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After finishing at $14.00 in the prior trading day, Cross Country Healthcares, Inc. (NASDAQ: CCRN) closed at $13.19, down -5.79%. In other words, the price has decreased by -$5.79 from its previous closing price. On the day, 2.12 million shares were traded. CCRN stock price reached its highest trading level at $13.7 during the session, while it also had its lowest trading level at $12.78.
Ratios:
Our goal is to gain a better understanding of CCRN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.80. For the most recent quarter (mrq), Quick Ratio is recorded 3.07 and its Current Ratio is at 3.07. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On November 03, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $32 to $21.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 02 ’24 when Grieco Cynthia Ann sold 1,945 shares for $17.21 per share. The transaction valued at 33,473 led to the insider holds 7,605 shares of the business.
Mote Karen sold 13,829 shares of CCRN for $236,199 on Aug 02 ’24. The Pres., Cross Country Locums now owns 24,696 shares after completing the transaction at $17.08 per share. On May 30 ’24, another insider, Krug Marc S., who serves as the Group President, Delivery of the company, sold 13,657 shares for $14.82 each. As a result, the insider received 202,397 and left with 36,020 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCRN now has a Market Capitalization of 445935424 and an Enterprise Value of 381071552. As of this moment, Cross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.30, and their Forward P/E ratio for the next fiscal year is 18.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.242 whereas that against EBITDA is 7.926.
Stock Price History:
Over the past 52 weeks, CCRN has reached a high of $25.76, while it has fallen to a 52-week low of $12.87. The 50-Day Moving Average of the stock is -12.13%, while the 200-Day Moving Average is calculated to be -23.32%.
Shares Statistics:
The stock has traded on average 464.04K shares per day over the past 3-months and 769240 shares per day over the last 10 days, according to various share statistics. A total of 34.38M shares are outstanding, with a floating share count of 31.92M. Insiders hold about 5.58% of the company’s shares, while institutions hold 102.81% stake in the company. Shares short for CCRN as of 1726185600 were 4106434 with a Short Ratio of 8.85, compared to 1723680000 on 3866409. Therefore, it implies a Short% of Shares Outstanding of 4106434 and a Short% of Float of 15.740000000000002.
