The price-to-earnings ratio for Canadian Imperial Bank Of Commerce (NYSE: CM) is 9.69x, which is above its average ratio. Moreover, the 36-month beta value for CM is 1.09. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for CM is 936.73M and currently, short sellers hold a 3.21% of that float. On May 02, 2024, CM’s average trading volume was 1.89M shares.
CM) stock’s latest price update
The stock of Canadian Imperial Bank Of Commerce (NYSE: CM) has increased by 0.41 when compared to last closing price of 46.69. Despite this, the company has experienced a -1.39% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Investors interested in stocks from the Banks – Foreign sector have probably already heard of Erste Group Bank AG (EBKDY) and Canadian Imperial Bank (CM). But which of these two stocks is more attractive to value investors?
CM’s Market Performance
Canadian Imperial Bank Of Commerce (CM) has experienced a -1.39% fall in stock performance for the past week, with a -5.90% drop in the past month, and a 3.76% rise in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.48% for CM. The simple moving average for the last 20 days is -2.77% for CM stock, with a simple moving average of 7.97% for the last 200 days.
CM Trading at -3.57% from the 50-Day Moving Average
After a stumble in the market that brought CM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.33% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares sank -6.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.95% upper at present.
During the last 5 trading sessions, CM fell by -1.39%, which changed the moving average for the period of 200-days by +8.39% in comparison to the 20-day moving average, which settled at $48.06. In addition, Canadian Imperial Bank Of Commerce saw -2.62% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CM
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 1.0 for the gross margin
The net margin for Canadian Imperial Bank Of Commerce stands at 0.19. The total capital return value is set at 0.03. Equity return is now at value 11.98, with 0.66 for asset returns.
Based on Canadian Imperial Bank Of Commerce (CM), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 3.15. The interest coverage ratio of the stock is 0.53.
Currently, EBITDA for the company is 8.07 billion with net debt to EBITDA at 8.6. When we switch over and look at the enterprise to sales, we see a ratio of 5.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
To wrap up, the performance of Canadian Imperial Bank Of Commerce (CM) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
