Creative Media & Community Trust (NASDAQ:CMCT)’s traded shares stood at 1.23 million during the last session, with the company’s beta value hitting 0.56. At the close of trading, the stock’s price was $0.63, to imply an increase of 23.77% or $0.12 in intraday trading. The CMCT share’s 52-week high remains $4.40, putting it -598.41% down since that peak but still an impressive 33.33% since price per share fell to its 52-week low of $0.42. The company has a valuation of $14.62M, with an average of 1.13 million shares in intraday trading volume over the past 10 days and average of 172.30K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Creative Media & Community Trust (CMCT), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CMCT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.64.
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Creative Media & Community Trust (NASDAQ:CMCT) trade information
After registering a 23.77% upside in the last session, Creative Media & Community Trust (CMCT) has traded red over the past five days. The 5-day price performance for the stock is -12.59%, and -66.58% over 30 days. With these gigs, the year-to-date price performance is -82.61%. Short interest in Creative Media & Community Trust (NASDAQ:CMCT) saw shorts transact 57566.0 shares and set a 5.1 days time to cover.
The extremes give us $4 and $4 for target low and target high price respectively. As such, CMCT has been trading -534.92% off suggested target high and -534.92% from its likely low.
Creative Media & Community Trust (CMCT) estimates and forecasts
Looking at statistics comparing Creative Media & Community Trust share performance against respective industry, we note that the company has underperformed competitors. Creative Media & Community Trust (CMCT) shares are -84.04% down over the last 6 months, with its year-to-date growth rate lower than industry average at -37.08% against -3.30%. Revenue is forecast to grow 35.40% this quarter before jumping 9.90% for the next one. The rating firms project that company’s revenue will shrink -45.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 16.47M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 16.62M.Earnings reports from the last fiscal year show that sales brought in 28.12M and 29.47M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -41.40% before dropping -43.60% in the following quarter.
CMCT Dividends
Creative Media & Community Trust has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Creative Media & Community Trust has a forward dividend ratio of 0.33, with the share yield ticking at 52.99% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 7.04%.
Creative Media & Community Trust (NASDAQ:CMCT)’s Major holders
Creative Media & Community Trust insiders hold 19.55% of total outstanding shares, with institutional holders owning 66.30% of the shares at 82.41% float percentage. In total, 66.30% institutions holds shares in the company, led by Y.D. MORE INVESTMENTS LTD. As of 2024-06-30, the company held over 0.83 million shares (or 3.6596% of shares), all amounting to roughly $2.24 million.
The next major institution holding the largest number of shares is TREASURER OF THE STATE OF NORTH CAROLINA with 0.78 million shares, or about 3.4355% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.1 million.
