ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for tools Level up your trading with our powerful tools and real-time insights all in one place.
Cadiz Inc

Cadiz Inc (CDZI)

3.688
0.008
( 0.22% )
Updated: 14:23:18

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
3.688
Bid
3.68
Ask
3.70
Volume
108,041
3.66 Day's Range 3.84
2.1201 52 Week Range 4.30
Market Cap
Previous Close
3.68
Open
3.66
Last Trade
8
@
3.7
Last Trade Time
14:25:16
Financial Volume
$ 404,090
VWAP
3.7402
Average Volume (3m)
158,501
Shares Outstanding
67,793,609
Dividend Yield
-
PE Ratio
-6.86
Earnings Per Share (EPS)
-0.54
Revenue
1.99M
Net Profit
-36.55M

About Cadiz Inc

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Co... Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. Show more

Sector
Water Supply
Industry
Water Supply
Headquarters
Wilmington, Delaware, USA
Founded
1970
Cadiz Inc is listed in the Water Supply sector of the NASDAQ with ticker CDZI. The last closing price for Cadiz was $3.68. Over the last year, Cadiz shares have traded in a share price range of $ 2.1201 to $ 4.30.

Cadiz currently has 67,793,609 shares outstanding. The market capitalization of Cadiz is $249.48 million. Cadiz has a price to earnings ratio (PE ratio) of -6.86.

CDZI Latest News

Cadiz's ATEC Water Systems Secures Three New Sales Contracts Expected to Add $1.5 million in 2024 Revenues

Cadiz's ATEC Water Systems Secures Three New Sales Contracts Expected to Add $1.5 million in 2024 Revenues PR Newswire LOS ANGELES, July 18, 2024 Filters will provide iron and manganese treatment...

Cadiz Inc. Declares Quarterly Dividend for Q2 2024 on Series A Cumulative Perpetual Preferred Stock

Cadiz Inc. Declares Quarterly Dividend for Q2 2024 on Series A Cumulative Perpetual Preferred Stock PR Newswire LOS ANGELES, June 24, 2024 LOS ANGELES, June 24, 2024 /PRNewswire/ -- Cadiz, Inc...

Cadiz Signs Northern Pipeline Delivery Agreement with Santa Margarita Water District

Cadiz Signs Northern Pipeline Delivery Agreement with Santa Margarita Water District PR Newswire LOS ANGELES, June 20, 2024 SMWD, Cadiz sign agreement for 5,000 AFY of water via Northern Pipeline...

Cadiz Signs LOI with City of Hesperia for Water Supply

Cadiz Signs LOI with City of Hesperia for Water Supply PR Newswire LOS ANGELES and HESPERIA, Calif., June 10, 2024 75,000 acre-feet of water supply will support sustainable growth and groundwater...

Cadiz Provides B. Riley Institutional Investor Conference Recap

Cadiz Provides B. Riley Institutional Investor Conference Recap PR Newswire LOS ANGELES, May 30, 2024 CEO & Chairman Discusses Goal to Pursue Financing Structures, Move Project Development...

Cadiz Posts Chairman and CEO Susan Kennedy's Webcast from Green Economy Conference VerdeXchange 2024

Cadiz Posts Chairman and CEO Susan Kennedy's Webcast from Green Economy Conference VerdeXchange 2024 PR Newswire LOS ANGELES, May 23, 2024 Kennedy's Presentation "Water Resiliency at Scale...

Cadiz Posts Inaugural Corporate Overview Investor Call Materials to Investor Relations Website

Cadiz Posts Inaugural Corporate Overview Investor Call Materials to Investor Relations Website PR Newswire LOS ANGELES, May 17, 2024 LOS ANGELES, May 17, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ:...

Cadiz Subsidiary ATEC Water Systems Awarded $5.2 Million Contract, Increases ATEC 2024 Revenue Forecast to $15 Million from $12 Million

