The stock price of Crown Castle Inc (NYSE: CCI) has dropped by -0.43 compared to previous close of 110.64. Despite this, the company has seen a fall of -0.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-11 that In a highly volatile week across global financial markets, U.S. equity markets ultimately finished the week little-changed, while benchmark interest rates rebounded from the lowest levels of the year. Following a historic surge in volatility, stabilization in Asian and European markets, decent jobless claims data, and clarity on the domestic Presidential matchup helped to ease market jitters. Narrowly avoiding a fourth-straight week of losses, the S&P 500 finished flat – staging a late-week rebound after sharp declines early in the week. The Nasdaq remained in “correction territory.”
Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?
The price-to-earnings ratio for Crown Castle Inc (NYSE: CCI) is 40.29x, which is above its average ratio. Moreover, the 36-month beta value for CCI is 0.84. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for CCI is 433.80M and currently, short sellers hold a 1.12% of that float. On August 12, 2024, CCI’s average trading volume was 2.54M shares.
CCI’s Market Performance
The stock of Crown Castle Inc (CCI) has seen a -0.55% decrease in the past week, with a 6.39% rise in the past month, and a 10.71% gain in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 2.28% for CCI. The simple moving average for the past 20 days is 1.95% for CCI’s stock, with a 5.53% 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 7.51% 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 -7.81% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.72% upper at present.
During the last 5 trading sessions, CCI fell by -0.42%, which changed the moving average for the period of 200-days by +25.18% in comparison to the 20-day moving average, which settled at $108.42. In addition, Crown Castle Inc saw -4.36% 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 Kelley Philip M, who proposed sale 47,774 shares at the price of $112.18 back on Aug 05 ’24. After this action, Kelley Philip M now owns shares of Crown Castle Inc, valued at $5,359,489 using the latest closing price.
Kavanagh Michael Joseph, the EVP & COO-Towers of Crown Castle Inc, sale 10,883 shares at $103.72 during a trade that took place back on Jul 23 ’24, which means that Kavanagh Michael Joseph is holding 75,127 shares at $1,128,839 based on the most recent closing price.
Stock Fundamentals for CCI
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.72 for the gross margin
The net margin for Crown Castle Inc stands at 0.18. The total capital return value is set at 0.06. Equity return is now at value 18.71, with 3.07 for asset returns.
Based on Crown Castle Inc (CCI), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 5.14. The interest coverage ratio of the stock is 3.41.
Currently, EBITDA for the company is 4.2 billion with net debt to EBITDA at 7.48. When we switch over and look at the enterprise to sales, we see a ratio of 11.64. The receivables turnover for the company is 12.04for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To wrap up, the performance of Crown Castle Inc (CCI) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
