Custom Truck One Source Inc (NYSE: CTOS) – Not A Clear Buying Opportunity?

Custom Truck One Source Inc (CTOS) concluded trading on Thursday at a closing price of $3.74, with 3.2 million shares of worth about $11.96 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -38.59% during that period and on September 05, 2024 the price saw a loss of about -1.58%. Currently the company’s common shares owned by public are about 241.01M shares, out of which, 55.44M shares are available for trading.

Stock saw a price change of -11.58% in past 5 days and over the past one month there was a price change of -4.35%. Year-to-date (YTD), CTOS shares are showing a performance of -39.48% which decreased to -44.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.61 but also hit the highest price of $7.00 during that period. The average intraday trading volume for Custom Truck One Source Inc shares is 618.37K. The stock is currently trading -12.14% below its 20-day simple moving average (SMA20), while that difference is down -15.45% for SMA50 and it goes to -30.10% lower than SMA200.

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Custom Truck One Source Inc (NYSE: CTOS) currently have 241.01M outstanding shares and institutions hold larger chunk of about 19.56% of that.

The stock has a current market capitalization of $883.43M and its 3Y-monthly beta is at 0.65. It has posted earnings per share of -$0.06 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 2.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTOS, volatility over the week remained 6.10% while standing at 4.46% over the month.

Stock’s fiscal year EPS is expected to drop by -163.81% while it is estimated to increase by 136.07% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on February 16, 2023 offering a Buy rating for the stock and assigned a target price of $12 to it. Coverage by JP Morgan stated Custom Truck One Source Inc (CTOS) stock as a Neutral in their note to investors on December 13, 2022, suggesting a price target of $7.50 for the stock. On March 30, 2022, Deutsche Bank Initiated their recommendations, while on January 14, 2022, Robert W. Baird Initiated their ratings for the stock with a price target of $11. Stock get a Buy rating from Citigroup on December 20, 2021.

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