Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
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, Automatic Data Processing Inc. (NASDAQ: ADP) closed at $235.63 up 0.63% from its previous closing price of $234.15. In other words, the price has increased by $0.63 from its previous closing price. On the day, 1.81 million shares were traded. ADP stock price reached its highest trading level at $238.22 during the session, while it also had its lowest trading level at $233.14.
Ratios:
For a deeper understanding of Automatic Data Processing Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.71.
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, BofA Securities on January 17, 2024, Upgraded its rating to Neutral and sets its target price to $243 from $217 previously.
On November 07, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $235.UBS initiated its Neutral rating on November 07, 2023, with a $235 target price.
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 Jun 13 ’24 when DeSilva Joseph sold 376 shares for $244.27 per share. The transaction valued at 91,846 led to the insider holds 16,019 shares of the business.
KUTAM SREENIVASA sold 368 shares of ADP for $90,900 on Mar 04 ’24. The Corp VP now owns 20,319 shares after completing the transaction at $247.01 per share. On Mar 01 ’24, another insider, Albinson Brock, who serves as the Corp. VP of the company, sold 1,170 shares for $249.43 each. As a result, the insider received 291,833 and left with 4,025 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, ADP now has a Market Capitalization of 96441245696 and an Enterprise Value of 96544718848. As of this moment, Automatic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.31, and their Forward P/E ratio for the next fiscal year is 23.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.10 while its Price-to-Book (P/B) ratio in mrq is 20.87. Its current Enterprise Value per Revenue stands at 5.105 whereas that against EBITDA is 17.595.
Stock Price History:
The Beta on a monthly basis for ADP is 0.79, which has changed by 0.026844501 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, ADP has reached a high of $256.84, while it has fallen to a 52-week low of $205.53. The 50-Day Moving Average of the stock is -3.54%, while the 200-Day Moving Average is calculated to be -2.11%.
Shares Statistics:
For the past three months, ADP has traded an average of 1.49M shares per day and 1720440 over the past ten days. A total of 412.10M shares are outstanding, with a floating share count of 408.73M. Insiders hold about 0.14% of the company’s shares, while institutions hold 81.74% stake in the company. Shares short for ADP as of 1718323200 were 4506913 with a Short Ratio of 3.22, compared to 1715731200 on 4142715. Therefore, it implies a Short% of Shares Outstanding of 4506913 and a Short% of Float of 1.0999999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for ADP is 5.45, from 5.3 in the trailing year. Against a Trailing Annual Dividend Yield of 0.022635065The stock’s 5-year Average Dividend Yield is 2.01. The current Payout Ratio is 58.36% for ADP, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2014-10-01 when the company split stock in a 1139:1000 ratio.
