As of Friday close, Crown Holdings Inc.’s (NYSE:CCK) stock was down -$0.39, moving down -0.44 percent to $87.55. The average number of shares traded per day over the past five days has been 697,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.44 fall in that time frame. In the last twenty days, the average volume was 1,076,145, while in the previous 50 days, it was 1,604,504.
Since last month, CCK stock retreated -4.36%. Shares of the company fell to $86.69 on 08/18/23, the lowest level in the past month. A 52-week high of $101.45 was reached on 07/25/23 after having rallying from a 52-week low of $66.00. Since the beginning of this year, CCK’s stock price has risen by 6.50% or $5.34, and marked a new high 11 times. However, the stock has declined by -13.70% since its 52-week high.
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CCK stock investors should be aware that Crown Holdings Inc. (CCK) stock had its last reported insider trading activity 12 days ago on Aug 07. Kalaus Christy L., the VP & Corp Controller of the company, disposed of 1,914 shares for $90.67 on Aug 07. It resulted in a $173,550 divestment by the insider. MILLER JAMES H sold 9,300 shares at an average price of $84.86 on May 05. The insider now owns 19,801 shares following the transaction. On Sep 08, VP & Corp Controller Kalaus Christy L. sold 500 shares at $93.90 apiece. The transaction was valued at $46,950.
Valuation Metrics
Right now, Crown Holdings Inc. (CCK) has a P/E ratio of about 22.10. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.86, the price-to-book (PB) ratio of 4.68.
The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24. On Thursday February 23 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Crown Holdings Inc.’s quick ratio stood at 0.80, while its current ratio was 1.30, 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 3.13, and the total debt-to-equity ratio was 3.24. On the profitability front, the trailing twelve-month gross margin is 18.20% percent. In the year ended June 29, EBITDA margin amounted to 13.27%, whereas operating margins totaled 9.30%. Based on annual data, CCK earned $1.84 billion in gross profit and brought in $12.94 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 12.20%. Return on equity (ROE) for the past 12 months was 24.40%.
In Crown Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $6.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CCK’s revenue fell -12.9% to $2.97 billion during the quarter, while net income inched up to $3.11 billion. While analysts expected Crown Holdings Inc. to report $1.64 quarterly earnings, the actual figure was $1.68 per share, beating the consensus estimate by 2.40%. During the quarter, the company generated $492.0 million in EBITDA. The liabilities of Crown Holdings Inc. were 11.85 billion at the end of its most recent quarter ended June 29, and its total debt was $7.46 billion. The value of shareholders’ equity is $120.65 million.
Technical Picture
This quick technical analysis looks at Crown Holdings Inc.’s (CCK) price momentum. With a historical volatility rate of 9.28%, the RSI 9-day stood at 33.80% on 18 August.
With respect to its five-day moving average, the current Crown Holdings Inc. price is down by -1.62% percent or -$1.44. At present, CCK shares trade -3.59% below its 20-day simple moving average and +11.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.04% above its SMA50 and +27.64% above its SMA200.
Stochastic coefficient K was 7.02% and Stochastic coefficient D was 6.78%, while ATR was 1.75. Given the Stochastic reading of 12.47% for the 14-day period, the RSI (14) reading has been calculated as 41.90%. As of today, the MACD Oscillator reading stands at -0.68, while the 14-day reading stands at -1.64.
Analyst Ratings
Crown Holdings Inc. downgraded its rating on Crown Holdings Inc. (NYSE: CCK) to a Neutral in a note to investors on January 04, 2023. The analysts firm previously had an Outperform rating on the stock.Crown Holdings Inc. (CCK) has been rated Overweight by analysts. According to 0 brokerage firms, CCK is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Crown Holdings Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $107.25, the current consensus forecast for the stock is $86.00 – $128.00. Based on these forecasts, analysts predict Crown Holdings Inc. (CCK) will achieve an average price target of $105.96.
