Carpenter Technology Corp. (CRS) Stock: A Closer Look at the Moving Averages

The stock of Carpenter Technology Corp. (CRS) has gone up by 0.63% for the week, with a 15.80% rise in the past month and a 20.44% rise in the past quarter. The volatility ratio for the week is 3.66%, and the volatility levels for the past 30 days are 3.21% for CRS. The simple moving average for the last 20 days is 7.26% for CRS stock, with a simple moving average of 21.70% for the last 200 days.

Is It Worth Investing in Carpenter Technology Corp. (NYSE: CRS) Right Now?

The price-to-earnings ratio for Carpenter Technology Corp. (NYSE: CRS) is above average at 27.58x, Company’s 36-month beta value is 1.50.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for CRS is 47.92M, and currently, short sellers hold a 2.26% ratio of that floaft. The average trading volume of CRS on April 19, 2024 was 488.30K shares.

CRS) stock’s latest price update

Carpenter Technology Corp. (NYSE: CRS)’s stock price has increased by 2.08 compared to its previous closing price of 77.76. However, the company has seen a 0.63% increase in its stock price over the last five trading sessions. MarketBeat reported 2024-04-18 that A new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn’t only Wall Street pushing the bets forward but also the current administration’s attempt to onshore some global steel and aluminum manufacturing jobs.

Analysts’ Opinion of CRS

Many brokerage firms have already submitted their reports for CRS stocks, with Northcoast repeating the rating for CRS by listing it as a “Buy.” The predicted price for CRS in the upcoming period, according to Northcoast is $73 based on the research report published on August 25, 2023 of the previous year 2023.

Cowen, on the other hand, stated in their research note that they expect to see CRS reach a price target of $45. The rating they have provided for CRS stocks is “Outperform” according to the report published on September 12th, 2022.

JP Morgan gave a rating of “Overweight” to CRS, setting the target price at $53 in the report published on February 11th of the previous year.

CRS Trading at 15.80% from the 50-Day Moving Average

After a stumble in the market that brought CRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.38% of loss for the given period.

Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares surge +17.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.88% upper at present.

During the last 5 trading sessions, CRS rose by +0.63%, which changed the moving average for the period of 200-days by +41.02% in comparison to the 20-day moving average, which settled at $74.58. In addition, Carpenter Technology Corp. saw 12.12% 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 CRS starting from MCLANE CHARLES DOUGLAS JR, who sale 3,791 shares at the price of $66.42 back on Nov 07 ’23. After this action, MCLANE CHARLES DOUGLAS JR now owns 6,459 shares of Carpenter Technology Corp., valued at $251,798 using the latest closing price.

KAROL STEVEN E, the Director of Carpenter Technology Corp., sale 1,227 shares at $69.00 during a trade that took place back on Sep 20 ’23, which means that KAROL STEVEN E is holding 180,000 shares at $84,663 based on the most recent closing price.

Stock Fundamentals for CRS

Current profitability levels for the company are sitting at:

  • 0.09 for the present operating margin
  • 0.17 for the gross margin

The net margin for Carpenter Technology Corp. stands at 0.05. The total capital return value is set at 0.09. Equity return is now at value 10.25, with 4.61 for asset returns.

Based on Carpenter Technology Corp. (CRS), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 4.38.

Currently, EBITDA for the company is 257.6 million with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 5.36for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.

Conclusion

In a nutshell, Carpenter Technology Corp. (CRS) 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.

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