Cross Country Healthcares, Inc (NASDAQ:CCRN) price on Friday, January 17, rose 0.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.18.
A look at the stock’s price movement, the close in the last trading session was $18.12, moving within a range at $18.11 and $18.19. The beta value (5-Year monthly) was 0.65. Turning to its 52-week performance, $23.15 and $9.58 were the 52-week high and 52-week low respectively. Overall, CCRN moved 1.39% over the past month.
Cross Country Healthcares, Inc’s market cap currently stands at around $586.81 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 306.17M for the company’s revenue for the quarter, with a low and high estimate of 304.97M and 307.84M respectively. The average forecast suggests down to a -26.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.34B, representing a -33.64% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CCRN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend CCRN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CCRN’s current price about 0.48% and 19.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.23, while 7-day volatility ratio is 0.41% and 0.56% in the 30-day chart. Further, Cross Country Healthcares, Inc (CCRN) has a beta value of 0.45, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is -15.51% off current price level while to achieve the yearly target high, price needs to move -15.51%. Nonetheless, investors will most likely welcome a -15.51% jump to $21 which is the analysts’ median price.
If we refocus on Cross Country Healthcares, Inc (NASDAQ:CCRN), historical trading data shows that trading volumes averaged 0.6 over the past 10 days and 857.73K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.57 million shares.
The 5.90% of Cross Country Healthcares, Inc’s shares are in the hands of company insiders while institutional holders own 114.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.56 million on 2024-12-31, giving us a short ratio of 1.82. The data shows that as of 2024-12-31 short interest in Cross Country Healthcares, Inc (CCRN) stood at 1043.99994 of shares outstanding, with shares short falling to 2.62 million registered in 2024-11-29. Current price change has pushed the stock 0.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CCRN stock continues to rise going into the next quarter.
