Computer Modelling Group Ltd. saw a modest decline in its stock price today, despite a recent uptick in performance over the past week.
Computer Modelling Group Ltd. (TSX: CMG) experienced a slight drop of 0.76% on Tuesday, closing at C$3.83. However, the stock has shown resilience in the past week with a gain of 5.41%. This summary will explore the recent performance, technical indicators, and any relevant news surrounding the company.
Investor takeaway: While CMG's stock has shown some recovery over the past week, investors should remain cautious given the broader context of its year-to-date performance, which is down 26.14%.
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Computer Modelling Group Ltd.
CMG.TO
CMG.TO
Computer Modelling Group Ltd.
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Market cap
$307.30M
P/E
18.2x
Div. yield
2.11%
Div. / share
$0.08
52W high
$6.80
52W low
$3.40
1W change
-4.34%
Beta
-0.20
Analyst Price Targets
Based on analyst covering CMG
Wall Street analysts forecast CMG stock price to rise 38.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$5.20
+38.7% Upside
Current Price
C$3.75
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CMG's historical volatility
30-Day Vol
34.3%
Annualized
90-Day Vol
37.8%
Annualized
Trend (90d)
+4.5%
Annualized drift
90d Mean
C$3.81
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$3.77 | C$3.35 โ C$4.24 |
| 60 trading days | C$3.79 | C$3.21 โ C$4.48 |
| 90 trading days | C$3.81 | C$3.11 โ C$4.68 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
CMG's stock has a P/E ratio of 18.71 and a market cap of C$306.5 million.
The stock is currently trading at C$3.83, which is significantly lower than its 200-day moving average of C$4.59, suggesting that it may be undervalued or facing challenges.
Bull case
The recent acquisition of Rose Subsurface Assessment could improve CMG's services and strengthen its market position, potentially leading to better financial performance in the future.
Bear case
Despite the recent gains, CMG's year-to-date decline highlights ongoing challenges. The stock remains significantly below its 200-day moving average, indicating potential headwinds.
Recent Price Action
Computer Modelling Group Ltd. (TSX: CMG) closed at C$3.83 on Tuesday, marking a decrease of 0.76% for the day. Over the past week, however, the stock has gained 5.41%, indicating some recovery from earlier losses. Year-to-date, CMG's performance remains concerning, down 26.14%.
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Technical Picture
Currently, CMG's stock is trading just above its 50-day moving average of C$3.81, which is a positive sign, showing a slight upward momentum of 0.5%. However, the stock is significantly below its 200-day moving average of C$4.59, representing a 16.5% gap. The stock's 52-week range is between C$3.40 and C$8.16, with the current price at about 9% of this range. Notably, CMG has a beta of -0.20, indicating lower volatility compared to the market.
Insider Activity
There are no recent insider activity reports available for Computer Modelling Group Ltd.
Market Outlook
While there have been no recent major news announcements affecting CMG's stock, the company has made strategic moves in the past, including the acquisition of Rose Subsurface Assessment. Analysts maintain a bullish outlook with an average target price of C$5.20, suggesting a potential upside of 35.8% from the current trading price.
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