Let’s look at the key reasons that are pushing Cross Country Healthcares, Inc (CCRN) to new highs

On Monday, Cross Country Healthcares, Inc (NASDAQ: CCRN) opened higher 7.06% from the last session, before settling in for the closing price of $10.76. Price fluctuations for CCRN have ranged from $9.58 to $23.64 over the past 52 weeks.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 28.45%. Company’s average yearly earnings per share was noted -76.64% at the time writing. With a float of $31.06 million, this company’s outstanding shares have now reached $32.57 million.

Let’s determine the extent of company efficiency that accounts for 2300 employees. In terms of profitability, gross margin is 19.95%, operating margin of 0.78%, and the pretax margin is 0.03%.

Cross Country Healthcares, Inc (CCRN) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Medical Care Facilities industry is another important factor to consider. The insider ownership of Cross Country Healthcares, Inc is 5.63%, while institutional ownership is 106.14%. 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) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.27) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -76.64% per share during the next fiscal year.

Cross Country Healthcares, Inc (NASDAQ: CCRN) Trading Performance Indicators

Check out the current performance indicators for Cross Country Healthcares, Inc (CCRN). In the past quarter, the stock posted a quick ratio of 2.79. 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 3.82.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.58 in one year’s time.

Technical Analysis of Cross Country Healthcares, Inc (CCRN)

Looking closely at Cross Country Healthcares, Inc (NASDAQ: CCRN), its last 5-days average volume was 0.38 million, which is a drop from its year-to-date volume of 0.53 million. As of the previous 9 days, the stock’s Stochastic %D was 79.00%. Additionally, its Average True Range was 0.59.

During the past 100 days, Cross Country Healthcares, Inc’s (CCRN) raw stochastic average was set at 21.75%, which indicates a significant decrease from 96.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.30% in the past 14 days, which was higher than the 56.46% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.81, while its 200-day Moving Average is $14.87. However, in the short run, Cross Country Healthcares, Inc’s stock first resistance to watch stands at $11.86. Second resistance stands at $12.21. The third major resistance level sits at $12.82. If the price goes on to break the first support level at $10.90, it is likely to go to the next support level at $10.29. Now, if the price goes above the second support level, the third support stands at $9.94.

Cross Country Healthcares, Inc (NASDAQ: CCRN) Key Stats

There are currently 32,917K shares outstanding in the company with a market cap of 377.79 million. Presently, the company’s annual sales total 2,020 M according to its annual income of 72,630 K. Last quarter, the company’s sales amounted to 315,120 K and its income totaled 2,560 K.