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@Kokorache 2 months ago

Summary of undervalued small caps seeing insider buying

Summary of undervalued small caps seeing insider buying

Simply Wall St put out a screener looking at small-cap stocks with recent insider buying. Since the S&P 500 is sitting at highs, they looked for value plays with insider confidence. FMC Corporation (FMC) is in ag sciences. The stock has been volatile and debt coverage is tight, but insiders are buying. Analysts are projecting decent earnings growth despite the balance sheet issues. Granite Ridge Resources (GRNT) focuses on oil and gas. They reported Q3 net income of $14.5 million which is up from last year. Debt is high here too, but they are expanding into a natural gas project in Texas for grid reliability. Herbalife (HLF) is also on the list. Earnings forecasts look weak for the next few years and interest coverage is tricky. They are trying to pivot with a new energy drink line and a new product development center in California.
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