Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting 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 IO Biotech Inc (NASDAQ: IOBT) closed at $1.10 in the last session, down -10.57% from day before closing price of $1.23. In other words, the price has decreased by -$10.57 from its previous closing price. On the day, 2.69 million shares were traded. IOBT stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.0.
Ratios:
We take a closer look at IOBT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 7.84 and its Current Ratio is at 7.84. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 Sep 11 ’24 when Novo Holdings A/S bought 1,000,000 shares for $0.84 per share.
Novo Holdings A/S sold 51,522 shares of IOBT for $68,339 on Jul 25 ’24. The 10% Owner now owns 4,377,927 shares after completing the transaction at $1.33 per share. On Jul 26 ’24, another insider, Novo Holdings A/S, who serves as the 10% Owner of the company, sold 23,478 shares for $1.31 each. As a result, the insider received 30,787 and left with 4,354,449 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, IOBT now has a Market Capitalization of 72468992 and an Enterprise Value of -26127994.
Stock Price History:
Over the past 52 weeks, IOBT has reached a high of $2.10, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -0.18%, while the 200-Day Moving Average is calculated to be -20.47%.
Shares Statistics:
According to the various share statistics, IOBT traded on average about 411.56K shares per day over the past 3-months and 360600 shares per day over the past 10 days. A total of 65.88M shares are outstanding, with a floating share count of 44.87M. Insiders hold about 31.89% of the company’s shares, while institutions hold 43.98% stake in the company. Shares short for IOBT as of 1728950400 were 277050 with a Short Ratio of 0.67, compared to 1726185600 on 122135. Therefore, it implies a Short% of Shares Outstanding of 277050 and a Short% of Float of 1.15.
