Stock Rating Downgrade
The Value Trend Rating for Cross Country Healthcare Inc (NASDAQ: CCRN) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Cross Country Healthcare Inc (NASDAQ: CCRN) stock rose modestly by 0.8% on 3/1/24. The stock closed at $18.42. However, trading volume in this advance was unusually low at 65% of normal. The stock has been weak relative to the market over the last nine months but has risen 8.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CCRN is expected to be Value Creation neutral.
Cross Country Healthcare has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Cross Country Healthcare has a neutral Appreciation Score of 43 but a poor Power Rating of 24, resulting in the Negative Value Trend Rating.