Cit Inc Stock Price on August 12, 2024

CINT Stock  USD 6.13  0.02  0.33%   
If you're considering investing in CiT Stock, it is important to understand the factors that can impact its price. As of today, the current price of CiT stands at 6.13, as last reported on the 26th of December, with the highest price reaching 6.17 and the lowest price hitting 6.11 during the day. CiT Inc secures Sharpe Ratio (or Efficiency) of -0.0646, which signifies that the company had a -0.0646% return per unit of volatility over the last 3 months. CiT Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CiT's risk adjusted performance of (0.03), and Mean Deviation of 2.01 to double-check the risk estimate we provide.
  
At this time, CiT's Other Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 146 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 2 B in 2024. . Price To Sales Ratio is likely to drop to 1.52 in 2024. Price Earnings Ratio is likely to drop to 25.52 in 2024. CiT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0646

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Estimated Market Risk

 2.71
  actual daily
24
76% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average CiT is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CiT by adding CiT to a well-diversified portfolio.
Price Book
3.2083
Enterprise Value Ebitda
15.3993
Price Sales
0.3857
Shares Float
19.9 M
Wall Street Target Price
7.476

CiT Main Headline on 12th of August 2024

NEW YORK, August 12, 2024--CIT , a leader in driving AI-powered digital transformation for global brands, today announced it has been named in the 2024 Gartner Peer Insights Voice of the Customer for Custom Software Development Services, Worldwide.

CiT Valuation on August 12, 2024

It is possible to determine the worth of CiT on a given historical date. On August 12, 2024 CiT was worth 6.28 at the beginning of the trading date compared to the closed value of 6.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CiT stock. Still, in general, we apply an absolute valuation method to find CiT's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CiT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CiT's related companies.
 Open High Low Close Volume
  6.11    6.27    6.10    6.23    34,681  
08/12/2024
  6.28    6.34    6.19    6.27    32,893  
  6.30    6.71    6.30    6.67    56,195  
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Open Value
6.28
6.27
Closing Value
14.40
Upside

CiT Trading Date Momentum on August 12, 2024

On August 13 2024 CiT Inc was traded for  6.67  at the closing time. The top price for the day was 6.71  and the lowest listed price was  6.30 . The trading volume for the day was 56.2 K. The trading history from August 13, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 6.38% . The overall trading delta against the current closing price is 14.67% .

CiT Inc Fundamentals Correlations and Trends

By evaluating CiT's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CiT's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CiT financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About CiT Stock history

CiT investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CiT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CiT Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CiT stock prices may prove useful in developing a viable investing in CiT
Last ReportedProjected for Next Year
Common Stock Shares Outstanding139.1 M146 M
Net Income Applicable To Common Shares144.8 M152 M

CiT Quarterly Net Working Capital

482.08 Million

CiT Stock Technical Analysis

CiT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of CiT technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CiT trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

CiT Period Price Range

Low
December 26, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

CiT Inc cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

CiT December 26, 2024 Market Strength

Market strength indicators help investors to evaluate how CiT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CiT shares will generate the highest return on investment. By undertsting and applying CiT stock market strength indicators, traders can identify CiT Inc entry and exit signals to maximize returns

CiT Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for CiT's price direction in advance. Along with the technical and fundamental analysis of CiT Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CiT to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for CiT Stock Analysis

When running CiT's price analysis, check to measure CiT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CiT is operating at the current time. Most of CiT's value examination focuses on studying past and present price action to predict the probability of CiT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CiT's price. Additionally, you may evaluate how the addition of CiT to your portfolios can decrease your overall portfolio volatility.