Can Cross Country Healthcare Inc. (CCRN) Add Value To Your Portfolio?

As of Thursday close, Cross Country Healthcare Inc.’s (NASDAQ:CCRN) stock was down -$4.28, moving down -15.62 percent to $23.16. The average number of shares traded per day over the past five days has been 1,168,640 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.25 fall in that time frame. In the last twenty days, the average volume was 940,765, while in the previous 50 days, it was 625,198.

Since last month, CCRN stock rose 8.00%. Shares of the company fell to $20.57 on 07/05/22, the lowest level in the past month. A 52-week high of $30.51 was reached on 07/21/22 after having rallying from a 52-week low of $15.26. Since the beginning of this year, CCRN’s stock price has dropped by -16.59% or -$4.60, and marked a new high 5 times. However, the stock has declined by -24.11% since its 52-week high.

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Cross Country Healthcare Inc. (CCRN) last reported insider trading activity 151 days ago on Mar 07. Burns William J., the Chief Financial Officer of the company, disposed of 10,000 shares for $20.54 on Mar 07. It resulted in a $205,400 divestment by the insider. Ball Susan E sold 17,458 shares at an average price of $20.72 on Mar 07. The insider now owns 205,812 shares following the transaction. On Aug 17, Chief Financial Officer Burns William J. sold 10,100 shares at $19.91 apiece. The transaction was valued at $201,091.

Valuation Metrics

Right now, Cross Country Healthcare Inc. (CCRN) has a P/E ratio of about 5.01. The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 0.42, the price-to-book (PB) ratio of 2.41.

Financial Health

In the three months ended March 30, Cross Country Healthcare Inc.’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.61, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 22.40% percent. In the year ended March 30, operating margins totaled 9.80%. Based on annual data, CCRN earned $375.0 million in gross profit and brought in $1.68 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 28.90%. Return on equity (ROE) for the past 12 months was 65.70%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CCRN’s revenue rose 58.26% to $640.68 million during the quarter, while net income inched up to $788.73 million. While analysts expected Cross Country Healthcare Inc. to report $1.31 quarterly earnings, the actual figure was $1.7 per share, beating the consensus estimate by 29.80%. During the quarter, the company generated $93.35 million in EBITDA. The liabilities of Cross Country Healthcare Inc. were 560.36 million at the end of its most recent quarter ended March 30, and its total debt was $233.96 million. The value of shareholders’ equity is $38.21 million.

Technical Picture

This quick technical analysis looks at Cross Country Healthcare Inc.’s (CCRN) price momentum. With a historical volatility rate of 94.62%, the RSI 9-day stood at 36.27% on 04 August.

With respect to its five-day moving average, the current Cross Country Healthcare Inc. price is down by -15.52% percent or -$4.25. At present, CCRN shares trade +7.40% above its 20-day simple moving average and +21.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.47% above its SMA50 and +17.48% above its SMA200.

Stochastic coefficient K was 36.69% and Stochastic coefficient D was 43.21%, while ATR was 2.03. Given the Stochastic reading of 11.39% for the 14-day period, the RSI (14) reading has been calculated as 43.84%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -1.28.

Analyst Ratings

Jefferies upgraded its rating on Cross Country Healthcare Inc. (NASDAQ: CCRN) to a Buy in a note to investors on January 27, 2022. The analysts firm previously had a Hold rating on the stock.Cross Country Healthcare Inc. (CCRN) has been rated Overweight by analysts. According to 0 brokerage firms, CCRN is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Cross Country Healthcare Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $36.50, the current consensus forecast for the stock is $23.00 – $44.00. Based on these forecasts, analysts predict Cross Country Healthcare Inc. (CCRN) will achieve an average price target of $35.00.


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