Commercial Metals Co (NYSE: CMC) on Tuesday, plunged -0.34% from the previous trading day, before settling in for the closing price of $59.64. Within the past 52 weeks, CMC’s price has moved between $43.52 and $63.40.
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Annual sales at Basic Materials sector company grew by 7.62% over the past five years. The company achieved an average annual earnings per share of -4.63%. With a float of $112.61 million, this company’s outstanding shares have now reached $114.10 million.
Let’s look at the performance matrix of the company that is accounted for 13178 employees. In terms of profitability, gross margin is 17.36%, operating margin of 8.98%, and the pretax margin is 8.02%.
Commercial Metals Co (CMC) Insider Updates
Observing investor behavior towards Steel industry stocks is more important than anything else. The insider ownership of Commercial Metals Co is 1.14%, while institutional ownership is 89.22%. The most recent insider transaction that took place on Oct 29 ’24, was worth 3,046,668. Before that another transaction happened on Oct 21 ’24, when Company’s Former Officer proposed sale 71,777 for $55.38, making the entire transaction worth $3,975,358.
Commercial Metals Co (CMC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -4.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.35% during the next five years compared to 20.04% 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 2.78 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 0.85. Likewise, its price to free cash flow for the trailing twelve months is 11.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.14, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 4.85 in one year’s time.
Technical Analysis of Commercial Metals Co (CMC)
Commercial Metals Co (NYSE: CMC) saw its 5-day average volume 0.76 million, a negative change from its year-to-date volume of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 34.21%. Additionally, its Average True Range was 1.76.
During the past 100 days, Commercial Metals Co’s (CMC) raw stochastic average was set at 75.20%, which indicates a significant increase from 59.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.45% in the past 14 days, which was higher than the 36.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.88, while its 200-day Moving Average is $54.79. Nevertheless, the first resistance level for the watch stands at $59.78 in the near term. At $60.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $60.65. If the price goes on to break the first support level at $58.91, it is likely to go to the next support level at $58.37. Assuming the price breaks the second support level, the third support level stands at $58.04.
Commercial Metals Co (NYSE: CMC) Key Stats
Market capitalization of the company is 6.77 billion based on 113,910K outstanding shares. Right now, sales total 7,926 M and income totals 485,490 K. The company made 1,996 M in profit during its latest quarter, and 103,930 K in sales during its previous quarter.
