Ready to Jump After Recent Trade: Crown Castle Inc (CCI)

With 2.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.46 million shares. The 52-week range on CCI shows that it touched its highest point at $145.68 and its lowest point at $84.72 during that stretch. It currently has a 1-year price target of $115.31. With its current market cap of 46.38 billion, CCI has annualized dividend of $6.26 while the current yield stands at 5.86%. Beta for the stock currently stands at 0.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCI was down-trending over the past week, with a drop of -1.27%, but this was down by -6.88% over a month. Three-month performance surged to 10.03% while six-month performance rose 2.72%. The stock lost -26.68% in the past year, while it has lost -7.22% so far this year. A look at the trailing 12-month EPS for CCI yields 3.45 with Next year EPS estimates of 2.54. For the next quarter, that number is 0.70. This implies an EPS growth rate of -15.91% for this year and -12.71% for next year. EPS is expected to decline by -10.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.05%.


Float and Shares Shorts:

At present, 434.00 million CCI shares are outstanding with a float of 432.15 million shares on hand for trading. On Jan 11, 2024, short shares totaled 3.16 million, which was 0.73% higher than short shares on Dec 14, 2023. In addition to CCL as the firm’s Carnival Corporation, CCJ serves as its Cameco Corporation.

Institutional Ownership:

Through their ownership of 92.36% of CCI’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CCI analysts setting a high price target of $133.00 and a low target of $85.00, the average target price over the next 12 months is $115.31. Based on these targets, CCI could surge 24.45% to reach the target high and fall by -20.46% to reach the target low. Reaching the average price target will result in a growth of 7.9% from current levels.

Summary of Insider Activity:

Insiders traded CCI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 107,723 while 52,944 shares were sold.