Costar Group, Inc (CSGP) average volume reaches $2.64M: Is Wall Street expecting a rally?

On Friday, Costar Group, Inc (NASDAQ: CSGP) was 3.65% up from the session before settling in for the closing price of $77.00. A 52-week range for CSGP has been $68.26 – $100.38.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Real Estate Sector giant saw their annual sales surged by 15.58% over the last five years. When this article was written, the company’s average yearly earnings per share was at -43.55%. With a float of $405.01 million, this company’s outstanding shares have now reached $408.10 million.

The firm has a total of 6152 workers. Let’s measure their productivity. In terms of profitability, gross margin is 78.1%, operating margin of 0.95%, and the pretax margin is 9.67%.

Costar Group, Inc (CSGP) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Costar Group, Inc stocks. The insider ownership of Costar Group, Inc is 1.21%, while institutional ownership is 98.09%. The most recent insider transaction that took place on Oct 25 ’24, was worth 5,350,269. In this transaction Director of this company sold 71,633 shares at a rate of $74.69, taking the stock ownership to the 1,913,501 shares. Before that another transaction happened on Oct 25 ’24, when Company’s President and CEO bought 14,731 for $74.67, making the entire transaction worth $1,099,966. This insider now owns 1,263,098 shares in total.

Costar Group, Inc (CSGP) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.33 earnings per share (EPS) during the time that was better than consensus figure (set at 0.32) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -43.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.70% 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

You can see what Costar Group, Inc (CSGP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 9.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.72. Likewise, its price to free cash flow for the trailing twelve months is 127.99.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.43, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.13 in one year’s time.

Technical Analysis of Costar Group, Inc (CSGP)

Analysing the last 5-days average volume posted by the [Costar Group, Inc, CSGP], we can find that recorded value of 3.16 million was better than the volume posted last year of 2.4 million. As of the previous 9 days, the stock’s Stochastic %D was 84.70%. Additionally, its Average True Range was 2.39.

During the past 100 days, Costar Group, Inc’s (CSGP) raw stochastic average was set at 86.39%, which indicates a significant decrease from 91.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.21% in the past 14 days, which was higher than the 28.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $75.49, while its 200-day Moving Average is $80.64. Now, the first resistance to watch is $81.31. This is followed by the second major resistance level at $82.82. The third major resistance level sits at $85.02. If the price goes on to break the first support level at $77.60, it is likely to go to the next support level at $75.40. Should the price break the second support level, the third support level stands at $73.89.

Costar Group, Inc (NASDAQ: CSGP) Key Stats

There are 409,960K outstanding shares of the company, which has a market capitalization of 33.91 billion. As of now, sales total 2,455 M while income totals 374,700 K. Its latest quarter income was 692,600 K while its last quarter net income were 53,000 K.