Compass Diversified Holdings (NYSE:CODI) shares, rose in value, with the stock price up by 4.73% to the previous day’s close as strong demand from buyers drove the stock to $6.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $6.55. Referring to stock’s 52-week performance, its high was $24.59, and the low was $6.05. On the whole, CODI has fluctuated by -60.48% over the past month.
With the market capitalization of Compass Diversified Holdings currently standing at about $516.12 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 14.58%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CODI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CODI currently trading nearly -56.97% and -61.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 14.86, while the 7-day volatility ratio is showing 11.07% which for the 30-day chart, stands at 5.38%. Furthermore, Compass Diversified Holdings (CODI)’s beta value is 1.28, and its average true range (ATR) is 1.27.
A comparison of Compass Diversified Holdings (CODI) with its peers suggests the former has fared considerably weaker in the market. CODI showed an intraday change of 4.73% in today’s session so far, and over the past year, it shrunk by -69.00%%.
Data on historical trading for Compass Diversified Holdings (NYSE:CODI) indicates that the trading volumes over the past 3 months, they’ve averaged 554.22K. According to company’s latest data on outstanding shares, there are 75.24 million shares outstanding.
Nearly 11.74% of Compass Diversified Holdings’s shares belong to company insiders and institutional investors own 61.40% of the company’s shares. The stock has fallen by -70.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CODI stock heading into the next quarter.
