Creatd Inc. (NASDAQ:CRTD) shares, rose in value on Wednesday, 11/24/21, with the stock price up by 4.90% to the previous day’s close as strong demand from buyers drove the stock to $2.57.
Actively observing the price movement in the last trading, the stock closed the session at $2.45, falling within a range of $2.4413 and $2.63. The value of beta (5-year monthly) was 0.16. Referring to stock’s 52-week performance, its high was $9.80, and the low was $2.10. On the whole, CRTD has fluctuated by -37.01% over the past month.
With the market capitalization of Creatd Inc. currently standing at about $42.66 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 31, 2021.
Analysts have estimated the company’s revenue for the quarter at $172k, with a low estimate of $610k and a high estimate of $610k. According to the average forecast, sales growth in current quarter could jump down -46.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $1.21 million, representing an increase of 167.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CRTD’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CRTD currently trading nearly -21.55% and -15.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.41, while the 7-day volatility ratio is showing 8.08% which for the 30-day chart, stands at 10.55%. Furthermore, Creatd Inc. (CRTD)’s beta value is 0.90, and its average true range (ATR) is 0.56.
Data on historical trading for Creatd Inc. (NASDAQ:CRTD) indicates that the trading volumes over the past 10 days have averaged 1.87 million and over the past 3 months, they’ve averaged 4.46 million. According to company’s latest data on outstanding shares, there are 11.08 million shares outstanding.
Nearly 4.30% of Creatd Inc.’s shares belong to company insiders and institutional investors own 5.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.76 million shares as on Sep 29, 2021, resulting in a short ratio of 0.51. According to the data, the short interest in Creatd Inc. (CRTD) stood at 5.55% of shares outstanding as of Sep 29, 2021; the number of short shares registered in Aug 30, 2021 reached 0.71 million. The stock has fallen by -38.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRTD stock heading into the next quarter.