Custom Truck One Source Inc. (NYSE:CTOS) went down by -6.39% from its latest closing price compared to the recent 1-year high of $11.36. The company’s stock price has collected -17.69% of loss in the last five trading sessions. Press Release reported on 11/17/21 that Custom Truck Announces Pricing of Secondary Offering of Common Stock
Is It Worth Investing in Custom Truck One Source Inc. (NYSE :CTOS) Right Now?
Plus, the 36-month beta value for CTOS is at 0.20. Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for Custom Truck One Source Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $12.00, which is $4.09 above the current price. CTOS currently public float of 209.15M and currently shorts hold a 1.39% ratio of that float. Today, the average trading volume of CTOS was 639.25K shares.
CTOS’s Market Performance
CTOS stocks went down by -17.69% for the week, with a monthly drop of -10.42% and a quarterly performance of -0.50%, while its annual performance rate touched 74.61%. The volatility ratio for the week stands at 6.23% while the volatility levels for the past 30 days are set at 4.87% for Custom Truck One Source Inc.. The simple moving average for the period of the last 20 days is -18.97% for CTOS stocks with a simple moving average of -12.45% for the last 200 days.
Analysts’ Opinion of CTOS
Many brokerage firms have already submitted their reports for CTOS stocks, with Citigroup repeating the rating for CTOS by listing it as a “Buy.” The predicted price for CTOS in the upcoming period, according to Citigroup is $12.50 based on the research report published on June 14th of the current year 2021.
CTOS Trading at -14.69% from the 50-Day Moving Average
After a stumble in the market that brought CTOS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.37% of loss for the given period.
Volatility was left at 4.87%, however, over the last 30 days, the volatility rate increased by 6.23%, as shares sank -9.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.42% lower at present.
During the last 5 trading sessions, CTOS fell by -17.69%, which changed the moving average for the period of 200-days by -2.83% in comparison to the 20-day moving average, which settled at $9.72. In addition, Custom Truck One Source Inc. saw 7.33% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CTOS starting from Blackstone Holdings III L.P., who sale 12,322,975 shares at the price of $8.20 back on Nov 22. After this action, Blackstone Holdings III L.P. now owns 2,264 shares of Custom Truck One Source Inc., valued at $101,079,202 using the latest closing price.
Blackstone Holdings II L.P., the 10% Owner of Custom Truck One Source Inc., sale 12,322,975 shares at $8.20 during a trade that took place back on Nov 22, which means that Blackstone Holdings II L.P. is holding 2,264 shares at $101,079,202 based on the most recent closing price.
Stock Fundamentals for CTOS
Equity return is now at value -45.40, with -10.70 for asset returns.