In the past week, CMC stock has gone down by -1.95%, with a monthly decline of -11.31% and a quarterly plunge of -2.88%. The volatility ratio for the week is 2.43%, and the volatility levels for the last 30 days are 2.64% for Commercial Metals Co. The simple moving average for the last 20 days is -2.33% for CMC’s stock, with a simple moving average of -0.28% for the last 200 days.
Is It Worth Investing in Commercial Metals Co. (NYSE: CMC) Right Now?
Commercial Metals Co. (NYSE: CMC) has a higher price-to-earnings ratio of 11.01x compared to its average ratio. CMC has 36-month beta value of 1.14. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for CMC is 113.87M, and currently, short sellers hold a 2.66% ratio of that float. The average trading volume of CMC on August 29, 2024 was 783.48K shares.
CMC) stock’s latest price update
Commercial Metals Co. (NYSE: CMC)’s stock price has gone decline by -1.66 in comparison to its previous close of 53.74, however, the company has experienced a -1.95% decrease in its stock price over the last five trading days. invezz.com reported 2024-08-28 that UK-listed forex and contracts for difference (CFD) companies are doing well this year as monthly volumes bounce back and their cost-cutting measures work. Plus500 (PLUS) share price has risen in the last six consecutive months and in 9 of the last 10 months.
Analysts’ Opinion of CMC
Many brokerage firms have already submitted their reports for CMC stocks, with UBS repeating the rating for CMC by listing it as a “Buy.” The predicted price for CMC in the upcoming period, according to UBS is $65 based on the research report published on January 16, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CMC reach a price target of $63. The rating they have provided for CMC stocks is “Buy” according to the report published on July 11th, 2023.
BofA Securities gave a rating of “Buy” to CMC, setting the target price at $60 in the report published on April 05th of the previous year.
CMC Trading at -3.62% from the 50-Day Moving Average
After a stumble in the market that brought CMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.73% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -12.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.89% upper at present.
During the last 5 trading sessions, CMC fell by -1.95%, which changed the moving average for the period of 200-days by +17.26% in comparison to the 20-day moving average, which settled at $53.75. In addition, Commercial Metals Co. saw 5.62% 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 CMC starting from Smith Barbara, who sale 35,704 shares at the price of $57.88 back on Mar 27 ’24. After this action, Smith Barbara now owns 36,196 shares of Commercial Metals Co., valued at $2,066,548 using the latest closing price.
Smith Barbara, the Executive Chairman of Commercial Metals Co., sale 23,619 shares at $51.65 during a trade that took place back on Feb 07 ’24, which means that Smith Barbara is holding 72,400 shares at $1,219,921 based on the most recent closing price.
Stock Fundamentals for CMC
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.18 for the gross margin
The net margin for Commercial Metals Co. stands at 0.07. The total capital return value is set at 0.13. Equity return is now at value 13.66, with 8.55 for asset returns.
Based on Commercial Metals Co. (CMC), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 18.16.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 0.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 6.88for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.24.
Conclusion
To put it simply, Commercial Metals Co. (CMC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
