The stock of Codere Online Luxembourg S.A (CDRO) has gone down by -6.53% for the week, with a -13.56% drop in the past month and a -9.66% drop in the past quarter. The volatility ratio for the week is 7.27%, and the volatility levels for the past 30 days are 3.85% for CDRO. The simple moving average for the past 20 days is -9.36% for CDRO’s stock, with a -5.54% simple moving average for the past 200 days.
Is It Worth Investing in Codere Online Luxembourg S.A (NASDAQ: CDRO) Right Now?
Company’s 36-month beta value is 0.43.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CDRO is 14.61M, and currently, short sellers hold a 2.60% ratio of that floaft. The average trading volume of CDRO on November 20, 2024 was 58.76K shares.
CDRO) stock’s latest price update
Codere Online Luxembourg S.A (NASDAQ: CDRO) has experienced a decline in its stock price by -7.52 compared to its previous closing price of 7.58. However, the company has seen a fall of -6.53% in its stock price over the last five trading days. accesswire.com reported 2024-11-19 that NEW YORK CITY, NY / ACCESSWIRE / November 19, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Codere Online Luxembourg, S.A. (“Codere” or the “Company”) (NASDAQ:CDRO).
Analysts’ Opinion of CDRO
Many brokerage firms have already submitted their reports for CDRO stocks, with Craig Hallum repeating the rating for CDRO by listing it as a “Buy.” The predicted price for CDRO in the upcoming period, according to Craig Hallum is $10 based on the research report published on July 11, 2024 of the current year 2024.
Noble Capital Markets, on the other hand, stated in their research note that they expect to see CDRO reach a price target of $10. The rating they have provided for CDRO stocks is “Outperform” according to the report published on February 22nd, 2022.
CDRO Trading at -12.68% from the 50-Day Moving Average
After a stumble in the market that brought CDRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.97% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 7.27%, as shares sank -13.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.27% lower at present.
During the last 5 trading sessions, CDRO fell by -6.53%, which changed the moving average for the period of 200-days by +65.72% in comparison to the 20-day moving average, which settled at $7.73. In addition, Codere Online Luxembourg S.A saw 138.44% 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 CDRO starting from DD3 Sponsor Group LLC, who proposed sale 320,512 shares at the price of $7.39 back on Jun 06 ’24. After this action, DD3 Sponsor Group LLC now owns shares of Codere Online Luxembourg S.A, valued at $2,370,000 using the latest closing price.
Stock Fundamentals for CDRO
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.88 for the gross margin
The net margin for Codere Online Luxembourg S.A stands at -0.0.
When we switch over and look at the enterprise to sales, we see a ratio of 8.03.
Conclusion
In a nutshell, Codere Online Luxembourg S.A (CDRO) has experienced a mixed performance in recent times. The stock has received mixed “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.
