As of Thursday close, The Carlyle Group Inc.’s (NASDAQ:CG) stock was down -$1.5, moving down -4.69 percent to $30.47. The average number of shares traded per day over the past five days has been 2,555,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.21 fall in that time frame. In the last twenty days, the average volume was 2,314,190, while in the previous 50 days, it was 2,360,590.
Since last month, CG stock rose 4.60%. Shares of the company fell to $29.11 on 08/22/23, the lowest level in the past month. A 52-week high of $38.32 was reached on 02/02/23 after having rallying from a 52-week low of $24.59. Since the beginning of this year, CG’s stock price has risen by 2.11% or $0.63, and marked a new high 15 times. However, the stock has declined by -20.49% since its 52-week high.
CG stock investors should be aware that The Carlyle Group Inc. (CG) stock had its last reported insider trading activity 10 days ago on Sep 12. CG Subsidiary Holdings L.L.C., the 10% Owner of the company, purchased of 1,269,537 shares for $8.52 on Sep 12. It resulted in a $10,816,455 investment by the insider. CG Subsidiary Holdings L.L.C. added 3,012,049 shares at an average price of $8.30 on Aug 28. The insider now owns 3,012,049 shares following the transaction. On Aug 28, 10% Owner CG Subsidiary Holdings L.L.C. bought 504,042 shares at $8.30 apiece. The transaction was valued at $4,183,549.
Valuation Metrics
Right now, The Carlyle Group Inc. (CG) has a P/E ratio of about 27.30. The stock’s beta is 1.70. Besides these, the trailing price-to-sales (P/S) ratio of 3.41, the price-to-book (PB) ratio of 1.85.
The latest dividend of $0.35 per share was paid out, remained unchanged from last year’s $0.35. On Tuesday April 25 2023, a $0.0250 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.46, and the total debt-to-equity ratio was 1.47. On the profitability front, the trailing twelve-month gross margin is 88.90% percent. In the year ended June 29, operating margins totaled 19.90%. Based on annual data, CG earned $1.61 billion in gross profit and brought in $4.44 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.20%. Return on equity (ROE) for the past 12 months was 6.70%.
In The Carlyle Group Inc.’s quarter-end financial report for June 29, it reported total debt of $2.27 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CG’s revenue fell -127.01% to $859.0 million during the quarter, while net income inched up to $462.1 million. While analysts expected The Carlyle Group Inc. to report $0.67 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by 31.30%. During the quarter, the company generated $91.3 million in EBITDA. The value of shareholders’ equity is $359.95 million.
Technical Picture
This quick technical analysis looks at The Carlyle Group Inc.’s (CG) price momentum. With a historical volatility rate of 34.34%, the RSI 9-day stood at 33.36% on 21 September.
With respect to its five-day moving average, the current The Carlyle Group Inc. price is down by -6.76% percent or -$2.21. At present, CG shares trade +1.67% above its 20-day simple moving average and +0.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.86% below its SMA50 and -3.45% below its SMA200.
Stochastic coefficient K was 20.44% and Stochastic coefficient D was 46.29%, while ATR was 0.91. Given the Stochastic reading of 8.80% for the 14-day period, the RSI (14) reading has been calculated as 39.34%. As of today, the MACD Oscillator reading stands at -0.75, while the 14-day reading stands at -0.76.
Analyst Ratings
Citigroup launched its rating on The Carlyle Group Inc. (NASDAQ: CG) to a Buy in a note to investors on May 19, 2023. The Carlyle Group Inc. (CG) has been rated Overweight by analysts. According to 0 brokerage firms, CG is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate The Carlyle Group Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $36.50, the current consensus forecast for the stock is $31.00 – $58.00. Based on these forecasts, analysts predict The Carlyle Group Inc. (CG) will achieve an average price target of $39.13.
