The outlook and analysis of Custom Truck One Source Inc (CTOS)’s stock

At the time of writing, Custom Truck One Source Inc [CTOS] stock is trading at $5.88, up 2.80%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CTOS shares have gain 16.44% over the last week, with a monthly amount glided 81.48%, and 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.

For the past year, the stock price of Custom Truck One Source Inc fluctuated between $3.03 and $7.00. Currently, Wall Street analysts expect the stock to reach $6.38 within the next 12 months. Custom Truck One Source Inc [NYSE: CTOS] shares were valued at $5.88 at the most recent close of the market. An investor can expect a potential return of 8.5% based on the average CTOS price forecast.

Analyzing the CTOS fundamentals

According to Custom Truck One Source Inc [NYSE:CTOS], the company’s sales were 1.80B for trailing twelve months, which represents an 2.96% jump. Gross Profit Margin for this corporation currently stands at 0.21% 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 -11.2, Equity is -0.06 and Total Capital is 49.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2974.42.

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 6.15.

Ratios To Look Out For

It is important to note that Custom Truck One Source Inc [NYSE:CTOS] has a current ratio of 1.28. Further, the Quick Ratio stands at 0.19, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.64.

Transactions by insiders

Recent insider trading involved ECP ControlCo, LLC, 10% Owner, that happened on Sep 05 ’24 when 2.35 million shares were sold. 10% Owner, NESCO Holdings, LP completed a deal on Sep 05 ’24 to sell 2.35 million shares. Meanwhile, Former Director Nesco Holdings, L.P. bought 1.94 million shares on Sep 05 ’24.

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