Centuri Holdings Inc. (NYSE: CTRI)’s stock price has plunge by 1.63relation to previous closing price of 24.61. Seeking Alpha reported 2024-04-21 that Centuri Holdings has had a strong public debut, with shares extending gains after the offering. The company is a leader in utility infrastructure services and has a long track record and strong growth prospects. However, recent revenue declines and leverage concerns make me cautious about getting involved with the stock.
Is It Worth Investing in Centuri Holdings Inc. (NYSE: CTRI) Right Now?
CTRI currently public float of 14.99M.The average trading volume for CTRI on April 25, 2024 was 3.18M shares.
CTRI’s Market Performance
The simple moving average for the last 20 days is 4.22% for CTRI stock, with a simple moving average of 4.22% for the last 200 days.
CTRI Trading at 4.22% from the 50-Day Moving Average
After a stumble in the market that brought CTRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.64% of loss for the given period.
During the last 5 trading sessions, CTRI rose by +8.13%, in comparison to the 20-day moving average. In addition, Centuri Holdings Inc. saw 8.13% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTRI starting from MARIUCCI ANNE L, who purchase 71,400 shares at the price of $21.00 back on Apr 22 ’24. After this action, MARIUCCI ANNE L now owns 71,400 shares of Centuri Holdings Inc., valued at $1,499,400 using the latest closing price.
Fehrman William, the Chief Executive Officer of Centuri Holdings Inc., purchase 25,000 shares at $21.00 during a trade that took place back on Apr 22 ’24, which means that Fehrman William is holding 25,000 shares at $525,000 based on the most recent closing price.
Conclusion
In conclusion, Centuri Holdings Inc. (CTRI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
