CBL & Associates Properties Inc. (NYSE:CBL) does about 19.97M shares in volume on a normal day but saw 12686691 shares change hands in Friday trading. The company now has a market cap of 39.50M USD and an enterprise value of about $3.54B. Its current market price is $0.19, marking a decrease of -5.70% compared to the previous close of $0.20. The 52 week high reached by this stock is $1.78 whilst the lowest price level in 52 weeks is $0.14. The script in recent trading has seen the stock touch a high of $0.2151 and a low of $0.1902.
CBL & Associates Properties Inc. (CBL) has a 20-day trading average at $0.2062 and the current price is -89.21% off the 52-week high compared with 37.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2434 and its 200-day simple moving average is $0.5691. If we look at the stock’s price movements over the week, volatility stands at 22.46%, which decreases to 16.62% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.98 to suggest the stock is neutral.
5 analysts observing the CBL & Associates Properties Inc. (CBL) stock have set the 12-month price targets for the company’s shares at between $0.15 and $0.25. The median price target is 5.0% away from the current levels at $0.20.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 4 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Sell and Wall Street’s advice is for investors to Moderate Sell the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 31, 2019 when BTIG Research upgraded the stock to “Neutral” and issued a price target of. JP Morgan downgraded the stock to “Underweight” from Neutral on December 19, 2018 at a price target of.
The current price level is -7.03%, -21.88%, and -66.70% away from its SMA20, SMA50, and SMA200 respectively, with the CBL price moving above the 50-day SMA on August 21. CBL & Associates Properties Inc. (CBL) stock is down -9.09% over the week and 2.35% over the past month. Its price is -81.71% year-to-date and -76.53% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.36 below consensus estimates by -$0.09. The company’s next earnings report is expected on 10/28/2020, with forecasts estimating quarterly EPS at -$0.19 and -$1.34 for whole year. CBL’s earnings per share are forecast to shrink by -81.10% this year and 59.00% over next year. Expected sales for next quarter are $152.98 million, which analysts say will come at $631.77 million for the current fiscal year and next year at $578.39 million. In addition, estimates put the company’s current quarterly revenue at an average of $152.31 million.
Its 12-month price target is $0.20. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.15, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.25.
Outstanding shares total 191.96M with insiders holding 17.71% of the shares and institutional holders owning 64.22% of the company’s common stock. The company has a return on investment of -0.40% and return on equity of -39.00%. The beta has a value of 2.61. Price to book ratio is 0.06 and price to sales ratio is 0.06.
According to a U.S. Securities and Exchange Commission filing, Schwab Fundamental US Small Compa has reduced its position in CBL & Associates Properties Inc. (CBL) to 7,985,162 shares, mirroring a recent drop by -0.06%. Schwab Fundamental US Small Compa dumped 4621.0 shares of CBL & Associates Properties Inc. common stock bringing its total worth to about $1.46 million at the end of recent close, SEC documents show. Schwab Fundamental US Small Compa isn’t the only investment manager who changed stakes and is followed by Contrarius ICAV – Global Equity F, which added 1.11 million shares to end up with 7,963,809 shares worth $1.46 million. Vanguard Total Stock Market Index cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 2.33% position in CBL & Associates Properties Inc. thanks to 4.48 million shares amounting to $0.82 million.