Moreover, the 36-month beta value for CMP is 1.11. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for CMP is 40.90M and currently, short sellers hold a 8.38% of that float. On October 16, 2024, CMP’s average trading volume was 1.05M shares.
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CMP) stock’s latest price update
The stock of Compass Minerals International Inc (NYSE: CMP) has increased by 7.36 when compared to last closing price of 11.95.Despite this, the company has seen a gain of 5.95% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-17 that Compass Minerals International’s stock surged 21.1% after preliminary Q3 results showed higher-than-expected revenue despite lower adjusted earnings per share. The company’s Salt segment showed strength, but the Plant Nutrition segment saw declines in both sales volume and average price per ton. Management’s updated guidance for 2024 indicates potential profitability, though past financial misstatements and project failures present significant risks.
CMP’s Market Performance
CMP’s stock has risen by 5.95% in the past week, with a monthly rise of 39.31% and a quarterly drop of -1.69%. The volatility ratio for the week is 8.24% while the volatility levels for the last 30 days are 7.56% for Compass Minerals International Inc The simple moving average for the past 20 days is 7.39% for CMP’s stock, with a -12.49% simple moving average for the past 200 days.
Analysts’ Opinion of CMP
Many brokerage firms have already submitted their reports for CMP stocks, with Loop Capital repeating the rating for CMP by listing it as a “Buy.” The predicted price for CMP in the upcoming period, according to Loop Capital is $23 based on the research report published on April 26, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see CMP reach a price target of $26, previously predicting the price at $29. The rating they have provided for CMP stocks is “Hold” according to the report published on March 04th, 2024.
JP Morgan gave a rating of “Neutral” to CMP, setting the target price at $24 in the report published on November 20th of the previous year.
CMP Trading at 23.14% from the 50-Day Moving Average
After a stumble in the market that brought CMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.30% of loss for the given period.
Volatility was left at 7.56%, however, over the last 30 days, the volatility rate increased by 8.24%, as shares surge +15.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.11% upper at present.
During the last 5 trading sessions, CMP rose by +5.95%, which changed the moving average for the period of 200-days by -50.88% in comparison to the 20-day moving average, which settled at $11.95. In addition, Compass Minerals International Inc saw -49.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMP starting from Reece Joseph E, who purchase 5,000 shares at the price of $21.24 back on Jan 22 ’24. After this action, Reece Joseph E now owns 16,000 shares of Compass Minerals International Inc, valued at $106,200 using the latest closing price.
Stock Fundamentals for CMP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.18 for the gross margin
The net margin for Compass Minerals International Inc stands at 0.08. The total capital return value is set at 0.0. Equity return is now at value -38.16, with -10.19 for asset returns.
Based on Compass Minerals International Inc (CMP), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 90.7 million with net debt to EBITDA at 19.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 3.41for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.
Conclusion
To wrap up, the performance of Compass Minerals International Inc (CMP) 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.
