With 0.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. The 52-week range on CGEM shows that it touched its highest point at $30.19 and its lowest point at $9.06 during that stretch. It currently has a 1-year price target of $33.56. Beta for the stock currently stands at -0.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CGEM was down-trending over the past week, with a drop of -3.87%, but this was down by -8.09% over a month. Three-month performance dropped to -38.37% while six-month performance fell -43.57%. The stock lost -48.83% in the past year, while it has lost -22.58% so far this year. A look at the trailing 12-month EPS for CGEM yields -2.88 with Next year EPS estimates of -3.03. For the next quarter, that number is -0.75. This implies an EPS growth rate of 18.99% for this year and -1.22% for next year. EPS is expected to grow by 7.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -62.42%.
Float and Shares Shorts:
At present, 58.14 million CGEM shares are outstanding with a float of 34.52 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CGEM since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.90291 being high and -$3.27655 being low. For CGEM, this leads to a yearly average estimate of -$2.98913. Based on analyst estimates, the high estimate for the next quarter is -$0.72 and the low estimate is -$1.01. The average estimate for the next quarter is thus -$0.82.
