Consumer Portfolio Services Inc. [NASDAQ:CPSS]’s prices rallied on Wednesday.
Other data for the company is as follows:
- Stochastic %K of 47.5
- Weighted Alpha of 28.3
Day traders should note that the company’s next earning date is 10/14/2020. The company has price per sales of 0.24 and price per cash flow of 0.34.
The Price is right
Holding a Market Cap of $78.62 million, Consumer Portfolio Services Inc. has seen a trading range over the last year of $1.00-$4.30.
For the last five days, CPSS is up from its last closing price. The average shares trading hands each day is 17.77K, with average 10-day volume coming in at 9560.0.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CPSS. When we apply the Elder Force Index to Consumer Portfolio Services Inc., we are seeing an Elder Force Indicator number of 5655463.38.
The recent performance of the stock is another area that can tell traders how to proceed. CPSS is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 4.95.
In the last quarter, CPSS made a profit of 33.06 million. Consumer Portfolio Services Inc. also saw quarter revenue growth year over year of -11.28%. In addition, the company has operating cash flow of $233.72 million.
Looking at popular technical indicators, the company’s 5-day moving average is 3.62 compared to the 50-day moving average of 3.3091. 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. CPSS currently holds a 9-day RSI of 83.44%, while 100-day RSI stands at 58.37%.
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. CPSS’s 9-day MACD is 0.33 and the company’s 100-day MACD stands at 0.69.
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 21.36% by insiders and 49.87% by institutions. Regarding institutional holdings, Black Diamond Capital Management, LLC owns 16.36%, while the second top holder, Citigroup Inc., currently owns 8.89%.
Over the last six months, insiders have sold 40,000 with the most recent transaction from Washer Greg, Director, with a sell at price 3.42 per share.
Overall, the recommended rating for CPSS is Moderate Buy. Currently, the company has 3 analysts watching the stock, and the average quarterly earnings estimate is 0.3. Quarterly revenue estimates are averaging 70.85M with the high estimate reaching 73.62M and the low at 68.25M.
To review, the current 1-year target estimate is sitting at 3.17, while the current price 4.59. Based on this, we expect some pullback on the stock over time given our above analysis.