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
After finishing at $2.81 in the prior trading day, Eventbrite Inc (NYSE: EB) closed at $2.90, up 3.20%. In other words, the price has increased by $3.20 from its previous closing price. On the day, 4.52 million shares were traded. EB stock price reached its highest trading level at $2.95 during the session, while it also had its lowest trading level at $2.76.
Ratios:
Our goal is to gain a better understanding of EB 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 0.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 174.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.94 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 2.06 whereas as Long-Term Debt/Eq ratio is at 2.04.
On August 09, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $9 to $4.
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 Jun 14 ’24 when Baker Charles sold 20,000 shares for $4.93 per share. The transaction valued at 98,618 led to the insider holds 636,167 shares of the business.
Baker Charles sold 20,000 shares of EB for $110,496 on Mar 15 ’24. The CFO now owns 357,839 shares after completing the transaction at $5.52 per share. On Dec 15 ’23, another insider, Baker Charles, who serves as the Chief Financial Officer of the company, sold 20,000 shares for $8.34 each. As a result, the insider received 166,846 and left with 361,319 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, EB now has a Market Capitalization of 278693216 and an Enterprise Value of 8617306. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.59. Its current Enterprise Value per Revenue stands at 0.025 whereas that against EBITDA is -0.546.
Stock Price History:
Over the past 52 weeks, EB has reached a high of $10.75, while it has fallen to a 52-week low of $2.51. The 50-Day Moving Average of the stock is -37.95%, while the 200-Day Moving Average is calculated to be -53.66%.
Shares Statistics:
The stock has traded on average 2.11M shares per day over the past 3-months and 4006930 shares per day over the last 10 days, according to various share statistics. A total of 85.61M shares are outstanding, with a floating share count of 75.90M. Insiders hold about 24.95% of the company’s shares, while institutions hold 77.26% stake in the company. Shares short for EB as of 1722384000 were 7822929 with a Short Ratio of 3.71, compared to 1719532800 on 9113574. Therefore, it implies a Short% of Shares Outstanding of 7822929 and a Short% of Float of 9.9.
