The stock of Chatham Lodging Trust (NYSE: CLDT) has increased by 0.47 when compared to last closing price of 8.53.Despite this, the company has seen a gain of 5.15% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-16 that U.S. equity markets posted a mixed performance this week, while benchmark interest rates dipped to two-month lows after a critical slate of inflation data showed an encouraging cooldown in price pressures. As expected, the Fed held rates steady at two-decade highs of 5.50%, but the committee’s “dot plots” showed that the FOMC is now penciling in just one rate-cut in 2024. Posting a series of record highs throughout the week, the S&P 500 advanced another 1.6% to extend its year-to-date total returns to over 15%, but the gains were notably top-heavy.
Is It Worth Investing in Chatham Lodging Trust (NYSE: CLDT) Right Now?
Additionally, the 36-month beta value for CLDT is 1.80. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CLDT is 47.63M and currently, short sellers hold a 2.58% ratio of that float. The average trading volume of CLDT on July 04, 2024 was 577.43K shares.
CLDT’s Market Performance
CLDT stock saw a decrease of 5.15% in the past week, with a monthly decline of -1.72% and a quarterly a decrease of -13.78%. The volatility ratio for the week is 3.06%, and the volatility levels for the last 30 days are 3.11% for Chatham Lodging Trust (CLDT). The simple moving average for the past 20 days is 1.90% for CLDT’s stock, with a -12.29% simple moving average for the past 200 days.
Analysts’ Opinion of CLDT
Oppenheimer, on the other hand, stated in their research note that they expect to see CLDT reach a price target of $19. The rating they have provided for CLDT stocks is “Outperform” according to the report published on April 22nd, 2022.
Barclays gave a rating of “Overweight” to CLDT, setting the target price at $16 in the report published on September 01st of the previous year.
CLDT Trading at -2.01% from the 50-Day Moving Average
After a stumble in the market that brought CLDT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.29% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.06%, as shares sank -3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.35% lower at present.
During the last 5 trading sessions, CLDT rose by +3.07%, which changed the moving average for the period of 200-days by -15.66% in comparison to the 20-day moving average, which settled at $8.39. In addition, Chatham Lodging Trust saw -20.06% 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 CLDT starting from CRAVEN DENNIS M, who purchase 12,000 shares at the price of $7.88 back on Jun 10 ’24. After this action, CRAVEN DENNIS M now owns 110,943 shares of Chatham Lodging Trust, valued at $94,560 using the latest closing price.
Stock Fundamentals for CLDT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.33 for the gross margin
The net margin for Chatham Lodging Trust stands at 0.0. The total capital return value is set at 0.02. Equity return is now at value 0.28, with 0.16 for asset returns.
Based on Chatham Lodging Trust (CLDT), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 91.44 million with net debt to EBITDA at 4.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.64. The receivables turnover for the company is 83.23for trailing twelve months and the total asset turnover is 0.23.
Conclusion
In conclusion, Chatham Lodging Trust (CLDT) 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.
