Creative Media & Community Trust (NASDAQ:CMCT) has a beta value of 0.44 and has seen 0.11 million shares traded in the last trading session. The company, currently valued at $8.51M, closed the last trade at $0.73 per share which meant it gained $0.01 on the day or 1.57% during that session. The CMCT stock price is -5928.77% off its 52-week high price of $44.01 and 13.7% above the 52-week low of $0.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.12 million shares traded. The 3-month trading volume is 531.24K shares.
The consensus among analysts is that Creative Media & Community Trust (CMCT) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
Creative Media & Community Trust (NASDAQ:CMCT) trade information
Sporting 1.57% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CMCT stock price touched $0.73 or saw a rise of 2.67%. Year-to-date, Creative Media & Community Trust shares have moved -67.50%, while the 5-day performance has seen it change 3.01%. Over the past 30 days, the shares of Creative Media & Community Trust (NASDAQ:CMCT) have changed -16.16%. Short interest in the company has seen 0.19 million shares shorted with days to cover at 0.16.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 81.75% from current levels. The projected low price target is $4.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is -447.95% off the targeted high while a plunge would see the stock gain -447.95% from current levels.
Creative Media & Community Trust (CMCT) estimates and forecasts
The company’s shares have lost -96.53% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -27.75% over the past 5 years.
CMCT Dividends
Creative Media & Community Trust is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.17 at a share yield of 23.25%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 16.68%.
Creative Media & Community Trust (NASDAQ:CMCT)’s Major holders
Insiders own 3.43% of the company shares, while shares held by institutions stand at 24.04% with a share float percentage of 24.89%. Investors are also buoyed by the number of investors in a company, with Creative Media & Community Trust having a total of 71.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 0.69 million shares worth more than $1.85 million. As of 2024-06-30, VANGUARD GROUP INC held 3.0193% of shares outstanding.
The other major institutional holder is GOLDMAN SACHS GROUP INC, with the holding of over 0.42 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.12 million and represent 1.8362% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 0.06% shares in the company for having 49.71 shares of worth $36350.0 while later fund manager owns 19.43 shares of worth $14207.0 as of Sep 30, 2024, which makes it owner of about 0.02% of company’s outstanding stock.
