In the last trading session, 1.43 million Creative Media & Community Trust (NASDAQ:CMCT) shares changed hands as the company’s beta touched 0.59. With the company’s per share price at $0.63 changed hands at -$0.09 or -12.52% during last session, the market valuation stood at $14.64M. CMCT’s last price was a discount, traded about -617.46% off its 52-week high of $4.52. The share price had its 52-week low at $0.68, which suggests the last value was -7.94% down since then. When we look at Creative Media & Community Trust’s average trading volume, we note the 10-day average is 0.66 million shares, with the 3-month average coming to 96.40K.
Analysts gave the Creative Media & Community Trust (CMCT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CMCT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Creative Media & Community Trust’s EPS for the current quarter is expected to be -0.64.
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Creative Media & Community Trust (NASDAQ:CMCT) trade information
Instantly CMCT was in red as seen at the end of in last trading. With action -68.83%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -82.60%, with the 5-day performance at -68.83% in the red. However, in the 30-day time frame, Creative Media & Community Trust (NASDAQ:CMCT) is -67.72% down. Looking at the short shares, we see there were 57566.0 shares sold at short interest cover period of 5.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 84.25% from its current market value. According to analyst projections, CMCT’s forecast low is 4 with 4 as the target high. To hit the forecast high, the stock’s price needs a -534.92% plunge from its current level, while the stock would need to soar -534.92% for it to hit the projected low.
Creative Media & Community Trust (CMCT) estimates and forecasts
Data shows that the Creative Media & Community Trust share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -84.93% over the past 6 months, a -37.08% in annual growth rate that is considerably lower than the industry average of -3.30%. Year-over-year growth is forecast to reach -45.00% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 16.47M. 1 analysts are of the opinion that Creative Media & Community Trust’s revenue for the current quarter will be 16.62M. The company’s revenue for the corresponding quarters a year ago was 28.12M and 29.47M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -41.40%. The estimates for the next quarter sales put growth at -43.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.75%.
CMCT Dividends
Creative Media & Community Trust is expected to release its next quarterly earnings report in October. The 54.01% annual yield figure for the share gives it an annual dividend of 0.34. It is important to note, however, that the 54.01% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 6.04 per year.
Creative Media & Community Trust (NASDAQ:CMCT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.26% of Creative Media & Community Trust shares while 67.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.19%. There are 67.11% institutions holding the Creative Media & Community Trust stock share, with Y.D. MORE INVESTMENTS LTD the top institutional holder. As of 2024-06-30, the company held 3.6596% of the shares, roughly 0.83 million CMCT shares worth $2.24 million.
TREASURER OF THE STATE OF NORTH CAROLINA holds the second largest percentage of outstanding shares, with 3.4355% or 0.78 million shares worth $2.1 million as of 2024-06-30.
