Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify 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
The price of Radnet Inc (NASDAQ: RDNT) closed at $66.24 in the last session, down -2.03% from day before closing price of $67.61. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 0.5 million shares were traded. RDNT stock price reached its highest trading level at $68.655 during the session, while it also had its lowest trading level at $65.57.
Ratios:
We take a closer look at RDNT’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 6.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.10. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 1.95 whereas as Long-Term Debt/Eq ratio is at 1.86.
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 the company, Barclays on September 06, 2024, Upgraded its rating to Overweight and sets its target price to $79 from $57 previously.
On March 06, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $48.
On August 31, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.Truist initiated its Buy rating on August 31, 2023, with a $40 target price.
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 Aug 21 ’24 when Murdock Michael N sold 15,000 shares for $62.78 per share. The transaction valued at 941,702 led to the insider holds 48,144 shares of the business.
Murdock Michael N bought 15,000 shares of RDNT for $937,500 on Aug 20 ’24. On Jun 18 ’24, another insider, Patel Mital, who serves as the EVP, Chief Admin Officer of the company, sold 29,800 shares for $59.00 each. As a result, the insider received 1,758,200 and left with 202,146 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, RDNT now has a Market Capitalization of 4898931200 and an Enterprise Value of 6087366656. As of this moment, Radnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 451.23, and their Forward P/E ratio for the next fiscal year is 99.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 37.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.86 while its Price-to-Book (P/B) ratio in mrq is 5.56. Its current Enterprise Value per Revenue stands at 3.552 whereas that against EBITDA is 25.136.
Stock Price History:
Over the past 52 weeks, RDNT has reached a high of $72.18, while it has fallen to a 52-week low of $25.11. The 50-Day Moving Average of the stock is -0.38%, while the 200-Day Moving Average is calculated to be 21.23%.
Shares Statistics:
According to the various share statistics, RDNT traded on average about 557.98K shares per day over the past 3-months and 451080 shares per day over the past 10 days. A total of 67.96M shares are outstanding, with a floating share count of 63.87M. Insiders hold about 13.64% of the company’s shares, while institutions hold 83.39% stake in the company. Shares short for RDNT as of 1727654400 were 3217035 with a Short Ratio of 5.77, compared to 1724976000 on 2979945. Therefore, it implies a Short% of Shares Outstanding of 3217035 and a Short% of Float of 5.1799998.
