CorEnergy Infrastructure Trust Inc (NYSE: CORR) has experienced a decline in its stock price by -15.16 compared to its previous closing price of 0.48. However, the company has seen a fall of -17.98% in its stock price over the last five trading days. Seeking Alpha reported 2023-08-14 that CorEnergy Infrastructure Trust, Inc. (NYSE:CORR ) Q2 2023 Results Conference Call August 14, 2023 12:00 PM ET Company Participants Matt Kreps – IR Dave Schulte – CEO, Chairman Chris Huffman – CAO Robert Waldron – President, CFO Conference Call Participants Tim O’Toole – Stifel Operator Greetings. Welcome to the CorEnergy Second Quarter 2023 Results Call.
Is It Worth Investing in CorEnergy Infrastructure Trust Inc (NYSE: CORR) Right Now?
, and the 36-month beta value for CORR is at 1.29. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price suggested by analysts for CORR is $1.00, which is $0.59 above the current market price. The public float for CORR is 14.53M, and currently, shorts hold a 1.61% of that float. The average trading volume for CORR on November 17, 2023 was 48.16K shares.
CORR’s Market Performance
CORR’s stock has seen a -17.98% decrease for the week, with a -43.04% drop in the past month and a -58.15% fall in the past quarter. The volatility ratio for the week is 11.99%, and the volatility levels for the past 30 days are at 11.30% for CorEnergy Infrastructure Trust Inc The simple moving average for the past 20 days is -32.67% for CORR’s stock, with a -62.26% simple moving average for the past 200 days.
Analysts’ Opinion of CORR
Many brokerage firms have already submitted their reports for CORR stocks, with DA Davidson repeating the rating for CORR by listing it as a “Neutral.” The predicted price for CORR in the upcoming period, according to DA Davidson is $9.50 based on the research report published on February 08, 2021 of the previous year 2021.
CORR Trading at -42.58% from the 50-Day Moving Average
After a stumble in the market that brought CORR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.22% of loss for the given period.
Volatility was left at 11.30%, however, over the last 30 days, the volatility rate increased by 11.99%, as shares sank -45.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.74% lower at present.
During the last 5 trading sessions, CORR fell by -17.98%, which changed the moving average for the period of 200-days by -81.10% in comparison to the 20-day moving average, which settled at $0.5917. In addition, CorEnergy Infrastructure Trust Inc saw -80.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CORR
Current profitability levels for the company are sitting at:
- +16.47 for the present operating margin
- +33.26 for the gross margin
The net margin for CorEnergy Infrastructure Trust Inc stands at -9.54. The total capital return value is set at 4.65, while invested capital returns managed to touch -3.71. Equity return is now at value -11.57, with -2.73 for asset returns.
Based on CorEnergy Infrastructure Trust Inc (CORR), the company’s capital structure generated 180.30 points at debt to equity in total, while total debt to capital is 64.32.
When we switch over and look at the enterprise to sales, we see a ratio of 1.57, with the company’s debt to enterprise value settled at 0.46. The receivables turnover for the company is 8.28 and the total asset turnover is 0.27.
In conclusion, CorEnergy Infrastructure Trust Inc (CORR) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.