Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in 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
After finishing at $25.06 in the prior trading day, Confluent Inc (NASDAQ: CFLT) closed at $24.58, down -1.92%. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 2.4 million shares were traded. CFLT stock price reached its highest trading level at $25.34 during the session, while it also had its lowest trading level at $24.52.
Ratios:
Our goal is to gain a better understanding of CFLT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.97 and its Current Ratio is at 4.97. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.30.
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, Evercore ISI on June 11, 2024, initiated with a Outperform rating and assigned the stock a target price of $35.
On May 17, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $37.
Canaccord Genuity Upgraded its Hold to Buy on May 08, 2024, while the target price for the stock was maintained at $35.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 20 ’24 when Verbowski Chad sold 8,312 shares for $26.76 per share. The transaction valued at 222,402 led to the insider holds 510,347 shares of the business.
Sivaram Rohan sold 858 shares of CFLT for $22,957 on Jun 20 ’24. The CHIEF FINANCIAL OFFICER now owns 578,263 shares after completing the transaction at $26.76 per share. On Jun 12 ’24, another insider, MILLER MATTHEW CRAIG, who serves as the Director of the company, sold 25,000 shares for $27.77 each. As a result, the insider received 694,215 and left with 217,804 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 7812384256 and an Enterprise Value of 7018035712. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.53 while its Price-to-Book (P/B) ratio in mrq is 9.23. Its current Enterprise Value per Revenue stands at 8.56 whereas that against EBITDA is -18.278.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $38.19, while it has fallen to a 52-week low of $14.69. The 50-Day Moving Average of the stock is -11.19%, while the 200-Day Moving Average is calculated to be -8.65%.
Shares Statistics:
The stock has traded on average 3.79M shares per day over the past 3-months and 3682940 shares per day over the last 10 days, according to various share statistics. A total of 317.83M shares are outstanding, with a floating share count of 233.32M. Insiders hold about 26.59% of the company’s shares, while institutions hold 66.89% stake in the company. Shares short for CFLT as of 1721001600 were 25021763 with a Short Ratio of 6.60, compared to 1718323200 on 21562880. Therefore, it implies a Short% of Shares Outstanding of 25021763 and a Short% of Float of 10.35.
