Perimeter Solutions Stock (NYSE:PRM), Trade Ideas

Perimeter Solutions

Perimeter Solutions SA is a global manufacturer of firefighting products and lubricant additives. The company operates in two business segments namely Fire Safety and Specialty Products. Geographically, the company generates the majority of its revenue from the United States.

News

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

ABAT

AGIL

AGRI

AKRO

ASST

ASTR

ATHX

BCEL

BTWN

BXRX

CELU

CHPT

CMND

DADA

ELYS

ETWO

EXAI

FBYD

FEAM

GDHG

HOFV

HUBC

HYLN

INSP

INTZ

LXFR

MGRX

NVAX

ORGN

OTRK

PHIO

PRZO

RETO

SHCR

SILK

SPCB

TCBP

TMDX

Tempest Therapeutics, Inc. - Common Stock

TPST

VINO

VJET

VOXX

VSCO

VSME

WHLR

Gainers


	Tempest Therapeutics, Inc. (NASDAQ: TPST) shares jumped 1067% to $2.80 after the company released new data demonstrating superiority of TPST-1120 arm across multiple study endpoints in first-line hepatocellular carcinoma study.


Why Astra Space Shares Are Trading Lower By 22%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Long Ideas

Pre-Market Outlook

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 5 Materials Stocks That Are Preparing To Pump In October

Earnings

Eurozone

Commodities

Global

CHWY

DZSI

OKTA

UCAR

U.S. stocks traded mostly lower this morning, with the Dow Jones dropping over 100 points on Thursday.

Following the market opening Thursday, the Dow traded down 0.44% to 32,763.39 while the NASDAQ fell 0.10% to 12,922.99. The S&amp;P 500, also fell, dropping, 0.08% to 4,176.37.

Dow Drops Over 100 Points; US Weekly Jobless Claims Rise To 232,000

Perimeter Solutions SA

Primemd Inc

Prime Medicine Inc

Perimeter Solutions SA Warrants (11/11/2024)

PREMIER AFRICAN MINERALS by PREMIER AFRICAN MINERALS LTD.

Premier African Minerals Ltd

Northern Lights Fund Trust III PlanRock Market Neutral Income ETF

Prime Mining Corp

PROM RESOURCES INC by Prom Resources, Inc.

Prom Resources Inc

PARAMOUNT RES LTD A by Paramount Resources Ltd.

Paramount Resources Ltd

Primo Water Corp

Primary Bk

<p>Citigroup  analyst Atif Malik   maintains Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) with a Neutral and lowers the price target from $137 to $120.</p>


Price Target

Analyst Ratings

SLAB

Citigroup Maintains Neutral on Silicon Laboratories, Lowers Price Target to $120

<p>In a compelling showcase of how sports figures leverage their platforms beyond the field, former NFL athletes <strong><a href="https://www.benzinga.com/general/sports/24/04/38358885/joique-bell-to-discuss-journey-from-rookie-to-prominent-nfl-running-back-at-benzinga-draft-event">Joique Bell</a></strong> and<a href="https://www.benzinga.com/markets/cannabis/24/03/37797148/former-nfl-legends-bring-top-cannabis-strains-to-boston-with-launch-of-primitiv"> <strong>Rob Sims</strong></a> shared their philanthropic journeys today (April 25) during the <strong><a href="https://www.youtube.com/watch?v=93htkUYdGNc">Benzinga Sports Business Titans Draft</a></strong> event in Detroit. </p>
<p>The panel, adjacent to the NFL Draft at Campus Martius, highlighted the transformative impact athletes can have in their communities post-retirement.</p>
<h1 class="wp-block-heading"><strong>Athletes Turned Philanthropists</strong></h1>
<p>Moderated by <strong>Rachel Decker,</strong> president of <strong>Detroit Philanthropy</strong>, the conversation delved into the personal motivations behind the athletes&#8217; commitments to giving back. </p>
<p>Bell, a Michigan native and former Detroit Lion, emphasized the influence of his upbringing on his charitable efforts. </p>
<p>&#8220;Growing up, being involved in community service was ingrained in me by my parents,&#8221; Bell said. He discussed his focus on literacy and education through his foundation, which aims to improve reading levels among students within a short period significantly.</p>
<p>Sims, who transitioned from the gridiron to various business and charitable endeavors, highlighted his strategic approach to philanthropy. </p>
<p>&#8220;It&#8217;s about making an impact with the resources we have, ensuring our efforts genuinely help those in need,&#8221; Sims stated. His involvement with local organizations such as Detroit PAL and the Children&#8217;s Center demonstrates his commitment to youth and community health.</p>
<h1 class="wp-block-heading"><strong>Impact And Influence&nbsp;</strong></h1>
<p>The discussion also covered the athletes&#8217; strategies for selecting and managing philanthropic engagements. </p>
<p>Both Bell and Sims stressed the importance of aligning with causes that reflect their values and where they can make a meaningful difference. Bell shared his rigorous approach to vetting organizations before partnering with them, ensuring alignment with his goals to support community development.</p>
<h1 class="wp-block-heading"><strong>Advice For The Next Generation&nbsp;</strong></h1>
<p>As the event drew the attention of young athletes and aspiring philanthropists, Bell and Sims offered advice on starting and running charitable foundations. </p>
<p>&#8220;Understand the work that goes into managing a foundation; it&#8217;s akin to running a business,&#8221; Sims advised. Bell echoed this sentiment, emphasizing the importance of commitment and genuine passion for the cause.</p>
<h1 class="wp-block-heading"><strong>Legacy Beyond The Field&nbsp;</strong></h1>
<p>Reflecting on their legacies, both athletes expressed a desire to be remembered for their contributions off the field as much as their achievements on it. </p>
<p>&#8220;It&#8217;s not just about the sports; it&#8217;s about using our platform to make a lasting impact,&#8221; said Bell.</p>
<p><em>Photo by Dustin Blitchok.</em></p>


