Commercial Metals Co. (NYSE: CMC) on Tuesday, plunged -1.81% from the previous trading day, before settling in for the closing price of $54.68. Within the past 52 weeks, CMC’s price has moved between $39.85 and $59.81.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 14.71%. The company achieved an average annual earnings per share of -38.92%. With a float of $114.60 million, this company’s outstanding shares have now reached $116.52 million.
Considering the fact that the conglomerate employs 13022 people, you should pay attention to its efficiency factor.
Commercial Metals Co. (CMC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Steel industry stocks is more important than anything else. The insider ownership of Commercial Metals Co. is 0.96%, while institutional ownership is 87.58%. The most recent insider transaction that took place on Mar 27 ’24, was worth 2,066,548. In this transaction Executive Chairman of this company sold 35,704 shares at a rate of $57.88, taking the stock ownership to the 36,196 shares. Before that another transaction happened on Feb 07 ’24, when Company’s Executive Chairman sold 23,619 for $51.65, making the entire transaction worth $1,219,921. This insider now owns 72,400 shares in total.
Commercial Metals Co. (CMC) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -38.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -9.40% during the next five years compared to 43.96% growth over the previous five years of trading.
Commercial Metals Co. (NYSE: CMC) Trading Performance Indicators
Commercial Metals Co. (CMC) is currently performing well based on its current performance indicators. A quick ratio of 2.83 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 11.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.80, a number that is poised to hit 1.15 in the next quarter and is forecasted to reach 4.71 in one year’s time.
Technical Analysis of Commercial Metals Co. (CMC)
Compared to the last year’s volume of 0.91 million, its volume of 1.39 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 88.16%. Additionally, its Average True Range was 1.46.
During the past 100 days, Commercial Metals Co.’s (CMC) raw stochastic average was set at 40.87%, which indicates a significant decrease from 74.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.19% in the past 14 days, which was higher than the 25.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.76, while its 200-day Moving Average is $51.16. Nevertheless, the first resistance level for the watch stands at $54.46 in the near term. At $55.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.81. If the price goes on to break the first support level at $53.11, it is likely to go to the next support level at $52.53. Now, if the price goes above the second support level, the third support stands at $51.76.
Commercial Metals Co. (NYSE: CMC) Key Stats
Market capitalization of the company is 6.21 billion based on 115,708K outstanding shares. Right now, sales total 8,800 M and income totals 859,760 K. The company made 2,078 M in profit during its latest quarter, and 119,440 K in sales during its previous quarter.
