In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
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 $217.10 in the prior trading day, Progressive Corp. (NYSE: PGR) closed at $210.00, down -3.27%. In other words, the price has decreased by -$3.27 from its previous closing price. On the day, 3.44 million shares were traded. PGR stock price reached its highest trading level at $223.84 during the session, while it also had its lowest trading level at $208.37.
Ratios:
Our goal is to gain a better understanding of PGR by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.
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, Morgan Stanley on March 06, 2024, Upgraded its rating to Overweight and sets its target price to $227 from $185 previously.
On January 10, 2024, TD Cowen started tracking the stock assigning a Market Perform rating and target price of $174.
On December 28, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $164.HSBC Securities initiated its Hold rating on December 28, 2023, with a $164 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 Jun 28 ’24 when Sauerland John P sold 10,000 shares for $210.40 per share. The transaction valued at 2,104,000 led to the insider holds 302,958 shares of the business.
Broz Steven sold 3,050 shares of PGR for $639,920 on Jun 24 ’24. The Chief Information Officer now owns 32,453 shares after completing the transaction at $209.81 per share. On Jun 18 ’24, another insider, Bauer Jonathan S., who serves as the Chief Investment Officer of the company, sold 2,047 shares for $209.10 each. As a result, the insider received 428,028 and left with 24,720 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, PGR now has a Market Capitalization of 122989854720 and an Enterprise Value of 132563615744. As of this moment, Progressive’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.50, and their Forward P/E ratio for the next fiscal year is 16.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 5.64. Its current Enterprise Value per Revenue stands at 2.039 whereas that against EBITDA is 16.854.
Stock Price History:
The Beta on a monthly basis for PGR is 0.35, which has changed by 0.7763492 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, PGR has reached a high of $217.77, while it has fallen to a 52-week low of $117.12. The 50-Day Moving Average of the stock is 0.11%, while the 200-Day Moving Average is calculated to be 13.98%.
Shares Statistics:
The stock has traded on average 2.54M shares per day over the past 3-months and 2334220 shares per day over the last 10 days, according to various share statistics. A total of 585.30M shares are outstanding, with a floating share count of 584.04M. Insiders hold about 0.28% of the company’s shares, while institutions hold 86.60% stake in the company. Shares short for PGR as of 1719532800 were 4614418 with a Short Ratio of 1.82, compared to 1717113600 on 5710361. Therefore, it implies a Short% of Shares Outstanding of 4614418 and a Short% of Float of 0.7900001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.87. The current Payout Ratio is 17.48% for PGR, which recently paid a dividend on 2024-07-03 with an ex-dividend date of 1719964800. Stock splits for the company last occurred on 2006-05-19 when the company split stock in a 4:1 ratio.
