CaliberCos (NASDAQ:CWD) Stock Price Down 1.8% – Should You Sell?

CaliberCos Inc. (NASDAQ:CWD)’s share price dropped 1.8% during mid-day trading 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 stock has a market cap of $11.84 million, a P/E ratio of -1.05 and a beta of 0.07. The stock’s 50-day moving average is $0.56 and its two-hundred day moving average is $0.65.

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

Hedge Funds Weigh In On CaliberCos

A hedge fund recently raised its stake in CaliberCos stock. Koshinski Asset Management Inc. grew its holdings in shares of CaliberCos Inc. (NASDAQ:CWD) by 90.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the company’s stock after buying an additional 52,094 shares during the quarter. Koshinski Asset Management Inc. owned 0.50% of CaliberCos worth $69,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.06% of the company’s stock.

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.