Cable One stock: buy or sell?
May 21st, 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. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups match with Cable One stock 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?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we detected 5 ratings published for CABO stock in the last month. The general sentiment of these ratings is bullish for CABO stock, with 3 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
Cable One stock analysis
Cable One stepped up 1.28% today to $1,140.46 after topping to all time highs on Friday.
After reaching all time highs on Friday, Cable One stepped up 1.28% to $1,140.46. From a daily perspective, CABO is in a short term uptrend after plotting its last bottom ($1,056.68, on May/10) higher than the previous bottom, and its last top ($1,146.32, on Friday) also over the previous top. Now trading in between its last bottom and last top CABO might consolidate in a plain range, waiting to break out over $1,146.32 or down under $1,056.68. Since SMA50d and SMA100d crossed up on February, CABO price climbed $175.85 per share (18.23%). Since price and SMA100d lines crossed up on January, CABO climbed $285.60 (33.41%). On Friday, CABO hit new all time highs, pushing higher previous ATH of $1,128.96 recorded on Thursday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Cable One remained constant a neutral 0.09% this week. This week was the 5th green week in a row.
Cable One stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Cable One marked last week. Since mid July 2018 when SMA20w and SMA40w crossed up, CABO price gained $385.39 per share (51.04%). Since mid June 2018 when CABO stock price broke up the SMA40w line, it gained $463.57 (68.49%).
Cable One stock price history
Cable One stock went public on June 11th, 2015 with a price of $385.471. Since then, CABO stock surged a 195.90%, with an average of 65.30% per year. If you had invested $1,000 in Cable One stock in 2015, it would worth $1,959.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Cable One stock historical price chart
CABO stock reached all-time highs on Friday with a price of $1,146.32.
Cable One stock price target is $1,024.00Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 5 price targets for Cable One stock released in the last 30 days:
|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 didn't meet the forecasts of the analysts and posted a rough EPS of $7.34 per share when experts were expecting $8.04.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Cable One annual turnover climbed a brilliant 11.70% to $1,072.30 M dollars from $959.96 marked in 2017. In contrast, its income margin (compared to revenues) dropped 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 reported $269.85 million in sales for 2018-Q4, a 0.59% up compared to previous quarter. Reported quarter income marked $42.01 M with a profit margin of 15.57%. Profit margin raised a 1.29% compared to previous quarter when profit margin was 14.28%. When comparing revenues to same quarter last year, Cable One sales marked a decent gain and stepped up 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 stock, it's always worth to have a look 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.
The following table compares ownership indicators for other stocks related to Cable One:
|Market cap||$6.5 B||$1.5 B||$15.3 B||$156.7 M|
|Total shares||5.7 M||55.9 M||152.6 M||19.5 M|
|Float shares||5.0 M||28.9 M||173.1 M||11.6 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
|Tuesday, May 21st, 2019|
|Day range||$1122.43 - $1144.91|
|Average true range||$23.77|
|50d mov avg||$1,024.14|
|100d mov avg||$955.75|
|200d mov avg||$901.74|
Cable One performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Cable One to GTT Communications, Liberty Broadband and RigNet: