Colony Credit Real Estate Inc. (NYSE:CLNC) shares fell to a low of $10.42 before closing at $10.44. Intraday shares traded counted 0.33 million, which was 10.82% higher than its 30-day average trading volume of 367.22K. CLNC’s previous close was $10.51 while the outstanding shares total 129.78M. The firm has a beta of 1.79. The stock’s Relative Strength Index (RSI) is 72.66, with weekly volatility at 3.79% and ATR at 0.33. The CLNC stock’s 52-week price range has touched low of $4.37 and a $10.64 high. The stock traded lower over the last trading session, losing -0.67% on 06/10/21.
Investors have identified the REIT – Diversified company Colony Credit Real Estate 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 $1.34 billion, 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.
Colony Credit Real Estate Inc. (CLNC) Fundamentals that are to be considered.
CLNC were able to record 100000.0 as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by -51.69 million. In cash movements, the company had a total of 1.66 million as operating cash flow.
Potential earnings growth for Colony Credit Real Estate Inc. (CLNC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Colony Credit Real Estate Inc. recorded a total of 50.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -79.56% coming in sequential stages and their sales for the 08/12/2021 quarter reducing by -24.36%.
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 160.82 million trying to sell their products during the last quarter, with the result yielding a gross income of -110.82 million. This allows shareholders to hold on to 129.78M with the recently reported earning now reading -0.71 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.11 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.88 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 CLNC sounds very interesting.
Is the stock of CLNC attractive?
In related news, GENERAL COUNSEL AND SECRETARY, Palame David A bought 10,000 shares of the company’s stock in a transaction that recorded on Sep 23. The purchase was performed at an average price of 4.70, for a total value of 47,000. As the purchase deal closes, the GENERAL COUNSEL AND SECRETARY, Palame David A now bought 10,000 shares of the company’s stock, valued at 50,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.
1 out of 3 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Colony Credit Real Estate Inc.. 0 analysts has assigned a Sell rating on the CLNC stock. The 12-month mean consensus price target for the company’s shares has been set at $11.00.