The 36-month beta value for CG is also noteworthy at 1.75. 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 208.69M, and at present, short sellers hold a 8.41% of that float. The average trading volume of CG on July 24, 2024 was 2.13M shares.
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CG) stock’s latest price update
Carlyle Group Inc (NASDAQ: CG) has experienced a rise in its stock price by 0.11 compared to its previous closing price of 46.43. However, the company has seen a fall of -0.06% in its stock price over the last five trading days. reuters.com reported 2024-07-23 that Medline Industries is considering an initial public offering which could fetch a valuation of $50 billion for the medical supplies company, Bloomberg News reported on Tuesday.
CG’s Market Performance
Carlyle Group Inc (CG) has seen a -0.06% fall in stock performance for the week, with a 15.91% gain in the past month and a 2.83% surge in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are at 2.34% for CG. The simple moving average for the past 20 days is 10.22% for CG’s stock, with a 15.98% 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 10.50% 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 -4.20% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares surge +14.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.70% upper at present.
During the last 5 trading sessions, CG fell by -0.06%, which changed the moving average for the period of 200-days by +55.14% in comparison to the 20-day moving average, which settled at $42.47. In addition, Carlyle Group Inc saw 14.23% 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 CG starting from Carlyle Group Inc., who sale 65,636 shares at the price of $34.12 back on Jul 19 ’24. After this action, Carlyle Group Inc. now owns 10,562,558 shares of Carlyle Group Inc, valued at $2,239,738 using the latest closing price.
Carlyle Group Inc., the 10% Owner of Carlyle Group Inc, sale 101,870 shares at $34.13 during a trade that took place back on Jul 18 ’24, which means that Carlyle Group Inc. is holding 10,628,194 shares at $3,476,615 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 9.12. The receivables turnover for the company is 3.22for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In summary, Carlyle Group Inc (CG) has had a better performance as of late. Analysts have mixed 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.
