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Crown Castle Inc (CCI) Stock Could Soon Reward Patient Investors

Crown Castle Inc (NYSE: CCI) is -9.46% lower on its value in year-to-date trading and has touched a low of $84.72 and a high of $119.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CCI stock was last observed hovering at around $103.94 in the last trading session, with the day’s gains setting it 0.35%.

Currently trading at $104.29, the stock is 4.70% and 4.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.48 million and changing 0.34% at the moment leaves the stock 1.15% off its SMA200. CCI registered -2.79% loss for a year compared to 6-month loss of -4.11%.

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The stock witnessed a 8.07% gain in the last 1 month and extending the period to 3 months gives it a 9.69%, and is 0.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.18% over the week and 1.91% over the month.

Crown Castle Inc (CCI) has around 4700 employees, a market worth around $45.37B and $6.61B in sales. Current P/E ratio is 38.14 and Fwd P/E is 39.16. Profit margin for the company is 17.98%. Distance from 52-week low is 23.10% and -12.73% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).

The EPS is expected to shrink by -21.63% this year.

Crown Castle Inc (CCI) Top Institutional Holders

The shares outstanding are 435.00M, and float is at 434.22M with Short Float at 1.12%.

Crown Castle Inc (CCI) Insider Activity

The most recent transaction is an insider purchase by Genrich Jason,the company’sDirector. SEC filings show that Genrich Jason bought 18 shares of the company’s common stock on Apr 02 ’24 at a price of $103.17 per share for a total of $1857.0. Following the purchase, the insider now owns 3041.0 shares.

Crown Castle Inc disclosed in a document filed with the SEC on Mar 05 ’24 that Collins Robert Sean (Vice President and Controller) sold a total of 3,250 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $113.49 per share for $0.37 million. Following the transaction, the insider now directly holds 8275.0 shares of the CCI stock.

Still, SEC filings show that on Jan 18 ’24, Genrich Jason (Director) acquired 99 shares at an average price of $109.32 for $10823.0. The insider now directly holds 3,023 shares of Crown Castle Inc (CCI).

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