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, Staar Surgical Co (NASDAQ: STAA) closed at $26.14 down -0.91% from its previous closing price of $26.38. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 0.84 million shares were traded. STAA stock price reached its highest trading level at $26.655 during the session, while it also had its lowest trading level at $26.0201.
Ratios:
For a deeper understanding of Staar Surgical Co’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 5.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.98. For the most recent quarter (mrq), Quick Ratio is recorded 5.38 and its Current Ratio is at 5.99. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, Morgan Stanley on July 15, 2024, Downgraded its rating to Underweight and sets its target price to $37 from $50 previously.
On June 11, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $46.
Stifel Upgraded its Hold to Buy on March 11, 2024, whereas the target price for the stock was revised from $30 to $50.
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 Aug 12 ’24 when Butcher Arthur C bought 1,315 shares for $37.99 per share. The transaction valued at 49,957 led to the insider holds 4,208 shares of the business.
BROADWOOD PARTNERS, L.P. bought 1 shares of STAA for $43 on May 09 ’24. The 10% Owner now owns 10,768,431 shares after completing the transaction at $42.56 per share. On Mar 14 ’24, another insider, WEISNER AIMEE S, who serves as the Director of the company, bought 1,750 shares for $38.11 each. As a result, the insider paid 66,692 and bolstered with 10,864 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, STAA now has a Market Capitalization of 1288071936 and an Enterprise Value of 1091695104. As of this moment, Staar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.67, and their Forward P/E ratio for the next fiscal year is 30.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 3.01. Its current Enterprise Value per Revenue stands at 3.199 whereas that against EBITDA is 32.996.
Stock Price History:
Over the past 52 weeks, STAA has reached a high of $52.68, while it has fallen to a 52-week low of $26.06. The 50-Day Moving Average of the stock is -16.05%, while the 200-Day Moving Average is calculated to be -30.44%.
Shares Statistics:
For the past three months, STAA has traded an average of 726.12K shares per day and 653810 over the past ten days. A total of 49.28M shares are outstanding, with a floating share count of 48.96M. Insiders hold about 0.65% of the company’s shares, while institutions hold 98.03% stake in the company. Shares short for STAA as of 1730332800 were 2918559 with a Short Ratio of 4.02, compared to 1727654400 on 5058411. Therefore, it implies a Short% of Shares Outstanding of 2918559 and a Short% of Float of 11.799999999999999.
Earnings Estimates
The market rating of Staar Surgical Co (STAA) is currently shaped by the ongoing analysis conducted by 9.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.12, with high estimates of $0.17 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.81 and $0.47 for the fiscal current year, implying an average EPS of $0.7. EPS for the following year is $0.82, with 8.0 analysts recommending between $1.03 and $0.61.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $77.84M this quarter.It ranges from a high estimate of $81.4M to a low estimate of $74.02M. As of the current estimate, Staar Surgical Co’s year-ago sales were $76.27MFor the next quarter, 11 analysts are estimating revenue of $84.84M. There is a high estimate of $90.5M for the next quarter, whereas the lowest estimate is $79.1M.
A total of 14 analysts have provided revenue estimates for STAA’s current fiscal year. The highest revenue estimate was $345.2M, while the lowest revenue estimate was $338.97M, resulting in an average revenue estimate of $342.71M. In the same quarter a year ago, actual revenue was $322.42MBased on 14 analysts’ estimates, the company’s revenue will be $386.36M in the next fiscal year. The high estimate is $407M and the low estimate is $364M.
