Costar Group, Inc. (NASDAQ: CSGP) on Monday, plunged -2.38% from the previous trading day, before settling in for the closing price of $79.25. Within the past 52 weeks, CSGP’s price has moved between $67.35 and $100.38.
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A company in the Real Estate sector has jumped its sales by 15.58% annually for the last half of the decade. The company achieved an average annual earnings per share of -45.97%. With a float of $404.83 million, this company’s outstanding shares have now reached $408.10 million.
In an organization with 6152 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 78.18%, operating margin of 2.43%, and the pretax margin is 11.57%.
Costar Group, Inc. (CSGP) Insider Updates
Observing investor behavior towards Real Estate Services industry stocks is more important than anything else. The insider ownership of Costar Group, Inc. is 1.22%, while institutional ownership is 97.68%. The most recent insider transaction that took place on Jul 30 ’24, was worth 103,562. In this transaction Director of this company sold 1,325 shares at a rate of $78.16, taking the stock ownership to the 16,545 shares. Before that another transaction happened on Jul 30 ’24, when Company’s Director proposed sale 1,325 for $77.74, making the entire transaction worth $103,000.
Costar Group, Inc. (CSGP) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.3 earnings per share (EPS) for the period topping the consensus outlook (set at 0.3) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -45.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.80% during the next five years compared to 7.09% growth over the previous five years of trading.
Costar Group, Inc. (NASDAQ: CSGP) Trading Performance Indicators
Costar Group, Inc. (CSGP) is currently performing well based on its current performance indicators. A quick ratio of 9.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.20. Likewise, its price to free cash flow for the trailing twelve months is 138.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.52, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 1.22 in one year’s time.
Technical Analysis of Costar Group, Inc. (CSGP)
Let’s dig in a bit further. During the last 5-days, its volume was 2.57 million. That was better than the volume of 2.25 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.95%. Additionally, its Average True Range was 1.92.
During the past 100 days, Costar Group, Inc.’s (CSGP) raw stochastic average was set at 60.35%, which indicates a significant decrease from 65.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.83% in the past 14 days, which was lower than the 23.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.30, while its 200-day Moving Average is $81.67. However, in the short run, Costar Group, Inc.’s stock first resistance to watch stands at $78.75. Second resistance stands at $80.15. The third major resistance level sits at $81.02. If the price goes on to break the first support level at $76.48, it is likely to go to the next support level at $75.61. Assuming the price breaks the second support level, the third support level stands at $74.21.
Costar Group, Inc. (NASDAQ: CSGP) Key Stats
Market capitalization of the company is 31.70 billion based on 408,342K outstanding shares. Right now, sales total 2,455 M and income totals 374,700 K. The company made 677,800 K in profit during its latest quarter, and 19,200 K in sales during its previous quarter.
