Now Is The Time To Build A Position In Cadiz Inc (NASDAQ:CDZI)

In last trading session, Cadiz Inc (NASDAQ:CDZI) saw 0.67 million shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $4.47 trading at $0.23 or 5.42% at ring of the bell on the day assigns it a market valuation of $336.07M. That closing price of CDZI’s stock is at a discount of -5.59% from its 52-week high price of $4.72 and is indicating a premium of 52.57% from its 52-week low price of $2.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.73 million shares which gives us an average trading volume of 340.58K if we extend that period to 3-months.

Cadiz Inc (NASDAQ:CDZI) trade information

Upright in the green during last session for gaining 5.42%, in the last five days CDZI remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $4.47 price level, adding 5.3% to its value on the day. Cadiz Inc’s shares saw a change of 59.64% in year-to-date performance and have moved 39.25% in past 5-day. Cadiz Inc (NASDAQ:CDZI) showed a performance of 50.00% in past 30-days. Number of shares sold short was 4.97 million shares which calculate 10.92 days to cover the short interests.

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Cadiz Inc (CDZI) estimates and forecasts

Statistics highlight that Cadiz Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 47.52% of value to its shares in past 6 months, showing an annual growth rate of 16.07% while that of industry is -3.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.44M for the same. And 1 analysts are in estimates of company making revenue of 4.57M in the next quarter.

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 12.65% during past 5 years.

Cadiz Inc (NASDAQ:CDZI)’s Major holders

Insiders are in possession of 36.80% of company’s total shares while institution are holding 39.45 percent of that, with stock having share float percentage of 62.42%. Investors also watch the number of corporate investors in a company very closely, which is 39.45% institutions for Cadiz Inc that are currently holding shares of the company. B. RILEY ASSET MANAGEMENT, LLC is the top institutional holder at CDZI for having 3.52 million shares of worth $10.88 million. And as of 2024-06-30, it was holding 5.2578 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 2.79 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1695 of outstanding shares, having a total worth of $8.63 million.

On the other hand, Northern Lights Fd Tr-Altegris/AACA Opportunistic Real Estate Fd and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.28 shares of worth $5.7 million or 1.71% of the total outstanding shares. The later fund manager was in possession of 1.26 shares on Jun 30, 2024 , making its stake of worth around $5.59 million in the company or a holder of 1.68% of company’s stock.