Crown Holdings, Inc. [CCK] Is Currently -1.08 below its 200 Period Moving Avg: What Does This Mean?

Crown Holdings, Inc. [NYSE: CCK] slipped around -1.0 points on Thursday, while shares priced at $91.60 at the close of the session, down -1.08%.

Compared to the average trading volume of 1.10M shares, CCK reached a trading volume of 3637298 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Crown Holdings, Inc. [CCK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCK shares is $103.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCK stock is a recommendation set at 1.79. 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.

Robert W. Baird have made an estimate for Crown Holdings, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 16, 2024. While these analysts kept the previous recommendation, Truist raised their target price from $100 to $88. The new note on the price target was released on March 27, 2024, representing the official price target for Crown Holdings, Inc. stock. Previously, the target price had yet another raise to $87, while Morgan Stanley analysts kept a Equal-Weight rating on CCK stock.

The Average True Range (ATR) for Crown Holdings, Inc. is set at 1.58, with the Price to Sales ratio for CCK stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 4.41, with the Price to Cash per share for the same quarter was set at 12.52. Price to Free Cash Flow for CCK in the course of the last twelve months was 10.48 with Quick ratio for the last quarter at 0.73.

How has CCK stock performed recently?

Crown Holdings, Inc. [CCK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.76. With this latest performance, CCK shares gained by 1.85% in over the last four-week period, additionally plugging by 15.21% over the last 6 months – not to mention a rise of 8.39% 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 CCK stock in for the last two-week period is set at 45.74, with the RSI for the last a single of trading hit 37.94, and the three-weeks RSI is set at 50.85 for Crown Holdings, Inc. [CCK]. The present Moving Average for the last 50 days of trading for this stock 90.63, while it was recorded at 92.47 for the last single week of trading, and 83.52 for the last 200 days.

Crown Holdings, Inc. [CCK]: Deeper insight into the fundamentals

Crown Holdings, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 1.05.

Earnings analysis for Crown Holdings, Inc. [CCK]

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 CCK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crown Holdings, Inc. go to 11.43%.

Insider trade positions for Crown Holdings, Inc. [CCK]

There are presently around $94.42%, or 95.27%% of CCK stock, in the hands of institutional investors. The top three institutional holders of CCK stocks are: VANGUARD GROUP INC with ownership of 12.05 million shares, which is approximately 10.0771%. BLACKROCK INC., holding 11.76 million shares of the stock with an approximate value of $$874.86 million in CCK stocks shares; and BLACKROCK INC., currently with $$597.99 million in CCK stock with ownership which is approximately 6.7212%.