Cross Country Healthcares, Inc. [CCRN] stock is trading at $17.90, up 1.70%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CCRN shares have gain 1.88% over the last week, with a monthly amount glided 0.11%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies downgraded its rating to Hold on November 03, 2023, and dropped its price target to $21. On June 26, 2023, William Blair initiated with a Outperform rating. Loop Capital started tracking the stock assigning a Buy rating and suggested a price target of $30 on March 10, 2023. Truist downgraded its rating to a Hold but $36 remained the price target by the analyst firm on October 05, 2022. Jefferies upgraded its rating to Buy for this stock on January 27, 2022, and upped its price target to $27. In a note dated August 05, 2021, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $22.
Cross Country Healthcares, Inc. [CCRN] stock has fluctuated between $15.65 and $28.75 over the past year. Cross Country Healthcares, Inc. [NASDAQ: CCRN] shares were valued at $17.90 at the most recent close of the market.
Analyzing the CCRN fundamentals
Cross Country Healthcares, Inc. [NASDAQ:CCRN] reported sales of 2.02B for the trailing twelve months, which represents a drop of -34.09%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.1 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 17.53 points at the first support level, and at 17.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.14, and for the 2nd resistance point, it is at 18.37.
Cross Country Healthcares, Inc. [CCRN] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.27/share, meaning a difference of $0.02 and a surprise factor of 7.40%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.39 per share as compared to estimates of $0.41 per share, a difference of -$0.02 representing a surprise of -4.90%.
Ratios To Look Out For
For context, Cross Country Healthcares, Inc.’s Current Ratio is 2.79. As well, the Quick Ratio is 2.79, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 8.81.
Transactions by insiders
Recent insider trading involved Mote Karen, Pres., Cross Country Locums, that happened on Mar 15 ’24 when 6216.0 shares were sold. Chief Human Resources Officer, McDonald Colin Patrick completed a deal on Feb 23 ’24 to sell 4000.0 shares. Meanwhile, VP, Corporate Treasurer Grieco Cynthia Ann sold 1000.0 shares on Nov 28 ’23.
