GCM Grosvenor Inc (NASDAQ:GCMG) shares, rose in value on Friday, May 30, with the stock price down by -1.64% to the previous day’s close as strong demand from buyers drove the stock to $12.61.
Actively observing the price movement in the last trading, the stock closed the session at $12.82. The PE ratio was 92.79 over 12-month period. Referring to stock’s 52-week performance, its high was $14.48, and the low was $9.25. On the whole, GCMG has fluctuated by 0.56% over the past month.
With the market capitalization of GCM Grosvenor Inc currently standing at about $2.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 3.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 515.24M, with a low estimate of 113M and a high estimate of 121.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 117.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GCMG’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% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of GCMG currently trading nearly 0.15% and -0.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.90, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 1.25%. Furthermore, GCM Grosvenor Inc (GCMG)’s beta value is 0.75, and its average true range (ATR) is 0.28.
A comparison of GCM Grosvenor Inc (GCMG) with its peers suggests the former has fared considerably weaker in the market. GCMG showed an intraday change of -1.64% in last session, and over the past year, it grew by 24.60%%.
Data on historical trading for GCM Grosvenor Inc (NASDAQ:GCMG) indicates that the trading volumes over the past 3 months, they’ve averaged 438.71K. According to company’s latest data on outstanding shares, there are 49.99 million shares outstanding.
Nearly 3.48% of GCM Grosvenor Inc’s shares belong to company insiders and institutional investors own 106.79% of the company’s shares. The stock has risen by 2.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GCMG stock heading into the next quarter.