Sports

Events

Game Changers: Ex-NFL Players Talk Philanthropy For Today And Next-Gen At Benzinga Titans Draft Event

<p>Citigroup  analyst Ronald Josey   maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Neutral and lowers the price target from $320 to $280.</p>


Citigroup Maintains Neutral on Lithia Motors, Lowers Price Target to $280

<p>Citigroup  analyst David Lebovitz   maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Neutral and lowers the price target from $94 to $91.</p>


BMRN

Citigroup Maintains Neutral on Biomarin Pharmaceutical, Lowers Price Target to $91

<p>Citigroup  analyst Michelle Fang   maintains New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) with a Buy and raises the price target from $66 to $127.</p>


New Oriental Education & Technology Group

Citigroup Maintains Buy on New Oriental Education, Raises Price Target to $127

<p>Citigroup  analyst Andrew Kaplowitz   maintains Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) with a Buy and lowers the price target from $101 to $98.</p>


Citigroup Maintains Buy on Fortive, Lowers Price Target to $98

<p>Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%</p>


Guidance

MSFT

Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%

<p>Citigroup  analyst Anthony Pettinari   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Neutral and lowers the price target from $183 to $181.</p>


Citigroup Maintains Neutral on Packaging Corp of America, Lowers Price Target to $181

<p>Citigroup  analyst Christopher Allen   maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Buy and raises the price target from $22.5 to $24.5.</p>


VIRT

Citigroup Maintains Buy on Virtu Finl, Raises Price Target to $24.5

<p>Citigroup  analyst Thomas Palmer   maintains Bunge Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>) with a Buy and raises the price target from $117 to $122.</p>


Citigroup Maintains Buy on Bunge Global, Raises Price Target to $122

<p>Citigroup  analyst Fatima Boolani   maintains Fastly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) with a Neutral and lowers the price target from $20 to $15.</p>


FSLY

Citigroup Maintains Neutral on Fastly, Lowers Price Target to $15

<p>Citigroup  analyst Fatima Boolani   maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Neutral and lowers the price target from $140 to $117.</p>


AKAM

Citigroup Maintains Neutral on Akamai Techs, Lowers Price Target to $117

<p>Citigroup  analyst Joanne Wuensch   maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Buy and raises the price target from $79 to $85.</p>


Citigroup Maintains Buy on Boston Scientific, Raises Price Target to $85

<p>Citigroup  analyst Patrick Cunningham   maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $390 to $370.</p>


Citigroup Maintains Buy on Sherwin-Williams, Lowers Price Target to $370

<p>Citigroup  analyst Jon Tower   maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3358 to $3369.</p>


Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3369

<p>Citigroup  analyst Jason Gursky   maintains Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) with a Buy and lowers the price target from $252 to $224.</p>


Citigroup Maintains Buy on Boeing, Lowers Price Target to $224

<p>Citigroup  analyst Andrew Kaplowitz   maintains GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Buy and raises the price target from $120.43 to $186.</p>


Citigroup Maintains Buy on GE Aero, Raises Price Target to $186

<p>Citigroup  analyst Jason Gursky   maintains General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) with a Buy and raises the price target from $300 to $320.</p>


Citigroup Maintains Buy on General Dynamics, Raises Price Target to $320

<p>Citigroup  analyst Andrew Kaplowitz   maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Buy and raises the price target from $102 to $110.</p>


Citigroup Maintains Buy on Vertiv Hldgs, Raises Price Target to $110

<p>Citigroup  analyst Atif Malik   maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Buy and raises the price target from $975 to $1025.</p>


LRCX

Citigroup Maintains Buy on Lam Research, Raises Price Target to $1025

Commodity Roundup: Cocoa prices extend gains after surpassing $9,000 on supply woes

Perimeter Solutions SA (PRM) has risen Tuesday morning, with the stock increasing 3.88% in pre-market trading to 7.49. PRM's short-term technical score of 48 indicates that the stock has traded less bullishly over the last month than 52% of stocks on the market. In the Specialty Chemicals industry, which ranks 53 out of 14

Should You Accumulate Perimeter Solutions SA (PRM) Stock Tuesday Morning?

OCGN, DNMR and DERM are among pre market gainers

Overall market sentiment has been high on Perimeter Solutions SA (PRM)  stock lately. PRM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. Perimeter Solutions SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PRM!See Full PRM ReportWhat is St

Is Perimeter Solutions SA (PRM) a Stock to Watch After Gaining 16.67% This Week?

