Compass Diversified Holdings (NYSE:CODI) price on Wednesday, May 21, fall -7.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.25.
A look at the stock’s price movement, the close in the last trading session was $7.83. Turning to its 52-week performance, $24.59 and $6.05 were the 52-week high and 52-week low respectively. Overall, CODI moved -56.17% over the past month.
Compass Diversified Holdings’s market cap currently stands at around $545.46 million, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 13.79%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CODI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CODI’s current price about -41.39% and -54.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 21.37, while 7-day volatility ratio is 5.13% and 6.75% in the 30-day chart. Further, Compass Diversified Holdings (CODI) has a beta value of 1.04, and an average true range (ATR) of 0.93. Analysts have given the company’s stock an average 52-week price target of $26, forecast between a low of $26 and high of $26. Looking at the price targets, the low is -258.62% off current price level while to achieve the yearly target high, price needs to move -258.62%. Nonetheless, investors will most likely welcome a -258.62% jump to $26 which is the analysts’ median price.
If we refocus on Compass Diversified Holdings (NYSE:CODI), historical trading data shows that trading volumes averaged 823.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 75.24 million shares.
The 11.74% of Compass Diversified Holdings’s shares are in the hands of company insiders while institutional holders own 60.79% of the company’s shares. Current price change has pushed the stock -68.59% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CODI stock continues to rise going into the next quarter.
