In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks 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 Akamai Technologies Inc (NASDAQ: AKAM) closed at $93.78 in the last session, up 1.41% from day before closing price of $92.48. In other words, the price has increased by $1.41 from its previous closing price. On the day, 1.41 million shares were traded. AKAM stock price reached its highest trading level at $93.82 during the session, while it also had its lowest trading level at $92.38.
Ratios:
We take a closer look at AKAM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.19. For the most recent quarter (mrq), Quick Ratio is recorded 3.19 and its Current Ratio is at 3.19. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.94.
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, Scotiabank on July 08, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $110.
On March 07, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $128 to $135.
HSBC Securities Downgraded its Hold to Reduce on February 15, 2024, whereas the target price for the stock was revised from $109 to $96.
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 Jun 14 ’24 when Blumofe Robert sold 3,000 shares for $88.34 per share. The transaction valued at 265,020 led to the insider holds 24,729 shares of the business.
Blumofe Robert sold 219 shares of AKAM for $19,346 on Jun 14 ’24. The Chief Technology Officer now owns 24,510 shares after completing the transaction at $88.34 per share. On May 28 ’24, another insider, Wagner William Raymond, who serves as the Director of the company, sold 1,000 shares for $93.54 each. As a result, the insider received 93,540 and left with 14,519 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, AKAM now has a Market Capitalization of 14284286976 and an Enterprise Value of 17182515200. As of this moment, Akamai’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.35, and their Forward P/E ratio for the next fiscal year is 13.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.68 while its Price-to-Book (P/B) ratio in mrq is 3.08. Its current Enterprise Value per Revenue stands at 4.425 whereas that against EBITDA is 15.467.
Stock Price History:
The Beta on a monthly basis for AKAM is 0.67, which has changed by 0.008061886 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, AKAM has reached a high of $129.17, while it has fallen to a 52-week low of $87.59. The 50-Day Moving Average of the stock is 0.56%, while the 200-Day Moving Average is calculated to be -12.46%.
Shares Statistics:
According to the various share statistics, AKAM traded on average about 1.73M shares per day over the past 3-months and 1287700 shares per day over the past 10 days. A total of 151.23M shares are outstanding, with a floating share count of 149.47M. Insiders hold about 1.87% of the company’s shares, while institutions hold 95.57% stake in the company. Shares short for AKAM as of 1718323200 were 7356295 with a Short Ratio of 4.26, compared to 1715731200 on 7800318. Therefore, it implies a Short% of Shares Outstanding of 7356295 and a Short% of Float of 5.59.
