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
Independence Realty Trust Inc (NYSE: IRT) closed the day trading at $19.74 up 0.82% from the previous closing price of $19.58. In other words, the price has increased by $0.82 from its previous closing price. On the day, 1.05 million shares were traded. IRT stock price reached its highest trading level at $19.76 during the session, while it also had its lowest trading level at $19.57.
Ratios:
For a better understanding of IRT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 93.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.01. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.64.
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, Deutsche Bank on January 30, 2024, initiated with a Buy rating and assigned the stock a target price of $18.
On December 15, 2023, BMO Capital Markets Downgraded its rating to Underperform which previously was Market Perform and also upped its target price recommendation from $14 to $15.
BMO Capital Markets Downgraded its Outperform to Market Perform on July 18, 2023, while the target price for the stock was maintained at $19.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IRT now has a Market Capitalization of 4561163776 and an Enterprise Value of 6766178816. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.79 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 10.408 whereas that against EBITDA is 19.121.
Stock Price History:
Over the past 52 weeks, IRT has reached a high of $20.08, while it has fallen to a 52-week low of $11.52. The 50-Day Moving Average of the stock is 5.00%, while the 200-Day Moving Average is calculated to be 22.12%.
Shares Statistics:
Over the past 3-months, IRT traded about 2.47M shares per day on average, while over the past 10 days, IRT traded about 1284610 shares per day. A total of 224.71M shares are outstanding, with a floating share count of 223.21M. Insiders hold about 0.85% of the company’s shares, while institutions hold 95.36% stake in the company. Shares short for IRT as of 1722384000 were 9041682 with a Short Ratio of 3.65, compared to 1719532800 on 10779505. Therefore, it implies a Short% of Shares Outstanding of 9041682 and a Short% of Float of 5.82.
Dividends & Splits
IRT’s forward annual dividend rate is 0.64, up from 0.64 a year ago. Against a Trailing Annual Dividend Yield of 0.032686412The stock’s 5-year Average Dividend Yield is 3.67.
Earnings Estimates
A detailed examination of Independence Realty Trust Inc (IRT) is currently in progress, with 3.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.1, with high estimates of $0.14 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.37 and $0.27 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.33, with 3.0 analysts recommending between $0.41 and $0.28.
Revenue Estimates
For the next quarter, 6 analysts are estimating revenue of $161.12M. There is a high estimate of $164.54M for the next quarter, whereas the lowest estimate is $158.97M.
A total of 6 analysts have provided revenue estimates for IRT’s current fiscal year. The highest revenue estimate was $646.14M, while the lowest revenue estimate was $636.5M, resulting in an average revenue estimate of $640.8M. In the same quarter a year ago, actual revenue was $660.98MBased on 6 analysts’ estimates, the company’s revenue will be $663.61M in the next fiscal year. The high estimate is $674.04M and the low estimate is $649.05M.
