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
In the latest session, Hormel Foods Corp. (NYSE: HRL) closed at $32.44 up 0.34% from its previous closing price of $32.33. In other words, the price has increased by $0.34 from its previous closing price. On the day, 1.53 million shares were traded. HRL stock price reached its highest trading level at $32.68 during the session, while it also had its lowest trading level at $32.275.
Ratios:
For a deeper understanding of Hormel Foods Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.36.
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, Citigroup on August 13, 2024, Upgraded its rating to Buy and sets its target price to $37 from $33 previously.
On May 31, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $28 to $29.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $31.Citigroup initiated its Neutral rating on February 01, 2024, with a $31 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 27 ’24 when Losness-Larson Katherine M bought 830 shares for $30.12 per share. The transaction valued at 25,000 led to the insider holds 15,905 shares of the business.
Murano Elsa A sold 4,300 shares of HRL for $151,068 on Apr 02 ’24. The Director now owns 94,583 shares after completing the transaction at $35.13 per share. On Apr 02 ’24, another insider, Ourada Mark J, who serves as the GROUP VICE PRESIDENT of the company, sold 13,800 shares for $35.50 each. As a result, the insider received 489,900 and left with 28,050 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, HRL now has a Market Capitalization of 17787015168 and an Enterprise Value of 20097943552. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.20, and their Forward P/E ratio for the next fiscal year is 19.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 1.668 whereas that against EBITDA is 15.436.
Stock Price History:
Over the past 52 weeks, HRL has reached a high of $40.12, while it has fallen to a 52-week low of $28.51. The 50-Day Moving Average of the stock is 3.76%, while the 200-Day Moving Average is calculated to be 0.11%.
Shares Statistics:
For the past three months, HRL has traded an average of 2.43M shares per day and 1813020 over the past ten days. A total of 546.60M shares are outstanding, with a floating share count of 290.09M. Insiders hold about 47.09% of the company’s shares, while institutions hold 41.67% stake in the company. Shares short for HRL as of 1722384000 were 8930615 with a Short Ratio of 3.68, compared to 1719532800 on 9547068. Therefore, it implies a Short% of Shares Outstanding of 8930615 and a Short% of Float of 1.63.
Dividends & Splits
According to the company, the forward annual dividend rate for HRL is 1.12, from 1.115 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03448809The stock’s 5-year Average Dividend Yield is 2.35.
