Cross Country Healthcare Stock Price Prediction
| CCRN Stock | USD 17.77 0.75 4.41% |
Oversold Vs Overbought
48
Oversold | Overbought |
Cross Country Healthcare stock price prediction is an act of determining the future value of Cross Country shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Cross Country's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Cross Country and does not consider all of the tangible or intangible factors available from Cross Country's fundamental data. We analyze noise-free headlines and recent hype associated with Cross Country Healthcare, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Cross Country's stock price prediction:Quarterly Earnings Growth (0.75) | EPS Estimate Next Quarter 0.28 | EPS Estimate Current Year 0.93 | EPS Estimate Next Year 1.22 | Wall Street Target Price 19.17 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Cross Country based on different types of headlines from major news networks to social media. The Cross stock price prediction module provides an analysis of price elasticity to changes in media outlook on Cross Country over a specific investment horizon. Using Cross Country hype-based prediction, you can estimate the value of Cross Country Healthcare from the perspective of Cross Country response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Cross Country using Cross Country's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Cross using crowd psychology based on the activity and movement of Cross Country's stock price.
Cross Country Implied Volatility | 60.01 |
Cross Country's implied volatility exposes the market's sentiment of Cross Country Healthcare stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cross Country's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cross Country stock will not fluctuate a lot when Cross Country's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Cross Country. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Cross Country to buy its stock at a price that has no basis in reality. In that case, they are not buying Cross because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Cross Country after-hype prediction price | USD 17.71 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Cross contract
Based on the Rule 16, the options market is currently suggesting that Cross Country Healthcare will have an average daily up or down price movement of about 3.75% per day over the life of the 2024-05-17 option contract. With Cross Country trading at USD 17.77, that is roughly USD 0.67 . If you think that the market is fully incorporating Cross Country's daily price movement you should consider acquiring Cross Country Healthcare options at the current volatility level of 60.01%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Cross |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cross Country's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cross Country After-Hype Price Prediction Density Analysis
As far as predicting the price of Cross Country at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Cross Country or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Cross Country, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Cross Country Estimiated After-Hype Price Volatility
In the context of predicting Cross Country's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Cross Country's historical news coverage. Cross Country's after-hype downside and upside margins for the prediction period are 14.34 and 21.08, respectively. We have considered Cross Country's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Cross Country is not too volatile at this time. Analysis and calculation of next after-hype price of Cross Country Healthcare is based on 3 months time horizon.
Cross Country Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Cross Country is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cross Country backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Cross Country, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.29 | 3.37 | 0.06 | 0.08 | 8 Events / Month | 3 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
17.77 | 17.71 | 0.34 |
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Cross Country Hype Timeline
Cross Country Healthcare is currently traded for 17.77. The entity has historical hype elasticity of -0.06, and average elasticity to hype of competition of 0.08. Cross is projected to decline in value after the next headline, with the price expected to drop to 17.71. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.34%, whereas the daily expected return is currently at -0.29%. The volatility of related hype on Cross Country is about 1229.93%, with the expected price after the next announcement by competition of 17.85. About 95.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.29. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cross Country Healthcare has Price/Earnings To Growth (PEG) ratio of 1.85. The entity had not issued any dividends in recent years. Given the investment horizon of 90 days the next projected press release will be in about 8 days. Check out Cross Country Basic Forecasting Models to cross-verify your projections.Cross Country Related Hype Analysis
Having access to credible news sources related to Cross Country's direct competition is more important than ever and may enhance your ability to predict Cross Country's future price movements. Getting to know how Cross Country's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Cross Country may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ASGN | ASGN Inc | 1.03 | 11 per month | 1.73 | 0.03 | 2.56 | (3.06) | 8.24 | |
| KFRC | Kforce Inc | (0.40) | 10 per month | 0.00 | (0.07) | 2.89 | (2.74) | 10.15 | |
| KELYA | Kelly Services A | 0.01 | 10 per month | 1.32 | 0.09 | 2.43 | (2.52) | 10.84 | |
| AMN | AMN Healthcare Services | 0.65 | 9 per month | 0.00 | (0.12) | 3.53 | (4.08) | 25.02 | |
| CENTA | Central Garden Pet | 0.08 | 10 per month | 1.65 | (0) | 3.18 | (2.92) | 10.17 |
Cross Country Additional Predictive Modules
Most predictive techniques to examine Cross price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cross using various technical indicators. When you analyze Cross charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Cross Country Predictive Indicators
The successful prediction of Cross Country stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Cross Country Healthcare, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Cross Country based on analysis of Cross Country hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Cross Country's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Cross Country's related companies. | 2023 | 2024 (projected) | Dividend Yield | 2.75E-4 | 2.45E-4 | Price To Sales Ratio | 0.39 | 0.75 |
Story Coverage note for Cross Country
The number of cover stories for Cross Country depends on current market conditions and Cross Country's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Cross Country is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Cross Country's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Cross Country Short Properties
Cross Country's future price predictability will typically decrease when Cross Country's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Cross Country Healthcare often depends not only on the future outlook of the potential Cross Country's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cross Country's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.5 M | |
| Cash And Short Term Investments | 17.1 M |
Check out Cross Country Basic Forecasting Models to cross-verify your projections. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Cross Stock analysis
When running Cross Country's price analysis, check to measure Cross Country's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cross Country is operating at the current time. Most of Cross Country's value examination focuses on studying past and present price action to predict the probability of Cross Country's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cross Country's price. Additionally, you may evaluate how the addition of Cross Country to your portfolios can decrease your overall portfolio volatility.
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Is Cross Country's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cross Country. If investors know Cross will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cross Country listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Earnings Share 2.05 | Revenue Per Share 57.447 | Quarterly Revenue Growth (0.34) | Return On Assets 0.09 |
The market value of Cross Country Healthcare is measured differently than its book value, which is the value of Cross that is recorded on the company's balance sheet. Investors also form their own opinion of Cross Country's value that differs from its market value or its book value, called intrinsic value, which is Cross Country's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cross Country's market value can be influenced by many factors that don't directly affect Cross Country's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cross Country's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cross Country is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cross Country's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.