Cable One stock: buy or sell?
July 15th, 2019
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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, 2 buy setups work for Cable One stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Cable One stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 6 ratings published for CABO stock in the last month. The general sentiment of these ratings is bullish for CABO stock, with 4 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
Cable One stock analysis
Even the negative close ($1,231.34, -0.01%), Cable One touched new all time high at $1,243.86.
Shares of Cable One closed today at $1,231.34 after marking a new all time high ($1,243.86) even it couldn't close with gains and remained constant a tight -0.01%. Since February when SMA50d and SMA100d crossed up, CABO price gained $268.42 per share (27.88%).
Despite of the red candle ($1,231.34, -0.01%), Cable One peaked new all time high at $1,243.86. This week broke a green streak of 4 weeks. Early June CABO climbed a brilliant 5.57% in just one week.
CABO shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late June, CABO climbed unceasignly breaking out to new all time highs. By mid February, SMA10w and SMA20w crossed up triggering a rise of 32.22%. Since late January when CABO stock price broke up the SMA20w line, it gained $384.11 (45.34%).
Cable One stock price history
Cable One stock went public on June 11th, 2015 with a price of $384.791. Since then, CABO stock grew a 220.00%, with a yearly average of 55.00%. If you had invested $1,000 in Cable One stock in 2015, it would worth $2,200.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Cable One stock historical price chart
CABO stock reached all-time highs today with a price of $1,243.86.
Cable One stock price target is $1,072.70Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 6 price predictions for CABO stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-10||SunTrust Banks||Raises Target||n/a||$1,020.00||-|
|2019-3-1||B. Riley||Raises Target||$990.00||$1,090.00||10.1%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Cable One missed the expectations of the analysts and reported a rough EPS of $7.34 per share when experts were expecting $8.04.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a cool gain of 11.70% to $1,072.30 M USD. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) slipped a -9.13% to 15.37%.
|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 M||1.53%||$99 M12.1%||11.13%|
|2017||$960 M||17.12%||$235 M24.5%||137.69%|
|2018||$1,072 M||11.70%||$165 M15.4%||-29.94%|
Quarterly financial resultsCable One reported $269.85 million 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 sales to same quarter last year, Cable One sales marked a decent growth and grew a 4.69%.
|2017-Q1||$207 M||-||$33 M16.0%||-|
|2017-Q2||$241 M||16.20%||$29 M11.9%||-13.97%|
|2017-Q3||$254 M||5.31%||$32 M12.4%||10.27%|
|2017-Q4||$258 M||1.55%||$143 M55.5%||354.24%|
|2018-Q1||$266 M||3.10%||$41 M15.3%||-71.60%|
|2018-Q2||$268 M||1.00%||$44 M16.3%||7.70%|
|2018-Q3||$268 M||-0.05%||$38 M14.3%||-12.50%|
|2018-Q4||$270 M||0.59%||$42 M15.6%||9.64%|
Cable One ownershipWhen you are planning to buy a company, it's worth to check 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, 14.34% of all outstanding shares are owned by its staff.
Bearish positions for CABO stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$7.0 B||$857.3 M||$16.5 B||$195.9 M|
|Total shares||5.7 M||55.9 M||152.6 M||19.7 M|
|Float shares||5.0 M||16.4 M||173.0 M||11.7 M|
|- Institutional holdings (%)||80.3%||91.1%||68.6%||89.1%|
|- Insider holdings (%)||14.3%||18.8%||3.3%||1.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
Cable One summary
|Monday, July 15th, 2019|
|Day range||$1224.01 - $1243.86|
|Average true range||$21.29|
|50d mov avg||$1,148.78|
|100d mov avg||$1,065.15|
|200d mov avg||$964.70|
Cable One performanceTo better understand Cable One performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Cable One performance to GTT Communications, Liberty Broadband and RigNet: