Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Cross Country Healthcares, Inc. (NASDAQ: CCRN) closed at $16.02 down -3.90% from its previous closing price of $16.67. In other words, the price has decreased by -$3.90 from its previous closing price. On the day, 0.76 million shares were traded. CCRN stock price reached its highest trading level at $16.95 during the session, while it also had its lowest trading level at $15.83.
Ratios:
For a deeper understanding of Cross Country Healthcares, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 106.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.85. For the most recent quarter (mrq), Quick Ratio is recorded 3.02 and its Current Ratio is at 3.02. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 15 ’24 when Mote Karen sold 6,216 shares for $16.95 per share. The transaction valued at 105,361 led to the insider holds 35,101 shares of the business.
McDonald Colin Patrick sold 4,000 shares of CCRN for $68,460 on Feb 23 ’24. The Chief Human Resources Officer now owns 17,568 shares after completing the transaction at $17.11 per share. On Nov 28 ’23, another insider, Grieco Cynthia Ann, who serves as the VP, Corporate Treasurer of the company, sold 1,000 shares for $20.70 each. As a result, the insider received 20,700 and left with 6,464 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 580407808 and an Enterprise Value of 556330432. As of this moment, Cross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.29, and their Forward P/E ratio for the next fiscal year is 15.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 0.313 whereas that against EBITDA is 5.708.
Stock Price History:
Over the past 52 weeks, CCRN has reached a high of $28.75, while it has fallen to a 52-week low of $15.65. The 50-Day Moving Average of the stock is -10.45%, while the 200-Day Moving Average is calculated to be -25.15%.
Shares Statistics:
For the past three months, CCRN has traded an average of 426.93K shares per day and 402470 over the past ten days. A total of 34.38M shares are outstanding, with a floating share count of 32.90M. Insiders hold about 5.38% of the company’s shares, while institutions hold 102.67% stake in the company. Shares short for CCRN as of 1713139200 were 5107553 with a Short Ratio of 11.96, compared to 1710460800 on 5267820. Therefore, it implies a Short% of Shares Outstanding of 5107553 and a Short% of Float of 19.2.
