The stock of Crown Castle Inc (NYSE: CCI) has increased by 1.86 when compared to last closing price of 93.58. Despite this, the company has experienced a 0.25% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-29 that You may have heard whispers that Warren Buffett has a secret portfolio outside of Berkshire Hathaway (NYSE: BRK-A, NYSE: BRK-B ). This lesser-known holding company is called New England Asset Management, where Buffett oversees a relatively small but intriguing collection of investments.
Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?
Crown Castle Inc (NYSE: CCI) has a price-to-earnings ratio of 29.78x that is above its average ratio. Additionally, the 36-month beta value for CCI is 0.77. 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.”
The public float for CCI is 432.69M and currently, short sellers hold a 1.19% ratio of that float. The average trading volume of CCI on April 30, 2024 was 2.82M shares.
CCI’s Market Performance
CCI stock saw a decrease of 0.25% in the past week, with a monthly decline of -9.93% and a quarterly a decrease of -12.51%. The volatility ratio for the week is 1.67%, and the volatility levels for the last 30 days are 1.93% for Crown Castle Inc (CCI). The simple moving average for the past 20 days is -2.29% for CCI’s stock, with a -8.14% simple moving average for the past 200 days.
Analysts’ Opinion of CCI
BMO Capital Markets, on the other hand, stated in their research note that they expect to see CCI reach a price target of $110, previously predicting the price at $107. The rating they have provided for CCI stocks is “Market Perform” according to the report published on January 19th, 2024.
HSBC Securities gave a rating of “Hold” to CCI, setting the target price at $110 in the report published on December 14th of the previous year.
CCI Trading at -8.08% 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 -23.00% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -8.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.73% lower at present.
During the last 5 trading sessions, CCI rose by +0.25%, which changed the moving average for the period of 200-days by -17.38% in comparison to the 20-day moving average, which settled at $97.11. In addition, Crown Castle Inc saw -17.25% 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
- 0.59 for the gross margin
The net margin for Crown Castle Inc stands at 0.2. The total capital return value is set at 0.06. Equity return is now at value 20.98, with 3.60 for asset returns.
Based on Crown Castle Inc (CCI), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 4.82. The interest coverage ratio of the stock is 5.68.
Currently, EBITDA for the company is 4.24 billion with net debt to EBITDA at 6.92. When we switch over and look at the enterprise to sales, we see a ratio of 10.26. The receivables turnover for the company is 2.45for trailing twelve months and the total asset turnover is 0.18.
Conclusion
In conclusion, Crown Castle Inc (CCI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
