In last trading session, Charles & Colvard, Ltd. (NASDAQ:CTHR) saw 1,314,896 shares changing hands with its beta currently measuring 1. Company’s recent per share price level of $0.6936 trading at $0 or -1.62% at ring of the bell on the day assigns it a market valuation of $20.1 Million. That closing price of CTHR’s stock is at a discount of -139.33% from its 52-week high price of $1.66 and is indicating a premium of 13.49% from its 52-week low price of $0.6. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 293.71 Million shares which gives us an average trading volume of 266.68 Million if we extend that period to 3-months.
For Charles & Colvard, Ltd. (CTHR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.07 in the current quarter.
Charles & Colvard, Ltd. (NASDAQ:CTHR) trade information
In the face of being in the red today for losing -1.62%, in the last five days CTHR remained trading in the green while hitting it’s week-highest on Wednesday, Jun 24 when the stock touched $0.76 price level, adding 8.74% to its value on the day. Charles & Colvard, Ltd.’s shares saw a change of -51.15% in year-to-date performance and have moved -4.42% in past 5-day. Charles & Colvard, Ltd. (NASDAQ:CTHR) showed a performance of 0.52% in past 30-days. Number of shares sold short was 19.89 Million shares which calculate 0.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.25 to the stock, which implies a rise of 80.22% to its current value. Analysts have been projecting $1.25 as a low price target for the stock while placing it at a high target of $1.25. It follows that stock’s current price would jump +80.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of 80.22% for stock’s current value.
Charles & Colvard, Ltd. (CTHR) estimates and forecasts
Statistics highlight that Charles & Colvard, Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -50.81% of value to its shares in past 6 months, showing an annual growth rate of -160% while that of industry is NA. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -800% in the current quarter and calculating -600% decline in the next quarter. This year revenue growth is estimated to drop -15% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.6 Million for the same. And 1 analysts are in estimates of company making revenue of $3Million in the next quarter that will end in September 01, 2020. Company posted $7.61 Million of sales in current quarter a year earlier. Analysts are expecting this quarter sales to drop by -65.8%.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 237.4% while estimates for its earnings growth in next 5 years are of 30%
Charles & Colvard, Ltd. (NASDAQ:CTHR)’s Major holders
Insiders are in possession of 11.76% of company’s total shares while institution are holding 41.72% percent of that, with stock having share float percentage of 47.28%. Investors also watch the number of corporate investors in a company very closely, which is 41 institutions for Charles & Colvard, Ltd. that are currently holding shares of the company. Signia Capital Management LLC is the top institutional holder at CTHR for having 1.59 Million shares of worth $1.08 Million. And as of March 30, 2020, it was holding 5.5% of the company’s outstanding shares.
The second largest institutional holder is Aristides Capital, LLC, which was holding about 1.54 Million shares on March 30, 2020. The number of shares represents firm’s hold over 5.3% of outstanding shares, having a total worth of $1.04 Million.
On the other hand, Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 609632 shares of worth $412.42 Thousand or 2.1% of the total outstanding shares. The later fund manager was in possession of 298.6 Thousand shares on March 30, 2020, making its stake of worth around $202Thousand in the company or a holder of 1.03% of company’s stock.