Cadiz, Inc. (NASDAQ:CDZI – Get Free Report) Director David Mark O’hara acquired 110,865 shares of Cadiz stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $4.58 per share, with a total value of $507,761.70. Following the completion of the purchase, the director owned 117,841 shares of the company’s stock, valued at approximately $539,711.78. The trade was a 1,589.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cadiz Trading Up 11.4%
Shares of NASDAQ:CDZI opened at $4.88 on Friday. Cadiz, Inc. has a 52-week low of $2.75 and a 52-week high of $6.96. The stock has a market cap of $410.36 million, a price-to-earnings ratio of -10.61 and a beta of 1.79. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 7.32. The business has a 50-day moving average price of $4.69 and a 200-day moving average price of $5.25.
Cadiz (NASDAQ:CDZI – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Cadiz had a negative return on equity of 129.97% and a negative net margin of 221.43%.The firm had revenue of $1.63 million during the quarter, compared to analysts’ expectations of $4.48 million. Equities analysts predict that Cadiz, Inc. will post -0.4 EPS for the current year.
Institutional Trading of Cadiz
Analyst Upgrades and Downgrades
CDZI has been the topic of several analyst reports. Maxim Group initiated coverage on Cadiz in a report on Monday, February 2nd. They set a “buy” rating and a $10.00 target price on the stock. Zacks Research lowered Cadiz from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Wall Street Zen lowered Cadiz from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cadiz in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.
Read Our Latest Research Report on Cadiz
Cadiz Company Profile
Cadiz, Inc (NASDAQ: CDZI) is a Southern California–based water resource management company focused on developing and operating groundwater storage, recovery and conveyance projects. The company holds water rights and mineral rights on approximately 34,000 acres in the Mojave Desert and is chiefly known for advancing the Cadiz Water Project, a planned system to capture, store and distribute groundwater to urban and agricultural users in the region.
The company’s primary business activity centers on the development of infrastructure that enables sustainable groundwater banking.
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