In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing 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
NextEra Energy Partners LP (NYSE: NEP) closed the day trading at $26.35 down -1.46% from the previous closing price of $26.74. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 1.12 million shares were traded. NEP stock price reached its highest trading level at $26.85 during the session, while it also had its lowest trading level at $26.12.
Ratios:
For a better understanding of NEP, 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 7.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.39.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on July 01, 2024, whereas the target price for the stock was revised from $38 to $30.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEP now has a Market Capitalization of 2464760576 and an Enterprise Value of 18319239168. As of this moment, NextEra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.29, and their Forward P/E ratio for the next fiscal year is 13.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.06 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 15.82 whereas that against EBITDA is 28.669.
Stock Price History:
Over the past 52 weeks, NEP has reached a high of $55.03, while it has fallen to a 52-week low of $20.17. The 50-Day Moving Average of the stock is -10.86%, while the 200-Day Moving Average is calculated to be -6.46%.
Shares Statistics:
Over the past 3-months, NEP traded about 1.59M shares per day on average, while over the past 10 days, NEP traded about 1760990 shares per day. A total of 93.40M shares are outstanding, with a floating share count of 90.93M. Insiders hold about 2.79% of the company’s shares, while institutions hold 63.94% stake in the company. Shares short for NEP as of 1721001600 were 4728004 with a Short Ratio of 2.97, compared to 1718323200 on 5192745. Therefore, it implies a Short% of Shares Outstanding of 4728004 and a Short% of Float of 5.1999997.
Dividends & Splits
NEP’s forward annual dividend rate is 3.49, up from 3.545 a year ago. Against a Trailing Annual Dividend Yield of 0.13257293The stock’s 5-year Average Dividend Yield is 5.19.
