The stock of Comerica, Inc. (CMA) has gone up by 4.77% for the week, with a 10.00% rise in the past month and a -3.64% drop in the past quarter. The volatility ratio for the week is 2.93%, and the volatility levels for the past 30 days are 3.11% for CMA. The simple moving average for the last 20 days is 6.39% for CMA’s stock, with a simple moving average of 13.68% for the last 200 days.
Is It Worth Investing in Comerica, Inc. (NYSE: CMA) Right Now?
Comerica, Inc. (NYSE: CMA) has a higher price-to-earnings ratio of 8.39x compared to its average ratio, The 36-month beta value for CMA is at 1.28. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for CMA is 131.31M, and currently, shorts hold a 3.88% of that float. The average trading volume for CMA on March 28, 2024 was 2.17M shares.
CMA) stock’s latest price update
Comerica, Inc. (NYSE: CMA) has experienced a rise in its stock price by 4.29 compared to its previous closing price of 52.00. However, the company has seen a gain of 4.77% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-21 that Investors may consider attractive dividend-yielding stocks like Comerica (CMA) for their portfolios amid the current economic uncertainties.
Analysts’ Opinion of CMA
Many brokerage firms have already submitted their reports for CMA stocks, with DA Davidson repeating the rating for CMA by listing it as a “Neutral.” The predicted price for CMA in the upcoming period, according to DA Davidson is $56 based on the research report published on February 27, 2024 of the current year 2024.
CMA Trading at 5.33% from the 50-Day Moving Average
After a stumble in the market that brought CMA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.51% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares surge +11.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.84% upper at present.
During the last 5 trading sessions, CMA rose by +4.77%, which changed the moving average for the period of 200-days by +28.87% in comparison to the 20-day moving average, which settled at $51.26. In addition, Comerica, Inc. saw -2.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMA starting from Bridges Wendy, who sale 3,034 shares at the price of $52.74 back on Feb 12 ’24. After this action, Bridges Wendy now owns 17,460 shares of Comerica, Inc., valued at $160,012 using the latest closing price.
McKinney Cassandra M., the EVP of Comerica, Inc., sale 1,616 shares at $54.64 during a trade that took place back on Jan 29 ’24, which means that McKinney Cassandra M. is holding 8,314 shares at $88,293 based on the most recent closing price.
Stock Fundamentals for CMA
Current profitability levels for the company are sitting at:
- 0.56 for the present operating margin
- 1.0 for the gross margin
The net margin for Comerica, Inc. stands at 0.21. The total capital return value is set at 0.04. Equity return is now at value 15.14, with 1.02 for asset returns.
Based on Comerica, Inc. (CMA), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is 1.72.
Currently, EBITDA for the company is -4.0 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 0.52for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In conclusion, Comerica, Inc. (CMA) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
