In last trading session, Charles & Colvard Ltd (NASDAQ:CTHR) saw 0.6 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $0.41 trading at $0.04 or 11.75% at ring of the bell on the day assigns it a market valuation of $12.44M. That closing price of CTHR’s stock is at a discount of -207.32% from its 52-week high price of $1.26 and is indicating a premium of 31.71% from its 52-week low price of $0.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.33 million shares which gives us an average trading volume of 223.71K if we extend that period to 3-months.
For Charles & Colvard Ltd (CTHR), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. 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.
Charles & Colvard Ltd (NASDAQ:CTHR) trade information
Upright in the green during last session for gaining 11.75%, in the last five days CTHR remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $0.41 price level, adding 9.35% to its value on the day. Charles & Colvard Ltd’s shares saw a change of -50.15% in year-to-date performance and have moved 36.71% in past 5-day. Charles & Colvard Ltd (NASDAQ:CTHR) showed a performance of 10.22% in past 30-days. Number of shares sold short was 0.11 million shares which calculate 0.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.10 to the stock, which implies a rise of 62.73% to its current value. Analysts have been projecting $1.10 as a low price target for the stock while placing it at a high target of $1.10. It follows that stock’s current price would drop -168.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -168.29% for stock’s current value.
Charles & Colvard Ltd (CTHR) estimates and forecasts
This year revenue growth is estimated to rise 29.20% from the last financial year’s standing.
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 -40.15% during past 5 years.
Charles & Colvard Ltd is more likely to be releasing its next quarterly report between January 31 and February 05 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.
Charles & Colvard Ltd (NASDAQ:CTHR)’s Major holders
Insiders are in possession of 23.25% of company’s total shares while institution are holding 21.75 percent of that, with stock having share float percentage of 28.34%. Investors also watch the number of corporate investors in a company very closely, which is 21.75% institutions for Charles & Colvard Ltd that are currently holding shares of the company. Punch & Associates Investment Management, Inc. is the top institutional holder at CTHR for having 2.08 million shares of worth $1.98 million. And as of Jun 29, 2023, it was holding 6.80% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 1.22 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.00% of outstanding shares, having a total worth of $1.17 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.61 million shares of worth $0.58 million or 2.00% of the total outstanding shares. The later fund manager was in possession of 0.44 million shares on Jun 29, 2023, making its stake of worth around $0.42 million in the company or a holder of 1.45% of company’s stock.