On Tuesday, Cummins Inc (NYSE: CMI) opened higher 8.86% from the last session, before settling in for the closing price of $325.62. Price fluctuations for CMI have ranged from $214.57 to $340.82 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 1.19% at the time writing. 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 24.58%, operating margin of 5.28%, and the pretax margin is 8.8%.
Cummins Inc (CMI) Insider Updates
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Cummins Inc is 1.62%, while institutional ownership is 85.46%. 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
According to the Wall Street analysts, stocks earnings will be around 1.19% 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
Check out the current performance indicators for Cummins Inc (CMI). In the past quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42. Likewise, its price to free cash flow for the trailing twelve months is 40.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 13.80, a number that is poised to hit 4.71 in the next quarter and is forecasted to reach 21.85 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 0.72 million. That was inferior than the volume of 1.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.23%. Additionally, its Average True Range was 7.34.
During the past 100 days, Cummins Inc’s (CMI) raw stochastic average was set at 97.66%, which indicates a significant increase from 93.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.44% in the past 14 days, which was higher than the 27.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $320.07, while its 200-day Moving Average is $290.05. However, in the short run, Cummins Inc’s stock first resistance to watch stands at $365.54. Second resistance stands at $376.62. The third major resistance level sits at $396.55. If the price goes on to break the first support level at $334.52, it is likely to go to the next support level at $314.59. Assuming the price breaks the second support level, the third support level stands at $303.51.
Cummins Inc (NYSE: CMI) Key Stats
There are currently 137,048K shares outstanding in the company with a market cap of 48.58 billion. Presently, the company’s annual sales total 34,065 M according to its annual income of 735,000 K. Last quarter, the company’s sales amounted to 8,796 M and its income totaled 726,000 K.
