Good News For CuriosityStream Inc. (NASDAQ:CURI): Stock Could Go Up 85.19% More

The trading price of CuriosityStream Inc. (NASDAQ:CURI) closed higher on Tuesday, Apr 06, closing at $13.25, 1.89% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $12.89 and $14.14. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $24 and a 52-week low of $7.44. Over the past month, the stock has suffered -7.53% in value.

On the technical side, indicators suggest CURI has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CURI a recommendation rating is 7. Out of them, 2 rate it a Hold, while 5 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged CuriosityStream Inc. (CURI) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that CURI’s price is currently -12.39% off the SMA20 and -21.18% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.78, and weekly volatility stands at 1169%. When measured over the past 30 days, the indicator reaches 9.06%. CuriosityStream Inc. (NASDAQ:CURI)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.52. With analysts defining $13-$25 as the low and high price targets, we arrive at a consensus price target of $20 for the trailing 12-month period. The current price is about -3.7% off the estimated low and 85.19% off the forecast high, based on this estimate. Investors will be thrilled if CURI’s share price rises to $21.5, which is the median consensus price. At that level, CURI’s share price would be +59.26% above current price.

An evaluation of the daily trading volume of CuriosityStream Inc. (NASDAQ:CURI) indicates that the 3-month average is 1.43 Million. However, this figure has increased over the past 10 days to an average of 1.71 Million.

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Currently, records show that 52.55 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 47.33% of outstanding shares, whereas institutions hold 11.66%. The stats also highlight that short interest as of March 14, 2021, stood at 1.99 Million shares, resulting in a short ratio of 1.39 at that time. From this, we can conclude that short interest is 3.86% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 1.95 Million. However, since the stock’s price has seen -3.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.

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