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are some <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> for massive ROI that investors should consider adding to their portfolios as we enter into this year&rsquo;s second quarter.</p>



<p>Penny stocks are shares of small public companies that trade at low prices, typically below $5 per share. While they are considered highly speculative investments, penny stocks can offer several potential advantages and benefits for investors willing to take on higher risk.&nbsp;</p>



<p>Furthermore, penny stocks may improve risk-adjusted returns in bull markets due to their potential for significant price appreciation and leverage. In a bull market, when stock prices are generally rising, penny stocks can experience substantial gains as investor sentiment and risk appetite increase.</p>



<p>My view is that the broader indices such as the <strong>S&amp;P 500 </strong>and the <strong>Nasdaq</strong> will continue to rise, so this could put these penny stocks for massive ROI in good step moving forward.</p>



<p>So here are seven penny stocks for investors to consider adding to their portfolios.</p>



<h2>Grab Holdings (GRAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/grab-300x169.jpg" alt="A group of Grab riders on motorbikes in Bangkok, Thailand."><div>Source: Twinsterphoto / Shutterstock.com</div></div><p><strong>Grab Holdings </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/grab-stock-quote/"><strong>GRAB</strong></a>), a ride-hailing platform, has shown impressive revenue growth and is popular among hedge funds.</p>



<p>GRAB has long been one of my favorite penny stocks due to its strong presence in Southeast Asia and its expanding top and bottom lines. The developing economies of Vietnam and Thailand will be a boon for GRAB.</p>



<p>GRAB had a <a href="https://www.grab.com/sg/press/others/grab-reports-fourth-quarter-and-full-year-2023-results-and-announces-inaugural-share-repurchase-program-of-up-to-500-million/">solid previous financial year</a>, demonstrating a 65% year-over-year (YoY) revenue increase to $2.36 billion, surpassing its guidance. This growth was attributed to across all segments, incentive optimization, and a business model change in its delivery offerings.&nbsp;</p>



<p>The company also marked a 72% YoY improvement in its annual loss to $485 million, mainly due to better Group Adjusted EBITDA and lower fair value losses on investments.&nbsp;</p>



<p>Analysts have a positive outlook on GRAB, rating the stock as a &ldquo;Strong Buy&rdquo; with a price target of $5.08, indicating a potential upside of 59.25% from its current price.</p>



<h2>Uranium Energy (UEC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/uranium1600-300x169.jpg" alt="periodic table concept with black cubes. uranium element is glowing. Uranium stocks"><div>Source: Shutterstock</div></div><p><strong>Uranium Energy </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/uec-stock-quote/"><strong>UEC</strong></a>) focuses on uranium mining primarily in the United States and Paraguay.</p>



<p>UEC can be a great bet for investors who are bullish on the world&rsquo;s shift towards nuclear energy. Many countries around the world are expanding or restarting their nuclear power programs due to falling far behind their goals to curb carbon emissions. Nuclear could then play a pivotal role in this, and UEC could be an accretive entry point for investors to ride this tailwind.</p>



<p>For 2024, UEC is <a href="https://www.uraniumenergy.com/news/releases/2024/index.php?content_id=1046">actively expanding</a> its operations, with a significant focus on restarting uranium production in Wyoming. The company plans to resume production at its Christensen Ranch In-Situ Recovery operations in Wyoming, which is part of its broader Powder River Basin and Great Divide Basin projects. This restart is expected to begin in August 2024.</p>



<p>In terms of financial performance and outlook, UEC&rsquo;s recent activities include the <a href="https://simplywall.st/stocks/us/energy/nysemkt-uec/uranium-energy/future">acquisition of the Roughrider Uranium Development</a> Project in Saskatchewan, Canada, from <strong>Rio Tinto Group </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/rio-stock-quote/"><strong>RIO</strong></a>) for $150 million. This move is part of UEC&rsquo;s strategy to expand its resource base and operational footprint.&nbsp;</p>



<h2>New Gold (NGD)</h2>



<div><img width="300" height="199" src="https://investorplace.com/wp-content/uploads/2014/07/4-300x199.jpg" alt="gold mining stocks gold stocks gold prices"><div>Source: &copy;iStock.com/belchonock</div></div><p><strong>New Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/"><strong>NGD</strong></a>) is a gold mining company with multiple projects. It has substantial liquidity and volume.</p>



<p>Gold should be a staple of every investor&rsquo;s portfolio to improve diversification. The spot price of gold is uncorrelated to equities over the long-run, and its an important &ldquo;flight to safety&rdquo; asset during severe market drawdowns. Investing in NGD, as a penny stock, could then confer some defensive and growth attributes to one&rsquo;s portfolio, and I think that the best has yet to come for this company.</p>



<p>Last year, the company <a href="https://finance.yahoo.com/news/gold-achieves-top-end-consolidated-113000135.html">reported a consolidated gold equivalent production</a> of 423,517 ounces for 2023, surpassing its initial guidance of 365,000 to 425,000 ounces. The success was mirrored at its Rainy River and New Afton mines, with Rainy River&rsquo;s gold equivalent production reaching the upper limit of its guidance and New Afton significantly exceeding its gold production forecast.&nbsp;</p>



<p>NGD also posted a strong forecast for the future, with gold production expected to increase above 2023 levels.</p>



<h2>Perimeter Solutions (PRM)</h2>



<a href="https://investorplace.com/wp-content/uploads/2021/03/penny-stocks-1.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/penny-stocks-1-300x169.jpg" alt="Stacks of pennies, penny stocks."></a><p><strong>Perimeter Solutions</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/prm-stock-quote/"><strong>PRM</strong></a>) is a leader in providing firefighting chemicals and lubricant additives, focusing on environmentally friendly solutions.</p>



