Consumer Portfolio Services, Inc. (CPSS)’s Wedge Down Chart Pattern Points to Higher Stock Risks

July 17, 2017 - By Clifton Ray

Investors sentiment increased to 1.33 in Q4 2016. Its up 0.58, from 0.75 in 2016Q3. It increased, as 4 investors sold Consumer Portfolio Services, Inc. shares while 14 reduced holdings. 7 funds opened positions while 17 raised stakes. 11.01 million shares or 0.61% more from 10.94 million shares in 2016Q3 were reported.
Blackrock Investment Mgmt Lc holds 3,444 shares. Vanguard Group Inc reported 732,473 shares stake. Sweden-based Nordea Management Ab has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Savings Bank Of America De accumulated 29,560 shares or 0% of the stock. 31,774 were reported by Susquehanna Grp Ltd Liability Partnership. Cornerstone Inv Partners Limited accumulated 30,000 shares or 0.01% of the stock. Blackrock Advisors Limited Liability Corp holds 0% or 239,941 shares in its portfolio. Deutsche Bank Ag reported 3,327 shares or 0% of all its holdings. Group One Trading Lp reported 0% stake. Spark Invest Management Limited Liability Co invested in 40,200 shares or 0.02% of the stock. Northern holds 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) or 41,497 shares. 400 were accumulated by Prelude Cap Mgmt Limited Liability Co. Denali Advisors Ltd Liability Company reported 550 shares stake. California Pub Employees Retirement Sys has invested 0% of its portfolio in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Blackrock Institutional Na holds 1.06M shares or 0% of its portfolio.

Since March 2, 2017, it had 0 buys, and 7 sales for $345,359 activity. ROBERTS WILLIAM B sold $52,700 worth of stock. 21,120 shares were sold by POWELL CURTIS K, worth $112,884 on Thursday, March 9. Another trade for 10,000 shares valued at $52,853 was made by CREATURA MARK on Wednesday, March 8.

The stock of Consumer Portfolio Services, Inc. (CPSS) formed a down wedge with $4.26 target or 9.00 % below today’s $4.68 share price. The 6 months wedge indicates high risk for the $105.77M company. If the $4.26 price target is reached, the company will be worth $9.52 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 38,237 shares traded. Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has risen 24.05% since July 17, 2016 and is uptrending. It has outperformed by 7.35% the S&P500.

Investors wait Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.18 earnings per share, down $0.07 or 28.00 % from last year’s $0.25 same quarter earnings. This translates into $4.07 million profit for CPSS giving the stock a 6.50 P/E. This is assuming the current $0.18 EPS is accurate. Consumer Portfolio Services, Inc.’s Wall Street analysts see 12.50 % EPS growth, taking into account the $0.16 EPS reproted in the previous quarter,

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Ratings Coverage

Among 3 analysts covering Consumer Portfolio Services (NASDAQ:CPSS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Consumer Portfolio Services had 3 analyst reports since February 25, 2016 according to SRatingsIntel. The stock has “Market Perform” rating by JMP Securities on Wednesday, March 16. Jefferies maintained the shares of CPSS in report on Thursday, June 15 with “Buy” rating. The stock of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) earned “Neutral” rating by Compass Point on Thursday, February 25.

More notable recent Consumer Portfolio Services, Inc. (NASDAQ:CPSS) news were published by: Globenewswire.com which released: “CPS Announces $206.3 Million Senior Subordinate Asset-Backed Securitization” on January 18, 2017, also Seekingalpha.com with their article: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q4 2016 Results …” published on February 16, 2017, Seekingalpha.com published: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q3 2016 Results …” on October 18, 2016. More interesting news about Consumer Portfolio Services, Inc. (NASDAQ:CPSS) were released by: Seekingalpha.com and their article: “Consumer Portfolio Services, Inc. – Value In An Expensive Market” published on March 14, 2017 as well as Seekingalpha.com‘s news article titled: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q1 2017 Results …” with publication date: April 21, 2017.

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