Claros Mortgage Trust Inc (NYSE: CMTG) is -31.19% lower on its value in year-to-date trading and has touched a low of $2.95 and a high of $10.27 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 CMTG stock was last observed hovering at around $2.96 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $3.11, the stock is -7.65% and -27.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing 5.07% at the moment leaves the stock -55.09% off its SMA200. CMTG registered -66.88% loss for a year compared to 6-month loss of -59.92%. The firm has a 50-day simple moving average (SMA 50) of $4.2924 and a 200-day simple moving average (SMA200) of $6.9246.
The stock witnessed a -21.27% gain in the last 1 month and extending the period to 3 months gives it a -56.38%, and is -5.47% 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 5.14% over the week and 6.60% over the month.
Fwd P/E is 10.32. Profit margin for the company is -32.35%. Distance from 52-week low is 5.42% and -69.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.57%).
with sales reaching $58.07M over the same period.The EPS is expected to shrink by -102.39% this year, but quarterly earnings will post -18.22% year-over-year. Quarterly sales are estimated to shrink -23.57% in year-over-year returns.
Claros Mortgage Trust Inc (CMTG) Top Institutional Holders
169.0 institutions hold shares in Claros Mortgage Trust Inc (CMTG), with institutional investors hold 83.84% of the company’s shares. The shares outstanding are 139.36M, and float is at 113.30M with Short Float at 3.61%. Institutions hold 69.16% of the Float.
The top institutional shareholder in the company is HYUNDAI INVESTMENTS CO., LTD. with over 27.4 million shares valued at $219.76 million. The investor’s holdings represent 19.7026% of the CMTG Shares outstanding. As of 2024-06-30, the second largest holder is KOCH INDUSTRIES INC with 15.13 million shares valued at $121.32 million to account for 10.8766 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 11.48 million shares representing 8.2693% and valued at over $92.05 million, while BLACKROCK INC. holds 6.8648 of the shares totaling 9.53 million with a market value of $76.41 million.
Claros Mortgage Trust Inc (CMTG) Insider Activity
The most recent transaction is an insider purchase by Mack Richard, the company’s CEO & CHAIRMAN. SEC filings show that Mack Richard bought 40,000 shares of the company’s common stock on May 29 ’24 at a price of $6.90 per share for a total of $0.28 million. Following the purchase, the insider now owns 2.59 million shares.
Claros Mortgage Trust Inc disclosed in a document filed with the SEC on May 28 ’24 that Siegel Jeffrey D bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $7.23 per share for $36150.0. Following the transaction, the insider now directly holds 0.17 million shares of the CMTG stock.
Still, SEC filings show that on May 28 ’24, WALTER W EDWARD (Director) acquired 7,000 shares at an average price of $7.21 for $50470.0. The insider now directly holds 13,760 shares of Claros Mortgage Trust Inc (CMTG).
