A new trading day began on Friday, with Cadiz Inc (NASDAQ: CDZI) stock price up 15.13% from the previous day of trading, before settling in for the closing price of $3.04. CDZI’s price has ranged from $2.12 to $3.85 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 45.19% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 16.02%. With a float of $42.30 million, this company’s outstanding shares have now reached $66.71 million.
In an organization with 18 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -84.51%, operating margin of -858.56%, and the pretax margin is -1094.6%.
Cadiz Inc (CDZI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Water Industry. The insider ownership of Cadiz Inc is 37.70%, while institutional ownership is 35.24%. The most recent insider transaction that took place on Apr 18 ’24, was worth 56,250. In this transaction CEO of this company bought 25,000 shares at a rate of $2.25, taking the stock ownership to the 966,921 shares. Before that another transaction happened on Jan 04 ’24, when Company’s CEO bought 6,762 for $2.81, making the entire transaction worth $18,999. This insider now owns 91,921 shares in total.
Cadiz Inc (CDZI) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.15 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.02% per share during the next fiscal year.
Cadiz Inc (NASDAQ: CDZI) Trading Performance Indicators
Here are Cadiz Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 101.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.51, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.36 in one year’s time.
Technical Analysis of Cadiz Inc (CDZI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.38 million. That was better than the volume of 0.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 37.01%. Additionally, its Average True Range was 0.18.
During the past 100 days, Cadiz Inc’s (CDZI) raw stochastic average was set at 67.48%, which indicates a significant increase from 67.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.56% in the past 14 days, which was higher than the 61.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.11, while its 200-day Moving Average is $2.93. However, in the short run, Cadiz Inc’s stock first resistance to watch stands at $3.81. Second resistance stands at $4.13. The third major resistance level sits at $4.45. If the price goes on to break the first support level at $3.17, it is likely to go to the next support level at $2.85. The third support level lies at $2.53 if the price breaches the second support level.
Cadiz Inc (NASDAQ: CDZI) Key Stats
With a market capitalization of 273.60 million, the company has a total of 67,896K Shares Outstanding. Currently, annual sales are 1,990 K while annual income is -31,450 K. The company’s previous quarter sales were 510 K while its latest quarter income was -8,870 K.
