Custom Truck One Source Inc (CTOS) stock forecast: Can it reach its 52-week high of $7.53

Custom Truck One Source Inc [CTOS] stock prices are up 0.72% to $5.56 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CTOS shares have gain 3.93% over the last week, with a monthly amount drifted -18.83%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Custom Truck One Source Inc [NYSE: CTOS] stock has seen the most recent analyst activity on February 16, 2023, when DA Davidson initiated its Buy rating and assigned the stock a price target of $12. Previously, JP Morgan started tracking the stock with Neutral rating on December 13, 2022, and set its price target to $7.50. On March 30, 2022, Deutsche Bank initiated with a Buy rating and assigned a price target of $12 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $11 on January 14, 2022. Stifel started tracking with a Buy rating for this stock on December 06, 2021, and assigned it a price target of $10.

The stock price of Custom Truck One Source Inc [CTOS] has been fluctuating between $4.41 and $7.53 over the past year. Custom Truck One Source Inc [NYSE: CTOS] shares were valued at $5.56 at the most recent close of the market.

Analyzing the CTOS fundamentals

The Custom Truck One Source Inc [NYSE:CTOS] reported sales of 1.87B for trailing twelve months, representing a surge of 7.20%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.36.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.44 points at the first support level, and at 5.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.63, and for the 2nd resistance point, it is at 5.70.

Ratios To Look Out For

It’s worth pointing out that Custom Truck One Source Inc [NYSE:CTOS]’s Current Ratio is 1.41. On the other hand, the Quick Ratio is 0.31, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 26.86.

Transactions by insiders

Recent insider trading involved McMonagle Ryan, Chief Executive Officer, that happened on Nov 14 ’23 when 20000.0 shares were purchased. Director, Heinberg Marshall completed a deal on Nov 10 ’23 to buy 15000.0 shares. Meanwhile, Director Heinberg Marshall bought 15000.0 shares on Nov 10 ’23.

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