The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of CBL International Ltd (NASDAQ: BANL) was $0.86 for the day, down -6.81% from the previous closing price of $0.93. In other words, the price has decreased by -$6.81 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
Our analysis of BANL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 03 ’24 when Straits Energy Resources Berha bought 250,000 shares for $0.81 per share.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 4.63.
Stock Price History:
Over the past 52 weeks, BANL has reached a high of $1.35, while it has fallen to a 52-week low of $0.55. The 50-Day Moving Average of the stock is -4.62%, while the 200-Day Moving Average is calculated to be -11.32%.
Shares Statistics:
A total of 27.50M shares are outstanding, with a floating share count of 4.18M. Insiders hold about 84.80% of the company’s shares, while institutions hold 0.29% stake in the company.
