Commercial Metals Co (NYSE: CMC) kicked off on Tuesday, up 0.41% from the previous trading day, before settling in for the closing price of $46.16. Over the past 52 weeks, CMC has traded in a range of $42.62-$64.53.
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A company in the Basic Materials sector has jumped its sales by 7.62% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -24.26%. With a float of $112.70 million, this company’s outstanding shares have now reached $113.92 million.
In an organization with 13178 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 16.41%, operating margin of 6.07%, and the pretax margin is 2.29%.
Commercial Metals Co (CMC) Insider Updates
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 0.83%, while institutional ownership is 91.83%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.93 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -24.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.23% 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 1.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.67. Likewise, its price to free cash flow for the trailing twelve months is 11.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.11, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 4.48 in one year’s time.
Technical Analysis of Commercial Metals Co (CMC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.19 million. That was better than the volume of 1.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.02%. Additionally, its Average True Range was 1.82.
During the past 100 days, Commercial Metals Co’s (CMC) raw stochastic average was set at 17.02%, which indicates a significant decrease from 48.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.35% in the past 14 days, which was higher than the 39.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $48.84, while its 200-day Moving Average is $53.38. However, in the short run, Commercial Metals Co’s stock first resistance to watch stands at $46.84. Second resistance stands at $47.34. The third major resistance level sits at $47.96. If the price goes on to break the first support level at $45.72, it is likely to go to the next support level at $45.10. Assuming the price breaks the second support level, the third support level stands at $44.60.
Commercial Metals Co (NYSE: CMC) Key Stats
The company with the Market Capitalisation of 5.27 billion has total of 113,642K 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 1,910 M and last quarter income was -175,720 K.
