Cornerstone Strategic Value Fund Inc. (NYSE: CLM): Should Value Hunters Buy It?

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The trading price of Cornerstone Strategic Value Fund Inc. (NYSE:CLM) floating higher at last check on Wednesday, October 13, closing at $13.22, 0.14% higher than its previous close.

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The company’s P/E ratio in the trailing 12-month period was 9.90, while its 5Y monthly beta was 0.98. In examining the 52-week price action we see that the stock hit a 52-week high of $13.81 and a 52-week low of $10.41. Over the past month, the stock has gained 0.08% in value.

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Cornerstone Strategic Value Fund Inc., whose market valuation is $1.03 billion at the time of this writing, is expected to release its quarterly earnings report Feb 29, 2020. The dividend yield on the company stock is 14.55%, while its Forward Dividend ratio is 1.92. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Cornerstone Strategic Value Fund Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CLM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that CLM’s price is currently 2.05% off the SMA20 and 3.59% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.07, and weekly volatility stands at 1.15%. When measured over the past 30 days, the indicator reaches 1.25%. Cornerstone Strategic Value Fund Inc. (NYSE:CLM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.18.

To see how Cornerstone Strategic Value Fund Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: CLM stock’s performance was 0.14% at last check in today’s session, and 16.92% in the past year. Cornerstone Strategic Value Fund Inc. has a P/E ratio of 9.90. Also during today’s trading, the S&P 500 Index has plunged -0.16%, while the Dow Jones Industrial also saw a negative session, down -0.45% today.

An evaluation of the daily trading volume of Cornerstone Strategic Value Fund Inc. (NYSE:CLM) indicates that the 3-month average is 1.01 million.

Currently, records show that 77.67 million of the company’s shares remain outstanding. The institutions hold 12.34%. However, since the stock’s price has seen 12.54% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.