Cartesian Growth Corp II (NASDAQ: RENE) is 2.32% higher on its value in year-to-date trading and has touched a low of $11.17 and a high of $11.94 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 RENE stock was last observed hovering at around $11.92 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $11.93, the stock is 0.86% and 1.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 0.08% at the moment leaves the stock 4.55% off its SMA200. RENE registered 9.75% gain for a year compared to 6-month gain of 5.76%. The firm has a 50-day simple moving average (SMA 50) of $11.81178 and a 200-day simple moving average (SMA200) of $11.587095.
The stock witnessed a 1.10% loss in the last 1 month and extending the period to 3 months gives it a 3.60%, and is 0.85% 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 0.08% over the week and 0.10% over the month.
Cartesian Growth Corp II (RENE) has around 2 employees, a market worth around $155.09M and $0.00M in sales. Current P/E ratio is 29.85. Distance from 52-week low is 6.80% and -0.08% from its 52-week high. The company has generated returns on investments over the last 12 months (11.93%).
22.0 institutions hold shares in Cartesian Growth Corp II (RENE), with institutional investors hold 59.54% of the company’s shares. The shares outstanding are 13.00M, and float is at 7.25M with Short Float at 0.01%. Institutions hold 43.71% of the Float.
The top institutional shareholder in the company is FIRST TRUST CAPITAL MANAGEMENT L.P. with over 1.58 million shares valued at $17.79 million. The investor’s holdings represent 7.2997 of the RENE Shares outstanding. As of 2024-06-30, the second largest holder is CALAMOS ADVISORS LLC with 1.5 million shares valued at $16.92 million to account for 6.9378 of the shares outstanding. The other top investors are BERKLEY W R CORP which holds 1.41 million shares representing 6.5049 and valued at over $15.86 million, while SCHECHTER INVESTMENT ADVISORS, LLC holds 6.05 of the shares totaling 1.31 million with a market value of $14.75 million.
