In the past week, CMA stock has gone down by -3.81%, with a monthly decline of -1.28% and a quarterly plunge of -7.91%. The volatility ratio for the week is 2.60%, and the volatility levels for the last 30 days are 2.70% for Comerica, Inc. The simple moving average for the past 20 days is -1.16% for CMA’s stock, with a 7.23% simple moving average for the past 200 days.
Is It Worth Investing in Comerica, Inc. (NYSE: CMA) Right Now?
The price-to-earnings ratio for Comerica, Inc. (NYSE: CMA) is above average at 8.01x, Company’s 36-month beta value is 1.28.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for CMA is 131.31M, and currently, short sellers hold a 3.51% ratio of that floaft. The average trading volume of CMA on April 10, 2024 was 2.15M shares.
CMA) stock’s latest price update
Comerica, Inc. (NYSE: CMA)’s stock price has dropped by -5.03 in relation to previous closing price of 54.46. Nevertheless, the company has seen a loss of -3.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-05 that Comerica (CMA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of CMA
DA Davidson, on the other hand, stated in their research note that they expect to see CMA reach a price target of $56, previously predicting the price at $63. The rating they have provided for CMA stocks is “Neutral” according to the report published on February 27th, 2024.
CMA Trading at 0.41% 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 -9.88% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.57% lower at present.
During the last 5 trading sessions, CMA fell by -4.00%, which changed the moving average for the period of 200-days by +27.14% in comparison to the 20-day moving average, which settled at $52.32. In addition, Comerica, Inc. saw -7.33% 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 1.72. 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 a nutshell, Comerica, Inc. (CMA) has experienced a bad 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.
