Should You Buy CatchMark Timber Trust Inc. (NYSE:CTT) Right Now? Here’s How to Decide

CatchMark Timber Trust Inc. (NYSE:CTT) previous close was $8.42 while the outstanding shares total 48.99M. The firm has a beta of 1.25. CTT’s shares traded higher over the last trading session, gaining 3.80% on 06/29/20. The shares fell to a low of $8.42 before closing at $8.74. Intraday shares traded counted 0.13 million, which was 44.61% higher than its 30-day average trading volume of 242.20K. The stock’s Relative Strength Index (RSI) is 56.28, with weekly volatility at 4.72% and ATR at 0.41. The CTT stock’s 52-week price range has touched low of $5.13 and a $12.54 high.

Investors have identified the REIT – Specialty company CatchMark Timber Trust Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $419.96 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

CatchMark Timber Trust Inc. (CTT) Fundamentals that are to be considered.

CTT were able to record 8.55 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -1.07 million. In cash movements, the company had a total of 11.26 million as operating cash flow.

Potential earnings growth for CatchMark Timber Trust Inc. (CTT)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, CatchMark Timber Trust Inc. recorded a total of 26.97 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 16.31% coming in sequential stages and their sales for the third quarter reducing by -7.87%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 28.5 million trying to sell their products during the last quarter, with the result yielding a gross income of -1.53 million. This allows shareholders to hold on to 48.99M with the revenue now reading -0.09 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.07 cents a share).

Having a look at the company’s valuation, the company is expected to record -2.05 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CTT sounds very interesting.

Is the stock of CTT attractive?

In related news, CEO and President, Davis Brian M bought 700 shares of the company’s stock in a transaction that recorded on Jun 11. The purchase was performed at an average price of 7.99, for a total value of 5,595. As the purchase deal closes, the SVP, CFO & Treasurer, Godoy-Arbelaez Ursula now bought 1,000 shares of the company’s stock, valued at 7,825. Also, CEO and President, Davis Brian M bought 1,000 shares of the company’s stock in a deal that was recorded on May 11. The shares were cost at an average price of 7.31 per share, with a total market value of 7,310. Following this completion of disposal, the CEO and President, Davis Brian M now holds 1,000 shares of the company’s stock, valued at 7,620. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.

3 out of 6 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on CatchMark Timber Trust Inc.. 0 analysts has assigned a Sell rating on the CTT stock. The 12-month mean consensus price target for the company’s shares has been set at $9.33.