A new trading day began on Friday, with Cross Country Healthcares, Inc. (NASDAQ: CCRN) stock price down -4.23% from the previous day of trading, before settling in for the closing price of $12.78. CCRN’s price has ranged from $12.71 to $25.65 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 28.45% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -76.82%. With a float of $31.92 million, this company’s outstanding shares have now reached $34.38 million.
In an organization with 2300 employees, it is important to assess its efficiency.
Cross Country Healthcares, Inc. (CCRN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Care Facilities Industry. The insider ownership of Cross Country Healthcares, Inc. is 5.58%, while institutional ownership is 102.72%. The most recent insider transaction that took place on Aug 02 ’24, was worth 33,473. In this transaction VP, Corporate Treasurer of this company sold 1,945 shares at a rate of $17.21, taking the stock ownership to the 7,605 shares. Before that another transaction happened on Aug 02 ’24, when Company’s Pres., Cross Country Locums sold 13,829 for $17.08, making the entire transaction worth $236,199. This insider now owns 24,696 shares in total.
Cross Country Healthcares, Inc. (CCRN) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -76.82% per share during the next fiscal year.
Cross Country Healthcares, Inc. (NASDAQ: CCRN) Trading Performance Indicators
Here are Cross Country Healthcares, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.26. Likewise, its price to free cash flow for the trailing twelve months is 2.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.23, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.70 in one year’s time.
Technical Analysis of Cross Country Healthcares, Inc. (CCRN)
Let’s dig in a bit further. During the last 5-days, its volume was 2.28 million. That was better than the volume of 0.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.26%. Additionally, its Average True Range was 0.71.
During the past 100 days, Cross Country Healthcares, Inc.’s (CCRN) raw stochastic average was set at 3.69%, which indicates a significant decrease from 7.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.21% in the past 14 days, which was lower than the 43.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.70, while its 200-day Moving Average is $16.96. However, in the short run, Cross Country Healthcares, Inc.’s stock first resistance to watch stands at $12.88. Second resistance stands at $13.52. The third major resistance level sits at $13.96. If the price goes on to break the first support level at $11.80, it is likely to go to the next support level at $11.36. Assuming the price breaks the second support level, the third support level stands at $10.72.
Cross Country Healthcares, Inc. (NASDAQ: CCRN) Key Stats
With a market capitalization of 413.83 million, the company has a total of 34,774K Shares Outstanding. Currently, annual sales are 2,020 M while annual income is 72,630 K. The company’s previous quarter sales were 339,770 K while its latest quarter income was -16,050 K.
