Crown Castle Inc. (NYSE:CCI) finished Friday with an addition of $0.14 to close at $99.70, an upside of 0.14 percent. An average of 2,703,240 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,741,580 shares traded, while the 50-day average volume stands at 3,238,674.
CCI stock has decreased by -9.45% in the last month. The company shares reached their 1-month lowest point of $97.94 on 08/21/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $97.94 and a high of $176.79 in 52 weeks. It has reached a new high 8 times so far this year and lost -26.50% or -$35.94 in price. In spite of this, the price is down -43.61% from the 52-week high.
Insider Transactions
CCI stock investors should be aware that Crown Castle Inc. (CCI) stock had its last reported insider trading activity 121 days ago on May 02. In this transaction, the insider spent $604,850. EVP & COO – Fiber, Levendos Christopher, disposed of 14,472 shares at a price of $124.04 on Apr 25. The insider now owns more than $1,795,165 worth of shares. Prior to that, EVP – Business Support Nichol Laura B went on to Sale 5,000 shares at $122.56 each on Apr 25. An amount of $612,820 was transacted.
Valuation Metrics
Crown Castle Inc. (CCI) has a trailing price-to-earnings (P/E) ratio of 25.36. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.02, the price-to-book (PB) ratio at 6.14, and the price-to-cash flow ratio at 23.65.
Financial Health
The quick ratio of Crown Castle Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.07 and a total debt to equity ratio of 3.18 for the quarter ending June 29. Its gross profit as reported stood at $4.92 billion compared to revenue of $6.99 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 4.40%.
Earnings Surprise
For the three-month period that ended June 29, Crown Castle Inc. had $21.6 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $455.0 million in the quarter, while revenues were grew 7.47%. The analyst consensus anticipated Crown Castle Inc.’s latest quarter earnings to come in at $1.05 per share, but it turned out to be $1.05, a 0.00% surprise. For the quarter, EBITDA amounted to $1.12 billion. Shareholders own equity worth $433.68 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 25 August was 29.38%, suggesting the stock is oversold, with historical volatility in this time frame at 15.49%.
As of today, CCI’s price is $99.34 -0.53% or -$0.53 from its 5-day moving average. CCI is currently trading -8.48% lower than its 20-day SMA and -24.60% lower than its 100-day SMA. However, the stock’s current price level is -12.86% below the SMA50 and -23.21% below the SMA200.
The stochastic %K and %D were 21.79% and 17.44%, respectively, and the average true range (ATR) was 2.01. With the 14-day stochastic at 23.72% and the average true range at 2.20, the RSI (14) stands at 31.23%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -1.85.
Analyst Ratings
BofA Securities downgraded Crown Castle Inc. (NYSE: CCI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Crown Castle Inc. (CCI) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell CCI, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is CCI’s price target for the next 12 months?
Analysts predict a range of price targets between $106.00 and $162.00, with a median target of $124.00. Taking a look at these predictions, the average price target given by analysts for Crown Castle Inc. (CCI) stock is $128.56.
