The stock price of Custom Truck One Source Inc (NYSE: CTOS) has dropped by -2.85 compared to previous close of 5.97. Despite this, the company has seen a gain of 0.87% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-07 that Custom Truck One Source, Inc. (CTOS) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.15 per share a year ago.
Is It Worth Investing in Custom Truck One Source Inc (NYSE: CTOS) Right Now?
Custom Truck One Source Inc (NYSE: CTOS) has a price-to-earnings ratio that is above its average at 28.02x. The stock has a 36-month beta value of 0.66. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTOS is 56.98M, and at present, short sellers hold a 2.36% of that float. On April 05, 2024, the average trading volume of CTOS was 488.10K shares.
CTOS’s Market Performance
CTOS stock saw a decrease of 0.87% in the past week, with a monthly decline of -6.00% and a quarterly a decrease of -4.61%. The volatility ratio for the week is 4.96%, and the volatility levels for the last 30 days are 4.40% for Custom Truck One Source Inc (CTOS). The simple moving average for the last 20 days is 3.76% for CTOS’s stock, with a simple moving average of -7.39% for the last 200 days.
Analysts’ Opinion of CTOS
Many brokerage firms have already submitted their reports for CTOS stocks, with DA Davidson repeating the rating for CTOS by listing it as a “Buy.” The predicted price for CTOS in the upcoming period, according to DA Davidson is $12 based on the research report published on February 16, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see CTOS reach a price target of $7.50. The rating they have provided for CTOS stocks is “Neutral” according to the report published on December 13th, 2022.
Deutsche Bank gave a rating of “Buy” to CTOS, setting the target price at $12 in the report published on March 30th of the previous year.
CTOS Trading at -6.18% 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 -22.97% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 4.96%, as shares sank -4.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.95% lower at present.
During the last 5 trading sessions, CTOS rose by +0.87%, which changed the moving average for the period of 200-days by -18.19% in comparison to the 20-day moving average, which settled at $5.58. In addition, Custom Truck One Source Inc saw -6.15% 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 CTOS starting from McMonagle Ryan, who purchase 20,000 shares at the price of $5.17 back on Nov 14 ’23. After this action, McMonagle Ryan now owns 350,726 shares of Custom Truck One Source Inc, valued at $103,412 using the latest closing price.
Heinberg Marshall, the Director of Custom Truck One Source Inc, purchase 15,000 shares at $4.79 during a trade that took place back on Nov 10 ’23, which means that Heinberg Marshall is holding 120,000 shares at $71,912 based on the most recent closing price.
Stock Fundamentals for CTOS
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.24 for the gross margin
The net margin for Custom Truck One Source Inc stands at 0.03. The total capital return value is set at 0.07. Equity return is now at value 5.62, with 1.55 for asset returns.
Based on Custom Truck One Source Inc (CTOS), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 2.36. The interest coverage ratio of the stock is 1.33.
Currently, EBITDA for the company is 404.08 million with net debt to EBITDA at 5.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 7.58for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
To sum up, Custom Truck One Source Inc (CTOS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
