Carpenter Technology Corporation (CRS) with a beta value of 1.73 appears to be a promising investment opportunity.

On January 24, 2023, Carpenter Technology Corporation (NYSE: CRS) opened at $43.77, lower -2.76% from the last session. During the day, the shares moved up to $44.29 and dropped to $42.84 before settling in for the closing price of $44.13. Price fluctuations for CRS have ranged from $24.76 to $44.97 over the past 52 weeks.

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Industrials Sector giant saw their annual sales surged by 0.40% over the last five years. Company’s average yearly earnings per share was noted 78.70% at the time writing. With a float of $47.30 million, this company’s outstanding shares have now reached $48.70 million.

The firm has a total of 4100 workers. Let’s measure their productivity. In terms of profitability, gross margin is +7.73, operating margin of -2.90, and the pretax margin is -3.44.

Carpenter Technology Corporation (CRS) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Metal Fabrication industry is another important factor to consider. The insider ownership of Carpenter Technology Corporation is 1.20%, while institutional ownership is 94.40%.

Carpenter Technology Corporation (CRS) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/29/2022, the company posted -$0.14 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.14) by $0. This company achieved a net margin of -2.68 while generating a return on equity of -3.61. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.5 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 78.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.87% during the next five years compared to -24.80% drop over the previous five years of trading.

Carpenter Technology Corporation (NYSE: CRS) Trading Performance Indicators

Check out the current performance indicators for Carpenter Technology Corporation (CRS). In the past quarter, the stock posted a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.03.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.85, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 2.55 in one year’s time.

Technical Analysis of Carpenter Technology Corporation (CRS)

Analysing the last 5-days average volume posted by the [Carpenter Technology Corporation, CRS], we can find that recorded value of 0.42 million was better than the volume posted last year of 0.34 million. As of the previous 9 days, the stock’s Stochastic %D was 72.54%. Additionally, its Average True Range was 1.61.

During the past 100 days, Carpenter Technology Corporation’s (CRS) raw stochastic average was set at 85.23%, which indicates a significant increase from 77.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.45% in the past 14 days, which was lower than the 45.54% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $40.36, while its 200-day Moving Average is $35.88. Now, the first resistance to watch is $43.85. This is followed by the second major resistance level at $44.80. The third major resistance level sits at $45.30. If the price goes on to break the first support level at $42.40, it is likely to go to the next support level at $41.90. Now, if the price goes above the second support level, the third support stands at $40.95.

Carpenter Technology Corporation (NYSE: CRS) Key Stats

There are currently 48,445K shares outstanding in the company with a market cap of 2.03 billion. Presently, the company’s annual sales total 1,836 M according to its annual income of -49,100 K. Last quarter, the company’s sales amounted to 522,900 K and its income totaled -6,900 K.

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