Commercial Metals Co (NYSE: CMC) has a higher price-to-earnings ratio of 15.17x compared to its average ratio, The 36-month beta value for CMC is at 1.13. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for CMC is 112.61M, and currently, shorts hold a 2.70% of that float. The average trading volume for CMC on November 07, 2024 was 781.47K shares.
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CMC) stock’s latest price update
The stock price of Commercial Metals Co (NYSE: CMC) has jumped by 13.72 compared to previous close of 55.23. Despite this, the company has seen a gain of 15.48% in its stock price over the last five trading days. globenewswire.com reported 2024-11-06 that VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) — CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5N) (“CMC” or the “Company”) is pleased to announce the results of its 2024 Annual and Special General Meeting (“AGM”) of shareholders held on September 25, 2024.
CMC’s Market Performance
Commercial Metals Co (CMC) has experienced a 15.48% rise in stock performance for the past week, with a 19.41% rise in the past month, and a 18.24% rise in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are at 3.23% for CMC. The simple moving average for the last 20 days is 15.55% for CMC’s stock, with a simple moving average of 15.48% 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 18.17% 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 able to rebound, for now settling with 2.53% of gains for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares surge +19.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.88% upper at present.
During the last 5 trading sessions, CMC rose by +15.48%, which changed the moving average for the period of 200-days by +22.70% in comparison to the 20-day moving average, which settled at $54.36. In addition, Commercial Metals Co saw 25.52% 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 55,975 shares at the price of $54.43 back on Oct 29 ’24. After this action, Smith Barbara now owns shares of Commercial Metals Co, valued at $3,046,668 using the latest closing price.
Smith Barbara, the Former Officer of Commercial Metals Co, proposed sale 71,777 shares at $55.38 during a trade that took place back on Oct 21 ’24, which means that Smith Barbara is holding shares at $3,975,358 based on the most recent closing price.
Stock Fundamentals for CMC
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Commercial Metals Co stands at 0.06. The total capital return value is set at 0.12. 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 14.86.
Currently, EBITDA for the company is 963.93 million with net debt to EBITDA at 0.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. 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
In conclusion, Commercial Metals Co (CMC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
