For CuriosityStream Inc. [CURI], Analyst sees a rise to $22. What next?

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CuriosityStream Inc. [NASDAQ: CURI] traded at a low on 02/02/21, posting a -7.36 loss after which it closed the day’ session at $16.50. The company report on February 2, 2021 that CuriosityStream Announces Proposed Public Offering of Common Stock.

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CuriosityStream Inc. (NASDAQ: CURI) (“CuriosityStream”), a global factual entertainment company, announced that it intends to offer for sale 6,500,000 shares of its common stock, par value $0.0001 per share (“Common Stock”), in an underwritten public offering. In addition, CuriosityStream expects to grant the underwriters a 30-day option to purchase an additional 975,000 shares of Common Stock. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.


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BofA Securities is acting as sole book-running manager for the offering and as representative of the underwriters. Needham & Company is acting as senior co-manager for the offering, and D.A. Davison & Co. and Roth Capital Partners are acting as co-managers for the offering.

The results of the trading session contributed to over 2042074 shares changing hands. Over the past one week, the price volatility of CuriosityStream Inc. stands at 7.11% while the volatility over the past one month is 7.24%.

The market cap for CURI stock reached $657.86 million, with 40.19 million shares outstanding and 6.86 million shares in the current float. Compared to the average trading volume of 563.02K shares, CURI reached a trading volume of 2042074 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CuriosityStream Inc. [CURI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CURI shares is $16.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CURI stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for CuriosityStream Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 12, 2021. The new note on the price target was released on January 06, 2021, representing the official price target for CuriosityStream Inc. stock. Previously, the target price had yet another raise to $12, while Stifel analysts kept a Hold rating on CURI stock.

The Average True Range (ATR) for CuriosityStream Inc. is set at 1.32, with the Price to Sales ratio for CURI stock in the period of the last 12 months amounting to 18.82. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 0.01.

How has CURI stock performed recently?

CuriosityStream Inc. [CURI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.12. With this latest performance, CURI shares gained by 18.28% in over the last four-week period, additionally plugging by 59.42% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CURI stock in for the last two-week period is set at 51.24, with the RSI for the last a single of trading hit 44.40, and the three-weeks RSI is set at 54.87 for CuriosityStream Inc. [CURI]. The present Moving Average for the last 50 days of trading for this stock 13.60, while it was recorded at 17.20 for the last single week of trading, and 10.80 for the last 200 days.

CuriosityStream Inc. [CURI]: Deeper insight into the fundamentals

CuriosityStream Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Insider trade positions for CuriosityStream Inc. [CURI]

There are presently around $197 million, or 33.00% of CURI stock, in the hands of institutional investors. The top three institutional holders of CURI stocks are: GLAZER CAPITAL, LLC with ownership of 1,889,850, which is approximately 76.787% of the company’s market cap and around 2.10% of the total institutional ownership; BASSO CAPITAL MANAGEMENT, L.P., holding 945,889 shares of the stock with an approximate value of $15.61 million in CURI stocks shares; and KEPOS CAPITAL LP, currently with $15.21 million in CURI stock with ownership of nearly 13.254% of the company’s market capitalization.

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26 institutional holders increased their position in CuriosityStream Inc. [NASDAQ:CURI] by around 5,858,599 shares. Additionally, 27 investors decreased positions by around 4,844,346 shares, while 5 investors held positions by with 1,213,409 shares. The mentioned changes placed institutional holdings at 11,916,354 shares, according to the latest SEC report filing. CURI stock had 14 new institutional investments in for a total of 2,070,361 shares, while 19 institutional investors sold positions of 4,522,071 shares during the same period.

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