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
SSR Mining Inc (NASDAQ: SSRM) closed the day trading at $6.06 down -0.49% from the previous closing price of $6.09. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 1.31 million shares were traded. SSRM stock price reached its highest trading level at $6.225 during the session, while it also had its lowest trading level at $6.01.
Ratios:
For a better understanding of SSRM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.12. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 3.54. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on February 22, 2024, Downgraded its rating to Neutral and sets its target price to $5 from $17 previously.
On February 20, 2024, RBC Capital Mkts Downgraded its rating to Underperform which previously was Sector Perform and also lowered its target price recommendation from $6 to $3.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on February 15, 2024, whereas the target price for the stock was revised from $14 to $6.
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 Mar 07 ’24 when Ebbett John sold 2,076 shares for $4.52 per share. The transaction valued at 9,384 led to the insider holds 30,205 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SSRM now has a Market Capitalization of 1224701696 and an Enterprise Value of 2011203200. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 1.64 whereas that against EBITDA is 33.57.
Stock Price History:
Over the past 52 weeks, SSRM has reached a high of $12.63, while it has fallen to a 52-week low of $3.76. The 50-Day Moving Average of the stock is 4.95%, while the 200-Day Moving Average is calculated to be 10.57%.
Shares Statistics:
Over the past 3-months, SSRM traded about 1.99M shares per day on average, while over the past 10 days, SSRM traded about 2200810 shares per day. A total of 202.95M shares are outstanding, with a floating share count of 199.93M. Insiders hold about 1.07% of the company’s shares, while institutions hold 68.59% stake in the company. Shares short for SSRM as of 1728950400 were 8344235 with a Short Ratio of 4.19, compared to 1726185600 on 8688737. Therefore, it implies a Short% of Shares Outstanding of 8344235 and a Short% of Float of 4.64.
Dividends & Splits
SSRM’s forward annual dividend rate is 0.07, up from 0.14 a year ago. Against a Trailing Annual Dividend Yield of 0.022988506
