Cable One stock: buy or sell?

CABO stock price: $1,776.00 -3.26% At close on May 22nd, 2020

Updated on:
May 22nd, 2020

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Cable One slipped a terrible -3.26% and closed at $1,776.00.

Cable One, Inc. owns and operates cable systems that provide data, video, and voice services to residential and commercial customers in the United States.

Should I buy Cable One stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Cable One stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CABO will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Cable One stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't detect any rating for CABO stock for the last 30 days.

Cable One stock analysis

Daily outlook

Shares of Cable One closed on May/22 at $1,776.00 and slipped a terrible -3.26%.

Cable One shares slipped -3.26% to $1,776.00 on May/22. Since price and SMA200d lines crossed up on March, CABO climbed $389.55 (28.10%). Since SMA50d and SMA100d crossed up on Tuesday, CABO price slid a -7.87%. On May 12th, CABO hit a new all time high, pushing higher than on May 7th tops. Check different trading setups that use ATHs as triggers.

CABO stock chart (daily)

Weekly outlook

Cable One shares dropped -3.11% this week, ending at $1,776.00. Early April CABO skyrocketed an exceptional 9.85% in just one week. Counting this, it's been 3 sliding weeks in a row, loosing $-83.24 (-4.59%).

Not so far away is the last price record Cable One marked last week. Late March CABO price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10w and SMA20w crossed up this week, CABO price slid a -3.11%.

CABO stock chart (weekly)

Cable One stock price history

Cable One IPO was on June 11th, 2015 at $382.57 per share1. Since then, CABO stock surged a 364.20%, with a yearly average of 91.10%. If you had invested right after CABO's IPO a $1,000 in Cable One stock in 2015, it would worth $3,642.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Cable One stock historical price chart

CABO stock reached all-time highs on May/12 with a price of $2,041.91.

Cable One stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price target for Cable One stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Cable One let down analysts when it posted an Earnings per Share (EPS) of $7.34 when the analysts' forecast was $8.04.
CABO earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a5.42n/a
2017-Q2-n/a5.51n/a
2017-Q32017-11-085.25.485.4%
2017-Q42018-03-015.875.78-1.5%
2018-Q12018-05-096.687.086.0%
2018-Q22018-08-097.977.65-4.0%
2018-Q32018-11-077.846.7-14.5%
2018-Q42019-02-278.047.34-8.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Cable One annual turnover rocketed a cool 11.70% to $1,072.30 million dollars from $959.96 marked in 2017. On the other hand, its earnings margin (compared to revenues) fell to 15.37%, that is $164.76 million.

CABO annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$826 M-$105 M12.7%-
2014$815 M-1.32%$147 M18.1%40.95%
2015$807 M-0.93%$89 M11.0%-39.56%
2016$820 M1.53%$99 M12.1%11.13%
2017$960 M17.12%$235 M24.5%137.69%
2018$1,072 M11.70%$165 M15.4%-29.94%

Quarterly financial results

Cable One posted $269.85 M in revenues for 2018-Q4, a 0.59% improvement compared to previous quarter. Reported quarter earnings marked $42.01 million with a profit margin of 15.57%. Profit margin appreciated a 1.29% compared to previous quarter when profit margin was 14.28%. When comparing turnover to same quarter last year, Cable One sales marked a beatiful gain and raised a 4.69%.
CABO quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$207 M-$33 M16.0%-
2017-Q2$241 M16.20%$29 M11.9%-13.97%
2017-Q3$254 M5.31%$32 M12.4%10.27%
2017-Q4$258 M1.55%$143 M55.5%354.24%
2018-Q1$266 M3.10%$41 M15.3%-71.60%
2018-Q2$268 M1.00%$44 M16.3%7.70%
2018-Q3$268 M-0.05%$38 M14.3%-12.50%
2018-Q4$270 M0.59%$42 M15.6%9.64%

Cable One ownership

When you are planning to invest in a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Cable One, 11.14% of all outstanding shares are owned by its staff.

Bearish positions for CABO stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Cable One:

CABO
Market cap$10.2 B
Total shares5.7 M
Float shares4.6 M
  - Institutional holdings (%)83.7%
  - Insider holdings (%)11.1%
Shares in short selling0.0%

Cable One summary

Friday, May 22nd, 2020
Open$1822.40
Close$1776.00
Day range$1770.77 - $1824.90
Previous close$1835.77
Session gain-3.26%
Average true range$95.69
50d mov avg$1,677.08
100d mov avg$1,664.02
200d mov avg$1,509.81
Daily patternlt02a
Weekly pattern

Cable One performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Cable One against in the following table:
Stock3m6m12m
CABOCable One1.19%15.93%58.46%

Cable One competitors

Unfortunately, we could not find any public company that could be defined as Cable One competitor. This doesn't mean Cable One does not have any competitor in the market, it's just we could not detected it.