What Are The Risk Factors For Cross Country Healthcare Inc. (CCRN)?


As of Wednesday close, Cross Country Healthcare Inc.’s (NASDAQ:CCRN) stock was down -$0.78, moving down -2.17 percent to $35.21. The average number of shares traded per day over the past five days has been 544,960 shares. 4 times new highs have been achieved over the past 5 days, with a $1.42 gain in that time frame. In the last twenty days, the average volume was 853,325, while in the previous 50 days, it was 859,370.

Since last month, CCRN stock retreated -2.47%. Shares of the company fell to $29.97 on 11/11/22, the lowest level in the past month. A 52-week high of $40.12 was reached on 11/03/22 after having rallying from a 52-week low of $15.26. Since the beginning of this year, CCRN’s stock price has risen by 26.84% or $7.45, and marked a new high 14 times. However, the stock has declined by -12.24% since its 52-week high.

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CCRN stock investors should be aware that Cross Country Healthcare Inc. (CCRN) stock had its last reported insider trading activity 52 days ago on Oct 03. Ball Susan E, the General Counsel and Secretary of the company, disposed of 14,901 shares for $30.00 on Oct 03. It resulted in a $447,030 divestment by the insider. Burns William J. sold 40,293 shares at an average price of $30.91 on Oct 03. The insider now owns 206,111 shares following the transaction. On Sep 19, Chief Financial Officer Burns William J. sold 14,705 shares at $28.99 apiece. The transaction was valued at $426,236.

Valuation Metrics

Right now, Cross Country Healthcare Inc. (CCRN) has a P/E ratio of about 5.85. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.45, the price-to-book (PB) ratio of 3.09, and the price-to-cash flow ratio of 26.81 may also be considered.

Financial Health

In the three months ended June 29, 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 June 29 was 0.31, and the total debt-to-equity ratio was 0.31. On the profitability front, the trailing twelve-month gross margin is 22.60% percent. In the year ended June 29, operating margins totaled 10.50%. 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 61.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CCRN’s revenue rose 41.06% to $753.56 million during the quarter, while net income inched up to $636.1 million. While analysts expected Cross Country Healthcare Inc. to report $1.35 quarterly earnings, the actual figure was $1.4 per share, beating the consensus estimate by 3.70%. During the quarter, the company generated $55.39 million in EBITDA. The liabilities of Cross Country Healthcare Inc. were 459.8 million at the end of its most recent quarter ended June 29, and its total debt was $216.54 million. The value of shareholders’ equity is $37.3 million.

Technical Picture

This quick technical analysis looks at Cross Country Healthcare Inc.’s (CCRN) price momentum. With a historical volatility rate of 64.17%, the RSI 9-day stood at 55.78% on 23 November.

With respect to its five-day moving average, the current Cross Country Healthcare Inc. price is up by +4.20% percent or $1.42. At present, CCRN shares trade -3.16% below its 20-day simple moving average and +65.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.47% above its SMA50 and +57.19% above its SMA200.

Stochastic coefficient K was 57.17% and Stochastic coefficient D was 50.68%, while ATR was 2.12. Given the Stochastic reading of 67.88% for the 14-day period, the RSI (14) reading has been calculated as 54.80%. As of today, the MACD Oscillator reading stands at 1.54, while the 14-day reading stands at 1.69.

Analyst Ratings

Cross Country Healthcare Inc. downgraded its rating on Cross Country Healthcare Inc. (NASDAQ: CCRN) to a Hold in a note to investors on October 05, 2022. The analysts firm previously had a Buy rating on the stock.

With a median target price of $41.50, the current consensus forecast for the stock is $31.00 – $45.00. Based on these forecasts, analysts predict Cross Country Healthcare Inc. (CCRN) will achieve an average price target of $39.33.


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