Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Cross Country Healthcares, Inc (NASDAQ: CCRN) closed at $18.07 in the last session, down -0.50% from day before closing price of $18.16. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 4.9 million shares were traded. CCRN stock price reached its highest trading level at $18.19 during the session, while it also had its lowest trading level at $18.06.
Ratios:
We take a closer look at CCRN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.01. For the most recent quarter (mrq), Quick Ratio is recorded 2.79 and its Current Ratio is at 2.79. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 597766400 and an Enterprise Value of 535190816. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is 17.236.
Stock Price History:
Over the past 52 weeks, CCRN has reached a high of $23.64, while it has fallen to a 52-week low of $9.58. The 50-Day Moving Average of the stock is 51.46%, while the 200-Day Moving Average is calculated to be 21.72%.
Shares Statistics:
According to the various share statistics, CCRN traded on average about 948.43K shares per day over the past 3-months and 1388310 shares per day over the past 10 days. A total of 32.57M shares are outstanding, with a floating share count of 31.06M. Insiders hold about 5.63% of the company’s shares, while institutions hold 106.21% stake in the company. Shares short for CCRN as of 1731628800 were 2841898 with a Short Ratio of 3.00, compared to 1728950400 on 3105096. Therefore, it implies a Short% of Shares Outstanding of 2841898 and a Short% of Float of 11.2799995.
