Crown Holdings Inc. (NYSE:CCK) went down by -3.85% from its latest closing price compared to the recent 1-year high of $130.42. The company’s stock price has collected -13.52% of loss in the last five trading sessions. The Wall Street Journal reported on 04/20/21 that Kansas City Southern, IBM, United Airlines: What to Watch When the Stock Market Opens Today
Is It Worth Investing in Crown Holdings Inc. (NYSE :CCK) Right Now?
Plus, the 36-month beta value for CCK is at 1.14. Opinions of the stock are interesting as 12 analysts out of 19 who provided ratings for Crown Holdings Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $122.06, which is $37.79 above the current price. CCK currently public float of 119.02M and currently shorts hold a 2.74% ratio of that float. Today, the average trading volume of CCK was 1.27M shares.
CCK’s Market Performance
CCK stocks went down by -13.52% for the week, with a monthly drop of -12.49% and a quarterly performance of -5.93%, while its annual performance rate touched -19.79%. The volatility ratio for the week stands at 4.16% while the volatility levels for the past 30 days are set at 2.95% for Crown Holdings Inc. The simple moving average for the period of the last 20 days is -10.72% for CCK stocks with a simple moving average of -21.19% for the last 200 days.
Analysts’ Opinion of CCK
Many brokerage firms have already submitted their reports for CCK stocks, with UBS repeating the rating for CCK by listing it as a “Neutral.” The predicted price for CCK in the upcoming period, according to UBS is $105 based on the research report published on September 15th of the current year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see CCK reach a price target of $110, previously predicting the price at $150. The rating they have provided for CCK stocks is “Equal Weight” according to the report published on June 09th, 2022.
BMO Capital Markets gave a rating of “Outperform” to CCK, setting the target price at $140 in the report published on February 10th of the current year.
CCK Trading at -11.55% from the 50-Day Moving Average
After a stumble in the market that brought CCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.39% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -13.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.65% lower at present.
During the last 5 trading sessions, CCK fell by -13.52%, which changed the moving average for the period of 200-days by -22.02% in comparison to the 20-day moving average, which settled at $93.71. In addition, Crown Holdings Inc. saw -23.82% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CCK starting from Kalaus Christy L., who sale 500 shares at the price of $93.90 back on Sep 08. After this action, Kalaus Christy L. now owns 4,894 shares of Crown Holdings Inc., valued at $46,950 using the latest closing price.
NOVAES DJALMA JR, the President – Americas Division of Crown Holdings Inc., sale 5,000 shares at $105.38 during a trade that took place back on May 31, which means that NOVAES DJALMA JR is holding 80,328 shares at $526,900 based on the most recent closing price.
Stock Fundamentals for CCK
Current profitability levels for the company are sitting at:
- +10.89 for the present operating margin
- +15.98 for the gross margin
The net margin for Crown Holdings Inc. stands at -4.43. Equity return is now at value -19.60, with -2.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.