Creative Media & Community Trust (NASDAQ:CMCT) shares, rose in value on Thursday, January 02, with the stock price down by -7.07% to the previous day’s close as strong demand from buyers drove the stock to $0.21.
Actively observing the price movement in the last trading, the stock closed the session at $0.22, falling within a range of $0.2012 and $0.2946. The value of beta (5-year monthly) was 0.582. Referring to stock’s 52-week performance, its high was $4.40, and the low was $0.11. On the whole, CMCT has fluctuated by -27.90% over the past month.
With the market capitalization of Creative Media & Community Trust currently standing at about $24.32 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.17, with its dividend yield at 81.30%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMCT’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 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 price of CMCT currently trading nearly 7.74% and -27.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.84, while the 7-day volatility ratio is showing 34.62% which for the 30-day chart, stands at 22.08%. Furthermore, Creative Media & Community Trust (CMCT)’s beta value is 0.49, and its average true range (ATR) is 0.04.
A comparison of Creative Media & Community Trust (CMCT) with its peers suggests the former has fared considerably weaker in the market. CMCT showed an intraday change of -7.07% in last session, and over the past year, it shrunk by -94.12%%.
Data on historical trading for Creative Media & Community Trust (NASDAQ:CMCT) indicates that the trading volumes over the past 10 days have averaged 17.16 and over the past 3 months, they’ve averaged 1.79 million. According to company’s latest data on outstanding shares, there are 102.08 million shares outstanding.
Nearly 16.11% of Creative Media & Community Trust’s shares belong to company insiders and institutional investors own 14.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 73940.0 shares as on 2024-10-15, resulting in a short ratio of 0.1. According to the data, the short interest in Creative Media & Community Trust (CMCT) stood at 12.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 57566.0. The stock has fallen by -7.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMCT stock heading into the next quarter.
