Currently, Custom Truck One Source Inc [CTOS] is trading at $5.88, up 1.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CTOS shares have gain 7.30% over the last week, with a monthly amount drifted -8.41%, and not seem to be holding up well over a long-time horizon.
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On 18, March 2024, Custom Truck One Source Acquires the Business of SOS Fleet Services, LLC, Expanding Gulf States Footprint and Service Capabilities. In a post published today on Yahoo Finance, Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its acquisition of the business of SOS Fleet Services, LLC, a full-service repair facility located in Alexandria, Louisiana. This acquisition brings over 30,000 square feet of space and a highly experienced team that will significantly enhance Custom Truck’s service footprint in the region. Our new Alexandria branch is poised to offer the full breadth of Custom Truck’s rental product offering, as well as repair service, to customers in the area.
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.
This stock has fluctuated between a low of $4.41 and a high of $7.53 over the last 52 weeks. Custom Truck One Source Inc [NYSE: CTOS] shares were valued at $5.88 at the most recent close of the market.
Analyzing the CTOS fundamentals
Trailing Twelve Months sales for Custom Truck One Source Inc [NYSE:CTOS] were 1.87B which represents 7.20% growth. 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 5.77 points at the first support level, and at 5.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.01, and for the 2nd resistance point, it is at 6.14.
Custom Truck One Source Inc [CTOS] reported earnings per share of $0.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of -$0.04 and a surprise factor of -36.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.04 per share as compared to estimates of $0.05 per share, a difference of -$0.01 representing a surprise of -20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Custom Truck One Source Inc [NYSE:CTOS] is 1.41. In addition, the Quick Ratio stands at 0.31 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 28.41.
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.
