The stock of Capital Senior Living Corporation (NYSE:CSU) is now priced at $0.67 and the shares are 0.08 points up or 13.06% higher compared to its previous closing price of $0.59. CSU shares have a float of 21.57 million and although its performance was 9.48% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the CSU share price recently placing at $0.57 to $0.76. However, some brokerage firms have priced the stock below the average, including one that has called $0.5.
The shorts are running away from the Capital Senior Living Corporation stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the CSU shares have declined. Short interest in the stock represents just 3.97% of its float, but the volume has dropped by 0.
In the last trading session, Capital Senior Living Corporation (NYSE:CSU) raised by $0.058 over the week and lost -$0.0566 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $5.64. The stock recorded its established 52-week high on 07/31/19.
Since 04/03/20, the stock has traded to a low of $0.45 at 48.89%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.88. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Capital Senior Living Corporation’s two-week RSI is 52.81. This suggests that the stock is neutral at the moment and that CSU shares’ price movement remains stable. The stochastic readings are equally revealing at 35.68% meaning the CSU share price is currently in neutral territory.
The technical chart shows that the CSU stock will likely settle at between $0.7633 and $0.8567 per share. However, if the stock dips below $0.5733, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.4767.
Currently, the stock is trading in the green of MACD, with a reading of 0.009. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned CSU a rating of Underweight in their intiating review released on September 03. BofA/Merrill analysts downgraded their recommendation of the stock from Neutral to Underperform in a flash note released to investors on February 28. Stifel seeing the stock struggling downgraded it from Hold to Sell on May 02 placing it at $13 to $10.50.
The average rating for the CSU equity is 4 and is currently gathering a bearish momentum. Of 1 analysts tracking Capital Senior Living Corporation polled by Reuters, 0 rated CSU as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the CSU stocks P/S ratio currently stands below the group’s average of 30.1. Capital Senior Living Corporation has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 4.7 industry average.