In the past week, CABO stock has gone down by -2.63%, with a monthly gain of 6.11% and a quarterly plunge of -1.50%. The volatility ratio for the week is 4.43%, and the volatility levels for the last 30 days are 3.29% for Cable One Inc The simple moving average for the past 20 days is -2.00% for CABO’s stock, with a -18.50% simple moving average for the past 200 days.
Is It Worth Investing in Cable One Inc (NYSE: CABO) Right Now?
The price-to-earnings ratio for Cable One Inc (NYSE: CABO) is 10.20x, which is above its average ratio. Moreover, the 36-month beta value for CABO is 0.84. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 2 as “sell.”
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The public float for CABO is 4.45M and currently, short sellers hold a 21.24% of that float. On October 11, 2024, CABO’s average trading volume was 94.70K shares.
CABO) stock’s latest price update
The stock price of Cable One Inc (NYSE: CABO) has jumped by 4.42 compared to previous close of 319.84. Despite this, the company has seen a fall of -2.63% in its stock price over the last five trading days. zacks.com reported 2024-10-02 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Analysts’ Opinion of CABO
Many brokerage firms have already submitted their reports for CABO stocks, with MoffettNathanson repeating the rating for CABO by listing it as a “Buy.” The predicted price for CABO in the upcoming period, according to MoffettNathanson is $615 based on the research report published on March 05, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see CABO reach a price target of $418. The rating they have provided for CABO stocks is “Underperform” according to the report published on December 04th, 2023.
Wells Fargo gave a rating of “Underweight” to CABO, setting the target price at $680 in the report published on February 21st of the previous year.
CABO Trading at -5.83% from the 50-Day Moving Average
After a stumble in the market that brought CABO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.27% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 4.43%, as shares surge +2.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.21% lower at present.
During the last 5 trading sessions, CABO fell by -2.63%, which changed the moving average for the period of 200-days by -38.60% in comparison to the 20-day moving average, which settled at $340.82. In addition, Cable One Inc saw -39.99% 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 CABO starting from WEITZ WALLACE R, who purchase 1,000 shares at the price of $369.98 back on May 21 ’24. After this action, WEITZ WALLACE R now owns 4,565 shares of Cable One Inc, valued at $369,980 using the latest closing price.
Boone Christopher D, the of Cable One Inc, sale 204 shares at $460.00 during a trade that took place back on Mar 05 ’24, which means that Boone Christopher D is holding 1,854 shares at $93,840 based on the most recent closing price.
Stock Fundamentals for CABO
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.63 for the gross margin
The net margin for Cable One Inc stands at 0.15. The total capital return value is set at 0.07. Equity return is now at value 10.28, with 2.76 for asset returns.
Based on Cable One Inc (CABO), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is 3.16.
Currently, EBITDA for the company is 897.73 million with net debt to EBITDA at 4.06. When we switch over and look at the enterprise to sales, we see a ratio of 3.21. The receivables turnover for the company is 24.69for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
To wrap up, the performance of Cable One Inc (CABO) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
