Creative Media & Community Trust (NASDAQ:CMCT) has a beta value of 0.61 and has seen 0.7 million shares traded in the recent trading session. The company, currently valued at $22.79M, closed the recent trade at $1.00 per share which meant it lost -$0.53 on the day or -34.81% during that session. The CMCT stock price is -352.0% off its 52-week high price of $4.52 and -41.0% below the 52-week low of $1.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 46270.0 shares traded. The 3-month trading volume is 22.05K shares.
The consensus among analysts is that Creative Media & Community Trust (CMCT) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
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Creative Media & Community Trust (NASDAQ:CMCT) trade information
Sporting -34.81% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CMCT stock price touched $1.00 or saw a rise of 51.43%. Year-to-date, Creative Media & Community Trust shares have moved -72.35%, while the 5-day performance has seen it change -46.31%. Over the past 30 days, the shares of Creative Media & Community Trust (NASDAQ:CMCT) have changed -48.99%. Short interest in the company has seen 49487.0 shares shorted with days to cover at 5.46.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 75.0% from the levels at last check today. The projected low price target is $4.0 while the price target rests at a high of $4.0. In that case, then, we find that the latest price level in today’s session is -300.0% off the targeted high while a plunge would see the stock gain -300.0% from the levels at last check today.
Creative Media & Community Trust (CMCT) estimates and forecasts
Figures show that Creative Media & Community Trust shares have underperformed across the wider relevant industry. The company’s shares have lost -75.59% over the past 6 months, with this year growth rate of -36.26%, compared to -3.60% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -27.75% over the past 5 years.
CMCT Dividends
Creative Media & Community Trust is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.34 at a share yield of 34.00%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.04%.
Creative Media & Community Trust (NASDAQ:CMCT)’s Major holders
Insiders own 14.96% of the company shares, while shares held by institutions stand at 65.78% with a share float percentage of 77.35%. Investors are also buoyed by the number of investors in a company, with Creative Media & Community Trust having a total of 46.0 institutions that hold shares in the company. The top two institutional holders are Y.D. MORE INVESTMENTS LTD with over 0.83 million shares worth more than $2.24 million. As of 2024-06-30, Y.D. MORE INVESTMENTS LTD held 3.6596% of shares outstanding.
The other major institutional holder is TREASURER OF THE STATE OF NORTH CAROLINA, with the holding of over 0.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.1 million and represent 3.4355% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Advisors Inner Circle Fund III-First Foundation Total Return Fd. As of Jun 30, 2024, the former fund manager holds about 2.10% shares in the company for having 477.63 shares of worth $0.47 million while later fund manager owns 217.29 shares of worth $0.21 million as of Jun 30, 2024, which makes it owner of about 0.95% of company’s outstanding stock.
