The Carlyle Group Inc. [NASDAQ:CG] is flashing a current price of $24.89. On Thursday, the company’s daily low is at $24.78 as the high is reaching $25.30.
The price per sales of 5.40. The company is also booking -0.87 earnings per share.
CG’s next earning date is 10/28/2020. The company has price per sales of 5.40. The company is also booking -0.87 earnings per share.
The Bears are coming
Holding a Market Cap of $8.72 billion, The Carlyle Group Inc. has seen a trading range over the last year of $15.21-$34.98.
For the last five days, CG is down from its last closing price. The average shares trading hands each day is 1.70M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CG. When we apply the Elder Force Index to The Carlyle Group Inc., we are seeing an Elder Force Indicator number of -938007.98.
Recent Performance
The recent performance of the stock is another area that can tell traders how to proceed. CG is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 11.97.
In the last quarter, CG made a profit of 206.5 million. The Carlyle Group Inc. also saw quarter revenue growth year over year of 32.43%.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 25.44 compared to the 50-day moving average of 2.41%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. CG currently holds a 9-day RSI of 35.06%, while 100-day RSI stands at 48.31%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. CG’s 9-day MACD is 0.07 and the company’s 100-day MACD stands at -1.75.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 105.81% by insiders and 17.65% by institutions. Regarding institutional holdings, BAMCO Inc. owns 2.68%, while the second top holder, Colony Group Llc, currently owns 0.04%.
Over the last six months, insiders have sold 24,510 with the most recent transaction from Bentley Pamela L, Chief Accounting Officer, with a sell at price 25.51 per share.
Conclusion
Overall, the recommended rating for CG is Moderate Buy. Currently, the company has 15 analysts watching the stock, and the average quarterly earnings estimate is 0.35. Quarterly revenue estimates are averaging 486.19M with the high estimate reaching 518M and the low at 443M.
To review, the current 1-year target estimate is sitting at 30.93, while the current price 24.89. Based on this, we expect the stock to rise considering the aforementioned fundamentals.
