Cadre Holdings Inc (NYSE: CDRE) has experienced a decline in its stock price by -11.62 compared to its previous closing price of 34.35. However, the company has seen a fall of -9.96% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Cadre Holdings, Inc. (CDRE) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.19 per share a year ago.
Is It Worth Investing in Cadre Holdings Inc (NYSE: CDRE) Right Now?
Cadre Holdings Inc (NYSE: CDRE) has a price-to-earnings ratio that is above its average at 29.97x. The stock has a 36-month beta value of 1.34. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CDRE is 25.49M, and at present, short sellers hold a 4.13% of that float. On May 09, 2024, the average trading volume of CDRE was 288.53K shares.
CDRE’s Market Performance
CDRE’s stock has seen a -9.96% decrease for the week, with a -10.44% drop in the past month and a -12.58% fall in the past quarter. The volatility ratio for the week is 3.71%, and the volatility levels for the past 30 days are at 2.86% for Cadre Holdings Inc. The simple moving average for the past 20 days is -9.62% for CDRE’s stock, with a -1.72% simple moving average for the past 200 days.
Analysts’ Opinion of CDRE
Many brokerage firms have already submitted their reports for CDRE stocks, with ROTH MKM repeating the rating for CDRE by listing it as a “Buy.” The predicted price for CDRE in the upcoming period, according to ROTH MKM is $38 based on the research report published on February 21, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to CDRE, setting the target price at $30 in the report published on September 06th of the previous year.
CDRE Trading at -13.63% from the 50-Day Moving Average
After a stumble in the market that brought CDRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.73% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares sank -10.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.96% lower at present.
During the last 5 trading sessions, CDRE fell by -9.96%, which changed the moving average for the period of 200-days by +32.58% in comparison to the 20-day moving average, which settled at $33.42. In addition, Cadre Holdings Inc saw -7.69% 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 CDRE starting from KANDERS WARREN B, who sale 1,438,127 shares at the price of $35.00 back on Mar 19 ’24. After this action, KANDERS WARREN B now owns 12,184,918 shares of Cadre Holdings Inc, valued at $50,334,445 using the latest closing price.
Browers Blaine, the PRESIDENT of Cadre Holdings Inc, sale 7,564 shares at $32.05 during a trade that took place back on Dec 12 ’23, which means that Browers Blaine is holding 70,069 shares at $242,431 based on the most recent closing price.
Stock Fundamentals for CDRE
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.41 for the gross margin
The net margin for Cadre Holdings Inc stands at 0.08. The total capital return value is set at 0.12. Equity return is now at value 17.52, with 7.80 for asset returns.
Based on Cadre Holdings Inc (CDRE), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 22.98.
Currently, EBITDA for the company is 74.45 million with net debt to EBITDA at 1.9. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 7.47for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
Conclusion
To sum up, Cadre Holdings Inc (CDRE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