<p>I think PRM could be undervalued due to some short-term, not structural, weaknesses in its business fundamentals. This could be a boon for investors if they are prepared for its conditions to improve.</p>



<p>In 2023, PRM experienced a <a href="https://stockanalysis.com/stocks/prm/">decrease in revenue</a> to $322.11 million from the previous year&rsquo;s $360.51 million, marking a 10.65% decline. The earnings also saw a reduction to $67.49 million, a 26.45% decrease.</p>



<p>However, for the last quarter of the year, things seem to have turned a corner. PRM <a href="https://finance.yahoo.com/news/perimeter-solutions-sa-prm-reports-122504130.html">reported a net loss</a> of $13.24 million, a significant improvement from the loss of $60.35 million in the same period the previous year. This improvement is attributed to an increase in net sales from $41.27 million to $59.46 million year-over-year for the quarter. Additionally, the company surpassed consensus revenue estimates, showcasing a better-than-expected performance.&#8203;</p>



<h2>Cronos (CRON)</h2>



<a href="https://investorplace.com/wp-content/uploads/2019/06/cron1.jpg"><img width="300" height="225" src="https://investorplace.com/wp-content/uploads/2019/06/cron1-300x225.jpg" alt="Even Contrarian Investors Should Hold off on CRON Stock for Now"></a><p>A significant player in the cannabis industry, <strong>Cronos</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/cron-stock-quote/"><strong>CRON</strong></a>) boasts a robust cash position and is aggressively expanding its global medicinal cannabis operations.</p>



<p>CRON <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-third-quarter-results">reported a net revenue</a> of $24.8 million for Q3 2023, a 22% year-over-year increase, attributed to higher Canadian adult-use market sales and lower biomass costs. Despite geopolitical unrest in Israel, CRON&rsquo;s second-largest market, the company saw a 95% reduction in net loss and an 18% improvement in adjusted EBITDA loss year-over-year. The company&rsquo;s balance sheet remains strong, with $571.7 million in cash and equivalents and $267.9 million in short-term investments.</p>



<p>For 2024, CRON aims to continue its growth, focusing on brand portfolio expansion and new product launches. The Spinach brand&rsquo;s edible and pre-roll offerings are among the products contributing to its growth.</p>



<p>Cannabis has been disappointing for investors, but I feel that this segment&rsquo;s long-term growth potential is promising.</p>



<h2>Nextdoor Holdings (KIND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/kvsb-1-300x169.jpg" alt="The Nextdoor (KVSB) logo is displayed on a smartphone screen."><div>Source: Tada Images / Shutterstock.com</div></div><p><strong>Nextdoor Holdings</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/kind-stock-quote/"><strong>KIND</strong></a>) connects neighborhoods across the globe via its hyperlocal social networking platform.</p>



<p>Social media continues to become more fragmented as time goes on. The largest networking communities are now splintering into niche verticals, and I think that KIND is one of those stocks to take advantage of this shift in the landscape.</p>



<p>In 2023, KIND reported a <a href="https://about.nextdoor.com/financial-news/nextdoor-reports-fourth-quarter-and-full-year-2023-results/">5% year-over-year growth</a> in Weekly Active Users (WAU), reaching 41.8 million, and a revenue increase of 4% to $55.6 million in Q4. The company ended the year with $531.1 million in cash and equivalents and approved an additional $150 million for its share repurchase program through March 2026</p>



<p>For 2024, KIND anticipates revenue growth to outpace that of 2023, with a significant improvement in adjusted EBITDA margin. The company&rsquo;s Q4 revenue reached $56 million, a 4% increase, while its self-serve revenue now accounts for over 40% of total revenue.</p>



<h2>Nerdy (NRDY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div><p><strong>Nerdy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nrdy-stock-quote/"><strong>NRDY</strong></a>) addresses the increasing demand for accessible online education with its apps and platform.</p>



<p>Online learning accelerated during the pandemic but has since fallen far below its peak. Still, the shift toward online learning I don&rsquo;t think will slow down for the foreseeable future, but instead accelerate. NRDY could then be a viable option to take advantage of this shifting trend.<br>The company reported <a href="https://www.marketscreener.com/quote/stock/NERDY-INC-115884906/news/Nerdy-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results-46042210/">significant growth and operational improvements</a> in 2023, with a positive outlook for 2024. In Q4 2023, revenue grew by 32% year-over-year to $55.1 million, driven by the transition to learning memberships and increased institutional revenue. Nearly all consumer revenue came from subscription learning memberships, contributing to a 101% increase in active learners to 40.7 thousand and a record quarterly gross profit of $39.2 million&#8203;.</p>



<p>For 2024, NRDY <a href="https://www.marketscreener.com/quote/stock/NERDY-INC-115884906/news/Nerdy-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results-46042210/">expects revenue in the range of $232 to $246 million</a>, indicating a 24% growth at the midpoint compared to 2023 revenue of $193 million. The company also anticipates an adjusted EBITDA of positive $5 to $15 million, improving by over 500 basis points, and aims to deliver positive operating cash flow.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/03/7-high-potential-penny-stocks-to-buy-for-massive-roi/">7 High-Potential Penny Stocks to Buy for Massive ROI</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 High-Potential Penny Stocks to Buy for Massive ROI

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Twenty dollars doesn&rsquo;t stretch very far today&mdash;except when investing in these most <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> under $20 to buy in April.</p>



