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Cornerstone Strategic Value Fund Inc. (NYSE: CLM): Overvalued In Comparison To Others?

Cornerstone Strategic Value Fund Inc. (NYSE:CLM) shares, rose in value, with the stock price up by 3.44% to the previous day’s close as strong demand from buyers drove the stock to $8.72.

Actively observing the price movement in the last trading, the stock closed the session at $8.43. The value of beta (5-year monthly) was 0.95 whereas the PE ratio was 4.51 over 12-month period. Referring to stock’s 52-week performance, its high was $14.75, and the low was $7.60. On the whole, CLM has fluctuated by -22.83% over the past month.

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With the market capitalization of Cornerstone Strategic Value Fund Inc. currently standing at about $1.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 28, 2020. The company’s Forward Dividend Ratio is 2.17, with its dividend yield at 24.89%.

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 CLM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 CLM currently trading nearly -11.62% and -19.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.76, while the 7-day volatility ratio is showing 5.21% which for the 30-day chart, stands at 5.14%. Furthermore, Cornerstone Strategic Value Fund Inc. (CLM)’s average true range (ATR) is 0.57.

Data on historical trading for Cornerstone Strategic Value Fund Inc. (NYSE:CLM) indicates that the trading volumes over the past 10 days have averaged 3.37 million and over the past 3 months, they’ve averaged 2.46 million. According to company’s latest data on outstanding shares, there are 117.88 million shares outstanding.

Cornerstone Strategic Value Fund Inc.’s shares belong to company insiders and institutional investors own 3.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.48 million shares as on Apr 28, 2022, resulting in a short ratio of 4.84. According to the data, the short interest in Cornerstone Strategic Value Fund Inc. (CLM) stood at 11.09% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 3.69 million. The stock has fallen by -38.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLM stock heading into the next quarter.

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