The stock of Carlyle Group Inc (CG) has gone up by 3.34% for the week, with a -0.73% drop in the past month and a 16.08% rise in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are 2.34% for CG. The simple moving average for the past 20 days is -0.11% for CG’s stock, with a 24.70% simple moving average for the past 200 days.
Is It Worth Investing in Carlyle Group Inc (NASDAQ: CG) Right Now?
CG has 36-month beta value of 1.77. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CG is 199.45M, and currently, short sellers hold a 7.77% ratio of that float. The average trading volume of CG on April 25, 2024 was 2.33M shares.
CG) stock’s latest price update
Carlyle Group Inc (NASDAQ: CG)’s stock price has dropped by -0.45 in relation to previous closing price of 46.33. Nevertheless, the company has seen a gain of 3.34% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that Carlyle (CG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
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 0.71% 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 -4.95% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares sank -0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.79% upper at present.
During the last 5 trading sessions, CG rose by +3.34%, which changed the moving average for the period of 200-days by +44.40% in comparison to the 20-day moving average, which settled at $46.15. In addition, Carlyle Group Inc saw 13.34% 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 8.45. The receivables turnover for the company is 0.41for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To put it simply, Carlyle Group Inc (CG) 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.