<p>While inflation growth may be on the decline, the current cost of goods and services is still significantly higher than it was just two years ago. This situation arises because inflation measures ongoing growth rather than actual price differences, contributing to persistently low consumer confidence despite seemingly positive inflation statistics.</p>



<p>Meanwhile, high-flying <a href="https://investorplace.com/industries/technology/">tech stocks</a> like <strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) are quickly becoming too expensive for retail traders. This is where under-$20 stocks shine. Affordable enough to allow for decent accumulation, each of the most undervalued stocks under $20 to buy in April is poised for rapid growth due to specific favorable conditions and bullish momentum, setting the stage for subsequent success.</p>



<h2>Perimeter Solutions (PRM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/firemen-1600-300x169.png" alt="Fireman standing in front of fire truck."><div>Source: VAKS-Stock Agency / Shutterstock</div></div><p><strong>Perimeter Solutions</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/prm-stock-quote/"><strong>PRM</strong></a>) is one of the most undervalued stocks under $20 to buy in April purely based on its relative anonymity. The company, a specialist in firefighting equipment and crucial fire suppression and extinguishment chemicals has experienced significant growth since 2010. </p>



<p>In the last year, <a href="https://www.globenewswire.com/news-release/2023/08/24/2731356/0/en/Perimeter-Security-Market-worth-100-2-billion-by-2027-Growing-at-a-CAGR-of-7-2-Report-by-MarketsandMarkets.html">Perimeter reported</a> a 7.2% CAGR in total addressable market size since 2010 and forecasts it to climb to $100.2 billion by 2027, driven by the steady demand for firefighting equipment. They&rsquo;re well on their way to growing alongside the wider market, having hit more than <a href="https://ir.perimeter-solutions.com/news-events/press-releases/detail/58/perimeter-solutions-reports-fourth-quarter-2023-financial">$322 million</a> in sales last year.</p>



<p>Perimeter <a href="https://d1io3yog0oux5.cloudfront.net/_8aa1e64b2d10f645e4f1b54afb5731a8/perimetersolutions/db/880/7554/presentation/Perimeter+Solutions+SA+Q3+2023+Earnings+Presentation.pdf">sets a goal</a> to &ldquo;provide private equity-like returns with the liquidity of a public market,&rdquo; and it has successfully achieved this aim. This showcases its potential as a top investment choice for those scouting for stocks under $20. </p>



<p>Trading at a price-to-book ratio of <a href="https://www.morningstar.com/stocks/xnys/prm/quote">just 0.97x</a>, Perimeter is a unique small-cap value play among undervalued stocks under $20.</p>



<h2><strong>Aehr Test Systems (AEHR)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div><p><strong>Aehr Test Systems</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/aehr-stock-quote/"><strong>AEHR</strong></a>) is a unique undervalued stock under $20 set to rise with the wider semiconductor tide. AEHR&rsquo;s business model, focusing on developing and supplying test systems that ensure semiconductor reliability and quality, distinguishes it from both newcomers and established industry leaders.</p>



<p>With semiconductors becoming tinier, more intricate, and costlier, the demand for advanced testing systems is anticipated to skyrocket. This puts Aehr in an excellent position for substantial growth as a small-cap tech enterprise.</p>



<p>In January, the company reported impressive <a href="https://www.aehr.com/2024/01/aehr-reports-strong-revenue-and-earnings-growth-for-the-second-quarter-and-first-six-months-of-fiscal-2024/">financial results</a>, with a 45% year-over-year increase in revenue and a 63% rise in GAAP net income. CEO Gayn Erickson acknowledged potential challenges, like the slowdown in the electric vehicle market growth, which might impact order timings from existing and potential customers.</p>



<p>Nevertheless, AEHR&rsquo;s expertise extends beyond the EV market, encompassing semiconductors for 5G technology, AI, machine learning, and more. Despite potential EV sector hurdles, AEHR is on track for an extraordinary year in 2024 and beyond, thanks to its wide-ranging yet specialized capabilities.</p>



<h2><strong>Lithium Americas (LAAC)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/lithium-1600-300x169.png" alt="Lithium element on the periodic table. Top-rated lithium stocks"><div>Source: tunasalmon / Shutterstock</div></div><p><strong>Lithium Americas</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/laac-stock-quote/"><strong>LAAC</strong></a>) is another one of the most undervalued stocks under $20 to buy in April. All after it suffered from a sluggish lithium market in recent months. However, this trend could reverse in 2024, potentially sending the Argentinian-focused mining stock soaring. Demand is expected to increase by over <a href="https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular">30% annually</a> until 2030, largely on the heels of battery innovations and an emphasis on renewable energy transitions.</p>



<p>Despite the latent potential, lithium producers, including Lithium Americas, faced challenges in 2023, with slow demand and significant oversupply leading to lower spot prices. However, demand is picking up speed, and some analysts forecast a considerable undersupply <a href="https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html">within a year</a>, likely elevating spot prices to Lithium Americas&rsquo; advantage.</p>



<p>One investment analyst has <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/121923-us-canada-lithium-prospects-hope-to-advance-in-2024-despite-headwinds">compared</a> the importance of lithium and critical minerals in the 21st century to that of coal in the 19th century and oil in the 20th century. That comparison is likely on target, and Lithium Americas, trading below $20, is poised to benefit from the expanding energy segment. </p>



