Cool Company Ltd (NYSE:CLCO) shares, rose in value on Friday, August 30, with the stock price up by 8.45% to the previous day’s close as strong demand from buyers drove the stock to $11.93.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.00, falling within a range of $11.5 and $12.41. The value of beta (5-year monthly) is -1.033 whereas the PE ratio is 4.50 over 12-month period. Referring to stock’s 52-week performance, its high was $14.39, and the low was $10.07. On the whole, CLCO has fluctuated by -0.42% over the past month.
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With the market capitalization of Cool Company Ltd currently standing at about $640.64 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-20. The company’s Forward Dividend Ratio is 1.64, with its dividend yield at 13.75%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 340.92M, with a low estimate of 77.35M and a high estimate of 77.35M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 77.35M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLCO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 75% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CLCO currently trading nearly 4.35% and 1.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.69, while the 7-day volatility ratio is showing 4.54% which for the 30-day chart, stands at 2.95%. Furthermore, Cool Company Ltd (CLCO)’s beta value is 0.47, and its average true range (ATR) is 0.46.
A comparison of Cool Company Ltd (CLCO) with its peers suggests the former has fared considerably weaker in the market. CLCO showed an intraday change of 8.45% in today’s session so far, and over the past year, it shrunk by -16.28%%.
Data on historical trading for Cool Company Ltd (NYSE:CLCO) indicates that the trading volumes over the past 10 days have averaged 0.35 and over the past 3 months, they’ve averaged 229.94K. According to company’s latest data on outstanding shares, there are 53.70 million shares outstanding.
Nearly 58.72% of Cool Company Ltd’s shares belong to company insiders and institutional investors own 17.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.16 million shares as on 2024-08-15, resulting in a short ratio of 1.05. According to the data, the short interest in Cool Company Ltd (CLCO) stood at 74.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 0.26 million. The stock has fallen by -6.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLCO stock heading into the next quarter.
