In today’s recent session, 570,064 shares of the Charles & Colvard, Ltd.(NASDAQ:CTHR) have been traded, and its beta is 0.14. Most recently the company’s share price was $3.14, and it changed around $0.16 or 0.05% from the last close, which brings the market valuation of the company to $92.57 Million. CTHR at last check was trading at a discount to its 52-week high of $3.43, offering almost -9.24% off that amount. The share price’s 52-week low was $0.6, which indicates that the recent value has risen by an impressive 80.89% since then. We note from Charles & Colvard, Ltd.’s average daily trading volume that its 10-day average is 317.5 Million shares, with the 3-month average coming to 874.87 Million.
Charles & Colvard, Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended CTHR as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Charles & Colvard, Ltd. is expected to report earnings per share of $0.01 for the current quarter.
Charles & Colvard, Ltd. (NASDAQ:CTHR): Trading Information Today
Instantly CTHR has been showing a green trend so far today with a performance of 5.28% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.43- on Wednesday, Apr 07 increased the stock’s daily price by 8.16%. The company’s shares are currently up 1.56% year-to-date, but still up 0.1455 over the last five days. On the other hand, Charles & Colvard, Ltd. (NASDAQ:CTHR) is 0.39% up in the 30-day period. We can see from the shorts that 134.72 Million shares have been sold at a short interest cover period of 0.15 day(s).
The consensus price target as assigned by Wall Street analysts is $2.7, which translates to bears needing to reduce their stock price by -14.01% from its current value. Analyst projections state that CTHR is forecast to be at a low of $2.7 and a high of $2.7. In order for the stock price to hit the forecast high, the stock would need to surge -14.01% from its current level, while the stock would need to crash -14.01% from its current level to reach the projected low.
Charles & Colvard, Ltd. (CTHR) projections and forecasts
Charles & Colvard, Ltd. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +238.64 percent over the past six months and at a -500% annual growth rate that is well below the industry average of 37.8%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +133.3% in revenue this quarter, and will report an increase of 100% in the next quarter. The year-over-year growth rate is expected to be 17.9%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.9%. Charles & Colvard, Ltd. earnings are expected to decrease by -309% in 2021, but the outlook is positive 30% per year for the next five years.
Charles & Colvard, Ltd. (NASDAQ:CTHR)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 13.5% of Charles & Colvard, Ltd. shares, and 23.37% of them are in the hands of institutional investors. The stock currently has a share float of 27.02%. Charles & Colvard, Ltd. stock is held by 33 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 6.86% of the shares, which is about 2Million shares worth $2.46 Million.
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Aristides Capital, LLC, with 2.85% or 833.69 Thousand shares worth $1.03 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 609632 shares worth $749.85 Thousand, making up 2.09% of all outstanding shares. On the other hand, Bridgeway Funds Inc-Ultra Small Company Fund held roughly 298.6 Thousand shares worth around $367.28 Thousand, which represents about 1.02% of the total shares outstanding.