The CTO Realty Growth Inc. (CTO) shares are trading at higher $38.89.
To add more color to this target, the company’s high over the last year is $68.64 and the low is $34.69. Over the last 52 weeks, CTO is down -43.34% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CTO reported a profit of $0.29 million. CTO Realty Growth Inc. also saw revenues increase to $12.84 million. In addition, CTO has free cash flow of -$134.42 million as of 03-2020 The company’s EBITDA came in at $5.02 million which compares well with its peers.
CTO Return on Equity (ROE) is 40.30%, and its Return on Assets is 14.90%. All told, it is clear that, CTO needs to be on your watchlist.
Find out when CTO reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CTO has a short ratio of 3.37 and outstanding shares of 4.71M.
CTO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 30310.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.60. Investors should also keep an eye on sector updates as CTO has historically followed its peers on positive news.
All told, CTO Realty Growth Inc. CTO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CTO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
CTO Realty Growth Inc. CTO is now commanding a market cap of 181.62M and a float of 4.49M. CTO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CTO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CTO, either long or short, and we have not been compensated for this article.