Cadiz Inc (NASDAQ:CDZI) shares, rose in value, with the stock price down by -11.01% to the previous day’s close as strong demand from buyers drove the stock to $3.88.
Actively observing the price movement in the last trading, the stock closed the session at $4.36. Referring to stock’s 52-week performance, its high was $5.68, and the low was $2.12. On the whole, CDZI has fluctuated by -23.02% over the past month.
With the market capitalization of Cadiz Inc currently standing at about $291.71 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.3M, with a low estimate of 8.44M and a high estimate of 8.44M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.44M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CDZI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CDZI currently trading nearly -16.99% and -18.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.00, while the 7-day volatility ratio is showing 12.23% which for the 30-day chart, stands at 7.32%. Furthermore, Cadiz Inc (CDZI)’s beta value is 1.41, and its average true range (ATR) is 0.38.
A comparison of Cadiz Inc (CDZI) with its peers suggests the former has fared considerably weaker in the market. CDZI showed an intraday change of -11.01% in last session, and over the past year, it grew by 32.42%%. In comparison, California Water Service Group (CWT) has moved higher at 0.17%% on the day and was up 2.30% over the past 12 months. On the other hand, the price of American States Water Co. (AWR) has fallen -0.12%% on the day. The stock, however, is off 8.59% from where it was a year ago. Additionally, there is a loss of -0.99%% for American Water Works Co. (AWK) in last trading while the stock has seen an overall depriciation of 14.55%% over the past year.
Data on historical trading for Cadiz Inc (NASDAQ:CDZI) indicates that the trading volumes over the past 3 months, they’ve averaged 595.48K. According to company’s latest data on outstanding shares, there are 68.10 million shares outstanding.
Nearly 36.85% of Cadiz Inc’s shares belong to company insiders and institutional investors own 36.13% of the company’s shares. The stock has fallen by -25.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CDZI stock heading into the next quarter.
