The Carlyle Group Inc. (NASDAQ:CG) finished Thursday with a subtraction of -$0.41 to close at $31.67, a downside of -1.28 percent. An average of 2,287,656 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,519,409 shares traded, while the 50-day average volume stands at 2,417,484.
CG stock has decreased by -7.91% in the last month. The company shares reached their 1-month lowest point of $31.24 on 08/03/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $24.59 and a high of $38.32 in 52 weeks. It has reached a new high 15 times so far this year and achieved 6.13% or $1.83 in price. In spite of this, the price is down -17.35% from the 52-week high.
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Insider Transactions
CG stock investors should be aware that The Carlyle Group Inc. (CG) stock had its last reported insider trading activity 9 days ago on Aug 02. In this transaction, the insider spent $875,888. Chief Financial Officer, Buser Curtis L., disposed of 25,828 shares at a price of $32.36 on Aug 02. The insider now owns more than $835,794 worth of shares. Prior to that, Chief Human Resources Officer Larson Bruce M. went on to Sale 13,413 shares at $32.36 each on Aug 02. An amount of $434,045 was transacted.
Valuation Metrics
The Carlyle Group Inc. (CG) has a trailing price-to-earnings (P/E) ratio of 28.38. The stock’s beta is 1.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.60, the price-to-book (PB) ratio at 1.92.
Financial Health
Further, the company has a long term debt to equity ratio of 1.46 and a total debt to equity ratio of 1.47 for the quarter ending June 29. Its gross profit as reported stood at $1.61 billion compared to revenue of $4.44 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Carlyle Group Inc.’s return on assets was 1.90%.
Earnings Surprise
For the three-month period that ended June 29, The Carlyle Group Inc. had $2.27 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$98.4 million in the quarter, while revenues were grew 349.39%. The analyst consensus anticipated The Carlyle Group Inc.’s latest quarter earnings to come in at $0.67 per share, but it turned out to be $0.88, a 31.30% surprise. For the quarter, EBITDA amounted to $91.3 million. At the end of the quarter ending June 29, The Carlyle Group Inc.’s stock balance sheet showed total debt was $9.28 billion. Shareholders own equity worth $359.95 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Carlyle Group Inc. (CG) price momentum. RSI 9-day as of the close on 10 August was 36.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.66%.
As of today, CG’s price is $32.12 -1.64% or -$0.53 from its 5-day moving average. CG is currently trading -7.04% lower than its 20-day SMA and +4.56% higher than its 100-day SMA. However, the stock’s current price level is +15.55% above the SMA50 and +19.56% above the SMA200.
The stochastic %K and %D were 12.70% and 16.58%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 8.87% and the average true range at 0.96, the RSI (14) stands at 42.14%. The stock has reached -0.68 on the 9-day MACD Oscillator while the 14-day reading was at -1.56.
Analyst Ratings
Citigroup launched coverage on The Carlyle Group Inc. (NASDAQ: CG) in its analyst report released on May 19, 2023. The firm assigned the stock a Buy rating. The consensus rating for The Carlyle Group Inc. (CG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CG, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 others rate it as a “buy”.
What is CG’s price target for the next 12 months?
Analysts predict a range of price targets between $31.00 and $58.00, with a median target of $36.50. Taking a look at these predictions, the average price target given by analysts for The Carlyle Group Inc. (CG) stock is $39.06.
