Cummins Inc. (NYSE: CMI) kicked off on Friday, up 0.76% from the previous trading day, before settling in for the closing price of $332.99. Over the past 52 weeks, CMI has traded in a range of $212.80-$339.78.
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A company in the Industrials sector has jumped its sales by 8.52% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 0.51%. With a float of $134.83 million, this company’s outstanding shares have now reached $141.80 million.
In an organization with 75500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 24.12%, operating margin of 4.37%, and the pretax margin is 8.33%.
Cummins Inc. (CMI) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Cummins Inc. is 1.62%, while institutional ownership is 85.33%. The most recent insider transaction that took place on Aug 23 ’24, was worth 7,474,875. In this transaction Senior Vice President of this company sold 24,250 shares at a rate of $308.24, taking the stock ownership to the 77,442 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 24,250 for $308.24, making the entire transaction worth $7,474,876.
Cummins Inc. (CMI) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 4.59 earnings per share (EPS), lower than consensus estimate (set at 4.68) by -0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.72 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.28% during the next five years compared to -17.10% drop over the previous five years of trading.
Cummins Inc. (NYSE: CMI) Trading Performance Indicators
Take a look at Cummins Inc.’s (CMI) current performance indicators. Last quarter, stock had a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.35. Likewise, its price to free cash flow for the trailing twelve months is 38.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.80, a number that is poised to hit 4.82 in the next quarter and is forecasted to reach 21.88 in one year’s time.
Technical Analysis of Cummins Inc. (CMI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.74 million. That was inferior than the volume of 1.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.70%. Additionally, its Average True Range was 6.07.
During the past 100 days, Cummins Inc.’s (CMI) raw stochastic average was set at 93.30%, which indicates a significant increase from 72.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.35% in the past 14 days, which was lower than the 25.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $312.26, while its 200-day Moving Average is $284.25. However, in the short run, Cummins Inc.’s stock first resistance to watch stands at $339.86. Second resistance stands at $344.21. The third major resistance level sits at $347.60. If the price goes on to break the first support level at $332.12, it is likely to go to the next support level at $328.73. Assuming the price breaks the second support level, the third support level stands at $324.38.
Cummins Inc. (NYSE: CMI) Key Stats
The company with the Market Capitalisation of 45.98 billion has total of 136,780K Shares Outstanding. Its annual sales at the moment are 34,065 M in contrast with the sum of 735,000 K annual income. Company’s last quarter sales were recorded 8,796 M and last quarter income was 726,000 K.
