In yesterday’s Wall Street session, Charles & Colvard Ltd. (NASDAQ:CTHR) shares traded at $0.97, down -1.02% from the previous session.
1 analysts cover Charles & Colvard Ltd. (NASDAQ:CTHR), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.10 and a low of $1.10, we find $1.10. Given the previous closing price of $0.98, this indicates a potential upside of 12.24 percent. CTHR stock price is now 7.37% away from the 50-day moving average and -18.31% away from the 200-day moving average. The market capitalization of the company currently stands at $29.70M.
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The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $1.10 as their price target over the next twelve months.
On February 22, 2008, Northland Securities reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $4 to quote $2, while ‘B. Riley & Co’ rates the stock as ‘Buy’.
In other news, PETE CLINT J., CFO bought 10,000 shares of the company’s stock on Dec 12. The stock was bought for $8,680 at an average price of $0.87. Upon completion of the transaction, the CFO now directly owns 59,500 shares in the company, valued at $57715.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Director GOLDMAN NEAL I bought 37,762 shares of the business’s stock. A total of $47,958 was incurred on buying the stock at an average price of $1.27. This leaves the insider owning 1,117,762 shares of the company worth $1.08 million. Insiders disposed of 95,626 shares of company stock worth roughly $92757.22 over the past 1 year. A total of 10.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CTHR stock. A new stake in Charles & Colvard Ltd. shares was purchased by CLEARSTEAD TRUST, LLC during the first quarter worth $10,000. In total, there are 43 active investors with 25.30% ownership of the company’s stock.
On Friday morning Charles & Colvard Ltd. (NASDAQ: CTHR) stock kicked off with the opening price of $0.9800. During the past 12 months, Charles & Colvard Ltd. has had a low of $0.80 and a high of $2.66. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.70, and a quick ratio of 2.90. The fifty day moving average price for CTHR is $0.9028 and a two-hundred day moving average price translates $1.1840 for the stock.
The latest earnings results from Charles & Colvard Ltd. (NASDAQ: CTHR) was released for Jun, 2022. According to the Luxury Goods Company, earnings per share came in at $0, beating analysts’ expectations of -$0.01 by 0.01. This compares to $0.03 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 1.10% for CTHR. The company reported revenue of $7.37 million for the quarter, compared to $10.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.27 percent. For the current quarter, analysts expect CTHR to generate $7.3M in revenue.
Charles & Colvard Ltd.(CTHR) Company Profile
Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional. It manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name. The company also markets and distributes lab grown diamonds, and finished jewelry with lab grown diamonds under the Caydia brand. It sells its products at wholesale prices to distributors, manufacturers, retailers, and designers; and to end-consumers at retail prices through charlesandcolvard.com and moissaniteoutlet.com, third-party online marketplaces, drop-ship, and other e-commerce outlets. The company was incorporated in 1995 and is headquartered in Morrisville, North Carolina.