Cadiz Subsidiary ATEC Water Systems Awarded $5.2 Million Contract, Increases ATEC 2024 Revenue Forecast to $15 Million from $12 Million PR Newswire LOS ANGELES, May 13, 2024 Award Represents...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.1885.371428571433.53.843.451641713.70828951CS
40.63820.91803278693.053.842.9981407723.43671871CS
121.42863.1858407082.263.842.241585013.01394435CS
260.89832.18637992832.793.842.12011814872.77825867CS
52-0.402-9.828850855754.094.32.12011995773.09365452CS
156-9.922-72.90227773713.6114.691.482906824.49834233CS
260-6.822-64.909609895310.5114.691.482469156.4600465CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
DCAPUnity Wealth Partners Dynamic Capital Appreciation & Options ETF
 20.10
(839.25%)
128.77k
RGCRegencell Bioscience Holdings Ltd
$ 22.20
(558.75%)
747.84k
SLRXSalarius Pharmaceuticals Inc
$ 2.85
(85.06%)
57.5M
CJETChijet Motor Company Inc
$ 6.03
(84.40%)
860.3k
ATPCAgape ATP Corporation
$ 0.234
(63.64%)
102.85M
FLYEFly E Group Inc
$ 1.2501
(-80.41%)
17.05M
RNAZTransCode Therapeutics Inc
$ 0.2999
(-62.16%)
8.05M
JAGXJaguar Health Inc
$ 1.705
(-60.07%)
14.25M
MIRAMIRA Pharmaceuticals Inc
$ 2.7073
(-45.96%)
23.8M
IVPInspire Veterinary Partners Inc
$ 6.4899
(-29.76%)
1.12M
SPWRSunPower Corporation
$ 1.095
(52.98%)
163.65M
ADILAdial Pharmaceuticals Inc
$ 1.44
(35.85%)
156.3M
SLNASelina Hospitality PLC
$ 0.02675
(-27.70%)
135.27M
NVDANVIDIA Corporation
$ 122.557
(-0.80%)
123.95M
ATPCAgape ATP Corporation
$ 0.234
(63.64%)
102.85M

CDZI Discussion

View Posts
romad118 romad118 2 months ago
some people are going to miss this epic run from a water utility stock. check the chart from july - august 2022.
👍️0
romad118 romad118 2 months ago
Its a turn around story. Time to load up.
👍️0
@LaughinPaulRyan @LaughinPaulRyan 1 year ago
… CADIZ PLEASE … $CDZI #LootWallStreet

LOS ANGELES, April 6, 2023 /PRNewswire/ -- Today, Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company"), a clean water solutions company, announced that it completed construction of three new groundwater wells at the Cadiz Ranch increasing the wellfield to 12 production wells with an annual capacity of 36,000 acre-feet of water per year (AFY). With the new wells online, the Cadiz Ranch wellfield will have sufficient capacity to deliver the full volume of the Company's Northern Pipeline, or 25,000 AFY, and also continue to support current agricultural operations at the Cadiz Ranch.

"Our mission is to deliver clean, reliable and affordable water to people," said Susan Kennedy, Executive Chair of Cadiz. "Our wellfield and infrastructure will provide both reliable new supply during extreme drought periods and underground storage during extreme wet periods."

The Cadiz wellfield at the Ranch captures groundwater that would otherwise be lost to evaporation from the base of a significant Mojave Desert watershed for agricultural irrigation. The Cadiz Ranch farming operation follows a sustainable groundwater management plan that has been administered by the County of San Bernardino since 1993. In 2012, the County also approved permits for the Cadiz Water Conservation and Storage Project that authorizes conservation of 50,000 acre-feet per year for beneficial supply uses in communities in Southern California. The project also offers one million acre-feet of storage capacity for imported surplus water in wet years.

In late March, the Salton Sea Authority Board of Directors voted to approve a four-party contract with Cadiz, the Coachella Valley Water District ("CVWD") and the Torres Martinez Desert Cahuilla Indians securing 5,000 acre-feet per year of water supply from Cadiz to support restoration of the Salton Sea and health, safety, and economic development on Tribal lands and in disadvantaged communities in eastern Coachella Valley, once the Project pipelines are operational. In February, CVWD also approved the contract.

"Despite recent rains, the Colorado River system remains under pressure with long-term projections of shortage that will alter reliable deliveries to all of Southern California" said Scott Slater, Cadiz CEO. "We are happy to be able to contribute to solutions for communities affected by these systemic changes."
👍️0
wickerman wickerman 3 years ago
$CDZI insane drop on no news but seems manipulated
👍️0
@LaughinPaulRyan @LaughinPaulRyan 3 years ago
… we bought the dip with 25% of our portfolio … $CDZI #LootWallStreet
👍️0
Professor Fractal Professor Fractal 6 years ago
Public market valuation is pure water hype.

