Commercial Metals Co. (CMC) Stock: Evaluating the Market Performance

The price-to-earnings ratio for Commercial Metals Co. (NYSE: CMC) is 11.18x, which is above its average ratio. Moreover, the 36-month beta value for CMC is 1.13. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 1 as “sell.”

The public float for CMC is 113.85M and currently, short sellers hold a 2.52% of that float. On October 17, 2024, CMC’s average trading volume was 747.80K shares.

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CMC) stock’s latest price update

Commercial Metals Co. (NYSE: CMC)’s stock price has gone rise by 1.11 in comparison to its previous close of 53.08, however, the company has experienced a 2.05% increase in its stock price over the last five trading days. prnewswire.com reported 2024-10-15 that IRVING, Texas, Oct. 15, 2024 /PRNewswire/ — Today, October 15, 2024, the board of directors of Commercial Metals Company (“CMC” or the “Company”) (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC’s 240th consecutive quarterly dividend will be paid on November 14, 2024, to stockholders of record as of the close of business on October 31, 2024.

CMC’s Market Performance

CMC’s stock has risen by 2.05% in the past week, with a monthly rise of 4.27% and a quarterly drop of -7.61%. The volatility ratio for the week is 1.85% while the volatility levels for the last 30 days are 2.25% for Commercial Metals Co. The simple moving average for the last 20 days is -0.04% for CMC’s stock, with a simple moving average of -0.67% for the last 200 days.

Analysts’ Opinion of CMC

Jefferies, on the other hand, stated in their research note that they expect to see CMC reach a price target of $65. The rating they have provided for CMC stocks is “Buy” according to the report published on September 03rd, 2024.

UBS gave a rating of “Buy” to CMC, setting the target price at $65 in the report published on January 16th of the current year.

CMC Trading at 1.59% 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 -12.39% of loss for the given period.

Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +3.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.71% upper at present.

During the last 5 trading sessions, CMC rose by +2.05%, which changed the moving average for the period of 200-days by +7.25% in comparison to the 20-day moving average, which settled at $53.69. In addition, Commercial Metals Co. saw 7.25% 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 0.82. 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 wrap up, the performance of Commercial Metals Co. (CMC) has been better 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.

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