The trading price of Cato Corp (NYSE:CATO) closed higher on Friday, May 23, and closing at $2.89, 1.76% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $6.70 and a 52-week low of $2.19. Over the past month, the stock has gained 16.53% in value.
Cato Corp, whose market valuation is $57.26 million at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 11.76%, while its Forward Dividend ratio is 0.34. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CATO has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that CATO’s price is currently 13.51% off the SMA20 and 4.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.28, and weekly volatility stands at 10.12%. When measured over the past 30 days, the indicator reaches 5.72%. Cato Corp (NYSE:CATO)’s beta value is currently sitting at 0.82, while the Average True Range indicator is currently displaying 0.21.
To see how Cato Corp stock has been performing in comparison to its peers in the industry, here are the numbers: CATO stock’s performance was 1.76% in the latest trading, and -43.88% in the past year.
An evaluation of the daily trading volume of Cato Corp (NYSE:CATO) indicates that the 3-month average is 62.55K.
Currently, records show that 19.81 million of the company’s shares remain outstanding. The insiders hold 25.38% of outstanding shares, whereas institutions hold 32.40%. However, since the stock’s price has seen -25.90% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