Discounted cash flow valuation is less than $8 per share.

Apollo convertible notes priced at $6.75, "smart money"

Stock currently trading at over $11.00 per share.

Finally SB 120 passes and Cadiz Water Project has line of sight to construction! But wait the stock price didn't rebound after the passage? Why not? What's going on here? Who is manipulating the stock? And what's the project fundamentally worth?
The Cadiz Water Project could now be, hypothetically, built in approximately 18-months costing ~$200-275M and financed by Apollo. When the project is built CDZI will finally be able to sell 50,000 acre feet of water per year at a price of $639-$1089 per acre foot and plans to realize net operating income of $500-$600 per acre foot year with contracts written to escalate at 3% per year. Assuming the project is built in 18-months:

2020: 50,000 AFY x $550 AF = $27,500,000 in net operating income
2021: $28,325,000 net operating income
2022: $29,174,750 net operating income
etc. for perpetuity lets say and assume they continue to operate forever...now how do we value this free cash flow?

Easy as a perpetual annuity payment since we expect these contracted cash flows to continue forever. (though the project is planned for 40-years, we expect it could operate till the watershed runs out of water).
$27,500,000/Discount rate = Free Cash Flow to Cadiz
Now what is the appropriate discount rate? Well the company debt financing to date is at least 7-8% and equity typically costs more (10% is the Warren Buffet general discount rate) but lets be generous, subtract escalation and round it so the total cost of capital for Cadiz is only 7% so:

$27,500,000/7% = $589M PV free cash flow to Cadiz! Now we know the project will cost money to build ~$250M and holds $63M in debt so we have to pay that off before we can claim money as shareholders. This means

$589-$250-$63 = $276M in equity value remaining.

So $276M/shares outstanding or 276,000,000/22,200,000 = $12 per share! But wait we still need to handle the convertibles... Now since Apollo holds convertibles at $6.75 we can assume that they will convert these bonds into stock causing an additional 12,700,000 shares to be issued that means that the fully diluted shares outstanding is 34,900,000...
But $276,000,000/34,900,000 = $7.91 per share WTF!!?!?! How can we be waiting all these years for this project and the stock be trading for more than the project is actually worth once built??? Well Apollo clearly knew what was going on and price their convertibles under fair value...

Of course while SB 120 passed, the project also still needs to finalize proposals with the Metropolitan Water District which represents coastal Southern California counties from San Diego to Los Angeles and there have been accusations of bribery and corruption overhanging contracting. And the project needs to clear the State Land Commission which is holding hearings to review the project's planned use for State Lands. These lands are leased for rail road use and Cadiz plans to sublease the lands for water pipeline construction. So hopefully, maybe, the project gets built by the end of 2019 or more likely 2020 so we will have to continue waiting....

Since just over 50% of the project is institutionally held, it seems like retail money is left holding the bag on this much hyped and contested water project. Sadly Cadiz seems like another much hyped story stock that caught retail investors in a value trap.

👍️0
TheFinalCD TheFinalCD 7 years ago
SMART
👍️0
TheFinalCD TheFinalCD 7 years ago
DOUBLE BOOM
👍️0
LongTrader718 LongTrader718 7 years ago
What goes up will come down.
Time to take a short position
At the top.
👍️0
TradeSmart.ai TradeSmart.ai 7 years ago
Woah!!! What's going on here?
👍️0
realfast95 realfast95 7 years ago
Open Outcrier ?@OpenOutcrier 25m25 minutes ago

$CDZI on on highs (has project #15 on Trumps rumored infrastructure list)


https://www.documentcloud.org/documents/3409546-Emergency-NatSec50Projects-121416-1-Reduced.html
👍️0
realfast95 realfast95 7 years ago
Quoth the Raven ?@QTRResearch 8m8 minutes ago

From a friend on $CDZI: "Over 3 million shares short and 17 days to cover based on average volume. Could be a face ripper."
👍️0
stocktrademan stocktrademan 8 years ago
CDZI bullish 7.03




