The stock of Carpenter Technology Corp. (NYSE: CRS) has decreased by -2.16 when compared to last closing price of 156.76. Despite this, the company has experienced a -3.89% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-24 that Carpenter Technology (CRS) came out with quarterly earnings of $1.73 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $0.88 per share a year ago.
Is It Worth Investing in Carpenter Technology Corp. (NYSE: CRS) Right Now?
The price-to-earnings ratio for Carpenter Technology Corp. (NYSE: CRS) is above average at 41.48x. The 36-month beta value for CRS is also noteworthy at 1.46. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CRS is 47.27M, and at present, short sellers hold a 3.40% of that float. The average trading volume of CRS on October 24, 2024 was 569.75K shares.
CRS’s Market Performance
CRS stock saw a decrease of -3.89% in the past week, with a monthly decline of -5.20% and a quarterly a decrease of 8.94%. The volatility ratio for the week is 2.34%, and the volatility levels for the last 30 days are 2.84% for Carpenter Technology Corp. (CRS). The simple moving average for the past 20 days is -3.32% for CRS’s stock, with a 44.93% simple moving average for the past 200 days.
Analysts’ Opinion of CRS
Many brokerage firms have already submitted their reports for CRS stocks, with BTIG Research repeating the rating for CRS by listing it as a “Buy.” The predicted price for CRS in the upcoming period, according to BTIG Research is $165 based on the research report published on July 30, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see CRS reach a price target of $120. The rating they have provided for CRS stocks is “Buy” according to the report published on June 26th, 2024.
Deutsche Bank gave a rating of “Buy” to CRS, setting the target price at $144 in the report published on June 25th of the current year.
CRS Trading at 2.21% from the 50-Day Moving Average
After a stumble in the market that brought CRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.89% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares sank -1.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.84% upper at present.
During the last 5 trading sessions, CRS fell by -3.26%, which changed the moving average for the period of 200-days by +140.90% in comparison to the 20-day moving average, which settled at $158.68. In addition, Carpenter Technology Corp. saw 116.62% 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 CRS starting from INGLIS I MARTIN, who sale 750 shares at the price of $143.63 back on Sep 17 ’24. After this action, INGLIS I MARTIN now owns 4,253 shares of Carpenter Technology Corp., valued at $107,722 using the latest closing price.
IAN M INGLIS, the Director of Carpenter Technology Corp., proposed sale 750 shares at $143.63 during a trade that took place back on Sep 17 ’24, which means that IAN M INGLIS is holding shares at $107,723 based on the most recent closing price.
Stock Fundamentals for CRS
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.21 for the gross margin
The net margin for Carpenter Technology Corp. stands at 0.07. The total capital return value is set at 0.13. Equity return is now at value 12.30, with 5.87 for asset returns.
Based on Carpenter Technology Corp. (CRS), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 6.12.
Currently, EBITDA for the company is 499.7 million with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
In summary, Carpenter Technology Corp. (CRS) has had a mixed performance as of late. Analysts have mixed 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.
