The Carlyle Group Inc. (NASDAQ:CG) saw a downside of -0.43% to close Tuesday at $34.44 after subtracting -$0.15 on the day. The 5-day average trading volume is 2,829,420 shares of the company’s common stock. It has gained $34.93 in the past week and touched a new high 3 times within the past 5 days. An average of 2,684,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,975,136.
CG’s 1-month performance is 15.80% or $4.58 on its low of $28.81 reached on 12/28/22. The company’s shares have touched a 52-week low of $24.59 and high of $54.06, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, CG has achieved 15.42% or $4.60 and has reached a new high 10 times. However, the current price is down -36.29% from the 52-week high price.
CG stock investors last saw insider trading activity on Aug 17.Carlyle Group Inc. (10% Owner) most recently sold 9,925 shares at $20.25 per share on Aug 17. This transaction cost the insider $201,026. Former 10% owner, Carlyle Group Inc., sold 167,755 shares at a price of $50.85 on Aug 15. Then, on Aug 12, 10% Owner Carlyle Group Inc. sold 94,989 shares at a price of $49.79 per share. This transaction amounted to $4,729,603.
CG stock has a beta of 1.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.13 while the price-to-book (PB) in the most recent quarter is 2.04.
As well, the company’s long term debt to equity for the quarter ending September 29 was 1.26, while the total debt to equity was 1.27.. In terms of profitability, the gross margin trailing 12 months is 70.90%. The firm’s gross profit as reported stood at $4.03 billion against revenue of $8.78 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -89.74% to $280.8 million, while revenue of $245.4 million was 12.61% off the previous quarter. Analysts expected CG to announce $1.06 per share in earnings in its latest quarter, but it posted $1.42, representing a 34.00% surprise. EBITDA for the quarter stood at more than $512.7 million. Shareholders hold equity totaling $363.61 million.
Let’s look briefly at The Carlyle Group Inc. (CG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 72.53% to suggest the stock is trending Overbought, with historical volatility in this time period at 21.44%.
The stock’s 5-day moving average is $33.86, reflecting a +2.68% or $0.90 change from its current price. CG is currently trading +16.71% above its 20-day SMA, +5.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +32.26% and SMA200 by-23.38%.
Stochastic %K and %D was 93.43% and 88.15% and the average true range (ATR) pointed at 0.93. The RSI (14) points at 68.51%, while the 14-day stochastic is at 90.29% with the period’s ATR at 0.96. The stock’s 9-day MACD Oscillator is pointing at 0.65 and 1.45 on the 14-day charts.
In the most recent analyst report for The Carlyle Group Inc. (NASDAQ: CG), Keefe Bruyette downgraded it to a Mkt perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CG as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is CG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $59.00, with their median price target at $41.00. Looking at these predictions, the average price target given by analysts is for The Carlyle Group Inc. (CG) stock is $42.27.