Crown Castle Inc (NYSE:CCI) shares, rose in value on Wednesday, May 07, with the stock price down by -1.57% to the previous day’s close as strong demand from buyers drove the stock to $104.75.
Actively observing the price movement in the last trading, the stock closed the session at $106.42. Referring to stock’s 52-week performance, its high was $120.92, and the low was $84.20. On the whole, CCI has fluctuated by 6.66% over the past month.
With the market capitalization of Crown Castle Inc currently standing at about $45.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 6.26, with its dividend yield at 5.98%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.21B, with a low estimate of 999.6M and a high estimate of 1.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.04B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CCI currently trading nearly 2.50% and 3.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.74, while the 7-day volatility ratio is showing 1.90% which for the 30-day chart, stands at 2.95%. Furthermore, Crown Castle Inc (CCI)’s beta value is 0.93, and its average true range (ATR) is 2.80.
A comparison of Crown Castle Inc (CCI) with its peers suggests the former has fared considerably weaker in the market. CCI showed an intraday change of -1.57% in last session, and over the past year, it grew by 7.56%%.
Data on historical trading for Crown Castle Inc (NYSE:CCI) indicates that the trading volumes over the past 3 months, they’ve averaged 3.52 million. According to company’s latest data on outstanding shares, there are 435.00 million shares outstanding.
Nearly 0.27% of Crown Castle Inc’s shares belong to company insiders and institutional investors own 95.50% of the company’s shares. The stock has risen by 15.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCI stock heading into the next quarter.
