Cadiz Inc (NASDAQ:CDZI) traded at $4.53 at close of the session on Tuesday, January 24 and made a downward move of -7.16% on its previous day’s price.
Looking at the stock we see that its previous close was $4.89 with the day’s price range being $4.4509 – $4.905. In terms of its 52-week price range, CDZI has a high of $5.68 and a low of $2.12. The company’s stock has gained about 8.75% over that past 30 days.
Cadiz Inc has a market cap of $340.96 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 8.44M, with a low of 8.44M and a high of 8.44M.
On the other hand, looking at the outlook for the CDZI stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is -8.32% off its SMA20 and 5.73% from its 50-day simple moving average. The RSI (14) is pointing at 46.83 while the volatility over the past week is 9.58% and jumps to 8.92% over the past one month. The beta value is 0.90, while the average true range (ATR) is currently pointing at 0.43.
Coming back to Cadiz Inc (NASDAQ:CDZI), we note that the average 3-month trading volume was 632.33K, while that of the preceding 10-day period stands at 1.09 million. Current shares outstanding are 68.10 million.
The insiders hold 36.80% of the company’s shares while institutions hold 39.00%. The data shows that short shares as of 2024-12-31, stood at 5.28 million at a short ratio of 11.67. This represents a 1162.00 short interest in shares outstanding on 2024-12-31. Shares short rose in December from the previous month at 5.06 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -12.79% down in year-to-date price movement.
