Clipper Realty Inc [NYSE: CLPR] gained 7.10% on the last trading session, reaching $4.83 price per share at the time. The company report on March 14, 2024 at 4:01 PM that Clipper Realty Inc. Announces Fourth Quarter 2023 Results.
Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended December 31, 2023.
If compared to the average trading volume of 42.76K shares, CLPR reached a trading volume of 118055 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Clipper Realty Inc [CLPR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLPR shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLPR stock is a recommendation set at 2.00. 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.
Raymond James have made an estimate for Clipper Realty Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 13, 2021.
The Average True Range (ATR) for Clipper Realty Inc is set at 0.18, with the Price to Sales ratio for CLPR stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 28.28, with the Price to Cash per share for the same quarter was set at 2.26.
Trading performance analysis for CLPR stock
Clipper Realty Inc [CLPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.32. With this latest performance, CLPR shares dropped by -0.21% in over the last four-week period, additionally sinking by -9.04% over the last 6 months – not to mention a drop of -14.51% in the past year of trading.
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 CLPR stock in for the last two-week period is set at 52.66, with the RSI for the last a single of trading hit 57.08, and the three-weeks RSI is set at 50.36 for Clipper Realty Inc [CLPR]. The present Moving Average for the last 50 days of trading for this stock 4.88, while it was recorded at 4.60 for the last single week of trading, and 5.33 for the last 200 days.
Clipper Realty Inc [CLPR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Clipper Realty Inc posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLPR.
An analysis of Institutional ownership at Clipper Realty Inc [CLPR]
The top three institutional holders of CLPR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CLPR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CLPR stock with ownership which is approximately 5.8325%.
