On Monday, Core & Main Inc (NYSE: CNM) opened higher 0.81% from the last session, before settling in for the closing price of $54.17. Price fluctuations for CNM have ranged from $25.08 to $60.83 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 16.88%. Company’s average yearly earnings per share was noted 13.74% at the time writing. With a float of $191.89 million, this company’s outstanding shares have now reached $192.15 million.
Considering the fact that the conglomerate employs 5000 people, you should pay attention to its efficiency factor.
Core & Main Inc (CNM) Insider Activity
A key investor’s attitude towards the stock of the Industrial Distribution industry is another important factor to consider. The insider ownership of Core & Main Inc is 0.14%, while institutional ownership is 84.67%. The most recent insider transaction that took place on Apr 08 ’24, was worth 2,925,730. In this transaction Chief Financial Officer of this company sold 50,000 shares at a rate of $58.51, taking the stock ownership to the 23,898 shares. Before that another transaction happened on Mar 22 ’24, when Company’s General Counsel and Secretary sold 50,000 for $57.91, making the entire transaction worth $2,895,605. This insider now owns 12,933 shares in total.
Core & Main Inc (CNM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 13.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.53% during the next five years compared to 56.51% growth over the previous five years of trading.
Core & Main Inc (NYSE: CNM) Trading Performance Indicators
Check out the current performance indicators for Core & Main Inc (CNM). 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 1.57. Likewise, its price to free cash flow for the trailing twelve months is 10.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.13, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.80 in one year’s time.
Technical Analysis of Core & Main Inc (CNM)
Compared to the last year’s volume of 2.9 million, its volume of 1.59 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.64%. Additionally, its Average True Range was 1.57.
During the past 100 days, Core & Main Inc’s (CNM) raw stochastic average was set at 76.81%, which indicates a significant increase from 17.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.44% in the past 14 days, which was higher than the 26.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $51.88, while its 200-day Moving Average is $38.43. Nevertheless, the first resistance level for the watch stands at $55.25 in the near term. At $55.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $56.85. If the price goes on to break the first support level at $53.65, it is likely to go to the next support level at $52.68. Should the price break the second support level, the third support level stands at $52.05.
Core & Main Inc (NYSE: CNM) Key Stats
There are currently 201,371K shares outstanding in the company with a market cap of 10.49 billion. Presently, the company’s annual sales total 6,702 M according to its annual income of 371,000 K. Last quarter, the company’s sales amounted to 1,440 M and its income totaled 63,000 K.
