Carlyle Group Inc (NASDAQ: CG)’s stock price has plunge by 2.57relation to previous closing price of 40.05. Nevertheless, the company has seen a 9.43% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-16 that NEW YORK, Sept. 16, 2024 /PRNewswire/ — Global investment firm Carlyle (NASDAQ: CG) today announced a strategic investment into North Bridge ESG LLC (“North Bridge”), a leading provider of real estate finance solutions, and a commitment to provide up to $1 billion to facilitate the origination of commercial property assessed clean energy (C-PACE) loans by North Bridge.
Is It Worth Investing in Carlyle Group Inc (NASDAQ: CG) Right Now?
The stock has a 36-month beta value of 1.72. Opinions on the stock are mixed, 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 205.22M, and at present, short sellers hold a 7.80% of that float. On September 17, 2024, the average trading volume of CG was 2.36M shares.
CG’s Market Performance
CG’s stock has seen a 9.43% increase for the week, with a -2.26% drop in the past month and a 5.20% gain in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are at 2.58% for Carlyle Group Inc The simple moving average for the last 20 days is 4.34% for CG stock, with a simple moving average of -2.82% for the last 200 days.
Analysts’ Opinion of CG
Many brokerage firms have already submitted their reports for CG stocks, with Wells Fargo repeating the rating for CG by listing it as a “Equal Weight.” The predicted price for CG in the upcoming period, according to Wells Fargo is $42 based on the research report published on September 12, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see CG reach a price target of $55. The rating they have provided for CG stocks is “Buy” according to the report published on August 27th, 2024.
JP Morgan gave a rating of “Neutral” to CG, setting the target price at $44 in the report published on August 06th of the current year.
CG Trading at -1.87% 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 -19.32% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -0.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.96% upper at present.
During the last 5 trading sessions, CG rose by +9.43%, which changed the moving average for the period of 200-days by +19.31% in comparison to the 20-day moving average, which settled at $39.37. In addition, Carlyle Group Inc saw 0.96% 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 CF UNITS LLC, who proposed sale 111,928 shares at the price of $40.25 back on Aug 23 ’24. After this action, CF UNITS LLC now owns shares of Carlyle Group Inc, valued at $4,505,102 using the latest closing price.
CHRISTOPHER FINN, the Former Officer of Carlyle Group Inc, proposed sale 488,072 shares at $40.25 during a trade that took place back on Aug 23 ’24, which means that CHRISTOPHER FINN is holding shares at $19,644,898 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 -0.74.
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 7.1. The receivables turnover for the company is 0.49for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To sum up, Carlyle Group Inc (CG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
