Cool Company Ltd (CLCO) Shares Down Despite Recent Market Volatility

Cool Company Ltd (NYSE: CLCO)’s stock price has gone decline by -16.31 in comparison to its previous close of 10.64, however, the company has experienced a -16.23% decrease in its stock price over the last five trading days. businesswire.com reported 2024-11-21 that LONDON–(BUSINESS WIRE)–Cool Company Ltd (NYSE: CLCO / CLCO.OL) – Note to shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway (the “VPS”): Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, please note the information on the payment date to the shares registered in the VPS below. As of May 28, 2024, the standard settlement cycle for transactions executed in securities traded on the New York Stoc.

Is It Worth Investing in Cool Company Ltd (NYSE: CLCO) Right Now?

The price-to-earnings ratio for Cool Company Ltd (NYSE: CLCO) is 3.87x, which is above its average ratio. Moreover, the 36-month beta value for CLCO is 0.60. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for CLCO is 22.17M and currently, short sellers hold a 1.63% of that float. On November 21, 2024, CLCO’s average trading volume was 264.39K shares.

CLCO’s Market Performance

CLCO stock saw a decrease of -16.23% in the past week, with a monthly decline of -16.31% and a quarterly a decrease of -23.23%. The volatility ratio for the week is 2.36%, and the volatility levels for the last 30 days are 2.52% for Cool Company Ltd (CLCO). The simple moving average for the last 20 days is -14.06% for CLCO’s stock, with a simple moving average of -21.63% for the last 200 days.

CLCO Trading at -18.38% from the 50-Day Moving Average

After a stumble in the market that brought CLCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.24% of loss for the given period.

Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -14.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.09% lower at present.

During the last 5 trading sessions, CLCO fell by -15.24%, which changed the moving average for the period of 200-days by -15.24% in comparison to the 20-day moving average, which settled at $10.37. In addition, Cool Company Ltd saw -29.99% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for CLCO

Current profitability levels for the company are sitting at:

  • 0.55 for the present operating margin
  • 0.59 for the gross margin

The net margin for Cool Company Ltd stands at 0.36. The total capital return value is set at 0.11. Equity return is now at value 16.76, with 5.85 for asset returns.

Based on Cool Company Ltd (CLCO), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is 2.4.

Currently, EBITDA for the company is 259.89 million with net debt to EBITDA at 3.72. When we switch over and look at the enterprise to sales, we see a ratio of 4.05. The receivables turnover for the company is 179.57for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.34.

Conclusion

To wrap up, the performance of Cool Company Ltd (CLCO) has been bad in recent times. The stock has received a bullish of “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.

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