The stock of Carlyle Group Inc (NASDAQ: CG) has decreased by -2.98 when compared to last closing price of 41.50.Despite this, the company has seen a loss of -0.21% in its stock price over the last five trading days. newsfilecorp.com reported 2024-08-19 that Vancouver, British Columbia–(Newsfile Corp. – August 19, 2024) – CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF) (“Carlyle” or the “Company”) is pleased to announce that, further to its news releases dated June 6, 2024, and July 5, 2024, it has closed the second and final tranche of its previously announced non-brokered private placement for gross aggregate proceeds of $249,000 (the “Second Tranche”) through the issuance of 6,225,000 units of the Company (each, a “Unit”) at a price of $0.04 per Unit.
Is It Worth Investing in Carlyle Group Inc (NASDAQ: CG) Right Now?
Moreover, the 36-month beta value for CG is 1.73. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for CG is 206.61M and currently, short sellers hold a 8.19% of that float. On August 20, 2024, CG’s average trading volume was 2.36M shares.
CG’s Market Performance
CG’s stock has seen a -0.21% decrease for the week, with a -13.28% drop in the past month and a -7.16% fall in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 3.69% for Carlyle Group Inc. The simple moving average for the past 20 days is -6.90% for CG’s stock, with a -3.01% 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 -4.53% 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 -20.92% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -13.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.91% lower at present.
During the last 5 trading sessions, CG fell by -0.10%, which changed the moving average for the period of 200-days by +46.26% in comparison to the 20-day moving average, which settled at $42.94. In addition, Carlyle Group Inc saw -1.04% 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 74,134 shares at the price of $41.53 back on Aug 09 ’24. After this action, Carlyle Group Inc. now owns 8,260,183 shares of Carlyle Group Inc, valued at $3,078,980 using the latest closing price.
Carlyle Group Inc., the 10% Owner of Carlyle Group Inc, sale 106,705 shares at $41.07 during a trade that took place back on Aug 08 ’24, which means that Carlyle Group Inc. is holding 8,334,317 shares at $4,382,446 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 7.01. The receivables turnover for the company is 0.49for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To wrap up, the performance of Carlyle Group Inc (CG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
