The stock of Carlyle Group Inc (NASDAQ: CG) has increased by 1.83 when compared to last closing price of 51.34. Despite this, the company has experienced a 8.31% gain in its stock price over the last five trading sessions. reuters.com reported 2024-10-17 that Litmus Music, a music venture backed by buyout firm Carlyle Group, has acquired the rights to singer-songwriter Randy Newman’s song catalog, which includes his work for Disney’s “Toy Story” films, the companies said on Thursday.
Is It Worth Investing in Carlyle Group Inc (NASDAQ: CG) Right Now?
Company’s 36-month beta value is 1.72.Analysts have differing 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 205.22M, and currently, short sellers hold a 8.30% ratio of that floaft. The average trading volume of CG on October 21, 2024 was 2.54M shares.
CG’s Market Performance
CG stock saw an increase of 8.31% in the past week, with a monthly gain of 17.46% and a quarterly increase of 12.60%. The volatility ratio for the week is 2.50%, and the volatility levels for the last 30 days are 2.52% for Carlyle Group Inc (CG). The simple moving average for the last 20 days is 13.38% for CG stock, with a simple moving average of 21.21% 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 22.99% 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 able to rebound, for now settling with 1.71% of gains for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +19.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.27% upper at present.
During the last 5 trading sessions, CG rose by +8.31%, which changed the moving average for the period of 200-days by +33.81% in comparison to the 20-day moving average, which settled at $46.11. In addition, Carlyle Group Inc saw 28.48% 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 Carlyle Group Inc., who sale 275,000 shares at the price of $2.20 back on Oct 16 ’24. After this action, Carlyle Group Inc. now owns 2,405,461 shares of Carlyle Group Inc, valued at $603,790 using the latest closing price.
Carlyle Group Inc., the 10% Owner of Carlyle Group Inc, sale 225,000 shares at $2.12 during a trade that took place back on Oct 15 ’24, which means that Carlyle Group Inc. is holding 2,680,461 shares at $475,920 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 8.32. The receivables turnover for the company is 0.49for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In a nutshell, Carlyle Group Inc (CG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
