In last trading session, Cadiz Inc. (NASDAQ:CDZI) saw 1.39 million shares changing hands with its beta currently measuring 0.64. Company’s recent per share price level of $3.63 trading at -$0.38 or -9.48% at ring of the bell on the day assigns it a market valuation of $241.14M. That closing price of CDZI’s stock is at a discount of -59.78% from its 52-week high price of $5.80 and is indicating a premium of 59.23% from its 52-week low price of $1.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.27 million shares which gives us an average trading volume of 500.07K if we extend that period to 3-months.
For Cadiz Inc. (CDZI), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Cadiz Inc. (NASDAQ:CDZI) trade information
Upright in the red during last session for losing -9.48%, in the last five days CDZI remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $3.63 price level, adding 15.58% to its value on the day. Cadiz Inc.’s shares saw a change of 45.20% in year-to-date performance and have moved -10.59% in past 5-day. Cadiz Inc. (NASDAQ:CDZI) showed a performance of -4.97% in past 30-days. Number of shares sold short was 2.62 million shares which calculate 12.58 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $15.00 to the stock, which implies a rise of 75.8% to its current value. Analysts have been projecting $15.00 as a low price target for the stock while placing it at a high target of $15.00. It follows that stock’s current price would drop -313.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -313.22% for stock’s current value.
Cadiz Inc. (CDZI) estimates and forecasts
Statistics highlight that Cadiz Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.15% of value to its shares in past 6 months, showing an annual growth rate of 56.67% while that of industry is 21.60. Apart from that, the company came raising its revenue forecast for fiscal year 2023. This year revenue growth is estimated to rise 100.50% 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 $809k for the same. And 1 analysts are in estimates of company making revenue of $1.14 million in the next quarter that will end on Sep 2023. Company posted $185k and $599k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 337.30% while estimating it to be 90.30% for the next quarter.
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 -33.50% during past 5 years.
Cadiz Inc. is more likely to be releasing its next quarterly report between November 13 and November 17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Cadiz Inc. (NASDAQ:CDZI)’s Major holders
Insiders are in possession of 40.30% of company’s total shares while institution are holding 33.64 percent of that, with stock having share float percentage of 56.35%. Investors also watch the number of corporate investors in a company very closely, which is 33.64% institutions for Cadiz Inc. that are currently holding shares of the company. Odey Asset Management Llp is the top institutional holder at CDZI for having 5.85 million shares of worth $21.23 million. And as of Jun 29, 2023, it was holding 8.78% of the company’s outstanding shares.
The second largest institutional holder is B. Riley Asset Management, Llc, which was holding about 3.26 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.90% of outstanding shares, having a total worth of $11.85 million.
On the other hand, Vanguard Total Stock Market Index Fund and Northern Lights Fd Tr-Altegris/AACA Opportunistic Real Estate Fd are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.13 million shares of worth $4.09 million or 1.69% of the total outstanding shares. The later fund manager was in possession of 1.09 million shares on Jun 29, 2023, making its stake of worth around $3.94 million in the company or a holder of 1.63% of company’s stock.