CaliberCos (NASDAQ:CWD) Trading Down 1.8% – What’s Next?

Shares of CaliberCos Inc. (NASDAQ:CWD) were down 1.8% on Monday . The stock traded as low as $0.50 and last traded at $0.53. Approximately 35,095 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 38,764 shares. The stock had previously closed at $0.54.

CaliberCos Stock Performance

The stock has a market cap of $11.92 million, a P/E ratio of -1.06 and a beta of 0.07. The business has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.66.

CaliberCos (NASDAQ:CWD) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. The business had revenue of $11.30 million during the quarter. CaliberCos had a negative net margin of 16.19% and a negative return on equity of 13.83%. During the same quarter last year, the business posted ($0.16) EPS. On average, sell-side analysts predict that CaliberCos Inc. will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CaliberCos

An institutional investor recently raised its position in CaliberCos stock. Koshinski Asset Management Inc. raised its holdings in shares of CaliberCos Inc. (NASDAQ:CWD) by 90.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,000 shares of the company’s stock after purchasing an additional 52,094 shares during the quarter. Koshinski Asset Management Inc. owned approximately 0.50% of CaliberCos worth $69,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 4.06% of the company’s stock.

CaliberCos Company Profile

Caliber (NASDAQ: CWD) is a vertically integrated alternative asset management firm whose purpose is to build generational wealth for investors seeking to access opportunities in middle-market assets. Caliber differentiates itself by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments which are managed by our in-house asset services group.