While Cross Country Healthcares, Inc. has overperformed by 0.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCRN fell by -41.95%, with highs and lows ranging from $25.76 to $12.87, whereas the simple moving average fell by -21.31% in the last 200 days.
On December 06, 2023, JMP Securities started tracking Cross Country Healthcares, Inc. (NASDAQ: CCRN) recommending Mkt Perform. A report published by Jefferies on November 03, 2023, Downgraded its rating to ‘Hold’ for CCRN. Loop Capital Initiated an Buy rating on March 10, 2023, and assigned a price target of $30. Truist October 05, 2022d its ‘Buy’ rating to ‘Hold’ for CCRN, as published in its report on October 05, 2022. Jefferies’s report from January 27, 2022 suggests a price prediction of $27 for CCRN shares, giving the stock a ‘Buy’ rating. The Benchmark Company also rated the stock as ‘Buy’.
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Analysis of Cross Country Healthcares, Inc. (CCRN)
Further, the quarter-over-quarter decrease in sales is -37.16%, showing a negative trend in the upcoming months.
One of the most important indicators of Cross Country Healthcares, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 1.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CCRN is recording 433.18K average volume. On a monthly basis, the volatility of the stock is set at 4.69%, whereas on a weekly basis, it is put at 6.53%, with a loss of -5.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.60, showing growth from the present price of $13.88, which can serve as yet another indication of whether CCRN is worth investing in or should be passed over.
How Do You Analyze Cross Country Healthcares, Inc. Shares?
The Medical Care Facilities market is dominated by Cross Country Healthcares, Inc. (CCRN) based in the USA. When comparing Cross Country Healthcares, Inc. shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 60.30, there is a growth in quarterly earnings of -178.65%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.78% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CCRN shares are owned by institutional investors to the tune of 102.78% at present.
