CoreCard Corporation (NYSE: CCRD)’s stock price has soared by 23.73 in relation to previous closing price of 10.62. Nevertheless, the company has seen a gain of 23.26% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that CoreCard (CCRD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Is It Worth Investing in CoreCard Corporation (NYSE: CCRD) Right Now?
CoreCard Corporation (NYSE: CCRD) has a higher price-to-earnings ratio of 32.87x compared to its average ratio. CCRD has 36-month beta value of 0.39. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CCRD is 6.09M, and currently, short sellers hold a 10.19% ratio of that float. The average trading volume of CCRD on April 17, 2024 was 38.97K shares.
CCRD’s Market Performance
CCRD stock saw an increase of 23.26% in the past week, with a monthly gain of 16.28% and a quarterly increase of 7.97%. The volatility ratio for the week is 10.28%, and the volatility levels for the last 30 days are 7.37% for CoreCard Corporation (CCRD). The simple moving average for the past 20 days is 21.11% for CCRD’s stock, with a -21.64% simple moving average for the past 200 days.
Analysts’ Opinion of CCRD
Many brokerage firms have already submitted their reports for CCRD stocks, with B. Riley Securities repeating the rating for CCRD by listing it as a “Buy.” The predicted price for CCRD in the upcoming period, according to B. Riley Securities is $30 based on the research report published on May 17, 2023 of the previous year 2023.
BTIG Research, on the other hand, stated in their research note that they expect to see CCRD reach a price target of $50, previously predicting the price at $58. The rating they have provided for CCRD stocks is “Buy” according to the report published on January 26th, 2022.
CCRD Trading at 14.38% from the 50-Day Moving Average
After a stumble in the market that brought CCRD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.18% of loss for the given period.
Volatility was left at 7.37%, however, over the last 30 days, the volatility rate increased by 10.28%, as shares surge +22.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.68% upper at present.
During the last 5 trading sessions, CCRD rose by +23.26%, which changed the moving average for the period of 200-days by -48.81% in comparison to the 20-day moving average, which settled at $10.97. In addition, CoreCard Corporation saw -4.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCRD starting from STRANGE J LELAND, who purchase 7,022 shares at the price of $10.80 back on Feb 16 ’24. After this action, STRANGE J LELAND now owns 1,318,162 shares of CoreCard Corporation, valued at $75,838 using the latest closing price.
White Matthew A, the CFO and Corporate Secretary of CoreCard Corporation, purchase 4,000 shares at $10.57 during a trade that took place back on Feb 16 ’24, which means that White Matthew A is holding 12,125 shares at $42,280 based on the most recent closing price.
Stock Fundamentals for CCRD
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.35 for the gross margin
The net margin for CoreCard Corporation stands at 0.06. The total capital return value is set at 0.1. Equity return is now at value 6.44, with 5.34 for asset returns.
Based on CoreCard Corporation (CCRD), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 15.0. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 35.17.
Currently, EBITDA for the company is 11.7 million with net debt to EBITDA at -2.43. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 7.43for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.66.
Conclusion
To put it simply, CoreCard Corporation (CCRD) has had a mixed 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’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.
