CorEnergy Infrastructure Trust Inc. (NYSE:CORR) currently has a daily average trading volume of 99.91K but it saw 3335142 shares traded on Thursday. With a market cap of 18.81M USD, stock’s current market price of $1.14 came rising about 11.76 while comparing to the previous closing price of $1.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.48 and as low as $0.96. In the recent trading on the day, stock has struck highest price mark of $1.35 while lowest mark touched by it was $0.95.
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Taking a look at 20-day trading activity of CorEnergy Infrastructure Trust Inc. (CORR) gives us an average price of $1.0420, while its current price level is -67.24% below from 52-week high level whereas it is 18.75% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1322 while that of 200 days or SMA-200 reads an average of $1.8332. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.33% during that period while stretching the period over a month that decreases to 6.40%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.39 which implies that the stock is in neutral territory.
CorEnergy Infrastructure Trust Inc. (CORR)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $1.00 and $1.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $1.00. Average price target assigned by them is $1.00 which highlights a downside potential of -14.0% for the stock over that period. And to attain the median price target of $1.00 assigned by those analysts, stock has to subtract about -14.0% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, CORR’s stock price is moving 10.68% up while it is 11.76% when we observe its performance for the past one month. Year-to-date it is -45.45% down and over the past year, the stock is showing a downside performance of -51.79%.
The company is expected to be releasing its next quarterly report in 08/07/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, CorEnergy Infrastructure Trust Inc.’s total number of outstanding shares is 15.96M with 5.79% of that held by the insiders while 13.33% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.00% and return on equity (ROE) at 614.90%. Stock’s beta reads 1.27. Stock has a price to sale or P/S ratio amounts to 0.14. Its return on asset (ROA) is -5.80% on average.
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