Custom Truck One Source Inc (CTOS) Has Great Growth Outlook For 2024

Custom Truck One Source Inc (NYSE:CTOS) has a beta value of 0.71 and has seen 1.32 million shares traded in the last trading session. The company, currently valued at $1.45B, closed the last trade at $5.72 per share which meant it gained $0.47 on the day or 8.95% during that session. The CTOS stock price is -22.38% off its 52-week high price of $7.00 and 47.03% above the 52-week low of $3.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.6 million shares traded. The 3-month trading volume is 610.53K shares.

The consensus among analysts is that Custom Truck One Source Inc (CTOS) is Buy stock at the moment, with a recommendation rating of 1.83. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

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

Sporting 8.95% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CTOS stock price touched $5.72 or saw a rise of 1.38%. Year-to-date, Custom Truck One Source Inc shares have moved -7.44%, while the 5-day performance has seen it change 12.38%. Over the past 30 days, the shares of Custom Truck One Source Inc (NYSE:CTOS) have changed 78.75%. Short interest in the company has seen 4.6 million shares shorted with days to cover at 8.35.

Wall Street analysts have a consensus price target for the stock at $5.75, which means that the shares’ value could jump 0.52% from current levels. The projected low price target is $5.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -57.34% off the targeted high while a plunge would see the stock lose 12.59% from current levels.

Custom Truck One Source Inc (CTOS) estimates and forecasts

Figures show that Custom Truck One Source Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 24.62% over the past 6 months, with this year growth rate of -200.00%, compared to 9.00% for the industry.

Earnings growth for 2024 is a modest -185.60% while over the next 5 years, the company’s earnings are expected to increase by 19.30%.

CTOS Dividends

Custom Truck One Source Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are PLATINUM EQUITY ADVISORS, LLC/DE with over 148.6 million shares worth more than $646.41 million. As of 2024-06-30, PLATINUM EQUITY ADVISORS, LLC/DE held 61.8229% of shares outstanding.

The other major institutional holder is ECP CONTROLCO, LLC, with the holding of over 25.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $112.05 million and represent 10.7161% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Allspring Special Small Cap Value Fund and Global X Fds-Global X U.S. Infrastructure Development ETF . As of Sep 30, 2024 , the former fund manager holds about 1.62% shares in the company for having 3.88 shares of worth $22.2 million while later fund manager owns 3.25 shares of worth $18.6 million as of Sep 30, 2024 , which makes it owner of about 1.35% of company’s outstanding stock.