Crown Castle International Corp. (REIT) (NYSE:CCI) has its shares plummet by -11.75% or $17.56 from its all-time high of $149.47, with CCI attaining that price back on September 04, 2019. The drop in the price of the shares saw it stand at $131.91 per share. CCI has been trading at a low of $103.21 over the past one year but it surged by 27.81% or $28.7 to reach the $131.91 mark. Following the massive rise in stock price, CCI received more attention from investors and analysts. On Thursday, the stock dipped by -1.49%, which caused investors and analysts to worry about it. Following the plunge in price, the CCI beta stands at 0.29, implying that its volatility level has gone down by 0.71 back of the general market. A look at the stock’s 200-day moving average shows that it is 0.61% above while its 50-day moving average shows that it is currently -5.73% below. Compared to 1.89% average daily volatility of past month, the stock’s average volatility for this week has increased by 0.4 as the volatility level currently stands at 2.29%.
Over the past seven days, the stock has witnessed a price dip by -4.96%. This massive drop in stock price has caught the attention of both investors and market traders. The stock has performed excellently over the past 52 weeks, rising by 18.61% during that time frame and is now up by 21.43% since this point this year. CCI has fell by -3.89% over the past 30 days, with its equity price losing% of its value over the past ninety days. These figures add up to see the stock record a growth of 4.96% over the past six months.
The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 36.3 points. The trading volume now standing at 2122929 shares. The increase of 312929 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of CCI was 1810000 shares, which is more than 1.17 times higher than its usual trading volume.
Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $40.14/share over the next 12 months. If that happens, then GRUB would witness a 15.98% rise from its current price. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $27 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $77.
The stock is currently oversold as its Stochastic Oscillator (%D) is at 11.27%, which implies that a jump in price could be experienced soon. Its shares P/S ratio is above the 0.91 industry average and above the 0.64 by the wider market, as GRUB’s P/S ratio currently stands at 2.54. The stock’s estimated price-earnings (P/E) multiple is 77.78 which is also below the 12-month price-earnings (P/E) which stands at 824.05. Grubhub Inc. has experienced a rise in its earnings, recording an increase rate of 63.7% in each quarter over the past five years.
The stock has an average rating of 2.8 which means that it has been rated as a Holdby most analysts. The stock is being covered by 24 analysts who gave a consensus recommendation of 2.8 which implies that it is currently in a neutral situation. Reuters looked into analysts covering Grubhub Inc., and 17 of them believe that the stock is a Hold at the moment. 7 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (3) rated it as a sell at the moment.