Crown Castle Inc (NYSE: CCI)’s stock price has plunge by -0.59relation to previous closing price of 120.25. Nevertheless, the company has seen a -0.33% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-09-16 that Efforts to augment its tower business and fiber and small cells are likely to aid CCI despite industry consolidation and high interest rates.
Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?
Crown Castle Inc (NYSE: CCI) has a price-to-earnings ratio of 43.72x that is above its average ratio. Additionally, the 36-month beta value for CCI is 0.85. 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.”
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The public float for CCI is 433.02M and currently, short sellers hold a 1.18% ratio of that float. The average trading volume of CCI on September 18, 2024 was 2.36M shares.
CCI’s Market Performance
The stock of Crown Castle Inc (CCI) has seen a -0.33% decrease in the past week, with a 8.83% rise in the past month, and a 24.08% gain in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.75% for CCI. The simple moving average for the past 20 days is 4.51% for CCI’s stock, with a 12.43% 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 8.74% 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 -1.14% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +9.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.72% upper at present.
During the last 5 trading sessions, CCI fell by -0.33%, which changed the moving average for the period of 200-days by +3.07% in comparison to the 20-day moving average, which settled at $114.88. In addition, Crown Castle Inc saw 3.78% 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 CCI starting from PATEL SUNIT S, who sale 42 shares at the price of $98.80 back on May 09 ’24. After this action, PATEL SUNIT S now owns 2,919 shares of Crown Castle Inc, valued at $4,150 using the latest closing price.
Kelley Philip M, the Officer of Crown Castle Inc, proposed sale 47,774 shares at $112.18 during a trade that took place back on Aug 05 ’24, which means that Kelley Philip M is holding shares at $5,359,489 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 12.28. The receivables turnover for the company is 12.04for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In conclusion, Crown Castle Inc (CCI) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
