City Office REIT Inc (NYSE: CIO) is -6.38% lower on its value in year-to-date trading and has touched a low of $4.02 and a high of $6.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CIO stock was last observed hovering at around $5.63 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $5.72, the stock is 10.64% and 3.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.34 million and changing 1.60% at the moment leaves the stock 10.71% off its SMA200. CIO registered 19.42% gain for a year compared to 6-month gain of 18.18%. The firm has a 50-day simple moving average (SMA 50) of $5.5212 and a 200-day simple moving average (SMA200) of $5.1608.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 5.34% loss in the last 1 month and extending the period to 3 months gives it a -4.03%, and is 16.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.40% over the week and 4.09% over the month.
City Office REIT Inc (CIO) has around 20 employees, a market worth around $229.68M and $173.53M in sales. Profit margin for the company is -9.83%. Distance from 52-week low is 42.29% and -14.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.21%).
The EPS is expected to shrink by -73.33% this year
182.0 institutions hold shares in City Office REIT Inc (CIO), with institutional investors hold 69.50% of the company’s shares. The shares outstanding are 39.94M, and float is at 38.57M with Short Float at 0.94%. Institutions hold 66.73% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.93 million shares valued at $19.59 million. The investor’s holdings represent 9.8097 of the CIO Shares outstanding. As of 2024-06-30, the second largest holder is NEWTYN MANAGEMENT, LLC with 3.84 million shares valued at $19.11 million to account for 9.5718 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.2 million shares representing 7.9707 and valued at over $15.92 million, while LSV ASSET MANAGEMENT holds 4.3363 of the shares totaling 1.74 million with a market value of $8.66 million.
City Office REIT Inc (CIO) Insider Activity
The most recent transaction is an insider purchase by Mazan Michael, the company’s Director. SEC filings show that Mazan Michael bought 39,000 shares of the company’s common stock on Mar 19 ’24 at a price of $4.22 per share for a total of $0.16 million. Following the purchase, the insider now owns 39000.0 shares.
