Cross Timbers Royalty Trust (NYSE: CRT) stock price rose 9.26% in the last week. The 1-year price performance further supported CRT stock with a 28.79% increase. However, the weekly price performance of CRT stock opposed its 1-month and 6-months price performance. In 1-month, the stock dropped 2.41%, while in 6-months the decline is over 19%.
Moreover, since the beginning of this year, the bearish trend continued in the stock which showed over 15% drop in year-to-date (YTD) price analysis.
According to Yahoo Finance, the US-based business news platform, Captrust Financial Advisors, Mraz, Amerine & Associates Inc., and NewEdge Advisors LLC are the three leading institutional holders of Cross Timbers Royalty Trust.
As per the aforementioned chart, not only are CRT shares showing over 9% price gain, there are some other similar industry stocks that show almost similar weekly price gains.
Invesco KBW Regional Banking ETF (NASDAQ: KBWR), Teucrium Wheat Fund (NYSEARCA: WEAT), Direxion Daily Transportation Bull 3X Shares (NYSEARCA: TPOR), and SPDR S&P Bank ETF (NYSEARCA: KBE) are the stocks which showed more than 9% weekly price rise.
CRT Stock Price Analysis
On July 24, 2023, Monday morning, Cross Timbers Royalty Trust (NYSE: CRT) stock opened at $21.39, added $0.37, and closed at $21.47. In the intraday session, CRT stock rose $22.20 by giving a 1-day high, whereas a 1-day low was $21.20, as per the data sourced from TradingView, a web-based social network for traders.
As the above price chart shows, the recent bullish trend took CRT stock price near its 100-day moving average. The closing price further showed a bullish trend with the dominance of active bulls in the market. Although, this small push from the active bulls seems like making an upside trend in its RSI.
The Fundamentals of Cross Timbers Royalty Trust
Cross Timbers Royalty Trust (NYSE: CRT), a US-based trust, has a market cap of nearly $128.82 Million. According to its Q1 2023 report, the total revenue of CRT is $3.93 Million, which is 32.37% higher as compared to the previous quarter. Notably, the net income in the quarter is $3.64 Million.
Moreover, CRT dividends are paid monthly while the next dividend per share is expected to be $0.19. At press time, the Dividend Yield (TTM)% is 10.41%.
Last year, the U.S. made the greatest contribution to the revenue figure of Cross Timbers Royalty Trust. With this revenue contribution, the US-based trust reached $12.51 Million.
Disclaimer
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/07/25/crt-stock-showed-bullish-trend-in-weekly-price-analysis/