Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify 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
The closing price of Healthequity Inc (NASDAQ: HQY) was $78.48 for the day, up 0.08% from the previous closing price of $78.42. In other words, the price has increased by $0.08 from its previous closing price. On the day, 0.52 million shares were traded. HQY stock price reached its highest trading level at $80.3 during the session, while it also had its lowest trading level at $77.7844.
Ratios:
Our analysis of HQY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.88. For the most recent quarter (mrq), Quick Ratio is recorded 4.39 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.46.
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, JMP Securities on April 04, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $101.
On April 02, 2024, JP Morgan reiterated its Overweight rating and also lowered its target price recommendation from $86 to $108.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $84.Barclays initiated its Overweight rating on January 03, 2024, with a $84 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 25 ’24 when Neeleman Stephen sold 35,000 shares for $79.86 per share. The transaction valued at 2,795,130 led to the insider holds 89,769 shares of the business.
Wellborn Gayle Furgurson sold 5,297 shares of HQY for $430,858 on Jul 09 ’24. The Director now owns 17,730 shares after completing the transaction at $81.34 per share. On Jul 08 ’24, another insider, Corvino Frank, who serves as the Former Director of the company, sold 7,705 shares for $81.89 each. As a result, the insider received 630,932 and left with 6,070 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, HQY now has a Market Capitalization of 6939288576 and an Enterprise Value of 7555822080. As of this moment, Healthequity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 85.43, and their Forward P/E ratio for the next fiscal year is 21.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.55 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 7.246 whereas that against EBITDA is 25.334.
Stock Price History:
Over the past 52 weeks, HQY has reached a high of $88.26, while it has fallen to a 52-week low of $61.81. The 50-Day Moving Average of the stock is -3.40%, while the 200-Day Moving Average is calculated to be 2.56%.
Shares Statistics:
HQY traded an average of 656.36K shares per day over the past three months and 695110 shares per day over the past ten days. A total of 86.13M shares are outstanding, with a floating share count of 84.91M. Insiders hold about 2.42% of the company’s shares, while institutions hold 100.35% stake in the company. Shares short for HQY as of 1721001600 were 3972009 with a Short Ratio of 6.05, compared to 1718323200 on 3280730. Therefore, it implies a Short% of Shares Outstanding of 3972009 and a Short% of Float of 5.33.
