Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
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 Longboard Pharmaceuticals Inc (NASDAQ: LBPH) closed at $37.27 in the last session, up 7.13% from day before closing price of $34.79. In other words, the price has increased by $7.13 from its previous closing price. On the day, 1.15 million shares were traded. LBPH stock price reached its highest trading level at $37.64 during the session, while it also had its lowest trading level at $34.4795.
Ratios:
We take a closer look at LBPH’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 20.95 and its Current Ratio is at 20.95. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, Cantor Fitzgerald on July 01, 2024, Reiterated its Overweight rating but revised its target price to $90 from $60 previously.
On May 01, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $36.
On February 16, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $40.Citigroup initiated its Buy rating on February 16, 2024, with a $40 target price.
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 Jan 23 ’24 when Kaye Randall bought 100 shares for $24.82 per share. The transaction valued at 2,482 led to the insider holds 100 shares of the business.
Kaye Randall sold 16,667 shares of LBPH for $578,804 on Aug 12 ’24. The CMO now owns 17,920 shares after completing the transaction at $34.73 per share. On Jun 25 ’24, another insider, Kaye Randall, who serves as the CMO of the company, sold 100 shares for $20.87 each. As a result, the insider received 2,087 and left with 0 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, LBPH now has a Market Capitalization of 1353314688 and an Enterprise Value of 1148774144.
Stock Price History:
Over the past 52 weeks, LBPH has reached a high of $40.48, while it has fallen to a 52-week low of $3.60. The 50-Day Moving Average of the stock is 16.80%, while the 200-Day Moving Average is calculated to be 80.93%.
Shares Statistics:
According to the various share statistics, LBPH traded on average about 589.49K shares per day over the past 3-months and 461590 shares per day over the past 10 days. A total of 38.90M shares are outstanding, with a floating share count of 33.46M. Insiders hold about 13.98% of the company’s shares, while institutions hold 99.70% stake in the company. Shares short for LBPH as of 1722384000 were 4959631 with a Short Ratio of 8.41, compared to 1719532800 on 4304699. Therefore, it implies a Short% of Shares Outstanding of 4959631 and a Short% of Float of 16.85.
