The trading price of Cadiz Inc (NASDAQ:CDZI) closed higher on Friday, December 27, and closing at $4.95, 9.27% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.41 and $5.0516. In examining the 52-week price action we see that the stock hit a 52-week high of $4.72 and a 52-week low of $2.12. Over the past month, the stock has gained 12.50% in value.
Cadiz Inc, whose market valuation is $406.66 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CDZI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that CDZI’s price is currently 17.70% off the SMA20 and 34.27% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.26, and weekly volatility stands at 7.26%. When measured over the past 30 days, the indicator reaches 6.23%. Cadiz Inc (NASDAQ:CDZI)’s beta value is currently sitting at 0.98, while the Average True Range indicator is currently displaying 0.28.
To see how Cadiz Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CDZI stock’s performance was 9.27% in the latest trading, and 58.15% in the past year.
An evaluation of the daily trading volume of Cadiz Inc (NASDAQ:CDZI) indicates that the 3-month average is 396.63K. However, this figure has increased over the past 10 days to an average of 0.52.
Currently, records show that 68.10 million of the company’s shares remain outstanding. The insiders hold 36.80% of outstanding shares, whereas institutions hold 38.94%. The stats also highlight that short interest as of 2024-12-13, stood at 4.97 million shares, resulting in a short ratio of 9.81 at that time. From this, we can conclude that short interest is 1094.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 4.97 million. However, since the stock’s price has seen 76.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
