CMS Energy Corporation (NYSE: CMS) has a higher price-to-earnings ratio of 18.97x compared to its average ratio. CMS has 36-month beta value of 0.39. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for CMS is 296.86M, and currently, short sellers hold a 3.93% ratio of that float. The average trading volume of CMS on April 17, 2024 was 2.51M shares.
CMS) stock’s latest price update
The stock price of CMS Energy Corporation (NYSE: CMS) has plunged by -1.25 when compared to previous closing price of 57.61, but the company has seen a -3.97% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that CMS Energy’s (CMS) recent divestment of its Appliance Service Plan business will enable the company to boost its electric and natural gas grid, thereby offering reliable energy to its customers.
CMS’s Market Performance
CMS Energy Corporation (CMS) has seen a -3.97% fall in stock performance for the week, with a -1.61% decline in the past month and a -2.03% plunge in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.46% for CMS. The simple moving average for the last 20 days is -3.35% for CMS stock, with a simple moving average of -0.77% for the last 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 -2.27% 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 -10.77% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.52% lower at present.
During the last 5 trading sessions, CMS fell by -3.97%, which changed the moving average for the period of 200-days by -2.60% in comparison to the 20-day moving average, which settled at $58.79. In addition, CMS Energy Corporation saw -2.03% 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 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 4.34. 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
To put it simply, CMS Energy Corporation (CMS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
