The stock has a 36-month beta value of -0.18.
The public float for CGBS is 1.36M, and at present, short sellers hold a 11.69% of that float. On September 18, 2024, the average trading volume of CGBS was 1.49M shares.
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CGBS) stock’s latest price update
Crown LNG Holdings Ltd. (NASDAQ: CGBS)’s stock price has dropped by -10.08 in relation to previous closing price of 0.30. Nevertheless, the company has seen a loss of -25.19% in its stock price over the last five trading days. globenewswire.com reported 2024-09-17 that LONDON, Sept. 17, 2024 (GLOBE NEWSWIRE) — Crown LNG Holdings Limited (“Crown” or “Crown LNG”), a leading provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, today announced that on September 3, 2024, the Company received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) regarding a failure to meet Nasdaq’s minimum bid price requirements. The Notification Letter advised that for the last 30 consecutive business the minimum closing bid price per share for the Company’s common stock was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
CGBS’s Market Performance
Crown LNG Holdings Ltd. (CGBS) has seen a -25.19% fall in stock performance for the week, with a -43.97% decline in the past month and a -97.63% plunge in the past quarter. The volatility ratio for the week is 7.60%, and the volatility levels for the past 30 days are at 7.06% for CGBS. The simple moving average for the past 20 days is -29.17% for CGBS’s stock, with a -96.84% simple moving average for the past 200 days.
CGBS Trading at -72.64% from the 50-Day Moving Average
After a stumble in the market that brought CGBS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.89% of loss for the given period.
Volatility was left at 7.06%, however, over the last 30 days, the volatility rate increased by 7.60%, as shares sank -42.97% for the moving average over the last 20 days.
During the last 5 trading sessions, CGBS fell by -25.22%, in comparison to the 20-day moving average, which settled at $0.3676. In addition, Crown LNG Holdings Ltd. saw -97.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CGBS
The total capital return value is set at -1.08. Equity return is now at value -110.65, with -37.82 for asset returns.
Based on Crown LNG Holdings Ltd. (CGBS), the company’s capital structure generated 0.57 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 1.33. The interest coverage ratio of the stock is -9.74.
Currently, EBITDA for the company is -6.74 million with net debt to EBITDA at -0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
To sum up, Crown LNG Holdings Ltd. (CGBS) has seen a bad 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.
