Carver Bancorp Inc. (NASDAQ:CARV) Relative Strength Index (RSI) is 43.71, with weekly volatility at 9.88% and ATR at 0.54. The CARV stock’s 52-week price range has touched low of $1.63 and a $22.97 high. Intraday shares traded counted 0.58 million, which was -113.39% lower than its 30-day average trading volume of 270.75K. Its shares traded higher over the last trading session, gaining 1.27% on 05/26/21. The shares fell to a low of $7.91 before closing at $8.00. CARV’s previous close was $7.90 while the outstanding shares total 2.98M. The firm has a beta of 1.10.
Investors have identified the Banks – Regional company Carver Bancorp 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 $24.80 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.
Carver Bancorp Inc. (CARV) Fundamentals that are to be considered.
CARV were able to record -4.64 million as free cash flow during the 08/25/2021 quarter of the year, this saw their quarterly net cash flow reduce by 32.01 million. In cash movements, the company had a total of -4.46 million as operating cash flow.
Potential earnings growth for Carver Bancorp Inc. (CARV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/25/2021 quarter of the year, Carver Bancorp Inc. recorded a total of 5.24 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -4.83% coming in sequential stages and their sales for the 08/25/2021 quarter increasing by 3.19%.
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 1.1 million trying to sell their products during the last quarter, with the result yielding a gross income of 4.14 million. This allows shareholders to hold on to 2.98M with the recently reported earning now reading -0.44 cents per share. This is a figure that compared to analyst’s prediction for their 08/25/2021.
Is the stock of CARV attractive?
In related news, Director, MacKay Craig C bought 100 shares of the company’s stock in a transaction that recorded on Feb 24. The purchase was performed at an average price of 9.90, for a total value of 990. As the purchase deal closes, the Chairperson of the Board, Jones Lewis P. III now sold 200 shares of the company’s stock, valued at 1,434. Also, Chairperson of the Board, Jones Lewis P. III sold 300 shares of the company’s stock in a deal that was recorded on Nov 30. The shares were cost at an average price of 7.19 per share, with a total market value of 2,157. Following this completion of disposal, the SVP and GC, Torres Isaac now holds 1,100 shares of the company’s stock, valued at 7,051. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.