During the last session, CION Invt Corp (NYSE:CION)’s traded shares were 0.71 million, with the beta value of the company hitting 1.10. At the end of the trading day, the stock’s price was $9.25, reflecting an intraday gain of 0.22% or $0.02. The 52-week high for the CION share is $12.71, that puts it down -37.41 from that peak though still a striking 8.0% gain since the share price plummeted to a 52-week low of $8.51. The company’s market capitalization is $486.47M, and the average intraday trading volume over the past 10 days was 0.39 million shares, and the average trade volume was 379.97K shares over the past three months.
CION Invt Corp (NYSE:CION) trade information
CION Invt Corp (CION) registered a 0.22% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.22% in intraday trading to $9.25, hitting a weekly high. The stock’s 5-day price performance is 1.87%, and it has moved by -7.04% in 30 days. Based on these gigs, the overall price performance for the year is -24.15%. The short interest in CION Invt Corp (NYSE:CION) is 0.61 million shares and it means that shorts have 2.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.25, which implies an increase of 24.49% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11.5 and $13 respectively. As a result, CION is trading at a discount of -40.54% off the target high and -24.32% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -7.00%. While earnings are projected to return -63.70% in 2025.
CION Dividends
CION Invt Corp is due to release its next quarterly earnings on 2025-May-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for CION Invt Corp is 1.44, with the dividend yield indicating at 15.53 percent, continuing the trend of increasing dividends in recent years.
CION Invt Corp (NYSE:CION)’s Major holders
CION Invt Corp insiders own 0.57% of total outstanding shares while institutional holders control 38.38%, with the float percentage being 38.60%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 190.0 institutions own stock in it. As of 2024-06-30, the company held over 1.24 million shares (or 2.3087% of all shares), a total value of $15.0 million in shares.
The next largest institutional holding, with 1.13 million shares, is of MORGAN STANLEY’s that is approximately 2.1098% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.7 million.
