Market Watch Highlights: Cross Country Healthcares, Inc. (CCRN) Ends on an Upturn Note at 12.48

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As of close of business last night, Cross Country Healthcares, Inc.’s stock clocked out at $12.48, up 1.96% from its previous closing price of $12.24. In other words, the price has increased by $1.96 from its previous closing price. On the day, 1.48 million shares were traded. CCRN stock price reached its highest trading level at $12.51 during the session, while it also had its lowest trading level at $12.11.

Ratios:

To gain a deeper understanding of CCRN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.65. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 421931328 and an Enterprise Value of 357067456. As of this moment, Cross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.21, and their Forward P/E ratio for the next fiscal year is 17.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 0.227 whereas that against EBITDA is 7.427.

Stock Price History:

Over the past 52 weeks, CCRN has reached a high of $25.62, while it has fallen to a 52-week low of $12.00. The 50-Day Moving Average of the stock is -15.09%, while the 200-Day Moving Average is calculated to be -26.41%.

Shares Statistics:

It appears that CCRN traded 631.32K shares on average per day over the past three months and 1644200 shares per day over the past ten days. 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 102.72% stake in the company. Shares short for CCRN as of 1726185600 were 4106434 with a Short Ratio of 6.50, compared to 1723680000 on 3866409. Therefore, it implies a Short% of Shares Outstanding of 4106434 and a Short% of Float of 15.740000000000002.

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