Price Action To Observe: After Making 52-Week High, Is Cadiz Inc’s Near-Term Analysis Positive?

Price Action To Observe: After Making 52 Week High, Is Cadiz Inc's Near Term Analysis Positive?

The stock of Cadiz Inc (NASDAQ:CDZI) hit a new 52-week high and has $16.64 target or 108.00% above today’s $8.00 share price. The 7 months bullish chart indicates low risk for the $147.41M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $16.64 price target is reached, the company will be worth $159.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 147,234 shares traded hands or 380.45% up from the average. Cadiz Inc (NASDAQ:CDZI) has risen 36.28% since April 7, 2016 and is uptrending. It has outperformed by 31.49% the S&P500.

According to Zacks Investment Research, “Cadiz, Inc. acquires and develops water-related land and agricultural assets. Cadiz has created a portfolio of land-holdings, water resources and agricultural operations. With its subsidiary, Sun World International, Inc., Cadiz is one of the largest vertically integrated agricultural companies. The Company owns significant landholdings with substantial water resources.”

Insitutional Activity: The institutional sentiment decreased to 0.68 in 2016 Q2. Its down 0.59, from 1.27 in 2016Q1. The ratio worsened, as 5 funds sold all Cadiz Inc shares owned while 14 reduced positions. 4 funds bought stakes while 9 increased positions. They now own 8.13 million shares or 2.97% less from 8.38 million shares in 2016Q1.
Geode Mngmt Ltd Company owns 78,899 shares or 0% of their US portfolio. Blackrock Fund Advsr accumulated 44,127 shares or 0% of the stock. Gamco Invsts Inc Et Al accumulated 10,000 shares or 0% of the stock. Paloma Prtnrs Mngmt holds 0% or 47,271 shares in its portfolio. Commerzbank Aktiengesellschaft Fi holds 87,000 shares or 0% of its portfolio. Moreover, Blackrock Invest Management Ltd Limited Liability Company has 0% invested in Cadiz Inc (NASDAQ:CDZI) for 2,921 shares. Water Asset Management Ltd Llc holds 13.28% or 2.46M shares in its portfolio. Boston Prns owns 539,403 shares or 0% of their US portfolio. Millennium Mngmt last reported 0% of its portfolio in the stock. The California-based California Pub Employees Retirement has invested 0% in Cadiz Inc (NASDAQ:CDZI). Blackrock Institutional Na owns 64,974 shares or 0% of their US portfolio. Royal Fincl Bank Of Canada accumulated 0% or 1,100 shares. Morgan Stanley, a New York-based fund reported 20,461 shares. Art Advsr Limited Liability Com, a New York-based fund reported 11,291 shares. National Bank & Trust Of New York Mellon accumulated 16,388 shares or 0% of the stock.

Insider Transactions: Since May 24, 2016, the stock had 1 buy, and 0 selling transactions for $72,867 net activity. Water Asset Management LLC bought $72,867 worth of stock or 23,430 shares.

More notable recent Cadiz Inc (NASDAQ:CDZI) news were published by: Businesswire.com which released: “Cadiz Inc. Announces Guidance from US Bureau of Land Management Regarding …” on October 05, 2015, also Globenewswire.com with their article: “Cadiz Inc. Issues Statement on Apparent Bias in Bureau of Land Management’s …” published on August 17, 2016, Businesswire.com published: “Cadiz Inc. Announces New Water Project Support from Southern California Local …” on August 06, 2015. More interesting news about Cadiz Inc (NASDAQ:CDZI) were released by: Quotes.Wsj.com and their article: “News Cadiz Inc.CDZI” published on February 11, 2011 as well as Globenewswire.com‘s news article titled: “Cadiz Inc. Announces California Court of Appeals Upholds Water Project’s …” with publication date: May 10, 2016.

CDZI Company Profile

Cadiz Inc., incorporated on April 27, 1992, is a land and water resource development firm with approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. The Firm is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project (Water Project or Project), which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner Property), and deliver it to water providers throughout Southern California. The Company’s development activities include water resource and agricultural development at its San Bernardino County properties.

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