One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Cadre Holdings Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Cadre Holdings Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Cadre Holdings Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Cadre Holdings Inc (CDRE)

Before we jump into Cadre Holdings Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cadre Holdings, Inc. is primarily engaged in the manufacturing and distribution of safety and survivability products for first responders. The Company's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. It sells a range of products, including body armor, explosive ordnance disposal equipment and duty gear through both direct and indirect channels. Its body armor products include concealable, corrections and tactical armor, which provide varying levels of protection against ballistic or sharp instrument threats. In addition, through its owned distribution, it serves as a one-stop shop for first responders providing equipment it manufactures, as well as third-party products, including uniforms, optics, boots, firearms and ammunition. It also provides light sticks, chemi-luminescent ammunition, and infra-red devices. Its key brands include Safariland and Med-Eng.

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Cadre Holdings Inc’s Stock Price as of Market Close

As of June 06, 2023, 4:00 PM CST, Cadre Holdings Inc’s stock price was $19.39.

Cadre Holdings Inc is down 10.89% from its previous closing price of $21.76.

During the last market session, Cadre Holdings Inc’s stock traded between $21.62 and $21.99. Currently, there are 37.37 million shares of Cadre Holdings Inc stock available for purchase.

Cadre Holdings Inc’s price-earnings (P/E) ratio is currently at 35.2, which is high compared to the Aerospace & Defense industry median of 20.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cadre Holdings Inc Stock Price History

Cadre Holdings Inc’s (CDRE) price is currently down 7.22% so far this month.

During the month of June, Cadre Holdings Inc’s stock price has reached a high of $22.29 and a low of $19.13.

Over the last year, Cadre Holdings Inc has hit prices as high as $31.50 and as low as $16.58. Year to date, Cadre Holdings Inc’s stock is down 23.72%.

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What Caused Cadre Holdings Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 05, 2023, there were 5 analysts who downgraded Cadre Holdings Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Cadre Holdings Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Cadre Holdings Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cadre Holdings Inc (CDRE) by visiting AAII Stock Evaluator.

Relative Price Strength of Cadre Holdings Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of June 05, 2023, Cadre Holdings Inc has a weighted four-quarter relative price strength of -5.97%, which translates to a Momentum Score of 46 and is considered to be Average.

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Cadre Holdings Inc Stock Price: Bottom Line

As of June 6, 2023, Cadre Holdings Inc’s stock price is $19.39, which is down 10.89% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Cadre Holdings Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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