In the last trading session, 1.82 million shares of the Creative Media & Community Trust (NASDAQ:CMCT) were traded, and its beta was 0.53. Most recently the company’s share price was $0.71, and it changed around $0.08 or 12.86% from the last close, which brings the market valuation of the company to $16.51M. CMCT currently trades at a discount to its 52-week high of $4.40, offering almost -519.72% off that amount. The share price’s 52-week low was $0.42, which indicates that the current value has risen by an impressive 40.85% since then. We note from Creative Media & Community Trust’s average daily trading volume that its 10-day average is 1.3 million shares, with the 3-month average coming to 191.51K.
Creative Media & Community Trust stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended CMCT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Creative Media & Community Trust is expected to report earnings per share of -0.64 for the current quarter.
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Creative Media & Community Trust (NASDAQ:CMCT) trade information
Instantly CMCT has showed a green trend with a performance of 12.86% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7299 on recent trading dayincreased the stock’s daily price by 2.73%. The company’s shares are currently down -80.37% year-to-date, but still up 12.77% over the last five days. On the other hand, Creative Media & Community Trust (NASDAQ:CMCT) is -61.88% down in the 30-day period. We can see from the shorts that 57566.0 shares have been sold at a short interest cover period of 5.1 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 82.25% from its current value. Analyst projections state that CMCT is forecast to be at a low of $4 and a high of $4.
Creative Media & Community Trust (CMCT) estimates and forecasts
Creative Media & Community Trust share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -81.54 percent over the past six months and at a -37.08% annual growth rate that is well below the industry average of -3.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.40% in revenue this quarter, and will report an increase of 9.90% in the next quarter. The year-over-year growth rate is expected to be -45.00%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 16.47M in revenue for the current quarter. 1 analysts expect Creative Media & Community Trust to make 16.62M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 28.12M and 29.47M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -41.40%. Forecasts for the next quarter put sales growth at -43.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.75%.
CMCT Dividends
Creative Media & Community Trust’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 47.89 percent and its annual dividend per share was 0.34. It is important to note, however, that the 47.89% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 7.04 per year.
Creative Media & Community Trust (NASDAQ:CMCT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 19.55% of Creative Media & Community Trust shares, and 66.30% of them are in the hands of institutional investors. The stock currently has a share float of 82.41%. Creative Media & Community Trust stock is held by 46.0 institutions, with Y.D. MORE INVESTMENTS LTD being the largest institutional investor. By 2024-06-30, it held 3.6596% of the shares, which is about 0.83 million shares worth $2.24 million.
TREASURER OF THE STATE OF NORTH CAROLINA, with 3.4355% or 0.78 million shares worth $2.1 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
