Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase 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 price of Alta Equipment Group Inc (NYSE: ALTG) closed at $7.99 in the last session, down -5.56% from day before closing price of $8.46. In other words, the price has decreased by -$5.56 from its previous closing price. On the day, 0.54 million shares were traded. ALTG stock price reached its highest trading level at $8.5 during the session, while it also had its lowest trading level at $7.85.
Ratios:
We take a closer look at ALTG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 9.99 whereas as Long-Term Debt/Eq ratio is at 6.61.
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, Northland Capital on September 23, 2022, initiated with a Outperform rating and assigned the stock a target price of $25.
On January 04, 2022, B. Riley Securities reiterated its Buy rating and also lowered its target price recommendation from $21 to $22.
Raymond James Upgraded its Mkt Perform to Outperform on May 14, 2021, whereas the target price for the stock was revised from $12.50 to $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 02 ’24 when Voss Capital, LP sold 11,311 shares for $6.31 per share. The transaction valued at 71,344 led to the insider holds 963,689 shares of the business.
STUDDERT ANDREW P bought 10,000 shares of ALTG for $56,478 on Aug 12 ’24. The Director now owns 86,591 shares after completing the transaction at $5.65 per share. On Aug 02 ’24, another insider, Mill Road Capital III, L.P., who serves as the 10% Owner of the company, bought 54,200 shares for $9.14 each. As a result, the insider paid 495,431 and bolstered with 4,063,708 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, ALTG now has a Market Capitalization of 279963200 and an Enterprise Value of 1521509376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 0.794 whereas that against EBITDA is 9.216.
Stock Price History:
Over the past 52 weeks, ALTG has reached a high of $13.67, while it has fallen to a 52-week low of $5.40. The 50-Day Moving Average of the stock is 23.09%, while the 200-Day Moving Average is calculated to be -12.10%.
Shares Statistics:
According to the various share statistics, ALTG traded on average about 326.42K shares per day over the past 3-months and 398940 shares per day over the past 10 days. A total of 32.37M shares are outstanding, with a floating share count of 20.10M. Insiders hold about 39.27% of the company’s shares, while institutions hold 58.58% stake in the company. Shares short for ALTG as of 1728950400 were 2813298 with a Short Ratio of 8.52, compared to 1726185600 on 2380230. Therefore, it implies a Short% of Shares Outstanding of 2813298 and a Short% of Float of 12.1199995.
Dividends & Splits
The forward annual dividend rate for ALTG is 0.23, which was 0.228 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.026950354
