Cbiz Inc (CBZ): A Technical Analysis

Cbiz Inc (NYSE: CBZ) has a higher price-to-earnings ratio of 32.88x compared to its average ratio. CBZ has 36-month beta value of 0.84. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for CBZ is 47.45M, and currently, short sellers hold a 1.66% ratio of that float. The average trading volume of CBZ on March 29, 2024 was 311.26K shares.

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CBZ) stock’s latest price update

Cbiz Inc (NYSE: CBZ)’s stock price has soared by 0.58 in relation to previous closing price of 78.05. Nevertheless, the company has seen a gain of 0.50% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Here is how CBIZ (CBZ) and CompoSecure, Inc. (CMPO) have performed compared to their sector so far this year.

CBZ’s Market Performance

Cbiz Inc (CBZ) has experienced a 0.50% rise in stock performance for the past week, with a 4.28% rise in the past month, and a 25.08% rise in the past quarter. The volatility ratio for the week is 1.56%, and the volatility levels for the past 30 days are at 1.86% for CBZ. The simple moving average for the last 20 days is 3.03% for CBZ’s stock, with a simple moving average of 32.35% for the last 200 days.

Analysts’ Opinion of CBZ

Sidoti, on the other hand, stated in their research note that they expect to see CBZ reach a price target of $63. The rating they have provided for CBZ stocks is “Buy” according to the report published on October 30th, 2023.

Sidoti gave a rating of “Neutral” to CBZ, setting the target price at $58 in the report published on September 05th of the previous year.

CBZ Trading at 10.71% from the 50-Day Moving Average

After a stumble in the market that brought CBZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.52% of loss for the given period.

Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +3.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.22% upper at present.

During the last 5 trading sessions, CBZ rose by +0.50%, which changed the moving average for the period of 200-days by +48.23% in comparison to the 20-day moving average, which settled at $76.34. In addition, Cbiz Inc saw 25.42% 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 CBZ starting from GROVE WARE H, who sale 100 shares at the price of $58.10 back on Nov 24 ’23. After this action, GROVE WARE H now owns 267,575 shares of Cbiz Inc, valued at $5,810 using the latest closing price.

GROVE WARE H, the C.F.O. of Cbiz Inc, sale 6,849 shares at $57.99 during a trade that took place back on Nov 22 ’23, which means that GROVE WARE H is holding 267,675 shares at $397,154 based on the most recent closing price.

Stock Fundamentals for CBZ

Current profitability levels for the company are sitting at:

  • 0.1 for the present operating margin
  • 0.14 for the gross margin

The net margin for Cbiz Inc stands at 0.08. The total capital return value is set at 0.1. Equity return is now at value 16.07, with 6.02 for asset returns.

Based on Cbiz Inc (CBZ), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 8.21.

Currently, EBITDA for the company is 204.91 million with net debt to EBITDA at 2.44. When we switch over and look at the enterprise to sales, we see a ratio of 2.79. The receivables turnover for the company is 4.19for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.

Conclusion

To put it simply, Cbiz Inc (CBZ) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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