CABO Jumps 7.1% Off Lows Faces $83 Resistance

$Cable One(CABO)$

Cable ONE Inc (CABO) Rebounds +7.06%: Relief Rally Tests Resistance Near $81

Latest Close Data

Closed at $80.99 (ET 2026-02-02), up +7.06% from the previous close of $75.65. The stock remains 74% below its 52-week high of $311.02.

Core Market Drivers

The significant single-day gain (+7.06%) on elevated volume suggests a potential relief rally. The high dividend yield of 7.28% may be attracting value-seeking income investors, despite underlying financial challenges.

Technical Analysis

Volume was strong at 177.5K shares (Volume Ratio: 1.14), confirming buying interest.
The 6-day RSI surged to 46.06, moving sharply out of oversold territory (<30), indicating a strong bullish momentum shift.
The MACD histogram improved to -0.55, showing a significant deceleration in bearish momentum and a potential bullish convergence.

Key Price Levels

Primary Support: $75.37 (Recent swing low).
Strong Resistance: $83.37 (Immediate technical hurdle).
Immediate Pivot: $80.99 (Today's close; a hold above is key for continuation).

Valuation Perspective

The stock trades at a distressed P/E (TTM) of -0.995 and a P/S (TTM) of 0.30, reflecting significant profitability issues. The P/B ratio of 0.32 suggests the market values the company below its book value.

Analyst Targets

Coverage is mixed. 6 analysts have an average price target of $247.83 (over +200% upside), with recommendations skewed towards "Hold" (5 analysts) over "Buy" (1 analyst).

Weekly Outlook

Expect consolidation between $77 and $83. A sustained break above $83.37 could target the $90-$95 zone. Failure to hold $77 may lead to a retest of the $75.37 support.

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