Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating 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 Analog Devices Inc. (NASDAQ: ADI) was $238.33 for the day, up 2.72% from the previous closing price of $232.01. In other words, the price has increased by $2.72 from its previous closing price. On the day, 4.03 million shares were traded. ADI stock price reached its highest trading level at $239.065 during the session, while it also had its lowest trading level at $233.1.
Ratios:
Our analysis of ADI’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 50.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.59. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.19.
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, TD Cowen on May 23, 2024, Reiterated its Buy rating but revised its target price to $270 from $210 previously.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $250.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $254.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $254 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 01 ’24 when ROCHE VINCENT sold 10,000 shares for $226.70 per share. The transaction valued at 2,267,000 led to the insider holds 51,039 shares of the business.
Bryant Gregory M sold 17,612 shares of ADI for $4,120,212 on Jun 13 ’24. The EVP & Pres. Global Bus. Units now owns 69,241 shares after completing the transaction at $233.94 per share. On Jun 03 ’24, another insider, ROCHE VINCENT, who serves as the Chair & CEO of the company, sold 10,000 shares for $235.09 each. As a result, the insider received 2,350,900 and left with 51,039 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, ADI now has a Market Capitalization of 118263398400 and an Enterprise Value of 124018655232. As of this moment, Analog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.79, and their Forward P/E ratio for the next fiscal year is 29.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.30 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 11.851 whereas that against EBITDA is 25.475.
Stock Price History:
The Beta on a monthly basis for ADI is 1.08, which has changed by 0.2020477 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, ADI has reached a high of $241.88, while it has fallen to a 52-week low of $154.99. The 50-Day Moving Average of the stock is 6.90%, while the 200-Day Moving Average is calculated to be 22.15%.
Shares Statistics:
ADI traded an average of 3.18M shares per day over the past three months and 2378910 shares per day over the past ten days. A total of 496.26M shares are outstanding, with a floating share count of 494.30M. Insiders hold about 0.39% of the company’s shares, while institutions hold 89.05% stake in the company. Shares short for ADI as of 1718323200 were 8828085 with a Short Ratio of 2.78, compared to 1715731200 on 11423508. Therefore, it implies a Short% of Shares Outstanding of 8828085 and a Short% of Float of 1.78.
Dividends & Splits
With its trailing 12-month dividend rate of 3.56, ADI has a forward annual dividend rate of 3.56. Against a Trailing Annual Dividend Yield of 0.015344166The stock’s 5-year Average Dividend Yield is 1.8. The current Payout Ratio is 50.98% for ADI, which recently paid a dividend on 2024-06-04 with an ex-dividend date of 1717459200. Stock splits for the company last occurred on 2000-03-16 when the company split stock in a 2:1 ratio.
