Commercial Metals Co (NYSE: CMC) kicked off on Tuesday, down -3.77% from the previous trading day, before settling in for the closing price of $56.28. Over the past 52 weeks, CMC has traded in a range of $47.42-$64.53.
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Annual sales at Basic Materials sector company grew by 7.62% over the past five years. While this was happening, its average annual earnings per share was recorded -7.54%. With a float of $112.72 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Steel Industry. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.72 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.54% 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
Take a look at Commercial Metals Co’s (CMC) current performance indicators. Last quarter, stock had a quick ratio of 2.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78. Likewise, its price to free cash flow for the trailing twelve months is 10.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.14, a number that is poised to hit 0.80 in the next quarter and is forecasted to reach 4.79 in one year’s time.
Technical Analysis of Commercial Metals Co (CMC)
Commercial Metals Co (NYSE: CMC) saw its 5-day average volume 1.13 million, a positive change from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 3.19%. Additionally, its Average True Range was 1.72.
During the past 100 days, Commercial Metals Co’s (CMC) raw stochastic average was set at 39.39%, which indicates a significant increase from 1.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.15% in the past 14 days, which was lower than the 36.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $57.81, while its 200-day Moving Average is $55.43. Nevertheless, the first resistance level for the watch stands at $55.60 in the near term. At $57.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $57.83. If the price goes on to break the first support level at $53.37, it is likely to go to the next support level at $52.59. The third support level lies at $51.14 if the price breaches the second support level.
Commercial Metals Co (NYSE: CMC) Key Stats
The company with the Market Capitalisation of 6.18 billion has total of 114,024K Shares Outstanding. Its annual sales at the moment are 7,926 M in contrast with the sum of 485,490 K annual income. Company’s last quarter sales were recorded 1,996 M and last quarter income was 103,930 K.
