As of Thursday close, Crown Castle Inc.’s (NYSE:CCI) stock was down -$2.07, moving down -1.93 percent to $104.93. The average number of shares traded per day over the past five days has been 3,219,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.17 fall in that time frame. In the last twenty days, the average volume was 3,439,125, while in the previous 50 days, it was 3,263,150.
Since last month, CCI stock retreated -10.98%. Shares of the company fell to $103.22 on 07/20/23, the lowest level in the past month. A 52-week high of $183.68 was reached on 02/02/23 after having rallying from a 52-week low of $103.22. Since the beginning of this year, CCI’s stock price has dropped by -22.64% or -$30.71, and marked a new high 8 times. However, the stock has declined by -42.87% since its 52-week high.
CCI stock investors should be aware that Crown Castle Inc. (CCI) stock had its last reported insider trading activity 94 days ago on May 02. Stephens Kevin A, the Director of the company, purchased of 1,000 shares for $118.00 on May 02. It resulted in a $117,996 investment by the insider. Nichol Laura B sold 5,000 shares at an average price of $120.97 on Apr 27. The insider now owns 16,782 shares following the transaction. On Apr 25, EVP & COO – Fiber Levendos Christopher sold 14,472 shares at $124.04 apiece. The transaction was valued at $1,795,165.
Valuation Metrics
Right now, Crown Castle Inc. (CCI) has a P/E ratio of about 26.69. The stock’s beta is 0.64. Besides these, the trailing price-to-sales (P/S) ratio of 6.44, the price-to-book (PB) ratio of 6.29.
The latest dividend of $1.5650 per share was paid out, remained unchanged from last year’s $1.5650.
Financial Health
In the three months ended June 29, Crown Castle Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.98, and the total debt-to-equity ratio was 3.09. On the profitability front, the trailing twelve-month gross margin is 70.80% percent. In the year ended June 29, operating margins totaled 33.50%. Based on annual data, CCI earned $4.92 billion in gross profit and brought in $6.99 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 8.20%. Return on equity (ROE) for the past 12 months was 22.20%.
In Crown Castle Inc.’s quarter-end financial report for June 29, it reported total debt of $21.6 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CCI’s revenue rose 7.12% to $1.77 billion during the quarter, while net income inched up to $1.87 billion. While analysts expected Crown Castle Inc. to report $1.05 quarterly earnings, the actual figure was $1.05 per share. During the quarter, the company generated $1.12 billion in EBITDA. The liabilities of Crown Castle Inc. were 32.0 billion at the end of its most recent quarter ended June 29, and its total debt was $28.51 billion. The value of shareholders’ equity is $433.68 million.
Technical Picture
This quick technical analysis looks at Crown Castle Inc.’s (CCI) price momentum. With a historical volatility rate of 28.42%, the RSI 9-day stood at 30.75% on 03 August.
With respect to its five-day moving average, the current Crown Castle Inc. price is down by -4.70% percent or -$5.17. At present, CCI shares trade -10.07% below its 20-day simple moving average and -17.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.80% below its SMA50 and -17.80% below its SMA200.
Stochastic coefficient K was 27.55% and Stochastic coefficient D was 32.87%, while ATR was 3.02. Given the Stochastic reading of 13.88% for the 14-day period, the RSI (14) reading has been calculated as 35.34%. As of today, the MACD Oscillator reading stands at -2.38, while the 14-day reading stands at -2.62.
Analyst Ratings
Argus launched its rating on Crown Castle Inc. (NYSE: CCI) to a Buy in a note to investors on August 02, 2023. Crown Castle Inc. (CCI) has been rated Overweight by analysts. According to 3 brokerage firms, CCI is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Crown Castle Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $126.50, the current consensus forecast for the stock is $106.00 – $162.00. Based on these forecasts, analysts predict Crown Castle Inc. (CCI) will achieve an average price target of $131.50.
