Additionally, the 36-month beta value for CG is 1.74. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for CG is 208.81M and currently, short sellers hold a 8.59% ratio of that float. The average trading volume of CG on June 18, 2024 was 2.07M shares.
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CG) stock’s latest price update
Carlyle Group Inc (NASDAQ: CG)’s stock price has increased by 0.84 compared to its previous closing price of 39.27. However, the company has seen a -0.80% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-18 that MCLEAN, Va., June 18, 2024 (GLOBE NEWSWIRE) — Acentra Health, a technology solutions and clinical services company dedicated to helping government healthcare agencies accelerate better health outcomes, today announced that Heather Adamson has joined the company as Senior Vice President of Marketing. In this role, Adamson will oversee the development and implementation of the company’s marketing strategy, creating data-driven frameworks to support the company’s brand, content, digital, and product marketing programs. She reports to Acentra Health’s Chief Growth Officer.
CG’s Market Performance
Carlyle Group Inc (CG) has experienced a -0.80% fall in stock performance for the past week, with a -8.01% drop in the past month, and a -12.39% drop in the past quarter. The volatility ratio for the week is 2.59%, and the volatility levels for the past 30 days are at 2.55% for CG. The simple moving average for the past 20 days is -5.69% for CG’s stock, with a 1.84% 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 -8.58% 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 -18.38% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.59%, as shares sank -8.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.31% lower at present.
During the last 5 trading sessions, CG fell by -0.48%, which changed the moving average for the period of 200-days by +22.81% in comparison to the 20-day moving average, which settled at $41.81. In addition, Carlyle Group Inc saw -2.68% 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 CG starting from Carlyle Group Inc., who sale 144,234 shares at the price of $37.67 back on Jun 13 ’24. After this action, Carlyle Group Inc. now owns 12,251,686 shares of Carlyle Group Inc, valued at $5,433,190 using the latest closing price.
Carlyle Group Inc., the 10% Owner of Carlyle Group Inc, sale 64,263 shares at $40.23 during a trade that took place back on Jun 12 ’24, which means that Carlyle Group Inc. is holding 12,395,920 shares at $2,585,270 based on the most recent closing price.
Stock Fundamentals for CG
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.09 for the gross margin
The net margin for Carlyle Group Inc stands at -0.24. The total capital return value is set at -0.05. Equity return is now at value -11.44, with -3.06 for asset returns.
Based on Carlyle Group Inc (CG), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.59. The interest coverage ratio of the stock is -1.86.
Currently, EBITDA for the company is -282.7 million with net debt to EBITDA at -9.62. When we switch over and look at the enterprise to sales, we see a ratio of 8.2. The receivables turnover for the company is 3.22for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Carlyle Group Inc (CG) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
