Crown Castle Inc (NYSE: CCI)’s stock price has dropped by -2.24 in relation to previous closing price of 109.05. Nevertheless, the company has seen a loss of -2.88% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-27 that U.S. equity markets snapped a six-week winning streak, while benchmark interest rates surged to three-month highs as investors braced for a volatile two-week stretch of market-moving events. Another surprisingly solid slate of domestic economic data – highlighted by improved jobless claims and consumer sentiment reports – lifted the U.S. Economic Surprise Index to the highest-level since April. Retreating from record-highs, the S&P 500 finished lower by 1% on the week, declining for just the second time in the past twelve weeks. Rate-sensitive segments and small-caps were laggards.
Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?
The price-to-earnings ratio for Crown Castle Inc (NYSE: CCI) is above average at 37.80x, Company’s 36-month beta value is 0.86.Analysts have differing 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 433.45M, and currently, short sellers hold a 1.23% ratio of that floaft. The average trading volume of CCI on October 30, 2024 was 2.32M shares.
CCI’s Market Performance
CCI stock saw a decrease of -2.88% in the past week, with a monthly decline of -10.13% and a quarterly a decrease of -3.15%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 1.95% for Crown Castle Inc (CCI).. The simple moving average for the past 20 days is -4.38% for CCI’s stock, with a 0.51% 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 -6.41% 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 -11.83% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -10.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.64% lower at present.
During the last 5 trading sessions, CCI fell by -2.88%, which changed the moving average for the period of 200-days by -5.41% in comparison to the 20-day moving average, which settled at $111.49. In addition, Crown Castle Inc saw -7.45% 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 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
- 0.65 for the gross margin
The net margin for Crown Castle Inc stands at 0.19. The total capital return value is set at 0.06. Equity return is now at value 20.49, with 3.20 for asset returns.
Based on Crown Castle Inc (CCI), the company’s capital structure generated 0.85 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 5.6. The interest coverage ratio of the stock is -4.56.
Currently, EBITDA for the company is 4.2 billion with net debt to EBITDA at 11.83. When we switch over and look at the enterprise to sales, we see a ratio of 11.47. The receivables turnover for the company is 2.26for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In a nutshell, Crown Castle Inc (CCI) has experienced a bad performance in recent times. The stock has received mixed “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.
