Is There More Upside Ahead For Charles & Colvard Ltd (NASDAQ: CTHR)

Charles & Colvard Ltd (CTHR) concluded trading on Thursday at a closing price of $1.74, with 2.71 million shares of worth about $4.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.30% during that period and on December 12, 2024 the price saw a gain of about 10.82%. Currently the company’s common shares owned by public are about 3.03M shares, out of which, 2.02M shares are available for trading.

Stock saw a price change of 50.00% in past 5 days and over the past one month there was a price change of 20.00%. Year-to-date (YTD), CTHR shares are showing a performance of -57.58% which decreased to -55.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.16 but also hit the highest price of $4.90 during that period. The average intraday trading volume for Charles & Colvard Ltd shares is 66.72K. The stock is currently trading 34.30% above its 20-day simple moving average (SMA20), while that difference is up 26.46% for SMA50 and it goes to -18.84% lower than SMA200.

Charles & Colvard Ltd (NASDAQ: CTHR) currently have 3.03M outstanding shares and institutions hold larger chunk of about 7.06% of that.

The stock has a current market capitalization of $5.43M and its 3Y-monthly beta is at 1.44. It has posted earnings per share of -$6.02 in the same period. It has Quick Ratio of 1.26 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTHR, volatility over the week remained 12.00% while standing at 6.56% over the month.

Coverage by Northland Securities stated Charles & Colvard Ltd (CTHR) stock as a Market perform in their note to investors on February 22, 2008, suggesting a price target of $2 for the stock. On October 24, 2007, Northland Securities Downgrade their recommendations, while on August 06, 2007, B. Riley & Co Initiated their ratings for the stock with a price target of $8. Stock get an Outperform rating from Northland Securities on July 24, 2007.

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