Crown Holdings, Inc. (NYSE: CCK)’s stock price has gone decline by -0.27 in comparison to its previous close of 73.22, however, the company has experienced a -5.70% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-07-03 that HOUSTON, July 03, 2024 (GLOBE NEWSWIRE) — Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) plans to release its second quarter 2024 results on Wednesday, July 17, 2024, after the market closes. In conjunction with the release, Crown Castle has scheduled a conference call for Wednesday, July 17, 2024, at 5:00 p.m. eastern time.
Is It Worth Investing in Crown Holdings, Inc. (NYSE: CCK) Right Now?
Crown Holdings, Inc. (NYSE: CCK) has a higher price-to-earnings ratio of 21.06x compared to its average ratio, The 36-month beta value for CCK is at 0.85. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for CCK is 119.62M, and currently, shorts hold a 2.28% of that float. The average trading volume for CCK on July 04, 2024 was 981.02K shares.
CCK’s Market Performance
CCK’s stock has seen a -5.70% decrease for the week, with a -12.54% drop in the past month and a -5.68% fall in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 2.05% for Crown Holdings, Inc. The simple moving average for the last 20 days is -7.06% for CCK’s stock, with a simple moving average of -11.69% for the last 200 days.
Analysts’ Opinion of CCK
Many brokerage firms have already submitted their reports for CCK stocks, with Robert W. Baird repeating the rating for CCK by listing it as a “Outperform.” The predicted price for CCK in the upcoming period, according to Robert W. Baird is $90 based on the research report published on April 16, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see CCK reach a price target of $88, previously predicting the price at $100. The rating they have provided for CCK stocks is “Hold” according to the report published on March 27th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to CCK, setting the target price at $87 in the report published on March 18th of the current year.
CCK Trading at -10.08% from the 50-Day Moving Average
After a stumble in the market that brought CCK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.21% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -11.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.60% lower at present.
During the last 5 trading sessions, CCK fell by -6.24%, which changed the moving average for the period of 200-days by -19.64% in comparison to the 20-day moving average, which settled at $78.08. In addition, Crown Holdings, Inc. saw -20.71% 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 CCK starting from MILLER JAMES H, who sale 9,000 shares at the price of $82.93 back on Jun 04 ’24. After this action, MILLER JAMES H now owns 12,884 shares of Crown Holdings, Inc., valued at $746,377 using the latest closing price.
DONAHUE TIMOTHY J, the President & CEO of Crown Holdings, Inc., sale 7,500 shares at $85.00 during a trade that took place back on May 15 ’24, which means that DONAHUE TIMOTHY J is holding 608,678 shares at $637,500 based on the most recent closing price.
Stock Fundamentals for CCK
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.19 for the gross margin
The net margin for Crown Holdings, Inc. stands at 0.04. The total capital return value is set at 0.13. Equity return is now at value 18.44, with 2.85 for asset returns.
Based on Crown Holdings, Inc. (CCK), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 3.04. The interest coverage ratio of the stock is 3.05.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 3.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 7.16for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In conclusion, Crown Holdings, Inc. (CCK) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
