CBL & Associates Properties, Inc. (NYSE:CBL) traded at $0.28 at last check on Tuesday, Jun 30, making an upward move of 2.33% on its previous day’s price.
Looking at the stock we see that its previous close was $0.27 and the beta (5Y monthly) reads 2.68 with the day’s price range being $0.2675 – 0.2859. In terms of its 52-week price range, CBL has a high of $1.78 and a low of $0.18. The company’s stock has gained about -10.12% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $149.43 Million, with a low of $134.4 Million and a high of $158.9 Million. The median projection represents growth adding up to -19.4% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $632.63 Million, or -17.6% down from figures reported last year.
On the other hand, looking at the outlook for the CBL stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 5 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the CBL & Associates Properties, Inc. (CBL) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 4 suggests the stock as a Sell. The stock has an overall rating of Sell and investors could take advantage and scoop up stock of the company.
Let’s briefly compare CBL (CBL) stock to its peers. We find that today’s price change of +2.33% and -74.04% over the past 12 months for CBL competes that of Equinix Inc (EQIX), which has seen its stock price rise 1.41% in the latest trading session and is +36.61% over the last one year. Another of its peers Simon Property Group (SPG) has climbed 1.5% today, but is -57.35% down over the past year, while Realty Income Corp (O) is also up 2.33% yet its price remains in the red at -74.04% over the same period. Equinix has a P/E ratio of 116.04 compared to CBL’s 0 and Simon’s 10.54. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to CBL & Associates Properties, Inc. (NYSE:CBL), we note that the average 3-month trading volume was 11.64 Million, while that of the preceding 10-day period stands at 36.07 Million. Current shares outstanding are 191.97 Million.
According to data from Thomson Reuters, insiders hold 17.71% of the company’s shares while institutions hold 64.22%. The data shows that short shares as of June 14, 2020, stood at 24.12 Million at a short ratio of 2.02. This represents a 12.57% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 37.87 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -74.29% down in year-to-date price movement.