Carlyle Group Inc (NASDAQ: CG)’s stock price has gone rise by 1.11 in comparison to its previous close of 39.56, however, the company has experienced a -2.22% decrease in its stock price over the last five trading days. zacks.com reported 2024-08-07 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Carlyle Group (CG) have what it takes?
Is It Worth Investing in Carlyle Group Inc (NASDAQ: CG) Right Now?
The 36-month beta value for CG is also noteworthy at 1.78. 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.”
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The public float for CG is 206.74M, and at present, short sellers hold a 8.18% of that float. The average trading volume of CG on August 12, 2024 was 2.33M shares.
CG’s Market Performance
CG stock saw a decrease of -2.22% in the past week, with a monthly decline of -7.47% and a quarterly a decrease of -5.88%. The volatility ratio for the week is 4.84%, and the volatility levels for the last 30 days are 3.85% for Carlyle Group Inc (CG). The simple moving average for the past 20 days is -10.58% for CG’s stock, with a -2.73% simple moving average for the past 200 days.
Analysts’ Opinion of CG
Many brokerage firms have already submitted their reports for CG stocks, with JP Morgan repeating the rating for CG by listing it as a “Neutral.” The predicted price for CG in the upcoming period, according to JP Morgan is $44 based on the research report published on August 06, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CG reach a price target of $41, previously predicting the price at $40. The rating they have provided for CG stocks is “Neutral” according to the report published on January 19th, 2024.
TD Cowen gave a rating of “Market Perform” to CG, setting the target price at $42 in the report published on January 04th of the current year.
CG Trading at -5.61% 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 -21.45% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 4.84%, as shares sank -9.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.14% lower at present.
During the last 5 trading sessions, CG fell by -2.24%, which changed the moving average for the period of 200-days by +41.53% in comparison to the 20-day moving average, which settled at $44.53. In addition, Carlyle Group Inc saw -1.70% 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 106,705 shares at the price of $41.07 back on Aug 08 ’24. After this action, Carlyle Group Inc. now owns 8,334,317 shares of Carlyle Group Inc, valued at $4,382,446 using the latest closing price.
Carlyle Group Inc., the 10% Owner of Carlyle Group Inc, sale 78,180 shares at $39.94 during a trade that took place back on Aug 07 ’24, which means that Carlyle Group Inc. is holding 8,441,022 shares at $3,122,840 based on the most recent closing price.
Stock Fundamentals for CG
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.31 for the gross margin
The net margin for Carlyle Group Inc stands at -0.12. The total capital return value is set at -0.02. Equity return is now at value -7.22, with -1.82 for asset returns.
Based on Carlyle Group Inc (CG), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.0. The interest coverage ratio of the stock is -0.79.
Currently, EBITDA for the company is -282.7 million with net debt to EBITDA at -31.56. When we switch over and look at the enterprise to sales, we see a ratio of 6.97. The receivables turnover for the company is 0.49for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In summary, Carlyle Group Inc (CG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
