Cross Country Healthcare Closes 2023 Trading at $23.41, Generating Excitement for Investors.
March 19, 2023
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Cross Country Healthcare ($NASDAQ:CCRN) Inc. (CCH) has been steadily growing and investors are excited to see the stock closing at $23.41 on the first trading day of 2023. This slight decrease of 0.09% from its previous closing price of $23.43 is a positive sign for investors, as CCH’s stock price has increased steadily over the previous year. The stock’s performance is a result of the company’s focus on providing high quality healthcare services to underserved communities throughout the country. CCH has also invested heavily in developing innovative technology solutions and expanding their reach, with plans to open new facilities in more than ten states by the end of the year. CCH’s commitment to improving healthcare access, coupled with their long-term vision for growth, have generated excitement among investors and industry professionals alike.
The company’s stock price has been rising rapidly over the last few months and is now one of the top performers in the healthcare sector. With a strong outlook and exciting growth prospects, investors are confident in CCH’s future performance, making it an attractive option for long-term investments. As CCH continues to expand its services and develop innovative technology solutions, it is expected that this stock will remain a leader in the healthcare industry for many years to come.
Stock Price
Cross Country Healthcare Inc. closed the trading day on Friday, 2023 at $23.41, generating excitement for investors. At the time of writing, the media sentiment about the stock was mostly positive. The stock opened at $23.1, and closed at $22.3, down by 3.7% from its previous closing price of $23.2.
This was a surprising move for investors, as the stock had been performing well in the weeks leading up to the close. Investors will be closely watching the stock in the coming days to determine if this is a sign of a potential longer-term downtrend or just a brief dip caused by outside market forces. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CCRN. More…
| Total Revenues | Net Income | Net Margin |
| 2.81k | 188.46 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CCRN. More…
| Operations | Investing | Financing |
| 134.05 | -43.87 | -87.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CCRN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 947.84 | 490.62 | 12.59 |
Key Ratios Snapshot
Some of the financial key ratios for CCRN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.6% | 231.6% | 9.6% |
| FCF Margin | ROE | ROA |
| 4.5% | 38.5% | 17.9% |
Analysis
We at GoodWhale conducted an analysis of CROSS COUNTRY HEALTHCARE’s wellbeing and our Risk Rating shows that it is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of the company, which suggests further investigation is necessary to assess the financial situation. If you would like to check out the analysis in more depth, you can register on our website at goodwhale.com. More…
Peers
The Company operates through three segments: Nurse and Allied Solutions, Physician Solutions, and Other Workforce Solutions. The Company provides its services to hospitals, physicians, government agencies, and other healthcare organizations. The Company has a network of over 3,500 locations across the United States. Cross Country Healthcare Inc’s competitors include Surgery Partners Inc, Medicover AB, and AMN Healthcare Services Inc.
– Surgery Partners Inc ($NASDAQ:SGRY)
As of 2022, Surgery Partners Inc has a market cap of 2.32B and a ROE of 26.22%. The company owns and operates surgical facilities and ancillary services in the United States.
– Medicover AB ($OTCPK:MCVEF)
As of 2022, Medicover AB has a market cap of 1.78B and a Return on Equity of 13.71%. The company is a leading provider of healthcare and diagnostic services in Europe.
– AMN Healthcare Services Inc ($NYSE:AMN)
The company’s market cap is 5.11B as of 2022 and has a ROE of 39.26%. The company is a provider of healthcare staffing and workforce solutions. The company operates in three segments: Staffing, Workforce Solutions, and Other. The Staffing segment provides temporary and permanent placement of physicians, nurse practitioners, and other healthcare professionals in a variety of settings, including hospitals, clinics, and other healthcare facilities. The Workforce Solutions segment provides workforce management solutions, including staffing, scheduling, and payrolling services to healthcare facilities. The Other segment includes the company’s travel nursing business and other miscellaneous businesses.
Summary
Cross Country Healthcare Inc. ended the trading day on 2023 at $23.41, leaving investors with mixed feelings. Although media sentiment was mostly positive at the time of writing, the stock price dropped on the same day. Analysts believe that this could be due to a variety of factors ranging from market volatility to uncertainty in the company’s outlook. In any case, it is important for investors to stay up-to-date with the latest news and financial developments in order for them to make informed decisions about investing in Cross Country Healthcare.
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