Cross Country Healthcares, Inc. [NASDAQ: CCRN] stock went on a downward path that fall over -2.53% on Tuesday, amounting to a one-week price decrease of less than -4.38%.
Over the last 12 months, CCRN stock dropped by -47.16%. The one-year Cross Country Healthcares, Inc. stock forecast points to a potential upside of 29.57. The average equity rating for CCRN stock is currently 2.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $442.91 million, with 34.38 million shares outstanding and 31.92 million shares in the current float. Compared to the average trading volume of 497.26K shares, CCRN stock reached a trading volume of 7380275 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Cross Country Healthcares, Inc. [CCRN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCRN shares is $18.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCRN stock is a recommendation set at 2.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for Cross Country Healthcares, Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on December 06, 2023. While these analysts kept the previous recommendation, Jefferies dropped their target price from $32 to $21. The new note on the price target was released on November 03, 2023, representing the official price target for Cross Country Healthcares, Inc. stock.
The Average True Range (ATR) for Cross Country Healthcares, Inc. is set at 0.72, with the Price to Sales ratio for CCRN stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 2.06. Price to Free Cash Flow for CCRN in the course of the last twelve months was 2.78 with Quick ratio for the last quarter at 3.07.
CCRN Stock Performance Analysis:
Cross Country Healthcares, Inc. [CCRN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.38. With this latest performance, CCRN shares dropped by -12.20% in over the last four-week period, additionally sinking by -26.73% over the last 6 months – not to mention a drop of -47.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCRN stock in for the last two-week period is set at 39.13, with the RSI for the last a single of trading hit 36.43, and the three-weeks RSI is set at 41.08 for Cross Country Healthcares, Inc. [CCRN]. The present Moving Average for the last 50 days of trading for this stock 14.89, while it was recorded at 13.44 for the last single week of trading, and 17.09 for the last 200 days.
Insight into Cross Country Healthcares, Inc. Fundamentals:
Cross Country Healthcares, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.07 and a Current Ratio set at 3.07.
CCRN Stock EPS
With the latest financial reports released by the company, Cross Country Healthcares, Inc. posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCRN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cross Country Healthcares, Inc. go to 10.00%.
Cross Country Healthcares, Inc. [CCRN] Institutonal Ownership Details
There are presently around $106.87%, or 113.02%% of CCRN stock, in the hands of institutional investors. The top three institutional holders of CCRN stocks are: BLACKROCK INC. with ownership of 5.92 million shares, which is approximately 17.4438%. PACER ADVISORS, INC., holding 4.55 million shares of the stock with an approximate value of $$62.98 million in CCRN stocks shares; and PACER ADVISORS, INC., currently with $$34.57 million in CCRN stock with ownership which is approximately 7.3552%.
