Commercial Metals Company (NYSE:CMC) went up by 0.87% from its latest closing price compared to the recent 1-year high of $36.49. The company’s stock price has collected 3.04% of gains in the last five trading sessions. Press Release reported 14 hours ago that Commercial Metals Company Announces New $350 Million Share Repurchase Program And 17% Increase In Quarterly Dividend
Is It Worth Investing in Commercial Metals Company (NYSE :CMC) Right Now?
Commercial Metals Company (NYSE:CMC) scored a price-to-earnings ratio above its average ratio, recording 12.05 x from its present earnings ratio. Plus, the 36-month beta value for CMC is at 1.29. Opinions of the stock are interesting as 0 analysts out of 9 who provided ratings for Commercial Metals Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $35.43, which is $0.84 above the current price. CMC currently public float of 119.09M and currently shorts hold a 2.20% ratio of that float. Today, the average trading volume of CMC was 807.31K shares.
CMC’s Market Performance
CMC stocks went up by 3.04% for the week, with a monthly jump of 9.21% and a quarterly performance of 5.28%, while its annual performance rate touched 41.02%. The volatility ratio for the week stands at 2.70% while the volatility levels for the past 30 days are set at 3.12% for Commercial Metals Company. The simple moving average for the period of the last 20 days is 4.25% for CMC stocks with a simple moving average of 11.36% for the last 200 days.
Analysts’ Opinion of CMC
Many brokerage firms have already submitted their reports for CMC stocks, with Goldman repeating the rating for CMC by listing it as a “Neutral.” The predicted price for CMC in the upcoming period, according to Goldman is $33 based on the research report published on October 06th of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see CMC reach a price target of $39. The rating they have provided for CMC stocks is “Neutral” according to the report published on June 16th, 2021.
CMC Trading at 0.96% from the 50-Day Moving Average
After a stumble in the market that brought CMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.96% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +4.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.09% lower at present.
During the last 5 trading sessions, CMC rose by +3.04%, which changed the moving average for the period of 200-days by +61.24% in comparison to the 20-day moving average, which settled at $31.24. In addition, Commercial Metals Company saw 58.18% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CMC starting from Smith Barbara, who sale 25,000 shares at the price of $34.91 back on Aug 11. After this action, Smith Barbara now owns 564,073 shares of Commercial Metals Company, valued at $872,695 using the latest closing price.
Smith Barbara, the Chairman, President & CEO of Commercial Metals Company, sale 25,000 shares at $33.06 during a trade that took place back on May 10, which means that Smith Barbara is holding 589,073 shares at $826,560 based on the most recent closing price.
Stock Fundamentals for CMC
Current profitability levels for the company are sitting at:
- +8.75 for the present operating margin
- +17.14 for the gross margin
The net margin for Commercial Metals Company stands at +5.08. The total capital return value is set at 16.07, while invested capital returns managed to touch 9.43. Equity return is now at value 16.30, with 7.80 for asset returns.
Based on Commercial Metals Company (CMC), the company’s capital structure generated 63.89 points at debt to equity in total, while total debt to capital is 38.99. Total debt to assets is 29.57, with long-term debt to equity ratio resting at 61.47. Finally, the long-term debt to capital ratio is 37.51.
When we switch over and look at the enterprise to sales, we see a ratio of 0.58, with the company’s debt to enterprise value settled at 0.38. The receivables turnover for the company is 5.77 and the total asset turnover is 1.40. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.97.