The stock of Crown Castle Inc (NYSE: CCI) has increased by 0.61 when compared to last closing price of 105.44. Despite this, the company has experienced a 1.42% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-14 that Crown Castle (CCI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Crown Castle Inc (NYSE: CCI) Right Now?
Crown Castle Inc (NYSE: CCI) has a price-to-earnings ratio that is above its average at 37.63x. The stock has a 36-month beta value of 0.87. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The public float for CCI is 433.31M, and at present, short sellers hold a 1.56% of that float. On November 26, 2024, the average trading volume of CCI was 2.39M shares.
CCI’s Market Performance
The stock of Crown Castle Inc (CCI) has seen a 1.42% increase in the past week, with a -2.60% drop in the past month, and a -6.57% fall in the past quarter. The volatility ratio for the week is 1.37%, and the volatility levels for the past 30 days are at 1.87% for CCI. The simple moving average for the last 20 days is 0.82% for CCI stock, with a simple moving average of 0.30% for the last 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 -3.84% 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 -12.27% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares sank -2.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.78% lower at present.
During the last 5 trading sessions, CCI rose by +1.42%, which changed the moving average for the period of 200-days by -2.14% in comparison to the 20-day moving average, which settled at $105.22. In addition, Crown Castle Inc saw -7.91% 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
- 0.73 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 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 4.54. The interest coverage ratio of the stock is 2.45.
Currently, EBITDA for the company is 4.2 billion with net debt to EBITDA at 7.46. When we switch over and look at the enterprise to sales, we see a ratio of 11.43. The receivables turnover for the company is 2.26for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To sum up, Crown Castle Inc (CCI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
