Let’s look at the key reasons that are pushing Cadiz Inc (CDZI) to new highs

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A new trading day began on Tuesday, with Cadiz Inc (NASDAQ: CDZI) stock price up 26.07% from the previous day of trading, before settling in for the closing price of $3.49. CDZI’s price has ranged from $2.12 to $3.85 over the past 52 weeks.

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Utilities Sector giant saw their annual sales surged by 45.19% over the last five years. Meanwhile, its annual earnings per share averaged 16.38%. With a float of $44.55 million, this company’s outstanding shares have now reached $66.71 million.

The firm has a total of 18 workers. Let’s measure their productivity. In terms of profitability, gross margin is -14.31%, operating margin of -398.21%, and the pretax margin is -527.95%.

Cadiz Inc (CDZI) Breakdown of a Key Holders of the stock

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 40.75%, while institutional ownership is 35.66%. The most recent insider transaction that took place on Nov 05 ’24, was worth 6,913,800. In this transaction 10% Owner of this company bought 2,070,000 shares at a rate of $3.34, taking the stock ownership to the 22,783,965 shares. Before that another transaction happened on Apr 18 ’24, when Company’s CEO bought 25,000 for $2.25, making the entire transaction worth $56,250. This insider now owns 966,921 shares in total.

Cadiz Inc (CDZI) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 16.38% 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 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 59.71.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.51, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.33 in one year’s time.

Technical Analysis of Cadiz Inc (CDZI)

Analysing the last 5-days average volume posted by the [Cadiz Inc, CDZI], we can find that recorded value of 1.03 million was better than the volume posted last year of 0.23 million. As of the previous 9 days, the stock’s Stochastic %D was 67.77%. Additionally, its Average True Range was 0.28.

During the past 100 days, Cadiz Inc’s (CDZI) raw stochastic average was set at 83.56%, which indicates a significant increase from 80.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.39% in the past 14 days, which was higher than the 74.05% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.20, while its 200-day Moving Average is $3.00. Now, the first resistance to watch is $4.91. This is followed by the second major resistance level at $5.43. The third major resistance level sits at $6.13. If the price goes on to break the first support level at $3.69, it is likely to go to the next support level at $2.99. Now, if the price goes above the second support level, the third support stands at $2.47.

Cadiz Inc (NASDAQ: CDZI) Key Stats

With a market capitalization of 330.81 million, the company has a total of 75,184K Shares Outstanding. Currently, annual sales are 1,990 K while annual income is -31,450 K. The company’s previous quarter sales were 3,220 K while its latest quarter income was -6,790 K.