Carpenter Technology Corp. (NYSE: CRS)’s stock price has surge by 5.82relation to previous closing price of 73.60. Nevertheless, the company has seen a 10.96% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that DOW benefits from cost-saving and productivity actions and investment in high-return growth projects.
Is It Worth Investing in Carpenter Technology Corp. (NYSE: CRS) Right Now?
The price-to-earnings ratio for Carpenter Technology Corp. (NYSE: CRS) is above average at 27.06x, Company’s 36-month beta value is 1.54.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CRS is 47.92M, and currently, short sellers hold a 2.50% ratio of that floaft. The average trading volume of CRS on April 04, 2024 was 466.11K shares.
CRS’s Market Performance
CRS stock saw an increase of 10.96% in the past week, with a monthly gain of 22.36% and a quarterly increase of 14.58%. The volatility ratio for the week is 2.76%, and the volatility levels for the last 30 days are 2.90% for Carpenter Technology Corp. (CRS). The simple moving average for the past 20 days is 14.26% for CRS’s stock, with a 21.73% simple moving average for the past 200 days.
Analysts’ Opinion of CRS
Many brokerage firms have already submitted their reports for CRS stocks, with Northcoast repeating the rating for CRS by listing it as a “Buy.” The predicted price for CRS in the upcoming period, according to Northcoast is $73 based on the research report published on August 25, 2023 of the previous year 2023.
Cowen, on the other hand, stated in their research note that they expect to see CRS reach a price target of $45. The rating they have provided for CRS stocks is “Outperform” according to the report published on September 12th, 2022.
JP Morgan gave a rating of “Overweight” to CRS, setting the target price at $53 in the report published on February 11th of the previous year.
CRS Trading at 18.86% from the 50-Day Moving Average
After a stumble in the market that brought CRS to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 5.15% of gains for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +17.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.73% upper at present.
During the last 5 trading sessions, CRS rose by +9.13%, which changed the moving average for the period of 200-days by +47.45% in comparison to the 20-day moving average, which settled at $68.73. In addition, Carpenter Technology Corp. saw 10.00% 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 CRS starting from MCLANE CHARLES DOUGLAS JR, who sale 3,791 shares at the price of $66.42 back on Nov 07 ’23. After this action, MCLANE CHARLES DOUGLAS JR now owns 6,459 shares of Carpenter Technology Corp., valued at $251,798 using the latest closing price.
KAROL STEVEN E, the Director of Carpenter Technology Corp., sale 1,227 shares at $69.00 during a trade that took place back on Sep 20 ’23, which means that KAROL STEVEN E is holding 180,000 shares at $84,663 based on the most recent closing price.
Stock Fundamentals for CRS
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Carpenter Technology Corp. stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 10.25, with 4.61 for asset returns.
Based on Carpenter Technology Corp. (CRS), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 4.38.
Currently, EBITDA for the company is 257.6 million with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 5.36for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.
Conclusion
In a nutshell, Carpenter Technology Corp. (CRS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