<p>Trading significantly <a href="https://www.morningstar.com/stocks/xnys/laac/valuation">below its book value</a> and at a lower price-to-forward earnings ratio than in recent years, Lithium Americas represents both a solid value investment and a stock with substantial growth prospects.</p>



<h2>Steelcase Inc (SCS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/scs-stock-300x169.jpg" alt='An image of a smartphone displaying the text "Steelcase" in black font on a white screen, with a computer screen showing stock charts and a windows taskbar in the background.'><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Steelcase Inc</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/scs-stock-quote/"><strong>SCS</strong></a>) stands out as a strong &ldquo;nuts and bolts&rdquo; undervalued stock under $20, manufacturing higher-end office furniture for enterprise clients and remote workers alike. Though I don&rsquo;t own shares in the company, I am sitting on a Steelcase chair right now and can attest to its quality &ndash; if the stock performs as well as this chair, Steelcase has a bright future ahead!</p>



<p>Over the past year, the company has surged nearly 50% and now boasts a 3.06% forward dividend yield. That&rsquo;s a hefty return for a company with a market capitalization of less than $1.5 billion. Of course, investors on the hunt for undervalued stocks under $20 should not just concentrate on dividends. They should also consider Steelcase&rsquo;s consistent revenue and its sharply rising net income, which reached $777 million and $30.8 million, respectively, in the latest <a href="https://equityset.com/company/scs?tag=financials">quarterly report</a>.</p>



<p>Looking ahead, the company&rsquo;s fiscal year 2025 outlook appears particularly promising as it leverages a more stable economy and ongoing remote work trends. Management has reported a 10% sales increase in just the first three weeks of the fiscal year and aims for 1% &ndash; 5% revenue growth with an EPS ranging between 85 cents and $1.00. Given the year-end EPS of 68 cents, the optimistic outlook from executives reinforces its potential as an undervalued stock under $20.</p>



<h2><strong>Sirius XM Holdings (SIRI)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/sirius_xm_siri1600-300x169.jpg" alt="The Sirius XM (SIRI) mobile app logo on a smartphone screen."><div>Source: Shutterstock</div></div><p>When Warren Buffett invests in an under-$20 stock, it catches the attention of investors. This makes <strong>Sirius XM Holdings</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/siri-stock-quote/"><strong>SIRI</strong></a>) a unique offering among undervalued stocks under $20 given the billionaire&rsquo;s backing. Amid a period where Buffett&rsquo;s <strong>Berkshire Hathaway</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/brk-a-stock-quote/"><strong>BRK-A</strong></a></span>, NYSE:<span><a href="https://investorplace.com/stock-quotes/brk-b-stock-quote/"><strong>BRK-B</strong></a></span>) was more focused on <a href="https://www.morningstar.com/stocks/berkshire-hathaway-earnings-more-sells-than-buys-quieter-q4">selling than buying</a>, his $167 million investment in Sirius XM is a green flag for value investors. This is especially notable considering the skepticism surrounding Sirius XM, which is currently one of the most shorted stocks at <a href="https://www.highshortinterest.com/">25% short interest</a>. But what makes Buffett optimistic about this under-$20 stock?</p>



<p>Buffett&rsquo;s interest in Sirius XM goes beyond a simple <a href="https://www.libertymedia.com/investors/news-events/press-releases/detail/522/liberty-media-and-siriusxm-announce-transaction-to-simplify">corporate restructuring play</a>; he sees it as a classic value investment. Sirius XM has been trading at <a href="https://www.morningstar.com/stocks/xnas/siri/valuation">low multiples</a>, yet it promises a bright future. The company stands out as a <a href="https://investorplace.com/2024/03/the-top-7-under-15-stocks-to-buy-in-march-2024/">cash-generating powerhouse</a>, consistently achieving EBITDA margins of over 30% for the past four years and maintaining free cash flow above $1 billion during this time. Furthermore, Sirius XM provides a <a href="https://investorplace.com/2024/03/the-top-7-under-15-stocks-to-buy-in-march-2024/">reasonable dividend yield</a> of 4.69% with a payout ratio of 31%, indicating efficient cash management by its leadership to reward shareholders while it right-sizes its market presence.</p>



<h2>Fl<strong>exible Solutions International (FSI)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/growthstocks1600-1-300x169.png" alt="Explore the stock market trends for 2024 with analytical visuals of businessman planning long term investments and future business growth, Navigate towards success with smart strategies. growth stocks with millionaire potential"><div>Source: Thapana_Studio / Shutterstock.com</div></div><p><strong>Flexible Solutions International</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/fsi-stock-quote/"><strong>FSI</strong></a>), a small-cap Canadian company specializing in sustainable chemical technologies, is on the lower end of undervalued stocks under $20, trading a hair below $2 a share. </p>



<p>Despite a <a href="https://flexiblesolutions.com/fsi-announces-third-quarter-2023-financial-results/">disappointing performance</a> in November 2023 that pushed per-share pricing down to today&rsquo;s levels, a closer look suggests this downturn was a one-off anomaly rather than a reflection of systemic issues. With FSI&rsquo;s next report eagerly anticipated, there&rsquo;s speculation that the market may have overreacted, potentially overlooking the company&rsquo;s deep value.</p>