👍️0
stocktrademan stocktrademan 8 years ago
CDZI bullish 5.90

👍️0
PAC PAC 9 years ago
CDZI 5.9 BOOOOM
👍️0
PAC PAC 9 years ago
CDZI 5.26 holding up well in market rout past two days . News of contracts last week. Likely more upside $7+
👍️0
Jack30 Jack30 9 years ago
http://smwd.com/news/press-releases/press-releases-archive/2011-10-20.html
👍️0
THOR THOR 9 years ago
Agree it's going back up !!
👍️0
magness magness 9 years ago
I think that's the bottom of that pullback----> now other way! Strongly bullish! What do you think guys?
👍️0
514 514 9 years ago
Nice day here !! Sold 3/4 am spike

Sold rest mid day :(

TANH got spanked lol will have a bounce oo
👍️0
@LiftedCapital @LiftedCapital 9 years ago
I SOLD TO EARLY!!! IT IS A CAUSE OF SELF DOUBT!!! WONT EVER HAPPEN AGAIN!!! I AM THE BEST!!! THIS WAS AN EXCELLENT BETA TEST FOR ME!!!

GO CDZI GO
👍️0
DilutionDan DilutionDan 9 years ago
KABOOMAGE! Easy peazy lemon squeezy.
👍️0
magness magness 9 years ago
Looks good over 3.30 for a squeeze higher
👍️0
@LiftedCapital @LiftedCapital 9 years ago
FOR THE RECORD IM OUT ON MORNING POP TY ALL
👍️0
@LiftedCapital @LiftedCapital 9 years ago
WEEEEEEEEEEEE CDZI JUST CUZ
👍️0
blindjohn blindjohn 9 years ago
Ah Jeah. For shizzle
👍️0
@LiftedCapital @LiftedCapital 9 years ago
$CDZI SETTING UP FOR MASSIVE GAINS HERE ...
👍️0
secrethandshake secrethandshake 9 years ago
ahhh good to see some life here...hey everyone ! CDZI on the move \m/
👍️0
@LiftedCapital @LiftedCapital 9 years ago
CHICKEN SKIN MOMENT!!!

CDZI FTW
👍️0
514 514 9 years ago
Lol
👍️0
DilutionDan DilutionDan 9 years ago
Yeah, that 160 share whackadoodle there after hours gave me a warm fuzzy feeling inside.
👍️0
@LiftedCapital @LiftedCapital 9 years ago
LOL I LOVE AFTER HOURS SLAPSTERS
👍️0
blindjohn blindjohn 9 years ago
$3.40 after hours. Hope to see $4.00 tomorrow!
👍️0
blindjohn blindjohn 9 years ago
Boom Boom! Bitch assss motha fuckn shorts gonna get whacked tomorree
👍️0
514 514 9 years ago
all good in da hood
👍️0
blindjohn blindjohn 9 years ago
One stock at a time for me, so I like watch one and 5 minute chart all day and commentate
👍️0
514 514 9 years ago
Yea lol

Who cares u pay diz forum for that
👍️0
blindjohn blindjohn 9 years ago
Nice yea I post too much lol
👍️0
514 514 9 years ago
record volume / bullish engulfing / +10% / dip recovery

ill take it
👍️0
blindjohn blindjohn 9 years ago
Let's see a string close
👍️0
blindjohn blindjohn 9 years ago
Huge bid whack3r haha
👍️0
blindjohn blindjohn 9 years ago
Let's see a big slap over $3.20 ... $3.30 +close would be schweet
👍️0
blindjohn blindjohn 9 years ago
Yes big time correction upppp
👍️0
@LiftedCapital @LiftedCapital 9 years ago
OBVIOUS INTRADAY CORRECTION COMING
👍️0
blindjohn blindjohn 9 years ago
May see a sudden spike up soon. If it crosses $3.19 it'll be good
👍️0
@LiftedCapital @LiftedCapital 9 years ago
YUP BID WHACKING IS RAMPID HERE!!! IM IN @ $2.84 AND HOLDING FOR REVERSAL!!!
👍️0
blindjohn blindjohn 9 years ago
Damn , that's crappy man. I think it'll try again soon.
👍️0
DilutionDan DilutionDan 9 years ago
I'm new here. Just got in this morning 1100 @3.16 I'm no expert but there seems to be a bit of whacking going on here to keep it on the downside imo. I wanted to get out around 3.30 but my boss walked up as I was trying to set my sell order, lol. I hate it when that happens!
👍️0
blindjohn blindjohn 9 years ago
Volume dried up for lunch breaks
👍️0
blindjohn blindjohn 9 years ago
Yes sir. Just getting started here
👍️0

Your Recent History

Delayed Upgrade Clock