What Technical Indicators Show About Crown Castle Inc. (CCI)?

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Crown Castle Inc. (NYSE:CCI) finished Wednesday with an addition of $4.45 to close at $173.68, an upside of 2.63 percent. An average of 1,736,860 shares of common stock have been traded in the last five days. There was a gain of $3.51 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,265,675 shares traded, while the 50-day average volume stands at 1,336,724.

CCI stock has decreased by -3.10% in the last month. The company shares reached their 1-month lowest point of $167.27 on 09/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $153.70 and a high of $209.87 in 52 weeks. It has reached a new high 1 time so far this year and lost -16.80% or -$35.06 in price. In spite of this, the price is down -17.24% from the 52-week high.


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Insider Transactions

128 days have passed since Crown Castle Inc. (CCI) last reported insider trading activity. Collins Robert Sean, who is Vice President and Controller, most recently acquired $1,000 shares at $185.44 per share on May 03. In this transaction, the insider spent $185,435. Vice President and Controller, Collins Robert Sean, disposed of 1,000 shares at a price of $185.44 on May 03. The insider now owns more than $185,435 worth of shares. Prior to that, EVP & Chief Commercial Officer Kavanagh Michael Joseph went on to Sale 5,000 shares at $191.02 each on Apr 29. An amount of $955,110 was transacted.

Valuation Metrics

Crown Castle Inc. (CCI) has a trailing price-to-earnings (P/E) ratio of 48.76. The stock’s beta is 0.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.43, the price-to-book (PB) ratio at 9.57.

The company has a payout ratio of 160.60%. The company’s most recent quarterly dividend payment was $1.47 a share, without any change from last year. Its latest increase dividend $0.14 reported on Wednesday October 20 2021.

Financial Health

The quick ratio of Crown Castle Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.70 and a total debt to equity ratio of 2.71 for the quarter ending June 29. Its gross profit as reported stood at $4.35 billion compared to revenue of $6.34 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Crown Castle Inc.’s return on assets was 4.00%.

Earnings Surprise

For the three-month period that ended June 29, Crown Castle Inc. had $21.21 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $421.0 million in the quarter, while revenues were grew 20.67%. The analyst consensus anticipated Crown Castle Inc.’s latest quarter earnings to come in at $0.96 per share, but it turned out to be $0.97, a 1.00% surprise. For the quarter, EBITDA amounted to $1.02 billion. Shareholders own equity worth $433.04 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Crown Castle Inc. (CCI) price momentum. RSI 9-day as of the close on 07 September was 49.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.62%.

As of today, CCI’s price is $170.70 +2.06% or $3.51 from its 5-day moving average. CCI is currently trading -3.44% lower than its 20-day SMA and -10.22% lower than its 100-day SMA. However, the stock’s current price level is +0.13% above the SMA50 and -5.26% below the SMA200.

The stochastic %K and %D were 18.84% and 10.60%, respectively, and the average true range (ATR) was 3.95. With the 14-day stochastic at 41.81% and the average true range at 3.87, the RSI (14) stands at 48.13%. The stock has reached -1.77 on the 9-day MACD Oscillator while the 14-day reading was at -3.64.

Analyst Ratings

Jefferies upgraded Crown Castle Inc. (NYSE: CCI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

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