Consolidated Communications Holdings Inc. (NASDAQ:CNSL) Relative Strength Index (RSI) is 73.61, with weekly volatility at 4.05% and ATR at 0.36. The CNSL stock’s 52-week price range has touched low of $4.45 and a $9.89 high. Intraday shares traded counted 0.76 million, which was -43.61% lower than its 30-day average trading volume of 532.24K. Its shares traded higher over the last trading session, gaining 0.31% on 06/02/21. The shares fell to a low of $9.39 before closing at $9.62. CNSL’s previous close was $9.59 while the outstanding shares total 78.03M. The firm has a beta of 1.37.
Investors have identified the Telecom Services company Consolidated Communications Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $780.09 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Consolidated Communications Holdings Inc. (CNSL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CNSL, the company has in raw cash 325.14 million on their books with 5.02 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 500.46 million total, with 274.72 million as their total liabilities.
CNSL were able to record 22.53 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 169.58 million. In cash movements, the company had a total of 98.49 million as operating cash flow.
Potential earnings growth for Consolidated Communications Holdings Inc. (CNSL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Consolidated Communications Holdings Inc. recorded a total of 324.77 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.28% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -0.42%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 286.44 million trying to sell their products during the last quarter, with the result yielding a gross income of 38.33 million. This allows shareholders to hold on to 78.03M with the recently reported earning now reading -0.80 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.22 cents a share).
Is the stock of CNSL attractive?
In related news, Director, CURREY ROBERT J bought 27,700 shares of the company’s stock in a transaction that recorded on May 24. The purchase was performed at an average price of 9.02, for a total value of 249,975. As the purchase deal closes, the Director, Rahe Maribeth S now bought 10,000 shares of the company’s stock, valued at 79,100. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.
1 out of 4 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Consolidated Communications Holdings Inc.. 0 analysts has assigned a Sell rating on the CNSL stock. The 12-month mean consensus price target for the company’s shares has been set at $7.17.