The Week Ahead: Are Investors Really Too Optimistic About Cadiz Inc (NASDAQ: CDZI)

Cadiz Inc (NASDAQ:CDZI) currently has a daily average trading volume of 603.33K but it saw 1084113 shares traded in last market. With a market cap of 361.64M USD, the company’s current market price of $4.81 came falling about -11.66 while comparing to the previous closing price of $5.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.68 and as low as $2.12. In the recent trading on the day, stock has struck highest price mark of $4.75 while lowest mark touched by it was $5.4.

Taking a look at 20-day trading activity of Cadiz Inc (CDZI) gives us an average price of $4.90, while its current price level is -15.32% below from 52-week high level whereas it is 126.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.24 while that of 200 days or SMA-200 reads an average of $3.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.03% during that period while stretching the period over a month that decreases to 8.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.31 which implies that the stock is in neutral territory.

Over the week, CDZI’s stock price is moving -3.02% down while it is 27.59% when we observe its performance for the past one month. Year-to-date it is -7.50% down and over the past year, the stock is showing an upside performance of 86.43%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.08 while estimate for next year EPS is -0.46. In next quarter, company is expected to be making quarterly sales of $4.57M as analysts are expecting the sales for current fiscal year at $13.3M and seeing the company making $16.98M in sales next year. Moreover, analysts are in estimates of $8.44M for current-quarter revenue.

Currently, Cadiz Inc’s total number of outstanding shares is 68.10M with 36.80% of that held by the insiders while 43.12% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -33.36% and return on equity (ROE) at -85.64%. Stock’s beta reads 0.92. Stock has a price to book (P/B) ratio of 15.83 while price to sale or P/S ratio amounts to 65.28. Its return on asset (ROA) is -25.79% on average.