Charles & Colvard Ltd (NASDAQ: CTHR) stock jumped 11.75% on Friday to $0.41 against a previous-day closing price of $0.37. With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.22 million shares. During the session, the Luxury Goods company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.4523 whereas the lowest price it dropped to was $0.3700. The 52-week range on CTHR shows that it touched its highest point at $1.26 and its lowest point at $0.28 during that stretch. It currently has a 1-year price target of $1.10. Beta for the stock currently stands at 0.90.
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 CTHR was up-trending over the past week, with a rise of 36.71%, but this was up by 10.22% over a month. Three-month performance dropped to -52.46% while six-month performance fell -57.25%. The stock lost -57.72% in the past year, while it has lost -50.15% so far this year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -40.15%.
Float and Shares Shorts:
At present, 30.52 million CTHR shares are outstanding with a float of 23.20 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.11 million, which was 0.35% higher than short shares on Sep 28, 2023. In addition to Mr. Don O’Connell as the firm’s President, CEO & Director, Mr. Clint J. Pete serves as its CFO & Treasurer.
Through their ownership of 21.75% of CTHR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.53% of CTHR, in contrast to 39.19% held by mutual funds. Shares owned by individuals account for 14.13%. As the largest shareholder in CTHR with 6.07% of the stake, Punch & Associates Investment Man holds 1,853,931 shares worth 1,853,931. A second-largest stockholder of CTHR, Renaissance Technologies LLC, holds 1,254,014 shares, controlling over 4.11% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CTHR, holding 1,086,201 shares or 3.56% stake. With a 2.00% stake in CTHR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 610,246 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.46% of CTHR stock, is the second-largest Mutual Fund holder. It holds 444,108 shares valued at 0.16 million. London Life Growth Equity Fund holds 0.86% of the stake in CTHR, owning 262,000 shares worth 91700.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CTHR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CTHR analysts setting a high price target of $1.10 and a low target of $1.10, the average target price over the next 12 months is $1.10. Based on these targets, CTHR could surge 168.29% to reach the target high and rise by 168.29% to reach the target low. Reaching the average price target will result in a growth of 168.29% from current levels.
Summary of Insider Activity:
Insiders traded CTHR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 10,000 while 0 shares were sold.