With all the stock research tools out there today, it’s tough to get a handle on which ones provide the best resources. If you actively analyze small cap stocks like we do, then you need to only use the best of the best. Let’s breakdown our favorites and why we use them regularly.
Finviz.comis a great resource for visual learners. In fact, Finviz is short for Financial Visualizations. The website has multiple useful tools that allow you to scan and filter through thousands of tickers. My favorite feature on Finviz is the Screener tab.
The screener allows you to scan stocks with both fundamental and technical filters. This is helpful because it assists you in finding great companies as well as good entry points. We’ll be going over some of our favorite screener settings and how to use this tool on our YouTube channel.
Other noteworthy features on the website include Maps and Insider. The Maps feature provides great visuals on how major indexes, sectors, and industries are performing so you can keep an eye on money flow. The Insider feature shows trends of insider buying and selling and allows you to filter them by different types and values.
Nasdaq.comis a resource that we have used for years. Although its new version isn’t nearly as intuitive as the previous one, it still has some great features. The Insiders feature is by far the best, as it highlights all the recent insider transactions and provides visuals.
In the above example, we can see some of the recent insider transactions for LRAD Corp. (LRAD). Note that just above the table there is a graph showing the net number of shares bought/sold. Tools like this make Nasdaq a great resource for financial analysis.
Morningstar.comis very similar to your average stock researching tool. The catch here is that the website is great for stocks and funds. Long-term investors can use Morningstar to analyze various Mutual Funds and ETF’s. Although The Bowser Reportfocuses on smaller companies that trade for under $3 per share, we encourage diversification and risk management.
Morningstar also does a great job of comparing year-over-year valuation and liquidity metrics. Below is an example of LRAD’s valuation metrics over the years:
As you can see, it provides averages, current metrics, and the index average.
All of these websites have extra features that you can pay for, but the free versions are still very useful. If you focus on certain tools for each website then you can conduct extensive research on your own and potentially find a hidden gem!