Analyzing CareTrust REIT Inc. (CTRE) By Technical Indicators

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As of Wednesday close, CareTrust REIT Inc.’s (NYSE:CTRE) stock was down -$0.16, moving down -0.83 percent to $19.11. The average number of shares traded per day over the past five days has been 626,320 shares. 3 times new highs have been achieved over the past 5 days, with a $0.47 gain in that time frame. In the last twenty days, the average volume was 547,600, while in the previous 50 days, it was 581,090.

Since last month, CTRE stock rose 6.76%. Shares of the company fell to $17.23 on 10/24/22, the lowest level in the past month. A 52-week high of $23.59 was reached on 01/04/22 after having rallying from a 52-week low of $15.90. Since the beginning of this year, CTRE’s stock price has dropped by -16.29% or -$3.72, and marked a new high 2 times. However, the stock has declined by -18.99% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 9.67, the price-to-book (PB) ratio of 2.27, and the price-to-cash flow ratio of 50.17 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.95, and the total debt-to-equity ratio was 0.95. On the profitability front, the trailing twelve-month gross margin is 97.80% percent. In the year ended June 29, operating margins totaled 15.00%. Based on annual data, CTRE earned $95.74 million in gross profit and brought in $192.35 million 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 6.00%. Return on equity (ROE) for the past 12 months was -0.50%.

In CareTrust REIT Inc.’s quarter-end financial report for June 29, it reported total debt of $199.19 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CTRE’s revenue rose 1.57% to $49.74 million during the quarter, while net income inched up to $46.48 million. While analysts expected CareTrust REIT Inc. to report $0.21 quarterly earnings, the actual figure was $0.21 per share. During the quarter, the company generated $42.55 million in EBITDA. The value of shareholders’ equity is $97.03 million.

Technical Picture

This quick technical analysis looks at CareTrust REIT Inc.’s (CTRE) price momentum. With a historical volatility rate of 27.31%, the RSI 9-day stood at 55.08% on 23 November.

With respect to its five-day moving average, the current CareTrust REIT Inc. price is up by +2.52% percent or $0.47. At present, CTRE shares trade +5.99% above its 20-day simple moving average and +2.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.72% below its SMA50 and -1.65% below its SMA200.

Stochastic coefficient K was 51.87% and Stochastic coefficient D was 47.25%, while ATR was 0.56. Given the Stochastic reading of 42.70% for the 14-day period, the RSI (14) reading has been calculated as 54.68%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.01.

Analyst Ratings

CapitalOne launched its rating on CareTrust REIT Inc. (NYSE: CTRE) to an Equal weight in a note to investors on June 03, 2022. CareTrust REIT Inc. (CTRE) has been rated Overweight by analysts. According to 0 brokerage firms, CTRE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate CareTrust REIT Inc. stock as buy, with 3 recommending it as overweight.

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