Crown Castle Inc (NYSE: CCI)’s stock price has gone decline by -1.10 in comparison to its previous close of 96.71, however, the company has experienced a -4.53% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-04-15 that Event-driven surges are often mispriced as sustaining growth, presenting opportunities for investors. The market is skilled at pricing cyclicality but struggles to properly adjust multiples for event-driven surges. Crown Castle is currently mispriced due to a misinterpreted event-driven surge caused by the Sprint-T-Mobile merger.
Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?
Crown Castle Inc (NYSE: CCI) has a higher price-to-earnings ratio of 27.69x compared to its average ratio. CCI has 36-month beta value of 0.76. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for CCI is 432.69M, and currently, short sellers hold a 1.07% ratio of that float. The average trading volume of CCI on April 16, 2024 was 2.80M shares.
CCI’s Market Performance
The stock of Crown Castle Inc (CCI) has seen a -4.53% decrease in the past week, with a -9.93% drop in the past month, and a -15.14% fall in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 1.73% for CCI.. The simple moving average for the past 20 days is -6.57% for CCI’s stock, with a -8.74% simple moving average for the past 200 days.
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 -9.99% 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 -28.88% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -9.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.88% lower at present.
During the last 5 trading sessions, CCI fell by -4.53%, which changed the moving average for the period of 200-days by -15.79% in comparison to the 20-day moving average, which settled at $101.87. In addition, Crown Castle Inc saw -16.96% 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 10.04. The receivables turnover for the company is 2.46for trailing twelve months and the total asset turnover is 0.18.
Conclusion
To put it simply, Crown Castle Inc (CCI) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
