Custom Truck One Source Inc (NYSE:CTOS) price on Friday, March 21, fall -0.21% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.79.
A look at the stock’s price movement, the close in the last trading session was $4.80, moving within a range at $4.65 and $4.79. The beta value (5-Year monthly) was 0.672. Turning to its 52-week performance, $6.27 and $3.03 were the 52-week high and 52-week low respectively. Overall, CTOS moved -0.21% over the past month.
Custom Truck One Source Inc’s market cap currently stands at around $1.08 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-03.
Analysts have a consensus estimate of 435.18M for the company’s revenue for the quarter, with a low and high estimate of 426M and 461.5M respectively. The average forecast suggests up to a 5.81% 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 1.99B, representing a 10.63% jump 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 CTOS is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 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 0 analyst(s) rate the stock as a Hold, 1 recommend CTOS 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.
CTOS’s current price about 3.37% and -0.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.88, while 7-day volatility ratio is 3.51% and 5.81% in the 30-day chart. Further, Custom Truck One Source Inc (CTOS) has a beta value of 0.77, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -4.38% off current price level while to achieve the yearly target high, price needs to move -4.38%. Nonetheless, investors will most likely welcome a -4.38% jump to $5 which is the analysts’ median price.
If we refocus on Custom Truck One Source Inc (NYSE:CTOS), historical trading data shows that trading volumes averaged 0.61 over the past 10 days and 732.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 233.79 million shares.
The 71.30% of Custom Truck One Source Inc’s shares are in the hands of company insiders while institutional holders own 25.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.76 million on 2025-02-28, giving us a short ratio of 7.66. The data shows that as of 2025-02-28 short interest in Custom Truck One Source Inc (CTOS) stood at 1259.0000000000002 of shares outstanding, with shares short rising to 4.2 million registered in 2025-01-31. Current price change has pushed the stock -0.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CTOS stock continues to rise going into the next quarter.
