Shares of Yunhong CTI Ltd. (CTIB) are gaining more than 90 percent or $2.14 in Wednesday’s morning trade at $4.50 despite no specific news that could impact the movement of the stock.
Lake Barrington, Illinois-based Yunhong CTI is a manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products.
U.S. stocks opened lower on Wednesday amid concerns that the rising number of coronavirus cases in a number of U.S. states could delay an economic recovery. During congressional testimony on Tuesday, White House health advisor Dr. Anthony Fauci warned of a “disturbing surge” in coronavirus infections in the country.
The stock has traded in a range of $0.40 to $8.37 in the past 52 weeks.
Yunhong CTI (CTIB) trading analysis
Upright in the green today for gaining 8.76%, in the last five days CTIB remained trading in the green while hitting it’s week-highest on Wednesday, Jun 17 when the stock touched $3.23-2 price level, adding 22.83% to its value on the day. Yunhong CTI Ltd.’s shares saw a change of 180.09% in year-to-date performance and have moved -25.38% in past 5-day. Yunhong CTI Ltd. (CTIB) showed a performance of 89.92% in past 30-days. Number of shares sold short was 946,000 shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7 to the stock, which implies a rise of 196.61% to its current value. Analysts have been projecting $7 as a low price target for the stock while placing it at a high target of $7. It follows that stock’s current price would jump +196.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of 196.61% for stock’s current value.
Yunhong CTI (CTIB) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -53.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -9.8% while estimates for its earnings growth in next 5 years are of 32%. Analysts point to this investment as being highly unattractive.
