Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting 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, Centerpoint Energy Inc. (NYSE: CNP) closed at $26.04 up 0.97% from its previous closing price of $25.79. In other words, the price has increased by $0.97 from its previous closing price. On the day, 5.02 million shares were traded. CNP stock price reached its highest trading level at $26.08 during the session, while it also had its lowest trading level at $25.65.
Ratios:
For a deeper understanding of Centerpoint Energy Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.79.
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, Wells Fargo on August 13, 2024, Downgraded its rating to Equal Weight and sets its target price to $28 from $32 previously.
JP Morgan Downgraded its Overweight to Neutral on August 02, 2024, whereas the target price for the stock was revised from $32 to $29.
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 May 03 ’24 when Smitherman Barry T sold 5,670 shares for $29.42 per share. The transaction valued at 166,811 led to the insider holds 21,203 shares of the business.
Foster Christopher A bought 5,000 shares of CNP for $140,496 on Nov 29 ’23. The EVP and CFO now owns 147,693 shares after completing the transaction at $28.10 per share. On Nov 13 ’23, another insider, LESAR DAVID J, who serves as the CEO of the company, bought 37,000 shares for $27.12 each. As a result, the insider paid 1,003,440 and bolstered with 37,000 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, CNP now has a Market Capitalization of 16970816512 and an Enterprise Value of 35279818752. As of this moment, Centerpoint’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.11, and their Forward P/E ratio for the next fiscal year is 15.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 4.118 whereas that against EBITDA is 10.974.
Stock Price History:
Over the past 52 weeks, CNP has reached a high of $31.57, while it has fallen to a 52-week low of $25.41. The 50-Day Moving Average of the stock is -10.34%, while the 200-Day Moving Average is calculated to be -8.78%.
Shares Statistics:
For the past three months, CNP has traded an average of 6.51M shares per day and 8540030 over the past ten days. A total of 651.72M shares are outstanding, with a floating share count of 648.61M. Insiders hold about 0.48% of the company’s shares, while institutions hold 101.36% stake in the company. Shares short for CNP as of 1722384000 were 12213481 with a Short Ratio of 1.88, compared to 1719532800 on 17350602. Therefore, it implies a Short% of Shares Outstanding of 12213481 and a Short% of Float of 2.54.
Dividends & Splits
According to the company, the forward annual dividend rate for CNP is 0.80, from 0.79 in the trailing year. Against a Trailing Annual Dividend Yield of 0.030632028The stock’s 5-year Average Dividend Yield is 3.15.
