On Tuesday, Commercial Metals Co (NYSE: CMC) opened lower -0.25% from the last session, before settling in for the closing price of $63.32. Price fluctuations for CMC have ranged from $44.93 to $63.75 over the past 52 weeks.
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Basic Materials Sector giant saw their annual sales surged by 7.62% over the last five years. Company’s average yearly earnings per share was noted -4.76% at the time writing. With a float of $112.72 million, this company’s outstanding shares have now reached $114.10 million.
The firm has a total of 13178 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Steel industry is another important factor to consider. The insider ownership of Commercial Metals Co is 1.14%, while institutional ownership is 88.97%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 8/31/2024, the company posted 1.63 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.47) by 0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.28% 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
Check out the current performance indicators for Commercial Metals Co (CMC). In the past quarter, the stock posted a quick ratio of 2.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.91. Likewise, its price to free cash flow for the trailing twelve months is 12.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.14, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 4.88 in one year’s time.
Technical Analysis of Commercial Metals Co (CMC)
Analysing the last 5-days average volume posted by the [Commercial Metals Co, CMC], we can find that recorded value of 0.61 million was lower than the volume posted last year of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 77.85%. Additionally, its Average True Range was 1.65.
During the past 100 days, Commercial Metals Co’s (CMC) raw stochastic average was set at 91.99%, which indicates a significant increase from 76.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.24% in the past 14 days, which was lower than the 36.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.67, while its 200-day Moving Average is $55.15. Now, the first resistance to watch is $64.20. This is followed by the second major resistance level at $65.24. The third major resistance level sits at $65.95. If the price goes on to break the first support level at $62.45, it is likely to go to the next support level at $61.74. Should the price break the second support level, the third support level stands at $60.70.
Commercial Metals Co (NYSE: CMC) Key Stats
There are currently 114,024K shares outstanding in the company with a market cap of 7.20 billion. Presently, the company’s annual sales total 7,926 M according to its annual income of 485,490 K. Last quarter, the company’s sales amounted to 1,996 M and its income totaled 103,930 K.
