In Friday’s Wall Street session, Custom Truck One Source Inc (NYSE:CTOS) shares traded at $5.02, down -2.71% from the previous session.
CTOS stock price is now -0.52% away from the 50-day moving average and 11.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.17B.
With the price target of $12, DA Davidson recently initiated with Buy rating for Custom Truck One Source Inc (NYSE: CTOS). On December 13, 2022, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $7.50, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, PE One Source Holdings, LLC, 10% Owner bought 8,143,635 shares of the company’s stock on Jan 30 ’25. The stock was bought for $32,574,540 at an average price of $4.00. Upon completion of the transaction, the 10% Owner now directly owns 156,743,635 shares in the company, valued at $786.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 30 ’25, 10% Owner PLATINUM EQUITY, LLC bought 8,143,635 shares of the business’s stock. A total of $32,574,540 was incurred on buying the stock at an average price of $4.00. This leaves the insider owning 156,743,635 shares of the company worth $786.85 million. A total of 71.31% of the company’s stock is owned by insiders.
During the past 12 months, Custom Truck One Source Inc has had a low of $3.03 and a high of $7.00. As of last week, the company has a debt-to-equity ratio of 3.04, a current ratio of 1.28, and a quick ratio of 0.19. The fifty day moving average price for CTOS is $5.046 and a two-hundred day moving average price translates $4.4933 for the stock.
The latest earnings results from Custom Truck One Source Inc (NYSE: CTOS) was released for 2024-09-30. The net profit margin was -2.22% and return on equity was -4.58% for CTOS. The company reported revenue of $447.22 million for the quarter, compared to $434.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.96 percent.
