The stock of Commercial Metals Co (NYSE: CMC) has decreased by -5.39 when compared to last closing price of 54.16. Despite this, the company has experienced a -16.82% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-13 that VANCOUVER, British Columbia, Dec. 13, 2024 (GLOBE NEWSWIRE) — CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the “Company”) announces that further to their News Release dated April 12, 2024, the Company has received TSXV approval, and are pleased to announce that it has settled $133,457.02 of outstanding debt (the “Debt”) through the issuance of common shares of the Company (the “Shares”).
Is It Worth Investing in Commercial Metals Co (NYSE: CMC) Right Now?
Commercial Metals Co (NYSE: CMC) has a price-to-earnings ratio of 12.38x that is above its average ratio. Additionally, the 36-month beta value for CMC is 1.15. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CMC is 112.72M and currently, short sellers hold a 2.82% ratio of that float. The average trading volume of CMC on December 19, 2024 was 867.98K shares.
CMC’s Market Performance
CMC stock saw a decrease of -16.82% in the past week, with a monthly decline of -14.08% and a quarterly a decrease of -5.95%. The volatility ratio for the week is 4.00%, and the volatility levels for the last 30 days are 2.64% for Commercial Metals Co (CMC). The simple moving average for the past 20 days is -14.87% for CMC’s stock, with a -7.55% simple moving average for the past 200 days.
Analysts’ Opinion of CMC
Many brokerage firms have already submitted their reports for CMC stocks, with UBS repeating the rating for CMC by listing it as a “Sell.” The predicted price for CMC in the upcoming period, according to UBS is $56 based on the research report published on December 12, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CMC reach a price target of $75. The rating they have provided for CMC stocks is “Buy” according to the report published on December 02nd, 2024.
CMC Trading at -11.33% 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 -20.60% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares sank -13.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.59% lower at present.
During the last 5 trading sessions, CMC fell by -16.82%, which changed the moving average for the period of 200-days by -3.45% in comparison to the 20-day moving average, which settled at $60.19. In addition, Commercial Metals Co saw 2.40% 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 0.78. 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 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’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.
