The stock price of Carbon Revolution Public Ltd. Co. (NASDAQ: CREV) has surged by 40.52 when compared to previous closing price of 6.17, but the company has seen a 43.43% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-25 that GEELONG, Australia, July 25, 2024 (GLOBE NEWSWIRE) — Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1. “It has been a great honor to work with General Motors (GM) again.
Is It Worth Investing in Carbon Revolution Public Ltd. Co. (NASDAQ: CREV) Right Now?
Carbon Revolution Public Ltd. Co. (NASDAQ: CREV) has a higher price-to-earnings ratio of 414.83x compared to its average ratio. CREV has 36-month beta value of 3.10. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CREV is 1.75M, and currently, short sellers hold a 0.11% ratio of that float. The average trading volume of CREV on July 26, 2024 was 16.16K shares.
CREV’s Market Performance
CREV’s stock has seen a 43.43% increase for the week, with a 24.39% rise in the past month and a -38.07% fall in the past quarter. The volatility ratio for the week is 34.80%, and the volatility levels for the past 30 days are at 11.53% for Carbon Revolution Public Ltd. Co. The simple moving average for the last 20 days is 34.77% for CREV stock, with a simple moving average of -49.54% for the last 200 days.
Analysts’ Opinion of CREV
Many brokerage firms have already submitted their reports for CREV stocks, with Craig Hallum repeating the rating for CREV by listing it as a “Buy.” The predicted price for CREV in the upcoming period, according to Craig Hallum is $84 based on the research report published on November 28, 2023 of the previous year 2023.
CREV Trading at 8.50% from the 50-Day Moving Average
After a stumble in the market that brought CREV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.62% of loss for the given period.
Volatility was left at 11.53%, however, over the last 30 days, the volatility rate increased by 34.80%, as shares surge +23.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.06% lower at present.
During the last 5 trading sessions, CREV rose by +47.56%, in comparison to the 20-day moving average, which settled at $6.52. In addition, Carbon Revolution Public Ltd. Co. saw -62.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CREV
Equity return is now at value 0.30, with 0.28 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
To put it simply, Carbon Revolution Public Ltd. Co. (CREV) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
