GCM Grosvenor Inc (NASDAQ:GCMG) price on Friday, March 21, rose 0.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.33.
A look at the stock’s price movement, the close in the last trading session was $13.31, moving within a range at $13.17 and $13.38. The beta value (5-Year monthly) was 0.583 while the PE ratio in trailing twelve months stood at 412.69. Turning to its 52-week performance, $14.48 and $8.88 were the 52-week high and 52-week low respectively. Overall, GCMG moved -7.11% over the past month.
GCM Grosvenor Inc’s market cap currently stands at around $2.52 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-09. The company has a Forward Dividend ratio of 0.44, with its dividend yield at 3.30%. 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 125.67M for the company’s revenue for the quarter, with a low and high estimate of 122M and 130.3M respectively. The average forecast suggests up to a 15.43% 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 563.34M, representing a 9.60% jump 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 GCMG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 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 1 analyst(s) rate the stock as a Hold, 2 recommend GCMG 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GCMG’s current price about 0.08% and -0.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.62, while 7-day volatility ratio is 1.85% and 2.13% in the 30-day chart. Further, GCM Grosvenor Inc (GCMG) has a beta value of 0.66, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $12.5, forecast between a low of $12.5 and high of $12.5. Looking at the price targets, the low is 6.23% off current price level while to achieve the yearly target high, price needs to move 6.23%. Nonetheless, investors will most likely welcome a 6.23% jump to $12.5 which is the analysts’ median price.
If we refocus on GCM Grosvenor Inc (NASDAQ:GCMG), historical trading data shows that trading volumes averaged 0.44 over the past 10 days and 390.15K over the past 3 months. The company’s latest data on shares outstanding shows there are 44.90 million shares.
The 3.41% of GCM Grosvenor Inc’s shares are in the hands of company insiders while institutional holders own 113.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.54 million on 2025-02-28, giving us a short ratio of 20.59. The data shows that as of 2025-02-28 short interest in GCM Grosvenor Inc (GCMG) stood at 3632.0 of shares outstanding, with shares short rising to 7.45 million registered in 2025-01-31. Current price change has pushed the stock 8.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GCMG stock continues to rise going into the next quarter.
