CION Invt Corp (NYSE: CION) is 2.28% higher on its value in year-to-date trading and has touched a low of $10.48 and a high of $12.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CION stock was last observed hovering at around $11.49 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $11.52, the stock is -0.65% and -1.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.26% at the moment leaves the stock -2.16% off its SMA200. CION registered 1.03% gain for a year compared to 6-month loss of -4.40%. The firm has a 50-day simple moving average (SMA 50) of $11.6752 and a 200-day simple moving average (SMA200) of $11.7897.
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The stock witnessed a -1.54% gain in the last 1 month and extending the period to 3 months gives it a -2.04%, and is -1.96% down 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 2.59% over the week and 1.69% over the month.
Current P/E ratio is 7.80 and Fwd P/E is 8.26. Profit margin for the company is 31.20%. Distance from 52-week low is 9.96% and -8.85% from its 52-week high. The company has generated returns on investments over the last 12 months (9.70%).
with sales reaching $53.67M over the same period.The EPS is expected to grow by 96.50% this year, but quarterly earnings will post -1.12% year-over-year. Quarterly sales are estimated to shrink -10.55% in year-over-year returns.
CION Invt Corp (CION) Top Institutional Holders
189.0 institutions hold shares in CION Invt Corp (CION), with institutional investors hold 34.88% of the company’s shares. The shares outstanding are 53.29M, and float is at 53.02M with Short Float at 0.26%. Institutions hold 34.70% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 1.24 million shares valued at $15.0 million. The investor’s holdings represent 2.2931% of the CION Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 1.13 million shares valued at $13.7 million to account for 2.0955 of the shares outstanding. The other top investors are BULLDOG INVESTORS, LLP which holds 1.02 million shares representing 1.8983% and valued at over $12.42 million, while LPL FINANCIAL LLC holds 1.7358 of the shares totaling 0.94 million with a market value of $11.35 million.
CION Invt Corp (CION) Insider Activity
The most recent transaction is an insider purchase by Reisner Michael A, the company’s Co-Chairman & Co-CEO. SEC filings show that Reisner Michael A bought 437 shares of the company’s common stock on Nov 21 ’24 at a price of $11.44 per share for a total of $4999.0. Following the purchase, the insider now owns 44997.0 shares.
CION Invt Corp disclosed in a document filed with the SEC on Nov 21 ’24 that ROMAN STEPHEN (CCO & Secretary) bought a total of 435 shares of the company’s common stock. The trade occurred on Nov 21 ’24 and was made at $11.53 per share for $5016.0. Following the transaction, the insider now directly holds 11020.0 shares of the CION stock.
Still, SEC filings show that on Nov 15 ’24, Breakstone Robert A (Director) acquired 1,000 shares at an average price of $11.34 for $11340.0. The insider now directly holds 13,238 shares of CION Invt Corp (CION).
