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Custom Truck One Source to Participate in the BofA Securities 2024 Leveraged Finance Conference
Business Wire (Thu, 21-Nov 4:10 PM ET)
Custom Truck One Source, Inc. Reports Third Quarter 2024 Results and Updates Full-Year Guidance
Business Wire (Wed, 30-Oct 4:15 PM ET)
Custom Truck One Source to Announce Third Quarter 2024 Financial Results
Business Wire (Wed, 16-Oct 4:15 PM ET)
Custom Truck One Source Inc is a one-stop-shop provider of specialty equipment in the electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure end-markets in North America. The company's segment includes Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). It generates maximum revenue from the TES segment. Geographically, it derives a majority revenue from the United States.
Custom Truck One Source trades on the NYSE stock market under the symbol CTOS.
As of December 16, 2024, CTOS stock price climbed to $5.26 with 451,609 million shares trading.
CTOS has a beta of 1.75, meaning it tends to be more sensitive to market movements. CTOS has a correlation of 0.12 to the broad based SPY ETF.
CTOS has a market cap of $1.23 billion. This is considered a Small Cap stock.
Last quarter Custom Truck One Source reported $447 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.04.
In the last 3 years, CTOS traded as high as $9.40 and as low as $3.03.
The top ETF exchange traded funds that CTOS belongs to (by Net Assets): PAVE, VTI, IWM, VXF, FYX.
CTOS has underperformed the market in the last year with a price return of -15.7% while the SPY ETF gained +30.6%. However, in the short term, CTOS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +41.0% vs +8.4% return in SPY. But in the last 2 weeks, CTOS shares have been beat by the market, returning -12.0% compared to an SPY return of +0.8%.
CTOS support price is $5.03 and resistance is $5.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CTOS shares will trade within this expected range on the day.