The stock of Comerica, Inc. (CMA) has seen a -8.13% decrease in the past week, with a 1.09% gain in the past month, and a -6.05% decrease in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 2.77% for CMA. The simple moving average for the last 20 days is -4.66% for CMA stock, with a simple moving average of 3.31% for the last 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 7.74x. The 36-month beta value for CMA is also noteworthy at 1.29. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
The public float for CMA is 131.31M, and at present, short sellers hold a 3.51% of that float. The average trading volume of CMA on April 17, 2024 was 2.15M shares.
CMA) stock’s latest price update
The stock of Comerica, Inc. (NYSE: CMA) has decreased by -1.61 when compared to last closing price of 50.85. Despite this, the company has experienced a -8.13% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Comerica (CMA), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended March 2024.
Analysts’ Opinion of CMA
Many brokerage firms have already submitted their reports for CMA stocks, with Deutsche Bank repeating the rating for CMA by listing it as a “Hold.” The predicted price for CMA in the upcoming period, according to Deutsche Bank is $59 based on the research report published on April 10, 2024 of the current year 2024.
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 -2.49% 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 -12.82% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares surge +0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.82% lower at present.
During the last 5 trading sessions, CMA fell by -8.13%, which changed the moving average for the period of 200-days by +16.76% in comparison to the 20-day moving average, which settled at $52.50. In addition, Comerica, Inc. saw -10.36% 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 1.67. 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 summary, Comerica, Inc. (CMA) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
