Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on 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
SkyWater Technology Inc (NASDAQ: SKYT) closed the day trading at $7.76 up 1.57% from the previous closing price of $7.64. In other words, the price has increased by $1.57 from its previous closing price. On the day, 1.25 million shares were traded. SKYT stock price reached its highest trading level at $7.86 during the session, while it also had its lowest trading level at $7.27.
Ratios:
For a better understanding of SKYT, 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 18.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 0.87.
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 this company, TD Cowen on February 27, 2024, Reiterated its Outperform rating but revised its target price to $15 from $12 previously.
On February 27, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $13 to $15.
On April 26, 2022, Craig Hallum started tracking the stock assigning a Buy rating and target price of $10.Craig Hallum initiated its Buy rating on April 26, 2022, with a $10 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 Mar 07 ’24 when Unterseher Loren A sold 368,709 shares for $12.14 per share. The transaction valued at 4,475,456 led to the insider holds 13,022,293 shares of the business.
Unterseher Loren A sold 50,771 shares of SKYT for $587,167 on Mar 06 ’24. The Director now owns 13,391,002 shares after completing the transaction at $11.56 per share. On Mar 05 ’24, another insider, Unterseher Loren A, who serves as the Director of the company, sold 10,520 shares for $11.50 each. As a result, the insider received 121,020 and left with 13,441,773 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, SKYT now has a Market Capitalization of 367435232 and an Enterprise Value of 437289440. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 7.15. Its current Enterprise Value per Revenue stands at 1.457 whereas that against EBITDA is 35.919.
Stock Price History:
The Beta on a monthly basis for SKYT is 4.05, which has changed by -0.1925078 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, SKYT has reached a high of $12.97, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is -22.61%, while the 200-Day Moving Average is calculated to be -5.06%.
Shares Statistics:
Over the past 3-months, SKYT traded about 499.57K shares per day on average, while over the past 10 days, SKYT traded about 734620 shares per day. A total of 47.03M shares are outstanding, with a floating share count of 21.71M. Insiders hold about 54.08% of the company’s shares, while institutions hold 20.95% stake in the company. Shares short for SKYT as of 1714435200 were 1253259 with a Short Ratio of 2.51, compared to 1711584000 on 1540049. Therefore, it implies a Short% of Shares Outstanding of 1253259 and a Short% of Float of 8.649999999999999.
