The price-to-earnings ratio for Core & Main Inc (NYSE: CNM) is above average at 24.24x. The 36-month beta value for CNM is also noteworthy at 1.03. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for CNM is 189.50M, and at present, short sellers hold a 6.88% of that float. The average trading volume of CNM on December 26, 2024 was 2.50M shares.
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CNM) stock’s latest price update
Core & Main Inc (NYSE: CNM)’s stock price has plunge by 0.68relation to previous closing price of 51.12. Nevertheless, the company has seen a -1.00% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-12-23 that Core & Main (CNM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CNM crossed above the 200-day moving average, suggesting a long-term bullish trend.
CNM’s Market Performance
Core & Main Inc (CNM) has seen a -1.00% fall in stock performance for the week, with a 13.70% gain in the past month and a 16.32% surge in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are at 3.43% for CNM. The simple moving average for the last 20 days is -0.37% for CNM stock, with a simple moving average of 2.11% for the last 200 days.
Analysts’ Opinion of CNM
Many brokerage firms have already submitted their reports for CNM stocks, with Wells Fargo repeating the rating for CNM by listing it as a “Overweight.” The predicted price for CNM in the upcoming period, according to Wells Fargo is $52 based on the research report published on September 23, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CNM reach a price target of $64, previously predicting the price at $63. The rating they have provided for CNM stocks is “Neutral” according to the report published on April 05th, 2024.
Citigroup gave a rating of “Buy” to CNM, setting the target price at $48 in the report published on January 08th of the current year.
CNM Trading at 8.30% from the 50-Day Moving Average
After a stumble in the market that brought CNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.18% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +8.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.67% upper at present.
During the last 5 trading sessions, CNM fell by -1.00%, which changed the moving average for the period of 200-days by +6.59% in comparison to the 20-day moving average, which settled at $51.66. In addition, Core & Main Inc saw 27.37% 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 CNM starting from Giles Jeffrey D, who sale 25,000 shares at the price of $54.71 back on Dec 03 ’24. After this action, Giles Jeffrey D now owns 11,615 shares of Core & Main Inc, valued at $1,367,865 using the latest closing price.
Cowles Bradford A, the President of Core & Main Inc, sale 50,000 shares at $55.07 during a trade that took place back on Dec 03 ’24, which means that Cowles Bradford A is holding 18,423 shares at $2,753,280 based on the most recent closing price.
Stock Fundamentals for CNM
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.26 for the gross margin
The net margin for Core & Main Inc stands at 0.06. The total capital return value is set at 0.14. Equity return is now at value 23.84, with 7.27 for asset returns.
Based on Core & Main Inc (CNM), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.57. The interest coverage ratio of the stock is 5.86.
Currently, EBITDA for the company is 899.0 million with net debt to EBITDA at 2.94. When we switch over and look at the enterprise to sales, we see a ratio of 1.73. The receivables turnover for the company is 5.21for 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 2.14.
Conclusion
In summary, Core & Main Inc (CNM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
