The stock of Carlyle Group Inc (NASDAQ: CG) has decreased by -0.46 when compared to last closing price of 45.27. Despite this, the company has experienced a -5.83% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Carlyle Group (CG) have what it takes?
Is It Worth Investing in Carlyle Group Inc (NASDAQ: CG) Right Now?
The stock has a 36-month beta value of 1.77. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CG is 201.04M, and at present, short sellers hold a 7.70% of that float. On April 17, 2024, the average trading volume of CG was 2.34M shares.
CG’s Market Performance
CG stock saw an increase of -5.83% in the past week, with a monthly gain of 1.08% and a quarterly increase of 17.19%. The volatility ratio for the week is 2.83%, and the volatility levels for the last 30 days are 2.09% for Carlyle Group Inc (CG). The simple moving average for the past 20 days is -3.23% for CG’s stock, with a 23.14% simple moving average for the past 200 days.
Analysts’ Opinion of CG
Many brokerage firms have already submitted their reports for CG stocks, with Citigroup repeating the rating for CG by listing it as a “Neutral.” The predicted price for CG in the upcoming period, according to Citigroup is $41 based on the research report published on January 19, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see CG reach a price target of $42. The rating they have provided for CG stocks is “Market Perform” according to the report published on January 04th, 2024.
Evercore ISI gave a rating of “In-line” to CG, setting the target price at $32 in the report published on November 29th of the previous year.
CG Trading at -1.07% from the 50-Day Moving Average
After a stumble in the market that brought CG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.13% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.04% upper at present.
During the last 5 trading sessions, CG fell by -5.83%, which changed the moving average for the period of 200-days by +42.15% in comparison to the 20-day moving average, which settled at $46.57. In addition, Carlyle Group Inc saw 10.74% 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 CG starting from Carlyle Group Inc., who purchase 190,000 shares at the price of $12.95 back on Feb 08 ’24. After this action, Carlyle Group Inc. now owns 1,066,189 shares of Carlyle Group Inc, valued at $2,460,500 using the latest closing price.
SCHWARTZ HARVEY M, the Chief Executive Officer of Carlyle Group Inc, sale 295,358 shares at $41.74 during a trade that took place back on Dec 15 ’23, which means that SCHWARTZ HARVEY M is holding 6,768,046 shares at $12,328,036 based on the most recent closing price.
Stock Fundamentals for CG
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- -0.07 for the gross margin
The net margin for Carlyle Group Inc stands at -0.21. The total capital return value is set at -0.04. Equity return is now at value -10.66, with -2.86 for asset returns.
Based on Carlyle Group Inc (CG), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.7. The interest coverage ratio of the stock is -1.89.
Currently, EBITDA for the company is -282.7 million with net debt to EBITDA at -8.01. When we switch over and look at the enterprise to sales, we see a ratio of 8.36. The receivables turnover for the company is 0.41for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To sum up, Carlyle Group Inc (CG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
