Creative Media & Community Trust (NASDAQ:CMCT) price on Wednesday, November 13, fall -4.63% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.29.
A look at the stock’s price movement, the close in the last trading session was $0.30, moving within a range at $0.275 and $0.3255. The beta value (5-Year monthly) was 0.582. Turning to its 52-week performance, $4.40 and $0.29 were the 52-week high and 52-week low respectively. Overall, CMCT moved -48.91% over the past month.
Creative Media & Community Trust’s market cap currently stands at around $23.87 million, with investors looking forward to this quarter’s earnings report slated for in December. The company has a Forward Dividend ratio of 0.26, with its dividend yield at 89.13%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CMCT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CMCT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CMCT’s current price about -34.36% and -68.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 21.40, while 7-day volatility ratio is 15.50% and 14.71% in the 30-day chart. Further, Creative Media & Community Trust (CMCT) has a beta value of 0.51, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -1279.31% off current price level while to achieve the yearly target high, price needs to move -1279.31%. Nonetheless, investors will most likely welcome a -1279.31% jump to $4 which is the analysts’ median price.
If we refocus on Creative Media & Community Trust (NASDAQ:CMCT), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 452.22K over the past 3 months. The company’s latest data on shares outstanding shows there are 83.42 million shares.
The 17.17% of Creative Media & Community Trust’s shares are in the hands of company insiders while institutional holders own 17.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 73940.0 on 2024-10-15, giving us a short ratio of 0.1. The data shows that as of 2024-10-15 short interest in Creative Media & Community Trust (CMCT) stood at 11.999999 of shares outstanding, with shares short rising to 57566.0 registered in 2024-09-13. Current price change has pushed the stock -92.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CMCT stock continues to rise going into the next quarter.
