Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of 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, QuidelOrtho Corporation (NASDAQ: QDEL) closed at $42.74 up 1.38% from its previous closing price of $42.16. In other words, the price has increased by $1.38 from its previous closing price. On the day, 0.61 million shares were traded. QDEL stock price reached its highest trading level at $43.17 during the session, while it also had its lowest trading level at $42.035.
Ratios:
For a deeper understanding of QuidelOrtho Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.75.
On September 05, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $40 to $57.
UBS Downgraded its Neutral to Sell on March 04, 2024, whereas the target price for the stock was revised from $70 to $42.
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 Aug 09 ’24 when Carlyle Group Inc. sold 74,134 shares for $41.53 per share. The transaction valued at 3,078,980 led to the insider holds 8,260,183 shares of the business.
Carlyle Group Inc. sold 106,705 shares of QDEL for $4,382,446 on Aug 08 ’24. The 10% Owner now owns 8,334,317 shares after completing the transaction at $41.07 per share. On Aug 07 ’24, another insider, Carlyle Group Inc., who serves as the 10% Owner of the company, sold 78,180 shares for $39.94 each. As a result, the insider received 3,122,840 and left with 8,441,022 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, QDEL now has a Market Capitalization of 2873641216 and an Enterprise Value of 5537240576. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 1.953 whereas that against EBITDA is 9.39.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $75.86, while it has fallen to a 52-week low of $29.74. The 50-Day Moving Average of the stock is -1.92%, while the 200-Day Moving Average is calculated to be -9.08%.
Shares Statistics:
For the past three months, QDEL has traded an average of 1.07M shares per day and 449850 over the past ten days. A total of 66.70M shares are outstanding, with a floating share count of 58.00M. Insiders hold about 13.74% of the company’s shares, while institutions hold 84.65% stake in the company. Shares short for QDEL as of 1726185600 were 4024693 with a Short Ratio of 3.78, compared to 1723680000 on 3974334. Therefore, it implies a Short% of Shares Outstanding of 4024693 and a Short% of Float of 8.76.
