At the time of writing, Cross Country Healthcares, Inc. [CCRN] stock is trading at $17.11, down -2.51%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CCRN shares have gain 3.57% over the last week, with a monthly amount glided 25.62%, 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.
For the past year, the stock price of Cross Country Healthcares, Inc. fluctuated between $12.87 and $26.58. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Cross Country Healthcares, Inc. [NASDAQ: CCRN] shares were valued at $17.11 at the most recent close of the market. An investor can expect a potential return of 22.74% based on the average CCRN price forecast.
Analyzing the CCRN fundamentals
According to Cross Country Healthcares, Inc. [NASDAQ:CCRN], the company’s sales were 1.58B for trailing twelve months, which represents an -37.16% plunge. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.06. 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 16.71 points at the first support level, and at 16.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.43, and for the 2nd resistance point, it is at 17.74.
Ratios To Look Out For
It is important to note that Cross Country Healthcares, Inc. [NASDAQ:CCRN] has a current ratio of 3.07. In addition, the Quick Ratio stands at 3.07 and the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 74.33.
Transactions by insiders
Recent insider trading involved Krug Marc S., Group President, Delivery, that happened on May 30 ’24 when 13657.0 shares were sold. Chief Information Officer, Noe Phillip Lyn completed a deal on May 23 ’24 to sell 9646.0 shares. Meanwhile, Pres., Cross Country Locums Mote Karen sold 6216.0 shares on Mar 15 ’24.
