CDZI Stock Summary and Trading Ideas (Cadiz | NASDAQ:CDZI)

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

Cadiz trades on the NASDAQ stock market under the symbol CDZI.

As of April 25, 2024, CDZI stock price declined to $2.25 with 146,314 million shares trading.

CDZI has a beta of 1.66, meaning it tends to be more sensitive to market movements. CDZI has a correlation of 0.14 to the broad based SPY ETF.

CDZI has a market cap of $151.39 million. This is considered a Micro Cap stock.

In the last 3 years, CDZI stock traded as high as $14.69 and as low as $1.48.

The top ETF exchange traded funds that CDZI belongs to (by Net Assets): VTI, IWM, VXF, IWO, VTWO.

CDZI has underperformed the market in the last year with a price return of -47.6% while the SPY ETF gained +23.6%. CDZI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.8% and -8.9%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

CDZI support price is $2.18 and resistance is $2.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CDZI stock will trade within this expected range on the day.