Why is Caspian Corporat falling/rising?
As of 22-Aug, Caspian Corporate Services Ltd's stock price is declining at 7.15, down 1.92%, with significant underperformance over various time frames and weak long-term fundamentals. The company's negative EBITDA and a 35.08% drop in delivery volume indicate low investor confidence, contributing to its downward trend.
As of 22-Aug, Caspian Corporate Services Ltd is experiencing a decline in its stock price, currently at 7.15, reflecting a decrease of 0.14 or 1.92%. The stock has underperformed its sector by 1.97% today and has been on a consecutive downward trend for the last two days, with a total decline of 2.46% during this period. Additionally, the stock has shown significant underperformance over various time frames, including a 1-year return of -67.94% and a 3-year return of -10.62%. The company is facing weak long-term fundamentals, highlighted by a staggering -385.26% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.49 times, indicating low profitability and a challenging financial position.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.88% over the past week while Caspian's stock has declined by 0.42%. This underperformance is further emphasized by the company's negative EBITDA and a significant drop in profit after tax, which fell by 92.3% compared to the previous four-quarter average. The declining investor participation, evidenced by a 35.08% drop in delivery volume, also suggests a lack of confidence among investors, contributing to the stock's downward trajectory. Overall, the combination of weak financial metrics and poor market sentiment is driving the stock lower.
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