Claros Mortgage Trust Inc (NYSE:CMTG) price on Thursday, February 06, rose 0.90% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.36.
A look at the stock’s price movement, the close in the last trading session was $3.33, moving within a range at $3.27 and $3.4. The beta value (5-Year monthly) was 1.52. Turning to its 52-week performance, $11.22 and $3.14 were the 52-week high and 52-week low respectively. Overall, CMTG moved -17.04% over the past month.
Claros Mortgage Trust Inc’s market cap currently stands at around $468.26 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 17.86%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 58.07M for the company’s revenue for the quarter, with a low and high estimate of 57M and 59.13M respectively. The average forecast suggests down to a -23.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 250.7M, representing a -18.22% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CMTG 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.
2 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 2 analyst(s) rate the stock as a Hold, 0 recommend CMTG 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CMTG’s current price about -6.63% and -28.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.37, while 7-day volatility ratio is 7.04% and 7.05% in the 30-day chart. Further, Claros Mortgage Trust Inc (CMTG) has a beta value of 1.57, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $18.25, forecast between a low of $17.5 and high of $19. Looking at the price targets, the low is -420.83% off current price level while to achieve the yearly target high, price needs to move -465.48%. Nonetheless, investors will most likely welcome a -443.15% jump to $18.25 which is the analysts’ median price.
If we refocus on Claros Mortgage Trust Inc (NYSE:CMTG), historical trading data shows that trading volumes averaged 0.46 over the past 10 days and 439.34K over the past 3 months. The company’s latest data on shares outstanding shows there are 139.36 million shares.
The 7.84% of Claros Mortgage Trust Inc’s shares are in the hands of company insiders while institutional holders own 81.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.03 million on 2025-01-15, giving us a short ratio of 6.81. The data shows that as of 2025-01-15 short interest in Claros Mortgage Trust Inc (CMTG) stood at 502.00000000000006 of shares outstanding, with shares short rising to 3.89 million registered in 2024-12-13. Current price change has pushed the stock -25.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CMTG stock continues to rise going into the next quarter.
