Creative Media & Community Trust (NASDAQ: CMCT) has seen a decline in its stock price by -11.07 in relation to its previous close of 0.26. However, the company has experienced a -20.55% decline in its stock price over the last five trading sessions. 247wallst.com reported 2024-10-22 that 24/7 Wall Street Insights NASDAQ was founded in 1971 as an automated quote stock exchange alternative to the New York Stock Exchange, and now has more listings than the NYSE.
Is It Worth Investing in Creative Media & Community Trust (NASDAQ: CMCT) Right Now?
Moreover, the 36-month beta value for CMCT is 0.52. Analysts have varying opinions on the stock, 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 71.76M and currently, short sellers hold a 0.15% of that float. On November 21, 2024, CMCT’s average trading volume was 506.96K shares.
CMCT’s Market Performance
CMCT’s stock has seen a -20.55% decrease for the week, with a -55.44% drop in the past month and a -88.41% fall in the past quarter. The volatility ratio for the week is 14.95%, and the volatility levels for the past 30 days are at 14.75% for Creative Media & Community Trust The simple moving average for the last 20 days is -38.85% for CMCT stock, with a simple moving average of -90.34% for the last 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 -69.05% 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 -94.84% of loss for the given period.
Volatility was left at 14.75%, however, over the last 30 days, the volatility rate increased by 14.95%, as shares sank -54.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -87.80% lower at present.
During the last 5 trading sessions, CMCT fell by -20.55%, which changed the moving average for the period of 200-days by -93.45% in comparison to the 20-day moving average, which settled at $0.3717. In addition, Creative Media & Community Trust saw -93.72% 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:
- 0.23 for the present operating margin
- 0.3 for the gross margin
The net margin for Creative Media & Community Trust stands at -0.37. The total capital return value is set at 0.03. Equity return is now at value -6.53, with -2.64 for asset returns.
Currently, EBITDA for the company is 37.54 million with net debt to EBITDA at -1.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.01. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To wrap up, the performance of Creative Media & Community Trust (CMCT) has been bad in recent times. The stock has received a mixed 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.
