In the past week, CMC stock has gone down by -4.49%, with a monthly decline of -5.98% and a quarterly plunge of -13.19%. The volatility ratio for the week is 4.59%, and the volatility levels for the last 30 days are 2.75% for Commercial Metals Co. The simple moving average for the last 20 days is -4.78% for CMC stock, with a simple moving average of -5.35% for the last 200 days.
Is It Worth Investing in Commercial Metals Co. (NYSE: CMC) Right Now?
Commercial Metals Co. (NYSE: CMC) has a price-to-earnings ratio that is above its average at 12.38x. The stock has a 36-month beta value of 1.13. Opinions on the stock are mixed, 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 112.61M, and at present, short sellers hold a 2.55% of that float. On October 24, 2024, the average trading volume of CMC was 775.94K shares.
CMC) stock’s latest price update
Commercial Metals Co. (NYSE: CMC)’s stock price has plunge by -4.13relation to previous closing price of 53.47. Nevertheless, the company has seen a -4.49% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-10-18 that CMC’s Q4 earnings reflect the impacts of lower sales across all segments.
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 -3.23% 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 -16.32% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 4.59%, as shares sank -4.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.29% lower at present.
During the last 5 trading sessions, CMC fell by -4.49%, which changed the moving average for the period of 200-days by -1.10% in comparison to the 20-day moving average, which settled at $53.83. In addition, Commercial Metals Co. saw 2.44% 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 proposed sale 71,777 shares at the price of $55.38 back on Oct 21 ’24. After this action, Smith Barbara now owns shares of Commercial Metals Co., valued at $3,975,358 using the latest closing price.
Smith Barbara, the Executive Chairman of Commercial Metals Co., sale 35,704 shares at $57.88 during a trade that took place back on Mar 27 ’24, which means that Smith Barbara is holding 36,196 shares at $2,066,548 based on the most recent closing price.
Stock Fundamentals for CMC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.15 for the gross margin
The net margin for Commercial Metals Co. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 11.53, with 7.03 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 0.76. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 10.83.
Currently, EBITDA for the company is -32.74 million with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 6.84for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.94.
Conclusion
To sum up, Commercial Metals Co. (CMC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
