CMS Energy Corporation (NYSE: CMS) has a higher price-to-earnings ratio of 19.70x compared to its average ratio, The 36-month beta value for CMS is at 0.38. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for CMS is 296.84M, and currently, shorts hold a 3.93% of that float. The average trading volume for CMS on April 09, 2024 was 2.53M shares.
CMS) stock’s latest price update
CMS Energy Corporation (NYSE: CMS) has seen a rise in its stock price by 0.75 in relation to its previous close of 58.65. However, the company has experienced a -1.48% decline in its stock price over the last five trading sessions. CNBC Television reported 2024-04-08 that Aaron Dunn, co-head of value equity at Morgan Stanley Investment Management, joins CNBC’s ‘The Exchange’ to break down opportunities in tech stocks, AI, and more.
CMS’s Market Performance
CMS’s stock has fallen by -1.48% in the past week, with a monthly drop of -1.65% and a quarterly drop of -0.42%. The volatility ratio for the week is 1.52% while the volatility levels for the last 30 days are 1.51% for CMS Energy Corporation The simple moving average for the past 20 days is -0.08% for CMS’s stock, with a 3.00% simple moving average for the past 200 days.
Analysts’ Opinion of CMS
Guggenheim, on the other hand, stated in their research note that they expect to see CMS reach a price target of $64, previously predicting the price at $60. The rating they have provided for CMS stocks is “Buy” according to the report published on February 02nd, 2024.
Wolfe Research gave a rating of “Outperform” to CMS, setting the target price at $62 in the report published on January 16th of the current year.
CMS Trading at 1.73% from the 50-Day Moving Average
After a stumble in the market that brought CMS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.32% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares sank -1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.66% upper at present.
During the last 5 trading sessions, CMS fell by -1.48%, which changed the moving average for the period of 200-days by -2.09% in comparison to the 20-day moving average, which settled at $59.08. In addition, CMS Energy Corporation saw 1.76% 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 CMS starting from Hofmeister Brandon J., who sale 3,500 shares at the price of $57.78 back on Feb 23 ’24. After this action, Hofmeister Brandon J. now owns 68,971 shares of CMS Energy Corporation, valued at $202,240 using the latest closing price.
Hofmeister Brandon J., the Senior Vice President of CMS Energy Corporation, sale 1,000 shares at $57.90 during a trade that took place back on Dec 07 ’23, which means that Hofmeister Brandon J. is holding 61,156 shares at $57,900 based on the most recent closing price.
Stock Fundamentals for CMS
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.38 for the gross margin
The net margin for CMS Energy Corporation stands at 0.12. The total capital return value is set at 0.04. Equity return is now at value 12.17, with 2.70 for asset returns.
Based on CMS Energy Corporation (CMS), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.07. The interest coverage ratio of the stock is 1.92.
Currently, EBITDA for the company is 2.78 billion with net debt to EBITDA at 5.53. When we switch over and look at the enterprise to sales, we see a ratio of 4.43. The receivables turnover for the company is 7.9for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In conclusion, CMS Energy Corporation (CMS) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
