Cable One stock: buy or sell?
May 22nd, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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.
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%.
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 targetHow 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 ShareCable One let down analysts when it posted an Earnings per Share (EPS) of $7.34 when the analysts' forecast was $8.04.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|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 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%.
|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 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:
|Market cap||$10.2 B|
|Total shares||5.7 M|
|Float shares||4.6 M|
|- Institutional holdings (%)||83.7%|
|- Insider holdings (%)||11.1%|
|Shares in short selling||0.0%|
Cable One summary
|Friday, May 22nd, 2020|
|Day range||$1770.77 - $1824.90|
|Average true range||$95.69|
|50d mov avg||$1,677.08|
|100d mov avg||$1,664.02|
|200d mov avg||$1,509.81|
Cable One performancePerformance 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: