The stock of Crown Castle Inc. (NYSE:CCI) increased by $0.73 on Tuesday to finish at $100.60, up 0.73 percent. The last five days have seen an average of 2,788,500 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$35.04. The average number of shares traded over the last 20 days was 2,628,330, while the average volume over the last 50 days totaled 3,230,096.
CCI stock dropped -7.10% since last month. On 08/21/23, the company’s shares reached a one-month low of $97.94. The stock touched a high of $176.59 on 02/02/23, after rallying from a low of $97.94 in 52 weeks. The price of CCI stock has declined by -25.83% or -$35.04 this year, reaching a new high 8 times. Still, the stock price is down -43.03% 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 120 days ago on May 02. On May 02, Director Stephens Kevin A acquired 1,000 shares at $118.00 each. This transaction resulted in the insider spending $117,996. On Apr 27, Nichol Laura B sold 5,000 shares at a price of US$120.97. After the transaction, the insider now owns 16,782 shares. EVP & COO – Fiber Levendos Christopher had earlier sold 14,472 shares on Apr 25 for $124.04 a share. The transaction was completed for $1,795,165.
Valuation Metrics
Crown Castle Inc. (CCI) has a trailing price-to-earnings (P/E) ratio of 25.59. Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.09, the price-to-book (PB) ratio of 6.19, and the price-to-cash flow ratio of 23.94.
Company paid $1.5650 per share in dividends, remained unchanged from $1.5650 last year.
Financial Health
For the three months ended June 29, Crown Castle Inc.’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.07, and the total debt to equity ratio is 3.18. As far as profitability goes, gross margin for the trailing twelve months is 70.80% percent. Crown Castle Inc.’s operating margin stood at 35.10% for the same period. Based on annual data, it had gross profit of $4.92 billion and revenue of $6.99 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CCI’s return on assets (ROA) during the last 12 months has been 4.40%. There was a 8.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.20%.
Earnings Surprise
According to Crown Castle Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.87 billion, while revenues rose by 7.12% to $1.77 billion. It was predicted that Crown Castle Inc.’s quarterly earnings would be $1.05, but it ended up being $1.05. EBITDA was $1.12 billion for the quarter. At the end of Crown Castle Inc.’s most recent quarter ended June 29, its liabilities totaled 32.0 billion, while its total debt was $28.51 billion. Equity owned by shareholders amounts to $433.68 million.
Technical Picture
Here’s a quick look at Crown Castle Inc.’s (CCI) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 39.54%, suggesting the stock is Neutral, with a 8.55% historical volatility rate.
The stochastic %K and %D were 28.53% and 24.72% respectively, while the average true range (ATR) was 1.89. Based on the 14-day stochastic reading of 35.85%, the RSI (14) reading is 36.38%. On the 9-day MACD Oscillator, the stock is at 0.37, and the 14-day reading is at -0.80.
Analyst Ratings
Crown Castle Inc. (NYSE: CCI) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Crown Castle Inc. (CCI) an Hold rating. CCI is a stock that is recommended for selling by 3 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is CCI’s price target for the next 12 months?
The current consensus forecast for the stock is between $106.00 and $162.00, with a median target price of $124.00. In analyzing these forecasts, the average price target given by analysts for Crown Castle Inc. (CCI) is $128.56.
