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Commercial Metals Company (CMC) Reveals an Earnings Mystery

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Commercial Metals Company (NYSE:CMC) went up by 2.84% from its latest closing price compared to the recent 1-year high of $38.72. The company’s stock price has collected -0.86% of loss in the last five trading sessions.

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 10.94 x from its present earnings ratio. Plus, the 36-month beta value for CMC is at 1.25. Opinions of the stock are interesting as 2 analysts out of 10 who provided ratings for Commercial Metals Company declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $38.50, which is $0.03 above the current price. CMC currently public float of 120.57M and currently shorts hold a 1.71% ratio of that float. Today, the average trading volume of CMC was 995.89K shares.

CMC’s Market Performance

CMC stocks went down by -0.86% for the week, with a monthly jump of 13.06% and a quarterly performance of 13.79%, while its annual performance rate touched 67.66%. The volatility ratio for the week stands at 4.51% while the volatility levels for the past 30 days are set at 3.58% for Commercial Metals Company. The simple moving average for the period of the last 20 days is 4.69% for CMC stocks with a simple moving average of 15.07% for the last 200 days.

Analysts’ Opinion of CMC

Many brokerage firms have already submitted their reports for CMC stocks, with JP Morgan repeating the rating for CMC by listing it as a “Overweight.” The predicted price for CMC in the upcoming period, according to JP Morgan is $42 based on the research report published on December 10th of the previous year 2021.

Wolfe Research, on the other hand, stated in their research note that they expect to see CMC reach a price target of $41. The rating they have provided for CMC stocks is “Outperform” according to the report published on November 17th, 2021.

Goldman gave a rating of “Neutral” to CMC, setting the target price at $33 in the report published on October 06th of the previous year.

CMC Trading at 8.44% 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 -4.52% of loss for the given period.

Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares surge +12.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.24% upper at present.

During the last 5 trading sessions, CMC fell by -0.86%, which changed the moving average for the period of 200-days by +17.93% in comparison to the 20-day moving average, which settled at $35.52. In addition, Commercial Metals Company saw 1.87% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CMC starting from Smith Barbara, who sale 6,849 shares at the price of $36.86 back on Jan 03. After this action, Smith Barbara now owns 161,276 shares of Commercial Metals Company, valued at $252,454 using the latest closing price.

Smith Barbara, the Chairman, President & CEO of Commercial Metals Company, sale 3,248 shares at $36.75 during a trade that took place back on Dec 30, which means that Smith Barbara is holding 168,125 shares at $119,364 based on the most recent closing price.

Stock Fundamentals for CMC

Current profitability levels for the company are sitting at:

  • +9.00 for the present operating margin
  • +16.16 for the gross margin

The net margin for Commercial Metals Company stands at +6.13. The total capital return value is set at 18.40, while invested capital returns managed to touch 12.79. Equity return is now at value 19.70, with 9.70 for asset returns.

Based on Commercial Metals Company (CMC), the company’s capital structure generated 51.84 points at debt to equity in total, while total debt to capital is 34.14. Total debt to assets is 25.65, with long-term debt to equity ratio resting at 48.32. Finally, the long-term debt to capital ratio is 31.82.

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When we switch over and look at the enterprise to sales, we see a ratio of 0.68, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 6.78 and the total asset turnover is 1.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.

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