The stock price of Creative Media & Community Trust (NASDAQ: CMCT) has dropped by -12.52 compared to previous close of 0.72. Despite this, the company has seen a fall of -68.83% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-29 that U.S. equity markets gained for a third-straight week while short-term interest rates declined to two-year lows as “Goldilocks” economic data provided a backdrop of support for dovish Fed policy. Following combined gains of 5% over the prior two weeks, the S&P 500 gained another 0.6% this week, notching another series of all-time highs. Real estate equities – the most “Fed sensitive” market segment – underperformed for a second week following a significant two-month rally heading into the Fed’s rate cut announcement.
Is It Worth Investing in Creative Media & Community Trust (NASDAQ: CMCT) Right Now?
The stock has a 36-month beta value of 0.59. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CMCT is 11.04M, and at present, short sellers hold a 0.52% of that float. On September 30, 2024, the average trading volume of CMCT was 96.40K shares.
CMCT’s Market Performance
CMCT’s stock has seen a -68.83% decrease for the week, with a -67.72% drop in the past month and a -76.13% fall in the past quarter. The volatility ratio for the week is 42.31%, and the volatility levels for the past 30 days are at 12.98% for Creative Media & Community Trust The simple moving average for the past 20 days is -64.38% for CMCT’s stock, with a -78.70% simple moving average for the past 200 days.
Analysts’ Opinion of CMCT
Many brokerage firms have already submitted their reports for CMCT stocks, with B. Riley Securities repeating the rating for CMCT by listing it as a “Neutral.” The predicted price for CMCT in the upcoming period, according to B. Riley Securities is $4 based on the research report published on April 11, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CMCT reach a price target of $13. The rating they have provided for CMCT stocks is “Buy” according to the report published on October 20th, 2021.
CMCT Trading at -68.06% from the 50-Day Moving Average
After a stumble in the market that brought CMCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.07% of loss for the given period.
Volatility was left at 12.98%, however, over the last 30 days, the volatility rate increased by 42.31%, as shares sank -67.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -70.95% lower at present.
During the last 5 trading sessions, CMCT fell by -68.83%, which changed the moving average for the period of 200-days by -82.36% in comparison to the 20-day moving average, which settled at $1.7022. In addition, Creative Media & Community Trust saw -82.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CMCT
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.3 for the gross margin
The net margin for Creative Media & Community Trust stands at -0.22. The total capital return value is set at 0.04. Equity return is now at value -7.79, with -3.17 for asset returns.
Based on Creative Media & Community Trust (CMCT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.37. The interest coverage ratio of the stock is 1.05.
Currently, EBITDA for the company is 36.68 million with net debt to EBITDA at 8.87. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 6.35for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To sum up, Creative Media & Community Trust (CMCT) 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.
