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Centennial Resource Development Inc. (CDEV): Skating on Thin Ice? We Know the Answer

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Centennial Resource Development Inc. (NASDAQ:CDEV) went down by -2.01% from its latest closing price compared to the recent 1-year high of $8.29. The company’s stock price has collected 5.74% of gains in the last five trading sessions. Press Release reported on 12/01/21 that Centennial Resource Development Announces Closing of Non-Core Asset Divestiture

Is It Worth Investing in Centennial Resource Development Inc. (NASDAQ :CDEV) Right Now?

Plus, the 36-month beta value for CDEV is at 5.98.


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CDEV currently public float of 188.05M and currently shorts hold a 20.84% ratio of that float. Today, the average trading volume of CDEV was 6.49M shares.

CDEV’s Market Performance

CDEV stocks went up by 5.74% for the week, with a monthly jump of 0.74% and a quarterly performance of -4.88%, while its annual performance rate touched 237.62%. The volatility ratio for the week stands at 6.63% while the volatility levels for the past 30 days are set at 6.04% for Centennial Resource Development Inc.. The simple moving average for the period of the last 20 days is 7.06% for CDEV stocks with a simple moving average of 17.45% for the last 200 days.

Analysts’ Opinion of CDEV

Many brokerage firms have already submitted their reports for CDEV stocks, with Cowen repeating the rating for CDEV by listing it as a “Market Perform.” The predicted price for CDEV in the upcoming period, according to Cowen is $5.75 based on the research report published on August 18th of the previous year 2021.

Citigroup gave a rating of “Neutral” to CDEV, setting the target price at $7.50 in the report published on July 16th of the previous year.

CDEV Trading at 1.52% from the 50-Day Moving Average

After a stumble in the market that brought CDEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.73% of loss for the given period.

Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 6.63%, as shares sank -0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.34% lower at present.

During the last 5 trading sessions, CDEV rose by +5.74%, which changed the moving average for the period of 200-days by +60.09% in comparison to the 20-day moving average, which settled at $6.37. In addition, Centennial Resource Development Inc. saw 14.05% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CDEV starting from Tepper Jeffrey, who sale 39,263 shares at the price of $7.04 back on Nov 23. After this action, Tepper Jeffrey now owns 182,612 shares of Centennial Resource Development Inc., valued at $276,435 using the latest closing price.

Tepper Jeffrey, the Director of Centennial Resource Development Inc., sale 20,000 shares at $6.76 during a trade that took place back on Nov 22, which means that Tepper Jeffrey is holding 221,875 shares at $135,200 based on the most recent closing price.

Stock Fundamentals for CDEV

Equity return is now at value -4.30, with -2.90 for asset returns.

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