The price-to-earnings ratio for Commercial Metals Co. (NYSE: CMC) is above average at 9.98x, Company’s 36-month beta value is 1.33.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for CMC is 114.67M, and currently, short sellers hold a 2.90% ratio of that floaft. The average trading volume of CMC on April 05, 2024 was 1.06M shares.
CMC) stock’s latest price update
Commercial Metals Co. (NYSE: CMC)’s stock price has gone decline by -0.98 in comparison to its previous close of 57.99, however, the company has experienced a -1.48% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-03-31 that March 2024 AAII Journal, screens, and a Barron’s reporters combined to list two sets of stocks herewith called: “AAII/Barron’s All-Stars Q1/24”. The AII article was titled ‘Stock Screen All-Stars’, and the Barron’s piece was ‘5 Small Cap Stocks Poised to Rebound’. Here are 22 stocks of which fourteen pay dividends and one of those was ideal, showing dividends from 1K invested greater than its stock price as of 3/28/24.
CMC’s Market Performance
CMC’s stock has fallen by -1.48% in the past week, with a monthly rise of 8.20% and a quarterly rise of 17.35%. The volatility ratio for the week is 1.86% while the volatility levels for the last 30 days are 2.38% for Commercial Metals Co. The simple moving average for the past 20 days is 3.04% for CMC’s stock, with a 12.51% simple moving average for the past 200 days.
Analysts’ Opinion of CMC
Many brokerage firms have already submitted their reports for CMC stocks, with UBS repeating the rating for CMC by listing it as a “Buy.” The predicted price for CMC in the upcoming period, according to UBS is $65 based on the research report published on January 16, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CMC reach a price target of $63. The rating they have provided for CMC stocks is “Buy” according to the report published on July 11th, 2023.
BofA Securities gave a rating of “Buy” to CMC, setting the target price at $60 in the report published on April 05th of the previous year.
CMC Trading at 6.02% 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 -4.00% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +9.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.17% upper at present.
During the last 5 trading sessions, CMC fell by -1.48%, which changed the moving average for the period of 200-days by +20.13% in comparison to the 20-day moving average, which settled at $55.96. In addition, Commercial Metals Co. saw 14.75% 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 35,704 shares at the price of $57.88 back on Mar 27 ’24. After this action, Smith Barbara now owns 36,196 shares of Commercial Metals Co., valued at $2,066,548 using the latest closing price.
Smith Barbara, the Executive Chairman of Commercial Metals Co., sale 23,619 shares at $51.65 during a trade that took place back on Feb 07 ’24, which means that Smith Barbara is holding 72,400 shares at $1,219,921 based on the most recent closing price.
Stock Fundamentals for CMC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.19 for the gross margin
The net margin for Commercial Metals Co. stands at 0.08. The total capital return value is set at 0.1. Equity return is now at value 16.99, with 10.35 for asset returns.
Based on Commercial Metals Co. (CMC), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 14.06.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 7.51for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.19.
Conclusion
In a nutshell, Commercial Metals Co. (CMC) 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.
