Additionally, the 36-month beta value for CMP is 1.16. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for CMP is 41.01M and currently, short sellers hold a 7.53% ratio of that float. The average trading volume of CMP on December 06, 2024 was 1.03M shares.
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CMP) stock’s latest price update
Compass Minerals International Inc (NYSE: CMP)’s stock price has gone decline by -3.91 in comparison to its previous close of 13.82, however, the company has experienced a -13.93% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-11-15 that BAODING, China, Nov. 15, 2024 /PRNewswire/ — IT Tech Packaging Inc. (NYSE American: ITP) (“IT Tech Packaging” or the “Company”), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the nine and three months ended September 30, 2024. Third Quarter 2024 Unaudited Financial Results For the Three Months Ended September 30, ($ millions) 2024 2023 % Change Revenues 25.08 15.77 59.03 % Regular Corrugating Medium Paper (“CMP”)* 20.91 11.95 74.93 % Light-Weight CMP** 4.13 3.47 19.16 % Offset Printing Paper – 0.07 – Tissue Paper Products – 0.26 – Face Masks – 0.02 – Gross profit (loss) 1.92 (0.15) 1351.37 % Gross profit (loss) margin 7.64 % -0.97 % 8.61pp*** Regular Corrugating Medium Paper (“CMP”)* 7.54 % 7.01 % 0.53pp**** Light-Weight CMP** 7.33 % -7.47 % 14.80pp**** Offset Printing Paper – 7.53 % – Tissue Paper Products*** – -278.10 % Face Masks – -15.75 % – Operating income（loss） (1.46) (2.48) -41.07 % Net income (loss) (1.97) (1.98) -0.07 % EBITDA 2.03 1.69 20.12 % Basic and Diluted earnings (loss) per share (0.20) (0.20) – * Products from PM6 ** Products from PM1 *** Products from PM8 and PM9 **** pp represents percentage points Revenue increased by 59.03% to approximately $25.08 million as compared to the same period of last year.
CMP’s Market Performance
Compass Minerals International Inc (CMP) has seen a -13.93% fall in stock performance for the week, with a -1.78% decline in the past month and a 61.75% surge in the past quarter. The volatility ratio for the week is 4.46%, and the volatility levels for the past 30 days are at 6.26% for CMP. The simple moving average for the last 20 days is -6.34% for CMP’s stock, with a simple moving average of 1.17% for the last 200 days.
Analysts’ Opinion of CMP
Many brokerage firms have already submitted their reports for CMP stocks, with Loop Capital repeating the rating for CMP by listing it as a “Buy.” The predicted price for CMP in the upcoming period, according to Loop Capital is $23 based on the research report published on April 26, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see CMP reach a price target of $26, previously predicting the price at $29. The rating they have provided for CMP stocks is “Hold” according to the report published on March 04th, 2024.
JP Morgan gave a rating of “Neutral” to CMP, setting the target price at $24 in the report published on November 20th of the previous year.
CMP Trading at -0.55% from the 50-Day Moving Average
After a stumble in the market that brought CMP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.27% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 4.46%, as shares surge +1.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.47% upper at present.
During the last 5 trading sessions, CMP fell by -13.09%, which changed the moving average for the period of 200-days by -36.54% in comparison to the 20-day moving average, which settled at $14.19. In addition, Compass Minerals International Inc saw -47.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMP starting from Reece Joseph E, who purchase 5,000 shares at the price of $21.24 back on Jan 22 ’24. After this action, Reece Joseph E now owns 16,000 shares of Compass Minerals International Inc, valued at $106,200 using the latest closing price.
Stock Fundamentals for CMP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.18 for the gross margin
The net margin for Compass Minerals International Inc stands at 0.08. The total capital return value is set at 0.0. Equity return is now at value -37.24, with -9.95 for asset returns.
Based on Compass Minerals International Inc (CMP), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 90.7 million with net debt to EBITDA at 19.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.98. The receivables turnover for the company is 3.41for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.90.
Conclusion
In conclusion, Compass Minerals International Inc (CMP) has seen bad 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’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.
