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Charles and Colvard Ltd (NASDAQ: CTHR) |
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Price: $1.3300
$-0.08 
-5.674%
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| Day's High:
| $1.45
| Week Perf:
| -9.52 %
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| Day's Low: |
$ 1.33 |
30 Day Perf: |
-8.9 % |
| Volume (M): |
8 |
52 Wk High: |
$ 2.85 |
| Volume (M$): |
$ 11 |
52 Wk Avg: |
$1.31 |
| Open: |
$1.42 |
52 Wk Low: |
$0.26 |
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| Market Capitalization (Millions $) |
40 |
| Shares
Outstanding (Millions) |
30 |
| Employees |
97 |
| Revenues (TTM) (Millions $) |
24 |
| Net Income (TTM) (Millions $) |
-18 |
| Cash Flow (TTM) (Millions $) |
-7 |
| Capital Exp. (TTM) (Millions $) |
1 |
Charles And Colvard Ltd
Charles and Colvard Ltd is a global leader in the manufacturing and distribution of moissanite gemstones. They specialize in creating stunning and sustainable jewelry options at affordable prices. The company was founded in 1995 and is headquartered in North Carolina, USA. With a commitment to ethical practices and environmental responsibility, Charles and Colvard Ltd has gained a strong reputation for its high-quality moissanite jewelry.
Company Address: 170 Southport Drive Morrisville 27560 NC
Company Phone Number: 468-0399 Stock Exchange / Ticker: NASDAQ CTHR
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| Stock Performances by Major Competitors |
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| Charles And Colvard Ltd
Financial News Report: Declining Orders Lead to Increased Deficit for Charles And Colvard Ltd
Charles And Colvard Ltd, a globally recognized fine jewelry company specializing in moissanite and lab-grown diamonds, reported a significant increase in deficit per share for the most recent fiscal period. The deficit per share rose to $-0.12 from $-0.28, indicating worsening financial performance.
One of the key factors contributing to this increase in deficit was a decline in orders, resulting in a substantial drop in revenue. The company's revenue fell by -20.775% to $5.26 million, down from $6.64 million in the previous year. This decline can be attributed to challenges faced by the Specialty Retail industry as a whole.
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| Charles And Colvard Ltd
Charles And Colvard Ltd, a globally recognized fine jewelry company specializing in moissanite and lab-grown diamonds, is experiencing a decline in its share value and financial performance. Weak demand and a significant increase in losses have impacted the company's recent fiscal period, leading to concerns about its future prospects. This article will analyze the financial results and discuss the potential implications for Charles And Colvard Ltd moving forward.
Share Performance:
Over the past 30 days, Charles And Colvard Ltd shares have declined by -2.01%, reflecting negative sentiment in the market. Furthermore, the shares have faced a significant drop of -56.67% from the previous year, compounding investors' concerns. The stock currently trades only 36.8% above its 52-week low, indicating a lack of investor confidence in the company's ability to rebound.
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| Charles And Colvard Ltd
Charles And Colvard Ltd, a company in the specialty retail industry, has recently reported its financial performance for the fiscal time-frame of July to September 30, 2023. The company's deficit has expanded to $-0.08 per share compared to $-0.03 per share in the previous year, while its income per share has improved from $-0.30 to an undisclosed amount.
One concerning aspect of Charles And Colvard Ltd's report is the significant decline in revenue. The company's revenue decreased by -32.832% to $4.95 million from $7.37 million in the corresponding reporting period a year ago. Moreover, sequentially, the revenue deteriorated by -10.985% from $5.56 million. This slump in revenue is in contrast to the top-line growth witnessed in the overall specialty retail industry.
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| Charles And Colvard Ltd
Charles And Colvard Ltd, a specialty retail company focused on the production and distribution of synthetic gemstones, recently released its financial results for the April to June 30, 2023 period. The company reported a decline in revenue, increased quarterly and yearly losses per share, and a significant decrease in inventory levels. These results reflect a challenging period for Charles And Colvard Ltd, as it faces headwinds in the market.
I. Revenue Decline:
During the second quarter of 2023, Charles And Colvard Ltd experienced a substantial drop in revenue. Comparing the same period last year, their revenue fell by -40.194% from $9.30 million to $5.56 million. Sequentially, revenue fell by -16.224% from $6.64 million. These figures indicate a challenging market environment for the company, affecting its ability to generate sales and maintain previous revenue levels.
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| Charles And Colvard Ltd
Despite the recent financial report released by Charles And Colvard Ltd, which showed weak orders and a rise in losses, there are still many reasons to remain optimistic about the stock market. It is true that the company registered a significant drop in revenue, but let's put things into perspective. The pandemic has had a significant impact on the global economy, causing businesses to shut down and people to lose their jobs. Companies are still struggling to recover, and some aren't likely to bounce back.
Despite all of these challenges, however, the stock market has remained resilient. We've seen many industries pivot and adapt to the new normal, and the stock market has reflected these positive changes. It is important to remember that the stock market is a reflection of the economy, and it is often a leading indicator of what's to come. While Charles And Colvard Ltd may be experiencing difficulties, it is reasonable to expect that other companies will perform better. After all, that is how the economy works; some companies will do well, while others will struggle.
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| Per Share |
Current |
| Earnings (TTM) |
-0.59 $ |
| Revenues (TTM) |
0.78 $
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| Cash Flow (TTM) |
- |
| Cash |
0.12 $
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| Book Value |
1.02 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-0.59 $
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| Revenues (TTM) |
0.78 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.12 $
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| Book Value |
1.02 $ |
| Dividend (TTM) |
0 $ |
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3.95%