Cross Country Healthcares, Inc (CCRN) stock poised to deliver a potential return of 17.38%

At the time of writing, Cross Country Healthcares, Inc [CCRN] stock is trading at $17.89, down -0.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The CCRN shares have lost -0.83% over the last week, with a monthly amount glided 73.02%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cross Country Healthcares, Inc [NASDAQ: CCRN] stock has seen the most recent analyst activity on December 10, 2024, when Barrington Research downgraded its rating to a Mkt Perform. On November 03, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $21 on the stock. William Blair started tracking the stock assigning a Outperform rating. Loop Capital initiated its recommendation with a Buy and recommended $30 as its price target on March 10, 2023. Truist downgraded its rating to Hold for this stock on October 05, 2022, but kept the price target unchanged to $36. In a note dated January 27, 2022, Jefferies upgraded an Buy rating on this stock and boosted its target price from $18 to $27.

For the past year, the stock price of Cross Country Healthcares, Inc fluctuated between $9.58 and $23.64. 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 $17.89 at the most recent close of the market. An investor can expect a potential return of 17.38% based on the average CCRN price forecast.

Analyzing the CCRN fundamentals

According to Cross Country Healthcares, Inc [NASDAQ:CCRN], the company’s sales were 1.45B for trailing twelve months, which represents an -28.75% plunge. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.02.

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 17.87 points at the first support level, and at 17.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.93, and for the 2nd resistance point, it is at 17.97.

Ratios To Look Out For

It is important to note that Cross Country Healthcares, Inc [NASDAQ:CCRN] has a current ratio of 2.79. On the other hand, the Quick Ratio is 2.79, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 0.40, the price to book ratio is 1.37.

Transactions by insiders

Recent insider trading involved Grieco Cynthia Ann, VP, Corporate Treasurer, that happened on Aug 02 ’24 when 1945.0 shares were sold. Pres., Cross Country Locums, Mote Karen completed a deal on Aug 02 ’24 to sell 13829.0 shares. Meanwhile, Group President, Delivery Krug Marc S. sold 13657.0 shares on May 30 ’24.

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