CaliberCos (NASDAQ:CWD) Trading Down 1.8% – Here’s Why

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

CaliberCos Price Performance

The business’s fifty day moving average price is $0.57 and its 200-day moving average price is $0.66. The stock has a market capitalization of $11.92 million, a PE ratio of -1.06 and a beta of 0.07.

CaliberCos (NASDAQ:CWD) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.14. The firm 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 period in the previous year, the business earned ($0.16) earnings per share. On average, analysts expect 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. lifted its stake in shares of CaliberCos Inc. (NASDAQ:CWD) by 90.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 110,000 shares of the company’s stock after acquiring an additional 52,094 shares during the period. Koshinski Asset Management Inc. owned approximately 0.50% of CaliberCos worth $69,000 as of its most recent SEC filing. 4.06% of the stock is owned by institutional investors.

About CaliberCos

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.