<p>FSI&rsquo;s <a href="https://www.morningstar.com/stocks/xase/fsi/quote">standard ratios</a> point to deep undervaluation, particularly its 0.72x price-to-book ratio and 0.59x price-to-sales stat. Further analysis using <a href="https://writeonfinance.com/2024/02/26/deep-value-flexible-solutions-international/">Net Current Asset Value Per Share</a> (NCAV/PS) reinforces this perspective, showing that FSI trades close to its liquidation value, underpinning its undervalued stock under $20 position.</p>



<p>Supporting a rosier outlook, FSI demonstrates <a href="https://equityset.com/stocks/nyse-fsi?tag=financials&amp;tab=operations">consistent sales growth</a>, prudent financial management through occasional dividend distributions, and a strong asset-to-debt ratio. Despite facing a challenging quarter, FSI&rsquo;s management <a href="https://flexiblesolutions.com/fsi-announces-fourth-quarter-and-full-year-2023-revenue/">remains optimistic</a>, forecasting a recovery and growth throughout 2024.</p>



<h2>Valley National Bancorp (VLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/financials1600c-300x169.jpg" alt="SPY ETF: The S&amp;P 500 Will Go Higher but Investor Patience is Necessary"><div>Source: Shutterstock</div></div><p>Last week, I covered <strong>Valley National Bancorp</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/vly-stock-quote/"><strong>VLY</strong></a>), looking specifically at its potential as a <a href="https://investorplace.com/2024/03/3-cannabis-stocks-to-buy-for-the-next-bull-run-march-2024/">unique play</a> among <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a> amid emerging regulatory developments. But this small-cap regional bank offers much more beyond its cannabis initiatives. </p>



<p>With its <a href="https://equityset.com/stocks/nasdaq-vly?tag=financials&amp;tab=key-ratios">stock trading</a> at just 0.6x book value and 8.2x earnings, Valley National is undervalued and equally overlooked. Its solid balance sheet and relatively low debt load, with a debt-to-equity ratio of merely 0.56 against the industry average of 1.2, reinforce the regional bank&rsquo;s strength even as others tread on thin ice. Its recent stock <a href="https://finance.yahoo.com/news/valley-national-vly-announces-share-161100413.html">buyback plan</a> and a 5.97% <a href="https://www.morningstar.com/stocks/xnas/vly/dividends">trailing dividend yield</a> underscores this capability.</p>



<p>Analysts generally view Valley National as <a href="https://equityset.com/company/vly?tag=stock-analysis&amp;tab=sentiment">undervalued</a>, setting an average price target of $9.50, which is about 25% higher than its current share price. Moreover, sentiment towards the bank stock has become increasingly positive, with 56% of analysts recommending a &ldquo;hold,&rdquo; up from 50% suggesting a &ldquo;sell&rdquo; in the prior assessment period.</p>



<p><em>On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the <a href="http://InvestorPlace.com">InvestorPlace.com</a> <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/04/the-7-most-undervalued-stocks-under-20-to-buy-in-april-2024/">The 7 Most Undervalued Stocks Under $20 to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 7 Most Undervalued Stocks Under $20 to Buy in April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>As inflation gets hotter than expected, finding <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> is trickier than ever. Mega-cap market drivers like <strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) may enter correction territory as shares in the specific stock dropped nearly 10% since March highs.</p>



<p>Even when (or if) inflation cools consistently, the prices of goods and services remain much higher than they were just two years back. This discrepancy stems from how inflation reflects ongoing price growth rather than the actual price differences, leading to consistently low consumer confidence despite what the inflation rates suggest.</p>



<p>At the same time, high-flying <a href="https://investorplace.com/industries/technology/">tech stocks</a> are becoming prohibitively expensive for the average retail trade &mdash; making undervalued stocks a top play in today&rsquo;s market. Being affordably priced, they offer an opportunity for investors to accumulate shares reasonably. These undervalued stocks stand on the brink of rapid growth thanks to particular favorable circumstances and bullish momentum, laying the groundwork for their future success.</p>



<h2>Perimeter Solutions (PRM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/firemen-1600-300x169.png" alt="Fireman standing in front of fire truck."><div>Source: VAKS-Stock Agency / Shutterstock</div></div><p><strong>Perimeter Solutions</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/prm-stock-quote/"><strong>PRM</strong></a>) stands out as an undervalued stock for riches, primarily due to its relative obscurity. Specializing in firefighting equipment and essential fire suppression and extinguishment chemicals, the company has seen significant growth since 2010.</p>



<p><a href="https://www.globenewswire.com/news-release/2023/08/24/2731356/0/en/Perimeter-Security-Market-worth-100-2-billion-by-2027-Growing-at-a-CAGR-of-7-2-Report-by-MarketsandMarkets.html">Perimeter announced</a> a 7.2% CAGR in its total addressable market size since 2010, with expectations for this market to reach $100.2 billion by 2027, fueled by consistent demand for firefighting equipment. The company is on a solid growth path, mirroring the wider market, with <a href="https://ir.perimeter-solutions.com/news-events/press-releases/detail/58/perimeter-solutions-reports-fourth-quarter-2023-financial">sales surpassing</a> $322 million last year.</p>



