Is CEA Industries Inc. (NASDAQ: CEAD) Stock Ready For A Higher Run In Its Share Price?

In the last trading session, 1.28 million CEA Industries Inc. (NASDAQ:CEAD) shares changed hands as the company’s beta touched 1.15. With the company’s per share price at $1.45 changed hands at -$0.12 or -7.64% during last session, the market valuation stood at $11.51M. CEAD’s last price was a discount, traded about -831.03% off its 52-week high of $13.50. The share price had its 52-week low at $0.95, which suggests the last value was 34.48% up since then. When we look at CEA Industries Inc.’s average trading volume, we note the 10-day average is 0.49 million shares, with the 3-month average coming to 1.65 million.

Instantly CEAD was in red as seen at the end of in last trading. With action -13.17%, the performance over the past five days has been red. The drop to weekly highs of 1.7700 on Tuesday, 07/26/22 subtracted -7.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -70.16%, with the 5-day performance at -13.17% in the red. However, in the 30-day time frame, CEA Industries Inc. (NASDAQ:CEAD) is 18.85% up. Looking at the short shares, we see there were 0.3 million shares sold at short interest cover period of 1.02 days.

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CEA Industries Inc. (CEAD) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.80%. The 2022 estimates are for CEA Industries Inc. earnings to decrease by -108.60%.

CEAD Dividends

CEA Industries Inc. is expected to release its next quarterly earnings report in August.

CEA Industries Inc. (NASDAQ:CEAD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 11.81% of CEA Industries Inc. shares while 13.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.76%. There are 13.90% institutions holding the CEA Industries Inc. stock share, with Bard Associates Inc. the top institutional holder. As of Mar 30, 2022, the company held 0.11% of the shares, roughly 0.26 million CEAD shares worth $0.66 million.

Lynwood Capital Management Inc. holds the second largest percentage of outstanding shares, with 0.09% or 0.23 million shares worth $0.56 million as of Mar 30, 2022.

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