Custom Truck One Source Inc’s Market Journey: Closing Strong at 5.00, Up 0.20

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The closing price of Custom Truck One Source Inc (NYSE: CTOS) was $5.00 for the day, up 0.20% from the previous closing price of $4.99. In other words, the price has increased by $0.20 from its previous closing price. On the day, 0.54 million shares were traded. CTOS stock price reached its highest trading level at $5.12 during the session, while it also had its lowest trading level at $4.96.

Ratios:

Our analysis of CTOS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 3.04 whereas as Long-Term Debt/Eq ratio is at 1.92.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, DA Davidson on February 16, 2023, initiated with a Buy rating and assigned the stock a target price of $12.

On December 13, 2022, JP Morgan started tracking the stock assigning a Neutral rating and target price of $7.50.

On March 30, 2022, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $12.Deutsche Bank initiated its Buy rating on March 30, 2022, with a $12 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 05 ’24 when ECP ControlCo, LLC sold 2,354,109 shares for $3.42 per share. The transaction valued at 8,051,053 led to the insider holds 23,384,879 shares of the business.

NESCO Holdings, LP sold 2,354,109 shares of CTOS for $8,051,053 on Sep 05 ’24. The 10% Owner now owns 23,384,879 shares after completing the transaction at $3.42 per share. On Sep 05 ’24, another insider, Nesco Holdings, L.P., who serves as the Former Director of the company, bought 1,942,535 shares for $3.80 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTOS now has a Market Capitalization of 1167160064 and an Enterprise Value of 3701310208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 2.053 whereas that against EBITDA is 20.227.

Stock Price History:

Over the past 52 weeks, CTOS has reached a high of $7.00, while it has fallen to a 52-week low of $3.03. The 50-Day Moving Average of the stock is 34.60%, while the 200-Day Moving Average is calculated to be 5.41%.

Shares Statistics:

CTOS traded an average of 602.03K shares per day over the past three months and 828210 shares per day over the past ten days. A total of 241.01M shares are outstanding, with a floating share count of 53.93M. Insiders hold about 76.90% of the company’s shares, while institutions hold 20.06% stake in the company. Shares short for CTOS as of 1730332800 were 4601530 with a Short Ratio of 7.64, compared to 1727654400 on 4807099. Therefore, it implies a Short% of Shares Outstanding of 4601530 and a Short% of Float of 10.09.

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