In the past week, CGBD stock has gone up by 0.78%, with a monthly gain of 3.12% and a quarterly surge of 9.10%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 1.57% for Carlyle Secured Lending, Inc. The simple moving average for the last 20 days is 2.53% for CGBD stock, with a simple moving average of 11.87% for the last 200 days.
Is It Worth Investing in Carlyle Secured Lending, Inc. (NASDAQ: CGBD) Right Now?
The price-to-earnings ratio for Carlyle Secured Lending, Inc. (NASDAQ: CGBD) is above average at 10.62x. The 36-month beta value for CGBD is also noteworthy at 1.61. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CGBD is 50.44M, and at present, short sellers hold a 0.76% of that float. The average trading volume of CGBD on April 26, 2024 was 217.03K shares.
CGBD) stock’s latest price update
Carlyle Secured Lending, Inc. (NASDAQ: CGBD)’s stock price has plunge by -1.35relation to previous closing price of 17.08. Nevertheless, the company has seen a 0.78% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Does Carlyle Secured Lending, Inc. (CGBD) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Analysts’ Opinion of CGBD
Many brokerage firms have already submitted their reports for CGBD stocks, with B. Riley Securities repeating the rating for CGBD by listing it as a “Neutral.” The predicted price for CGBD in the upcoming period, according to B. Riley Securities is $16 based on the research report published on July 28, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see CGBD reach a price target of $14.50. The rating they have provided for CGBD stocks is “Neutral” according to the report published on September 06th, 2022.
Oppenheimer gave a rating of “Perform” to CGBD, setting the target price at $15 in the report published on December 16th of the previous year.
CGBD Trading at 4.61% from the 50-Day Moving Average
After a stumble in the market that brought CGBD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.86% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +3.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.85% upper at present.
During the last 5 trading sessions, CGBD rose by +0.78%, which changed the moving average for the period of 200-days by +13.24% in comparison to the 20-day moving average, which settled at $16.46. In addition, Carlyle Secured Lending, Inc. saw 13.19% 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 CGBD starting from Popov Alexander, who purchase 5,000 shares at the price of $14.78 back on Aug 30 ’23. After this action, Popov Alexander now owns 32,977 shares of Carlyle Secured Lending, Inc., valued at $73,900 using the latest closing price.
LeeKong Aren C., the CEO and President of Carlyle Secured Lending, Inc., purchase 3,394 shares at $14.74 during a trade that took place back on Jun 09 ’23, which means that LeeKong Aren C. is holding 25,156 shares at $50,028 based on the most recent closing price.
Stock Fundamentals for CGBD
Current profitability levels for the company are sitting at:
- 0.86 for the present operating margin
- 0.65 for the gross margin
The net margin for Carlyle Secured Lending, Inc. stands at 0.61. The total capital return value is set at 0.07. Equity return is now at value 10.30, with 4.50 for asset returns.
Based on Carlyle Secured Lending, Inc. (CGBD), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 1.84.
Currently, EBITDA for the company is 169.96 million with net debt to EBITDA at 7.07. When we switch over and look at the enterprise to sales, we see a ratio of 11.7. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In summary, Carlyle Secured Lending, Inc. (CGBD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
