Is There Now An Opportunity In Cross Country Healthcare, Inc. (NASDAQ:CCRN)?

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Cross Country Healthcare, Inc. (NASDAQ:CCRN), which is in the healthcare business, and is based in United States, led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s examine Cross Country Healthcare’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Check out our latest analysis for Cross Country Healthcare

What is Cross Country Healthcare worth?

Good news, investors! Cross Country Healthcare is still a bargain right now. According to my valuation, the intrinsic value for the stock is $13.8, but it is currently trading at US$8.90 on the share market, meaning that there is still an opportunity to buy now. What’s more interesting is that, Cross Country Healthcare’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.

What does the future of Cross Country Healthcare look like?

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. However, with a relatively muted revenue growth of 5.7% expected over the next couple of years, growth doesn’t seem like a key driver for a buy decision for Cross Country Healthcare, at least in the short term.

What this means for you:

Are you a shareholder? Even though growth is relatively muted, since CCRN is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on CCRN for a while, now might be the time to make a leap. Its future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy CCRN. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision.

Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on Cross Country Healthcare. You can find everything you need to know about Cross Country Healthcare in the latest infographic research report. If you are no longer interested in Cross Country Healthcare, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.