In last trading session, Creative Media & Community Trust (NASDAQ:CMCT) saw 1.19 million shares changing hands with its beta currently measuring 0.61. Company’s recent per share price level of $0.72 trading at $0.03 or 3.94% at ring of the bell on the day assigns it a market valuation of $16.73M. That closing price of CMCT’s stock is at a discount of -527.78% from its 52-week high price of $4.52 and is indicating a premium of 5.56% from its 52-week low price of $0.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.52 million shares which gives us an average trading volume of 77.60K if we extend that period to 3-months.
For Creative Media & Community Trust (CMCT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. 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 -0.64 in the current quarter.
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Creative Media & Community Trust (NASDAQ:CMCT) trade information
Upright in the green during last session for gaining 3.94%, in the last five days CMCT remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $0.72 price level, adding 65.03% to its value on the day. Creative Media & Community Trust’s shares saw a change of -80.11% in year-to-date performance and have moved -61.57% in past 5-day. Creative Media & Community Trust (NASDAQ:CMCT) showed a performance of -63.30% in past 30-days. Number of shares sold short was 57566.0 shares which calculate 5.1 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 82.0% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -455.56% in reaching the projected high whereas dropping to the targeted low would mean a loss of -455.56% for stock’s current value.
Creative Media & Community Trust (CMCT) estimates and forecasts
Statistics highlight that Creative Media & Community Trust is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -82.52% of value to its shares in past 6 months, showing an annual growth rate of -34.07% while that of industry is -3.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -45.00% 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 16.47M for the same. And 1 analysts are in estimates of company making revenue of 16.62M in the next quarter. Company posted 28.12M and 29.47M of sales in current and next quarters respectively a year earlier.
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 -27.75% during past 5 years.
CMCT Dividends
Creative Media & Community Trust is more likely to be releasing its next quarterly report in October 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. With an annual yield of 46.32%, the share has a forward dividend of 0.33 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 6.04%.
Creative Media & Community Trust (NASDAQ:CMCT)’s Major holders
Insiders are in possession of 15.26% of company’s total shares while institution are holding 67.11 percent of that, with stock having share float percentage of 79.19%. Investors also watch the number of corporate investors in a company very closely, which is 67.11% institutions for Creative Media & Community Trust that are currently holding shares of the company. Y.D. MORE INVESTMENTS LTD is the top institutional holder at CMCT for having 0.83 million shares of worth $2.24 million. And as of 2024-06-30, it was holding 3.6596 of the company’s outstanding shares.
The second largest institutional holder is TREASURER OF THE STATE OF NORTH CAROLINA, which was holding about 0.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.4355 of outstanding shares, having a total worth of $2.1 million.
