Carpenter Technology Corp (NYSE: CRS)’s stock price has gone rise by 2.61 in comparison to its previous close of 165.27, however, the company has experienced a -4.28% decrease in its stock price over the last five trading days. zacks.com reported 2024-12-18 that Carpenter (CRS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Carpenter Technology Corp (NYSE: CRS) Right Now?
Carpenter Technology Corp (NYSE: CRS) has a price-to-earnings ratio that is above its average at 37.77x. The stock has a 36-month beta value of 1.56. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for CRS is 47.29M, and at present, short sellers hold a 5.67% of that float. On December 20, 2024, the average trading volume of CRS was 632.04K shares.
CRS’s Market Performance
The stock of Carpenter Technology Corp (CRS) has seen a -4.28% decrease in the past week, with a -8.08% drop in the past month, and a 8.26% gain in the past quarter. The volatility ratio for the week is 4.49%, and the volatility levels for the past 30 days are at 3.32% for CRS. The simple moving average for the last 20 days is -8.40% for CRS’s stock, with a simple moving average of 32.61% for the last 200 days.
Analysts’ Opinion of CRS
Many brokerage firms have already submitted their reports for CRS stocks, with JP Morgan repeating the rating for CRS by listing it as a “Overweight.” The predicted price for CRS in the upcoming period, according to JP Morgan is $220 based on the research report published on November 22, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see CRS reach a price target of $165, previously predicting the price at $120. The rating they have provided for CRS stocks is “Buy” according to the report published on July 30th, 2024.
BTIG Research gave a rating of “Buy” to CRS, setting the target price at $120 in the report published on June 26th of the current year.
CRS Trading at -2.11% from the 50-Day Moving Average
After a stumble in the market that brought CRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.45% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.53% upper at present.
During the last 5 trading sessions, CRS fell by -4.28%, which changed the moving average for the period of 200-days by +159.87% in comparison to the 20-day moving average, which settled at $185.14. In addition, Carpenter Technology Corp saw 139.53% 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 CRS starting from LAIN TIMOTHY, who sale 3,250 shares at the price of $183.10 back on Nov 20 ’24. After this action, LAIN TIMOTHY now owns 95,038 shares of Carpenter Technology Corp, valued at $595,091 using the latest closing price.
Thene Tony R, the President and CEO of Carpenter Technology Corp, sale 28,500 shares at $181.10 during a trade that took place back on Nov 20 ’24, which means that Thene Tony R is holding 494,206 shares at $5,161,263 based on the most recent closing price.
Stock Fundamentals for CRS
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.23 for the gross margin
The net margin for Carpenter Technology Corp stands at 0.08. The total capital return value is set at 0.14. Equity return is now at value 14.69, with 7.17 for asset returns.
Based on Carpenter Technology Corp (CRS), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 6.48.
Currently, EBITDA for the company is 397.2 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.19. The receivables turnover for the company is 4.96for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.84.
Conclusion
To sum up, Carpenter Technology Corp (CRS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
