics:
Over the past 3-months, EGIO traded about 51.00K shares per day on average, while over the past 10 days, EGIO traded about 529890 shares per day. A total of 5.86M shares are outstanding, with a floating share count of 3.27M. Insiders hold about 44.15% of the company’s shares, while institutions hold 6.88% stake in the company. Shares short for EGIO as of 1723680000 were 331918 with a Short Ratio of 6.51, compared to 1721001600 on 350604. Therefore, it implies a Short% of Shares Outstanding of 331918 and a Short% of Float of 8.930001.
