The stock price of CMS Energy Corporation (NYSE: CMS) has jumped by 0.13 compared to previous close of 68.30. Despite this, the company has seen a fall of -3.89% in its stock price over the last five trading days. globenewswire.com reported 2024-11-04 that – TULSA to stand above all other covered prostate disease treatment modalities at Urology Level 7 reimbursement – – First-time CPT® code reimbursement for TULSA to be effective January 1, 2025 – TORONTO, Nov. 04, 2024 (GLOBE NEWSWIRE) — Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, today announced that U.S. Centers for Medicare and Medicaid Services (“CMS”) has released its final rule (the “Final Rule”) establishing, for the first time, a Category 1 CPT® code for the Transurethral Ultrasound Ablation (“TULSA”) procedure, effective January 1, 2025. According to the Final Rule, TULSA will have three codes to cover how therapy is delivered depending on if there are one or two physicians involved in the procedure: CPT 51721 TULSA Device Management and CPT 55881 TULSA Treatment, when two physicians are involved in the procedure, and CPT 55882 TULSA Complete Procedure, when performed by a single physician.
Is It Worth Investing in CMS Energy Corporation (NYSE: CMS) Right Now?
CMS Energy Corporation (NYSE: CMS) has a price-to-earnings ratio of 19.59x that is above its average ratio. Additionally, the 36-month beta value for CMS is 0.41. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CMS is 296.98M and currently, short sellers hold a 3.08% ratio of that float. The average trading volume of CMS on November 05, 2024 was 1.98M shares.
CMS’s Market Performance
CMS’s stock has seen a -3.89% decrease for the week, with a -3.97% drop in the past month and a 5.38% gain in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are at 1.37% for CMS Energy Corporation. The simple moving average for the past 20 days is -2.69% for CMS’s stock, with a 9.00% simple moving average for the past 200 days.
Analysts’ Opinion of CMS
Many brokerage firms have already submitted their reports for CMS stocks, with Mizuho repeating the rating for CMS by listing it as a “Neutral.” The predicted price for CMS in the upcoming period, according to Mizuho is $72 based on the research report published on October 15, 2024 of the current year 2024.
Guggenheim gave a rating of “Buy” to CMS, setting the target price at $64 in the report published on February 02nd of the current year.
CMS Trading at -2.04% from the 50-Day Moving Average
After a stumble in the market that brought CMS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.54% of loss for the given period.
Volatility was left at 1.37%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -1.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.89% upper at present.
During the last 5 trading sessions, CMS fell by -3.89%, which changed the moving average for the period of 200-days by +21.17% in comparison to the 20-day moving average, which settled at $70.28. In addition, CMS Energy Corporation saw 17.77% 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 CMS starting from Hofmeister Brandon J., who sale 2,000 shares at the price of $68.85 back on Sep 04 ’24. After this action, Hofmeister Brandon J. now owns 66,771 shares of CMS Energy Corporation, valued at $137,709 using the latest closing price.
Hofmeister Brandon J., the Officer of CMS Energy Corporation, proposed sale 2,000 shares at $68.91 during a trade that took place back on Sep 04 ’24, which means that Hofmeister Brandon J. is holding shares at $137,820 based on the most recent closing price.
Stock Fundamentals for CMS
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.39 for the gross margin
The net margin for CMS Energy Corporation stands at 0.14. The total capital return value is set at 1.58. Equity return is now at value 13.69, with 3.11 for asset returns.
Based on CMS Energy Corporation (CMS), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 2.8.
Currently, EBITDA for the company is 2.78 billion with net debt to EBITDA at 4.08. When we switch over and look at the enterprise to sales, we see a ratio of 4.2. The receivables turnover for the company is 9.31for trailing twelve months and the total asset turnover is 2.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In conclusion, CMS Energy Corporation (CMS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
