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, Confluent Inc (NASDAQ: CFLT) closed at $28.49 down -3.29% from its previous closing price of $29.46. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 5.94 million shares were traded. CFLT stock price reached its highest trading level at $29.8999 during the session, while it also had its lowest trading level at $28.35.
Ratios:
For a deeper understanding of Confluent Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.15 and its Current Ratio is at 4.15. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.18.
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 this company, Robert W. Baird on September 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $23.
On August 09, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $25.
On June 11, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $35.Evercore ISI initiated its Outperform rating on June 11, 2024, with a $35 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 Dec 13 ’24 when Narkhede Neha sold 186,300 shares for $30.65 per share. The transaction valued at 5,710,300 led to the insider holds 20,247 shares of the business.
Phan Kong sold 12,460 shares of CFLT for $389,951 on Dec 12 ’24. The Chief Accounting Officer now owns 183,886 shares after completing the transaction at $31.30 per share. On Dec 12 ’24, another insider, Caimi Lara, who serves as the Director of the company, sold 34,500 shares for $31.32 each. As a result, the insider received 1,080,540 and left with 7,160 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, CFLT now has a Market Capitalization of 9344577536 and an Enterprise Value of 8598087680. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.21 while its Price-to-Book (P/B) ratio in mrq is 9.98. Its current Enterprise Value per Revenue stands at 9.391 whereas that against EBITDA is -24.236.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $35.07, while it has fallen to a 52-week low of $17.79. The 50-Day Moving Average of the stock is 3.80%, while the 200-Day Moving Average is calculated to be 8.39%.
Shares Statistics:
For the past three months, CFLT has traded an average of 4.09M shares per day and 3656820 over the past ten days. A total of 257.42M shares are outstanding, with a floating share count of 247.27M. Insiders hold about 24.61% of the company’s shares, while institutions hold 68.83% stake in the company. Shares short for CFLT as of 1732838400 were 14136180 with a Short Ratio of 3.45, compared to 1730332800 on 17331758. Therefore, it implies a Short% of Shares Outstanding of 14136180 and a Short% of Float of 5.54.
