The stock of CME Group Inc (CME) has seen a 1.01% increase in the past week, with a 1.70% gain in the past month, and a 7.84% flourish in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 1.68% for CME. The simple moving average for the past 20 days is 2.55% for CME’s stock, with a 9.33% simple moving average for the past 200 days.
Is It Worth Investing in CME Group Inc (NASDAQ: CME) Right Now?
The price-to-earnings ratio for CME Group Inc (NASDAQ: CME) is above average at 24.39x. The 36-month beta value for CME is also noteworthy at 0.56. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CME is 359.14M, and at present, short sellers hold a 1.07% of that float. The average trading volume of CME on November 26, 2024 was 1.92M shares.
CME) stock’s latest price update
The stock price of CME Group Inc (NASDAQ: CME) has jumped by 1.14 compared to previous close of 229.37. Despite this, the company has seen a gain of 1.01% in its stock price over the last five trading days. prnewswire.com reported 2024-11-25 that 90,000 swaps converted to Banco de México’s F-TIIE risk-free rate Shift brings greater liquidity to developing derivatives market CHICAGO, Nov. 25, 2024 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced that it successfully converted approximately 42 trillion pesos (the equivalent of $2 trillion) in outstanding notional open interest from 28-day TIIE swaps to corresponding F-TIIE overnight index swaps (OIS) on November 22. In alignment with global best practices, the new F-TIIE benchmark moves the calculation of Banco de Mexico’s benchmark rate from a survey-based methodology to one based on overnight repo transactions.
Analysts’ Opinion of CME
Many brokerage firms have already submitted their reports for CME stocks, with Redburn Atlantic repeating the rating for CME by listing it as a “Neutral.” The predicted price for CME in the upcoming period, according to Redburn Atlantic is $244 based on the research report published on October 08, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see CME reach a price target of $235. The rating they have provided for CME stocks is “Sector Perform” according to the report published on September 27th, 2024.
TD Cowen gave a rating of “Hold” to CME, setting the target price at $221 in the report published on September 26th of the current year.
CME Trading at 3.51% from the 50-Day Moving Average
After a stumble in the market that brought CME to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.54% of gains for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +2.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.35% upper at present.
During the last 5 trading sessions, CME rose by +1.03%, which changed the moving average for the period of 200-days by +12.19% in comparison to the 20-day moving average, which settled at $226.23. In addition, CME Group Inc saw 10.16% 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 CME starting from Cook Elizabeth A, who sale 750 shares at the price of $226.33 back on Nov 12 ’24. After this action, Cook Elizabeth A now owns 18,239 shares of CME Group Inc, valued at $169,751 using the latest closing price.
Cook Elizabeth A, the Director of CME Group Inc, proposed sale 750 shares at $226.48 during a trade that took place back on Nov 12 ’24, which means that Cook Elizabeth A is holding shares at $169,860 based on the most recent closing price.
Stock Fundamentals for CME
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.83 for the gross margin
The net margin for CME Group Inc stands at 0.57. The total capital return value is set at 0.1. Equity return is now at value 12.30, with 2.63 for asset returns.
Based on CME Group Inc (CME), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.08. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 24.06.
Currently, EBITDA for the company is 3.79 billion with net debt to EBITDA at 0.26. When we switch over and look at the enterprise to sales, we see a ratio of 13.99. The receivables turnover for the company is 9.6for trailing twelve months and the total asset turnover is 0.04.
Conclusion
In summary, CME Group Inc (CME) has had a better 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.
