Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify 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 Appian Corp (NASDAQ: APPN) was $36.94 for the day, down -0.22% from the previous closing price of $37.02. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 1.15 million shares were traded. APPN stock price reached its highest trading level at $37.32 during the session, while it also had its lowest trading level at $36.11.
Ratios:
Our analysis of APPN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.21.
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, DA Davidson on Aug-01-24, Downgraded its rating to Neutral and sets its target price to $33 from $37 previously.
On January 11, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $47 to $45.
DA Davidson Upgraded its Neutral to Buy on November 07, 2023, whereas the target price for the stock was revised from $50 to $55.
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 Jul 31 ’24 when Abdiel Capital Advisors, LP bought 150,000 shares for $36.74 per share. The transaction valued at 5,511,032 led to the insider holds 8,105,847 shares of the business.
Abdiel Capital Advisors, LP bought 150,000 shares of APPN for $5,549,750 on Jul 30 ’24. The 10% Owner now owns 7,955,847 shares after completing the transaction at $37.00 per share. On Jul 29 ’24, another insider, Abdiel Capital Advisors, LP, who serves as the 10% Owner of the company, bought 150,000 shares for $37.76 each. As a result, the insider paid 5,664,000 and bolstered with 7,805,847 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, APPN now has a Market Capitalization of 2724827392 and an Enterprise Value of 2828971264. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.77. Its current Enterprise Value per Revenue stands at 5.052 whereas that against EBITDA is -36.998.
Stock Price History:
Over the past 52 weeks, APPN has reached a high of $52.99, while it has fallen to a 52-week low of $26.28. The 50-Day Moving Average of the stock is 17.85%, while the 200-Day Moving Average is calculated to be 5.25%.
Shares Statistics:
APPN traded an average of 609.43K shares per day over the past three months and 870290 shares per day over the past ten days. A total of 42.17M shares are outstanding, with a floating share count of 39.91M. Insiders hold about 44.76% of the company’s shares, while institutions hold 47.10% stake in the company. Shares short for APPN as of 1721001600 were 3567806 with a Short Ratio of 5.85, compared to 1718323200 on 3871733. Therefore, it implies a Short% of Shares Outstanding of 3567806 and a Short% of Float of 8.939999.