<p><a href="https://d1io3yog0oux5.cloudfront.net/_8aa1e64b2d10f645e4f1b54afb5731a8/perimetersolutions/db/880/7554/presentation/Perimeter+Solutions+SA+Q3+2023+Earnings+Presentation.pdf">Aiming to</a> &ldquo;provide private equity-like returns with the liquidity of a public market,&rdquo; Perimeter has successfully met this target, proving itself a prime investment option for those looking for undervalued stocks in today&rsquo;s market. At the same time, with a <a href="https://www.morningstar.com/stocks/xnys/prm/quote">price-to-book ratio</a> of merely 0.95x, Perimeter represents a distinct small-cap value opportunity among the wider undervalued stocks segment.</p>



<h2><strong>Sirius XM Holdings (SIRI)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/siri1600-300x169.png" alt="Person holding mobile phone with logo of US broadcasting company Sirius XM Holdings Inc. (SIRI) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>When Warren Buffett says a stock is undervalued, pay attention. This focus makes <strong>Sirius XM Holdings</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/siri-stock-quote/"><strong>SIRI</strong></a></span>) stand out as a remarkable choice among undervalued stocks, thanks to the billionaire&rsquo;s investment. Even as Buffett&rsquo;s <strong>Berkshire Hathaway</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/brk-a-stock-quote/"><strong>BRK-A</strong></a></span>, NYSE:<span><a href="https://investorplace.com/stock-quotes/brk-b-stock-quote/"><strong>BRK-B</strong></a></span>) appeared more inclined toward selling than purchasing, his investment of $167 million in Sirius XM signals a positive indicator for value investors. Considering the wider market skepticism, it&rsquo;s an even more noteworthy play, with Sirius XM being one of the most heavily shorted stocks today at <a href="https://www.highshortinterest.com/">21% short interest</a>. But why is Buffett optimistic about this stock?</p>



<p>Buffett&rsquo;s interest in Sirius XM extends beyond mere <a href="https://www.libertymedia.com/investors/news-events/press-releases/detail/522/liberty-media-and-siriusxm-announce-transaction-to-simplify">corporate restructuring</a>; he views it as a quintessential value investment. Despite trading at <a href="https://www.morningstar.com/stocks/xnas/siri/valuation">low multiples</a>, Sirius XM promises a high-flying future. The company distinguishes itself as a cash-generating megalith, with EBITDA margins exceeding 30% for the last four years and maintaining a free cash flow of over $1 billion. Moreover, Sirius XM offers a solid dividend yield of 4.69% with a payout ratio of 31%, showcasing its leadership&rsquo;s efficient cash management in rewarding shareholders while strategically adjusting its market presence.</p>



<h2>Steelcase (SCS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/scs-stock-300x169.jpg" alt='An image of a smartphone displaying the text "Steelcase" in black font on a white screen, with a computer screen showing stock charts and a windows taskbar in the background.'><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Steelcase</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/scs-stock-quote/"><strong>SCS</strong></a></span>) emerges as a robust, undervalued industrial stock, crafting high-end office furniture for enterprise clients and remote workers. While I don&rsquo;t hold shares in the company, my current experience sitting in a Steelcase chair daily speaks volumes about its quality &mdash; suggesting a bright future for the stock if it mirrors its performance!</p>



<p>In the last year, Steelcase has seen its value increase by nearly 50% and now offers investors a 3.06% forward dividend yield. This is a significant return for a company with a market cap under $1.5 billion. However, investors seeking undervalued stocks should look beyond dividends. Instead, focus on Steelcase&rsquo;s steady revenue and sharp increase in net income, reported at $777 million and $30.8 million, respectively, in its most recent <a href="https://equityset.com/company/scs?tag=financials">quarterly report</a>.</p>



<p>The outlook for fiscal year 2025 looks exceptionally bright for Steelcase as it capitalizes on a stabilizing economy and the ongoing remote work trend. In the first three weeks of the fiscal year alone, the company has seen a 10% sales boost and is targeting 1% to 5% revenue growth with an EPS of $0.85 to $1.00. With the year-end EPS at $0.68, the executive team&rsquo;s optimistic outlook further solidifies Steelcase as a compelling, undervalued stock in today&rsquo;s inflated market.</p>



<p><em>On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Jeremy Flint, an MBA graduate and skilled finance writer, excels in content strategy for wealth managers and investment funds. Passionate about simplifying complex market concepts, he focuses on fixed-income investing, alternative investments, economic analysis, and the oil, gas, and utilities sectors. Jeremy&rsquo;s work can also be found at <a href="https://jeremyflint.work/">www.jeremyflint.work</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/04/the-3-most-undervalued-stocks-to-buy-for-skyrocketing-riches/">The 3 Most Undervalued Stocks to Buy for Skyrocketing Riches </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Stocks to Buy for Skyrocketing Riches

Ensemble Capital Management Q1 2024 Letter

Ensemble Fund Q1 2024 Investment Update

Ensemble Capital - Perimeter Solutions: Doing Truly Difficult And Important Things Really Well

AAPL

AEHR

AMZN

ATLX

CDLR

CORN

CPER

CRON

FAST

FRGE

GDXJ

GOOG

GOOGL

GRAB

KIND

LAAC

MASI

NFLX

NRDY

NTDOF

NTDOY

NUGT

NVDA

PALL

PHYS

PRMFF

PSLV

RACE

ROIC

SEED

SIRI

SMID

SOYB

WEAT

XTLB

Press Releases

Perimeter Announces Date for First Quarter 2023 Earnings Call

Perimeter Solutions Reports First Quarter 2023 Financial Results

Perimeter Solutions Hosts Public Lands Commissioner Hilary Franz at Pasco, WA Manufacturing Site