The price-to-earnings ratio for Core & Main Inc (NYSE: CNM) is 26.74x, which is above its average ratio. Moreover, the 36-month beta value for CNM is 1.15. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CNM is 191.88M and currently, short sellers hold a 3.97% of that float. On May 02, 2024, CNM’s average trading volume was 2.33M shares.
CNM) stock’s latest price update
Core & Main Inc (NYSE: CNM) has seen a rise in its stock price by 1.01 in relation to its previous close of 56.47. However, the company has experienced a 1.57% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that In the latest trading session, Core & Main (CNM) closed at $57.04, marking a +1.01% move from the previous day.
CNM’s Market Performance
CNM’s stock has risen by 1.57% in the past week, with a monthly drop of -1.26% and a quarterly rise of 38.08%. The volatility ratio for the week is 2.56% while the volatility levels for the last 30 days are 3.06% for Core & Main Inc The simple moving average for the last 20 days is 0.75% for CNM stock, with a simple moving average of 45.55% for the last 200 days.
Analysts’ Opinion of CNM
Many brokerage firms have already submitted their reports for CNM stocks, with Citigroup repeating the rating for CNM by listing it as a “Neutral.” The predicted price for CNM in the upcoming period, according to Citigroup is $64 based on the research report published on April 05, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CNM reach a price target of $48, previously predicting the price at $38. The rating they have provided for CNM stocks is “Buy” according to the report published on January 08th, 2024.
Wolfe Research gave a rating of “Outperform” to CNM, setting the target price at $40 in the report published on October 12th of the previous year.
CNM Trading at 6.84% from the 50-Day Moving Average
After a stumble in the market that brought CNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.22% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.46% upper at present.
During the last 5 trading sessions, CNM rose by +1.57%, which changed the moving average for the period of 200-days by +82.06% in comparison to the 20-day moving average, which settled at $56.48. In addition, Core & Main Inc saw 41.15% 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 CNM starting from Stephens John Weldon, who sale 9,497 shares at the price of $55.19 back on Apr 23 ’24. After this action, Stephens John Weldon now owns 4,281 shares of Core & Main Inc, valued at $524,128 using the latest closing price.
Whittenburg Mark G, the General Counsel and Secretary of Core & Main Inc, sale 50,000 shares at $54.08 during a trade that took place back on Apr 19 ’24, which means that Whittenburg Mark G is holding 12,933 shares at $2,704,170 based on the most recent closing price.
Stock Fundamentals for CNM
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.27 for the gross margin
The net margin for Core & Main Inc stands at 0.06. The total capital return value is set at 0.17. Equity return is now at value 23.20, with 7.44 for asset returns.
Based on Core & Main Inc (CNM), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is 9.89.
Currently, EBITDA for the company is 895.0 million with net debt to EBITDA at 2.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.29.
Conclusion
To wrap up, the performance of Core & Main Inc (CNM) has been better in recent times. The stock has received a mixed of “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.
