In the past week, CMI stock has gone up by 5.84%, with a monthly gain of 6.80% and a quarterly surge of 16.65%. The volatility ratio for the week is 2.34%, and the volatility levels for the last 30 days are 2.24% for Cummins Inc. The simple moving average for the past 20 days is 7.56% for CMI’s stock, with a 18.32% simple moving average for the past 200 days.
Is It Worth Investing in Cummins Inc. (NYSE: CMI) Right Now?
The price-to-earnings ratio for Cummins Inc. (NYSE: CMI) is above average at 23.71x. The 36-month beta value for CMI is also noteworthy at 0.97. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CMI is 134.81M, and at present, short sellers hold a 1.66% of that float. The average trading volume of CMI on September 26, 2024 was 771.34K shares.
CMI) stock’s latest price update
Cummins Inc. (NYSE: CMI) has seen a rise in its stock price by 3.05 in relation to its previous close of 317.50. However, the company has experienced a 5.84% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-22 that Cummins Inc is a leader in engine and power generation manufacturing, has shown consistent financial performance, growing at a CAGR of 13.6% since the Financial Crisis. Q2’24 results were strong, with revenue and EPS beating estimates, highlighting resilience despite industry headwinds, especially in the trucking sector. I think Cummins is well-positioned for future growth due to emissions regulations and increasing demand for electrification and alternative energy solutions.
Analysts’ Opinion of CMI
Citigroup, on the other hand, stated in their research note that they expect to see CMI reach a price target of $320. The rating they have provided for CMI stocks is “Buy” according to the report published on June 26th, 2024.
TD Cowen gave a rating of “Buy” to CMI, setting the target price at $292 in the report published on May 10th of the current year.
CMI Trading at 9.51% from the 50-Day Moving Average
After a stumble in the market that brought CMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.28% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +6.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.64% upper at present.
During the last 5 trading sessions, CMI rose by +5.62%, which changed the moving average for the period of 200-days by +41.60% in comparison to the 20-day moving average, which settled at $305.23. In addition, Cummins Inc. saw 36.57% 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 CMI starting from Satterthwaite Tony, who sale 24,250 shares at the price of $308.24 back on Aug 23 ’24. After this action, Satterthwaite Tony now owns 77,442 shares of Cummins Inc., valued at $7,474,875 using the latest closing price.
LIVINGSTON LORD SATTERTHWAITE, the Officer of Cummins Inc., proposed sale 24,250 shares at $308.24 during a trade that took place back on Aug 23 ’24, which means that LIVINGSTON LORD SATTERTHWAITE is holding shares at $7,474,876 based on the most recent closing price.
Stock Fundamentals for CMI
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.24 for the gross margin
The net margin for Cummins Inc. stands at 0.06. The total capital return value is set at 0.07. Equity return is now at value 19.55, with 6.17 for asset returns.
Based on Cummins Inc. (CMI), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is 3.86.
Currently, EBITDA for the company is 3.02 billion with net debt to EBITDA at 2.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 6.1for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In summary, Cummins Inc. (CMI) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
