Already 9% down in one month: Carmila stock slides nearly 2% further
The real estate investment trust focused on shopping centers resumes its decline in a Paris market clearly oriented downward. It thus extends a slide that moves it away from its long-term averages and brings it back to a technical threshold under close watch.
A decline that brings the price to €14.24, just above its support level
After recovering nearly 2% on Tuesday, Carmila shares lose 1.93% to €14.24, while the SBF 120 falls 1.38%. The stock is approaching its support at €14.20, less than 0.3% away from the current price, and today's decline has erased yesterday's rebound, especially as the price remains 4.24% below its 20-day moving average at €14.87. The RSI at 31 confirms the selling pressure accumulated over recent weeks. Over one month, losses reach 9.07%, and the stock remains 14.11% below its 200-day moving average at €16.58.
A valuation of 7.6 times earnings in a tight bond market
According to the consensus of analysts surveyed, the stock is valued at approximately 7.6 times current fiscal year earnings and 7.3 times the following year's earnings, with earnings per share growth expected at 3.7%. This discount is occurring in a market where the yield on the 10-year OAT stands at 4.83% (Bank of France assessment of October 7), 1.34 points above the Bund. The French rate has gained 64 basis points in one month, a movement closely followed by real estate stocks. On the shareholder side, the €10 million share buyback program announced on April 23 represents 0.5% of market capitalization.
