CODI Price Prediction Next Week
Analysis and Insights
To predict the stock price of Compass Diversified (CODI) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Company Growth and Strategy: CODI is well-positioned for growth with plans to deploy capital aggressively as dealmaking rebounds. The company generated $2.1 billion in revenue in 2023 and anticipates 5% organic revenue growth for 2024. Its share price has increased by 10% over the past year, reflecting strong financial performance.
Q4 Financial Performance: CODI reported Q4 revenue of $620.3 million, slightly below consensus estimates, but achieved double-digit sales growth and over 30% growth in Adjusted EBITDA for the full year. This was driven by strong consumer business performance.
Dividend Yield: CODI offers a quarterly dividend of $0.25, providing a stable income stream for investors. The estimated annual yield is 4.73%, reflecting the stability of its dividend history.
Technical Analysis:
Price Trends: CODI's stock price closed at $19.58 on March 24, 2025, with a pre-market percentage change of +1.10% and a regular market change of +2.14%. This indicates positive momentum heading into the next trading week.
RSI and MACD: The Relative Strength Index (RSI) for CODI is at 43.76, indicating a neutral position, not overbought or oversold. The MACD is slightly bearish at -0.39, suggesting some downward pressure, but the overall trend remains stable.
Fibonacci Levels: The Fibonacci pivot point is at $19.50, with resistance levels at $19.95 and $20.23. These levels will be critical in determining the stock's movement next week.
Conclusion:
Based on the analysis, CODI is expected to trade between $19.50 and $20.23 next week. The stock is likely to face resistance at $20.23, which may limit its upside potential. Given the mixed technical indicators and the approaching resistance level, it is recommended to sell CODI if it approaches the resistance level or to hold if you already own it.
The predicted price range for CODI next week is $19.50 to $20.23.
CODI Similar Chart Price Prediction
The price of CODI is predicted to go up 50.94%, based on the high correlation periods with QNRX. The similarity of these two price pattern on the periods is 94.77%.
CODI
QNRX
Up: 50.94%Similarity: 94.77%
CODI Revenue Forecast
CODI EPS Forecast
CODI FAQs
What is CODI revenue forecast for next quarter？
CODI Analyst's Forecast
Lance Vitanza
TD Cowen
Strong Buy
2024-11-27
Price Target
$34
Upside
+43.82%
TD Cowen initiated coverage of Compass Diversified with a Buy rating and $34 price target. Compass is a "novel type of company" that offers shareholders an opportunity to own a portfolio of actively managed businesses "with compelling attributes," the analyst tells investors in a research note. The firm says the company's advantages include diversification, flexibility to transact at optimal times, favorable cost of debt, and permanent equity capital. TD sees strong earnings growth and multiple expansion as "dual drivers" for the shares.
