The stock of C3is Inc (NASDAQ: CISS) has decreased by -2.98 when compared to last closing price of 1.31.Despite this, the company has seen a loss of -19.05% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-28 that C3is Inc. (NASDAQ:CISS ) Q1 2024 Earnings Conference Call May 28, 2024 11:00 AM ET Company Participants Diamantis Andriotis – CEO Nina Pyndiah – CFO Conference Call Participants Diamantis Andriotis Good morning, everyone, and welcome to our C3is First Quarter Earnings Conference Call and Webcast. This is Diamantis Andriotis, CEO of the company.
Is It Worth Investing in C3is Inc (NASDAQ: CISS) Right Now?
C3is Inc (NASDAQ: CISS) has a price-to-earnings ratio of 0.01x that is above its average ratio. Additionally, the 36-month beta value for CISS is 2.86.
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The public float for CISS is 4.48M and currently, short sellers hold a 32.20% ratio of that float. The average trading volume of CISS on June 20, 2024 was 1.98M shares.
CISS’s Market Performance
CISS stock saw a decrease of -19.05% in the past week, with a monthly decline of -15.83% and a quarterly a decrease of -57.49%. The volatility ratio for the week is 7.72%, and the volatility levels for the last 30 days are 10.22% for C3is Inc (CISS). The simple moving average for the past 20 days is -20.19% for CISS’s stock, with a -94.84% simple moving average for the past 200 days.
CISS Trading at -20.66% from the 50-Day Moving Average
After a stumble in the market that brought CISS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.83% of loss for the given period.
Volatility was left at 10.22%, however, over the last 30 days, the volatility rate increased by 7.72%, as shares sank -20.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.88% lower at present.
During the last 5 trading sessions, CISS fell by -19.43%, which changed the moving average for the period of 200-days by -97.23% in comparison to the 20-day moving average, which settled at $1.5757. In addition, C3is Inc saw -97.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CISS
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.46 for the gross margin
The net margin for C3is Inc stands at 0.32. The total capital return value is set at 0.2. Equity return is now at value 23.46, with 16.05 for asset returns.
Currently, EBITDA for the company is 14.53 million with net debt to EBITDA at -1.42. When we switch over and look at the enterprise to sales, we see a ratio of -0.54. The receivables turnover for the company is 9.06for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In conclusion, C3is Inc (CISS) 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.
