Codere Online Luxembourg S.A (CDRO) Stock: Evaluating the Annual Growth

The stock of Codere Online Luxembourg S.A (CDRO) has gone up by 10.69% for the week, with a 8.65% rise in the past month and a 151.15% rise in the past quarter. The volatility ratio for the week is 5.62%, and the volatility levels for the past 30 days are 4.41% for CDRO. The simple moving average for the past 20 days is 10.50% for CDRO’s stock, with a 100.75% simple moving average for the past 200 days.

Is It Worth Investing in Codere Online Luxembourg S.A (NASDAQ: CDRO) Right Now?

Company’s 36-month beta value is 0.35.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for CDRO is 14.61M, and currently, short sellers hold a 1.53% ratio of that floaft. The average trading volume of CDRO on April 04, 2024 was 40.05K shares.

CDRO) stock’s latest price update

The stock price of Codere Online Luxembourg S.A (NASDAQ: CDRO) has jumped by 9.12 compared to previous close of 7.02. Despite this, the company has seen a gain of 10.69% in its stock price over the last five trading days. InvestorPlace reported 2024-01-26 that Many investors see penny stocks as a risky bet, and understandably so. Those that typically come to mind are speculative biotech stocks or struggling startups, burning through cash and diluting shares.

Analysts’ Opinion of CDRO

Many brokerage firms have already submitted their reports for CDRO stocks, with Noble Capital Markets repeating the rating for CDRO by listing it as a “Outperform.” The predicted price for CDRO in the upcoming period, according to Noble Capital Markets is $10 based on the research report published on February 22, 2022 of the previous year 2022.

CDRO Trading at 31.71% from the 50-Day Moving Average

After a stumble in the market that brought CDRO to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.00% of gains for the given period.

Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares surge +9.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +111.60% upper at present.

During the last 5 trading sessions, CDRO rose by +10.69%, which changed the moving average for the period of 200-days by +159.66% in comparison to the 20-day moving average, which settled at $6.97. In addition, Codere Online Luxembourg S.A saw 160.54% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CDRO

Current profitability levels for the company are sitting at:

  • -0.23 for the present operating margin
  • 0.94 for the gross margin

The net margin for Codere Online Luxembourg S.A stands at -0.23.

When we switch over and look at the enterprise to sales, we see a ratio of 4.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.

Conclusion

In a nutshell, Codere Online Luxembourg S.A (CDRO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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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