Custom Truck One Source Inc (NYSE:CTOS) Up 59.37% Over The Past 30 Days: Any Troubles Ahead?

In last trading session, Custom Truck One Source Inc (NYSE:CTOS) saw 0.64 million shares changing hands with its beta currently measuring 0.71. Company’s recent per share price level of $5.02 trading at $0.01 or 0.20% at ring of the bell on the day assigns it a market valuation of $1.17B. That closing price of CTOS’s stock is at a discount of -39.44% from its 52-week high price of $7.00 and is indicating a premium of 39.64% from its 52-week low price of $3.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.77 million shares which gives us an average trading volume of 603.60K if we extend that period to 3-months.

For Custom Truck One Source Inc (CTOS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.04 in the current quarter.

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Custom Truck One Source Inc (NYSE:CTOS) trade information

Upright in the green during last session for gaining 0.20%, in the last five days CTOS remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $5.02 price level, adding 1.76% to its value on the day. Custom Truck One Source Inc’s shares saw a change of -18.77% in year-to-date performance and have moved 24.57% in past 5-day. Custom Truck One Source Inc (NYSE:CTOS) showed a performance of 59.37% in past 30-days. Number of shares sold short was 4.78 million shares which calculate 9.23 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5.75 to the stock, which implies a rise of 12.7% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would jump 0.4% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.4% for stock’s current value.

Custom Truck One Source Inc (CTOS) estimates and forecasts

Statistics highlight that Custom Truck One Source Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 10.82% of value to its shares in past 6 months, showing an annual growth rate of -200.00% while that of industry is 7.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.20% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 547.16M for the same. And 4 analysts are in estimates of company making revenue of 434.08M in the next quarter. Company posted 521.75M and 455.93M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around -185.60% while estimates for its earnings growth in next 5 years are of 19.30%.

Custom Truck One Source Inc (NYSE:CTOS)’s Major holders

PLATINUM EQUITY ADVISORS, LLC/DE is the top institutional holder at CTOS for having 148.6 million shares of worth $646.41 million. And as of 2024-06-30, it was holding 61.8229 of the company’s outstanding shares.

The second largest institutional holder is ECP CONTROLCO, LLC, which was holding about 25.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.7161 of outstanding shares, having a total worth of $112.05 million.