Cadre Holdings Inc (NYSE:CDRE) does about 264.88K shares in volume on a normal day but saw 359254 shares change hands in the recent trading day. The company now has a market cap of 1.55B USD. Its current market price is $38.19, marking an increase of 6.00% compared to the previous close of $36.03. The 52 week high reached by this stock is $40.28 whilst the lowest price level in 52 weeks is $29.18.
Cadre Holdings Inc (CDRE) has a 20-day trading average at $33.32 and the current price is -5.19% off the 52-week high compared with 30.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $33.93 and its 200-day simple moving average is $34.64. If we look at the stock’s price movements over the week, volatility stands at 4.48%, which decreases to 3.66% 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 73.02 to suggest the stock is overbought.
The consensus objective for the share price is $43.40, suggesting that the stock has a potential upside of 12.0% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 21, 2024 when ROTH MKM reiterated the stock to “Buy” and issued a price target of between $32 and $38. BofA Securities initiated its price target at $30.
The current price level is 14.61%, 12.55%, and 10.25% away from its SMA20, SMA50, and SMA200 respectively, with the CDRE price moving above the 50-day SMA on current market day. Cadre Holdings Inc (CDRE) stock is up 19.16% over the week and 4.98% over the past month. Its price is 18.24% year-to-date and 17.15% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.51 and 1.27 for whole year. Expected sales for next quarter are $148.77M, which analysts say will come at $563.19M for the current fiscal year and next year at $617.83M. In addition, estimates put the company’s current quarterly revenue at an average of $170.95M.
To reach the target analysts have set, the stock logically needs to grow 12.0 percent from here.
Outstanding shares total 40.61M with insiders holding 36.35% of the shares and institutional holders owning 64.24% of the company’s common stock. The company has a return on investment of 6.46% and return on equity of 13.36%. The price to earnings ratio (P/E ratio) amounts to 46.11 while the forward price to earnings ratio is 28.39. The beta has a value of 1.24. Price to book ratio is 5.16 and price to sales ratio is 3.00.
