Compass Minerals International Inc (CMP) kicked off at the price of $25.32: Venture capitalists have an exciting new opportunity

On November 20, 2023, Compass Minerals International Inc (NYSE: CMP) opened at $24.27, higher 6.97% from the last session. During the day, the shares moved up to $25.44 and dropped to $24.01 before settling in for the closing price of $23.67. Price fluctuations for CMP have ranged from $22.80 to $47.68 over the past 52 weeks.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Basic Materials sector was -3.17%. Company’s average yearly earnings per share was noted 107.94% at the time writing. With a float of $40.84 million, this company’s outstanding shares have now reached $41.15 million.

Considering the fact that the conglomerate employs 1954 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +19.42, operating margin of +6.57, and the pretax margin is +2.73.

Compass Minerals International Inc (CMP) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Other Industrial Metals & Mining industry is another important factor to consider. The insider ownership of Compass Minerals International Inc is 0.77%, while institutional ownership is 95.65%. The most recent insider transaction that took place on Sep 21, was worth 94,056. In this transaction Chief Commercial Officer of this company bought 3,503 shares at a rate of $26.85, taking the stock ownership to the 30,000 shares. Before that another transaction happened on Jan 18, when Company’s Chief Commercial Officer sold 7,644 for $46.16, making the entire transaction worth $352,847. This insider now owns 26,497 shares in total.

Compass Minerals International Inc (CMP) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.06 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.04) by -$0.02. This company achieved a net margin of +1.29 while generating a return on equity of 4.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.69 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 107.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.55% during the next five years compared to -21.61% drop over the previous five years of trading.

Compass Minerals International Inc (NYSE: CMP) Trading Performance Indicators

Check out the current performance indicators for Compass Minerals International Inc (CMP). In the past quarter, the stock posted a quick ratio of 0.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.36, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.59 in one year’s time.

Technical Analysis of Compass Minerals International Inc (CMP)

Compared to the last year’s volume of 0.35 million, its volume of 0.51 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 48.38%. Additionally, its Average True Range was 1.11.

During the past 100 days, Compass Minerals International Inc’s (CMP) raw stochastic average was set at 14.84%, which indicates a significant decrease from 73.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.66% in the past 14 days, which was higher than the 37.64% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $26.31, while its 200-day Moving Average is $32.22. Nevertheless, the first resistance level for the watch stands at $25.84 in the near term. At $26.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.27. If the price goes on to break the first support level at $24.41, it is likely to go to the next support level at $23.49. Now, if the price goes above the second support level, the third support stands at $22.98.

Compass Minerals International Inc (NYSE: CMP) Key Stats

There are currently 41,155K shares outstanding in the company with a market cap of 1.04 billion. Presently, the company’s annual sales total 1,244 M according to its annual income of -25,100 K. Last quarter, the company’s sales amounted to 207,600 K and its income totaled 39,900 K.

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