Cadiz Inc (NASDAQ:CDZI) price closed higher on Friday, January 31, and jumping 5.33% above its previous close.
A look at the daily price movement shows that the last close reads $4.69, with intraday deals fluctuated between $4.71 and $5.25. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.68 and 52-week low of $2.12. The stock subtracted -2.18% on its value in the past month.
Cadiz Inc, which has a market valuation of $371.41 million, is expected to release its quarterly earnings report in March.
On average, analysts have forecast the company’s revenue for the quarter will hit 8.44M, with the likely lows of 8.44M and highs of 8.44M. Staying with the analyst view, there is a consensus estimate of 13.3M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give CDZI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that CDZI’s price is at present 0.47% off the SMA20 and 11.70% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.02, with weekly volatility standing at 7.77%. The indicator jumps to 8.86% when calculated based on the past 30 days. Cadiz Inc (NASDAQ:CDZI)’s beta value is holding at 0.90, while the average true range (ATR) indicator is currently reading 0.41.
An analysis of the Cadiz Inc (NASDAQ:CDZI) stock in terms of its daily trading volume indicates that the 3-month average is 681.90K. However, this figure increases on the past 10-day timeline to an average of 0.77 million.
Current records show that the company has 68.10M in outstanding shares. The insiders’ percentage holdings are 36.80% of outstanding shares while the percentage share held by institutions stands at 38.93%. The stats also highlight that short interest as of 2025-01-15, stood at 5.71 million shares, which puts the short ratio at the time at 7.8. From this we can glean that short interest is 1256.00 of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 4.97 million. But the -5.00% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
