Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
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 Varex Imaging Corp (NASDAQ: VREX) was $14.27 for the day, down -1.25% from the previous closing price of $14.45. In other words, the price has decreased by -$1.25 from its previous closing price. On the day, 0.57 million shares were traded. VREX stock price reached its highest trading level at $14.6 during the session, while it also had its lowest trading level at $14.2.
Ratios:
Our analysis of VREX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 3.34. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.72.
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, B. Riley Securities on August 23, 2024, initiated with a Buy rating and assigned the stock a target price of $21.
On October 12, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $24.
Oppenheimer Upgraded its Perform to Outperform on February 05, 2021, while the target price for the stock was maintained at $41.
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 Aug 20 ’24 when Honeysett Kimberley E. sold 2,578 shares for $12.53 per share. The transaction valued at 32,302 led to the insider holds 275 shares of the business.
Honeysett Kimberley E. bought 2,578 shares of VREX for $32,302 on Aug 20 ’24. On Aug 12 ’24, another insider, Maheshwari Shubham, who serves as the Chief Financial Officer of the company, bought 10,000 shares for $10.82 each. As a result, the insider paid 108,200 and bolstered with 56,063 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, VREX now has a Market Capitalization of 588397760 and an Enterprise Value of 878043008. As of this moment, Varex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.76, and their Forward P/E ratio for the next fiscal year is 23.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 1.054 whereas that against EBITDA is 11.143.
Stock Price History:
Over the past 52 weeks, VREX has reached a high of $21.50, while it has fallen to a 52-week low of $10.19. The 50-Day Moving Average of the stock is 18.67%, while the 200-Day Moving Average is calculated to be -3.93%.
Shares Statistics:
VREX traded an average of 673.60K shares per day over the past three months and 563930 shares per day over the past ten days. A total of 40.53M shares are outstanding, with a floating share count of 40.40M. Insiders hold about 1.23% of the company’s shares, while institutions hold 100.24% stake in the company. Shares short for VREX as of 1728950400 were 1769601 with a Short Ratio of 2.63, compared to 1726185600 on 2473049. Therefore, it implies a Short% of Shares Outstanding of 1769601 and a Short% of Float of 6.6000000000000005.
