Crown Castle Inc (CCI) Stock: A Look at the Monthly Trend

In the past week, CCI stock has gone down by -0.65%, with a monthly decline of -7.39% and a quarterly plunge of -10.71%. The volatility ratio for the week is 1.65%, and the volatility levels for the last 30 days are 1.83% for Crown Castle Inc The simple moving average for the past 20 days is -4.20% for CCI’s stock, with a -2.39% simple moving average for the past 200 days.

Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?

The price-to-earnings ratio for Crown Castle Inc (NYSE: CCI) is above average at 29.78x. The 36-month beta value for CCI is also noteworthy at 0.74. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”

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The public float for CCI is 432.70M, and at present, short sellers hold a 1.13% of that float. The average trading volume of CCI on April 03, 2024 was 2.76M shares.

CCI) stock’s latest price update

Crown Castle Inc (NYSE: CCI) has seen a decline in its stock price by -1.35 in relation to its previous close of 104.26. However, the company has experienced a -0.65% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that In the latest trading session, Crown Castle (CCI) closed at $102.85, marking a -1.35% move from the previous day.

Analysts’ Opinion of CCI

Many brokerage firms have already submitted their reports for CCI stocks, with BMO Capital Markets repeating the rating for CCI by listing it as a “Market Perform.” The predicted price for CCI in the upcoming period, according to BMO Capital Markets is $110 based on the research report published on January 19, 2024 of the current year 2024.

HSBC Securities, on the other hand, stated in their research note that they expect to see CCI reach a price target of $110. The rating they have provided for CCI stocks is “Hold” according to the report published on December 14th, 2023.

Wells Fargo gave a rating of “Equal Weight” to CCI, setting the target price at $115 in the report published on December 05th of the previous year.

CCI Trading at -4.54% from the 50-Day Moving Average

After a stumble in the market that brought CCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.54% of loss for the given period.

Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares sank -8.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.74% lower at present.

During the last 5 trading sessions, CCI fell by -0.65%, which changed the moving average for the period of 200-days by -10.10% in comparison to the 20-day moving average, which settled at $106.87. In addition, Crown Castle Inc saw -10.71% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CCI starting from Collins Robert Sean, who sale 3,250 shares at the price of $113.49 back on Mar 05 ’24. After this action, Collins Robert Sean now owns 8,275 shares of Crown Castle Inc, valued at $368,842 using the latest closing price.

Collins Robert Sean, the Vice President and Controller of Crown Castle Inc, sale 1,500 shares at $114.16 during a trade that took place back on Dec 14 ’23, which means that Collins Robert Sean is holding 10,035 shares at $171,240 based on the most recent closing price.

Stock Fundamentals for CCI

Current profitability levels for the company are sitting at:

  • 0.34 for the present operating margin
  • 0.65 for the gross margin

The net margin for Crown Castle Inc stands at 0.22. The total capital return value is set at 0.07. Equity return is now at value 21.68, with 3.87 for asset returns.

Based on Crown Castle Inc (CCI), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 3.6. The interest coverage ratio of the stock is 2.88.

Currently, EBITDA for the company is 4.24 billion with net debt to EBITDA at 6.76. When we switch over and look at the enterprise to sales, we see a ratio of 10.49. The receivables turnover for the company is 2.46for trailing twelve months and the total asset turnover is 0.18.

Conclusion

In summary, Crown Castle Inc (CCI) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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