The volatility ratio for the week is 4.34%, and the volatility levels for the past 30 days are 4.36% for CTRI. The simple moving average for the past 20 days is 4.08% for CTRI’s stock, with a 5.12% simple moving average for the past 200 days.
Is It Worth Investing in Centuri Holdings Inc. (NYSE: CTRI) Right Now?
Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CTRI is 15.17M, and at present, short sellers hold a 8.30% of that float. On May 27, 2024, the average trading volume of CTRI was 922.45K shares.
CTRI) stock’s latest price update
Centuri Holdings Inc. (NYSE: CTRI) has experienced a rise in its stock price by 4.43 compared to its previous closing price of 25.28. However, the company has seen a fall of -1.38% in its stock price over the last five trading days. prnewswire.com reported 2024-05-08 that Delivers Strong First Quarter Utility Earnings Positive Nevada Rate Case Outcome Centuri IPO Successfully Executed; Net Proceeds Used to Reduce Centuri Debt LAS VEGAS, May 8, 2024 /PRNewswire/ — Southwest Gas Holdings, Inc. (NYSE: SWX) (“Southwest Gas” or “Company”) today reported first quarter 2024 consolidated net income of $87.7 million, or $1.22 per diluted share, and adjusted consolidated net income of $98.5 million, or $1.37 per diluted share. These results compared to consolidated net income of $45.9 million, or $0.67 per diluted share, and adjusted consolidated earnings of $121 million, or $1.77 per diluted share for the first quarter of 2023.
Analysts’ Opinion of CTRI
Many brokerage firms have already submitted their reports for CTRI stocks, with Wells Fargo repeating the rating for CTRI by listing it as a “Overweight.” The predicted price for CTRI in the upcoming period, according to Wells Fargo is $29 based on the research report published on May 13, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CTRI reach a price target of $30. The rating they have provided for CTRI stocks is “Buy” according to the report published on May 13th, 2024.
Robert W. Baird gave a rating of “Outperform” to CTRI, setting the target price at $30 in the report published on May 13th of the current year.
CTRI Trading at 5.12% 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 -5.41% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares surge +5.35% for the moving average over the last 20 days.
During the last 5 trading sessions, CTRI fell by -1.38%, in comparison to the 20-day moving average, which settled at $25.43. In addition, Centuri Holdings Inc. saw 14.14% 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.
Stock Fundamentals for CTRI
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
To sum up, Centuri Holdings Inc. (CTRI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
