The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing 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
The closing price of Confluent Inc (NASDAQ: CFLT) was $19.39 for the day, down -0.51% from the previous closing price of $19.49. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 1.7 million shares were traded. CFLT stock price reached its highest trading level at $19.645 during the session, while it also had its lowest trading level at $19.315.
Ratios:
Our analysis of CFLT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.35 and its Current Ratio is at 4.35. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.26.
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, Robert W. Baird on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On August 09, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $25.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.Evercore ISI initiated its Outperform rating on June 11, 2024, with a $35 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 04 ’24 when Kreps Edward Jay sold 232,500 shares for $19.99 per share. The transaction valued at 4,647,675 led to the insider holds 452,488 shares of the business.
EDWARD JAY KREPS bought 232,500 shares of CFLT for $4,736,025 on Sep 04 ’24. On Aug 20 ’24, another insider, Buscemi Stephanie, who serves as the CHIEF MARKETING OFFICER of the company, sold 3,866 shares for $21.68 each. As a result, the insider received 83,815 and left with 161,673 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, CFLT now has a Market Capitalization of 6257598976 and an Enterprise Value of 5439786496. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.11 while its Price-to-Book (P/B) ratio in mrq is 7.15. Its current Enterprise Value per Revenue stands at 6.284 whereas that against EBITDA is -14.651.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.07, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is -15.17%, while the 200-Day Moving Average is calculated to be -26.56%.
Shares Statistics:
CFLT traded an average of 4.32M shares per day over the past three months and 3968200 shares per day over the past ten days. A total of 317.34M shares are outstanding, with a floating share count of 233.71M. Insiders hold about 26.35% of the company’s shares, while institutions hold 73.37% stake in the company. Shares short for CFLT as of 1723680000 were 21551982 with a Short Ratio of 4.98, compared to 1721001600 on 25021763. Therefore, it implies a Short% of Shares Outstanding of 21551982 and a Short% of Float of 8.72.
