CMCT Stock Summary and Trading Ideas (Creative Media & Community Trust | NASDAQ:CMCT)

Creative Media & Community Trust is formed to invest in, own, and operate Class A and creative office investments in improving urban communities throughout the United States. It operates through segments such as office, hotel and multifamily properties and lending. The Office segment includes rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental. The Hotel segment relates to operations of hotel properties whereas, the lending segment refers to income from the yield and other related fee income earned on its loans receivable. The lending segment includes income recognized from the sale of government guaranteed portion of loans receivable, income from the yield on its loans receivable and other related fee income earned.

Creative Media & Community Trust trades on the NASDAQ stock market under the symbol CMCT.

As of April 23, 2024, CMCT stock price climbed to $3.41 with 9,550 million shares trading.

CMCT has a market cap of $77.70 million. This is considered a Micro Cap stock.

Last quarter Creative Media & Community Trust reported $29 million in Revenue and -$.72 earnings per share. This fell short of revenue expectation by $-732,000 and missed earnings estimates by -$.24.

In the last 3 years, CMCT stock traded as high as $12.20 and as low as $3.19.

The top ETF exchange traded funds that CMCT belongs to (by Net Assets): VTI, VXF, IWC.

CMCT has underperformed the market in the last year with a price return of -19.0% while the SPY ETF gained +24.3%. CMCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.2% and -10.7%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

CMCT support price is $3.15 and resistance is $3.53 (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 CMCT stock will trade within this expected range on the day.