Cable One Inc (NYSE: CABO) has a price-to-earnings ratio of 11.80x that is above its average ratio. Additionally, the 36-month beta value for CABO is 0.85. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 2 rating it as “sell.”
The public float for CABO is 4.46M and currently, short sellers hold a 19.38% ratio of that float. The average trading volume of CABO on November 08, 2024 was 81.99K shares.
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CABO) stock’s latest price update
The stock price of Cable One Inc (NYSE: CABO) has plunged by -7.39 when compared to previous closing price of 417.45, but the company has seen a 13.18% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that Although the revenue and EPS for Cable One (CABO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CABO’s Market Performance
Cable One Inc (CABO) has seen a 13.18% rise in stock performance for the week, with a 20.87% gain in the past month and a -1.08% plunge in the past quarter. The volatility ratio for the week is 6.13%, and the volatility levels for the past 30 days are at 4.06% for CABO. The simple moving average for the past 20 days is 9.01% for CABO’s stock, with a -1.03% simple moving average for the past 200 days.
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 11.51% 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 -36.25% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 6.13%, as shares surge +15.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.80% upper at present.
During the last 5 trading sessions, CABO rose by +13.18%, which changed the moving average for the period of 200-days by -28.74% in comparison to the 20-day moving average, which settled at $354.64. In addition, Cable One Inc saw -30.54% 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 3.38. 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
In conclusion, Cable One Inc (CABO) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
