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The closing price of Cross Country Healthcares, Inc. (NASDAQ: CCRN) was $15.10 for the day, up 0.20% from the previous closing price of $15.07. In other words, the price has increased by $0.20 from its previous closing price. On the day, 0.56 million shares were traded. CCRN stock price reached its highest trading level at $15.75 during the session, while it also had its lowest trading level at $15.07.
Ratios:
Our analysis of CCRN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 100.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.69. 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:
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 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 525088928 and an Enterprise Value of 524338272. As of this moment, Cross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.58, and their Forward P/E ratio for the next fiscal year is 15.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 0.295 whereas that against EBITDA is 5.38.
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 $14.81. The 50-Day Moving Average of the stock is -14.38%, while the 200-Day Moving Average is calculated to be -28.36%.
Shares Statistics:
CCRN traded an average of 425.15K shares per day over the past three months and 536390 shares per day 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 106.05% stake in the company. Shares short for CCRN as of 1714435200 were 4720677 with a Short Ratio of 11.10, compared to 1711584000 on 5125163. Therefore, it implies a Short% of Shares Outstanding of 4720677 and a Short% of Float of 17.45.
