Core & Main Inc (NYSE: CNM)’s stock price has soared by 1.49 in relation to previous closing price of 52.97. Nevertheless, the company has seen a gain of 5.87% in its stock price over the last five trading days. zacks.com reported 2024-07-29 that Core & Main (CNM) closed at $53.49 in the latest trading session, marking a -0.07% move from the prior day.
Is It Worth Investing in Core & Main Inc (NYSE: CNM) Right Now?
The price-to-earnings ratio for Core & Main Inc (NYSE: CNM) is above average at 25.23x. The 36-month beta value for CNM is also noteworthy at 1.05. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CNM is 192.22M, and at present, short sellers hold a 3.92% of that float. The average trading volume of CNM on July 31, 2024 was 2.11M shares.
CNM’s Market Performance
CNM’s stock has seen a 5.87% increase for the week, with a 11.03% rise in the past month and a -4.80% fall in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 3.26% for Core & Main Inc The simple moving average for the last 20 days is 5.12% for CNM’s stock, with a simple moving average of 16.16% 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 3.01% 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 -13.50% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +10.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.93% lower at present.
During the last 5 trading sessions, CNM rose by +5.50%, which changed the moving average for the period of 200-days by +68.16% in comparison to the 20-day moving average, which settled at $51.40. In addition, Core & Main Inc saw 33.04% 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 Gipson Dennis G, who sale 25,000 shares at the price of $53.08 back on Jul 16 ’24. After this action, Gipson Dennis G now owns 0 shares of Core & Main Inc, valued at $1,327,058 using the latest closing price.
Castellano James G, the Director of Core & Main Inc, sale 12,500 shares at $52.22 during a trade that took place back on Jul 15 ’24, which means that Castellano James G is holding 0 shares at $652,786 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
- 0.26 for the gross margin
The net margin for Core & Main Inc stands at 0.06. The total capital return value is set at 0.15. Equity return is now at value 23.76, with 6.93 for asset returns.
Based on Core & Main Inc (CNM), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 1.58. The interest coverage ratio of the stock is 7.95.
Currently, EBITDA for the company is 895.0 million with net debt to EBITDA at 3.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. The receivables turnover for the company is 5.72for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
In summary, Core & Main Inc (CNM) has had a better performance as of late. Analysts have mixed 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.
