Cornerstone Building Brands Inc. (NYSE:CNR) saw an upside of 2.31% to $14.16 after adding $0.32 on Wednesday. The 5-day average trading volume is 659,603 shares of the company’s common stock. It has gained $14.52 in the past week. An average of 559,436 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 668,554.
CNR’s 1-month performance is -14.57% or -$2.09 on its low of $13.51 reached on 10/13/21. The company’s shares have touched a 52-week low of $7.25 and high of $19.73, with the stock’s rally to the 52-week high happening on 06/08/21. YTD, CNR has achieved 49.14% or $4.83. However, the current price is down -28.23%% from the 52-week high price.
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On Apr 05, 191 days have gone by since the last insider trading activity for Cornerstone Building Brands Inc. (CNR). AFFELDT KATHLEEN J (Director) most recently sold 19,500 shares at $14.74 per share on Apr 05. This transaction cost the insider $287,348. Director, AFFELDT KATHLEEN J, sold 1,500 shares at a price of $14.58 on Apr 01. Then, on Mar 08, GGC Opportunity Fund Managemen sold 5,500,000 shares at a price of $13.22 per share. This transaction amounted to $72,720,000.
The company’s PE ratio for the last five years has touched a high of 58.65 and a low of 6.340. CNR stock has a beta of 2.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.36 while the price-to-book (PB) in the most recent quarter is 3.63, with the price to cash flow ratio at 12.23.
Cornerstone Building Brands Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 2.20 meaning that CNR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 6.64, while the total debt to equity was 6.69. In terms of profitability, the gross margin trailing 12 months is 22.30%. The trailing 12-month EBITDA margin is 12.72% while for the period ending June 29; Cornerstone Building Brands Inc.’s operating margin was 5.60%. The firm’s gross profit as reported stood at $1.05 billion against revenue of $4.62 billion.
For the quarterly period ending June 29 this year, Cornerstone Building Brands Inc.’s cash and short-term investments amounted to $2.7 million against total debt of $3.57 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CNR to announce $0.31 per share in earnings in its latest quarter, but it posted $0.67, representing a 116.10% surprise. EBITDA for the quarter stood at more than $170.1 million. CNR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.77 billion, with total debt at $3.57 billion. Shareholders hold equity totaling $126.05 million
Let’s look briefly at Cornerstone Building Brands Inc. (CNR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 40.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.63%.
The stock’s 5-day moving average is $13.98, reflecting a -1.26% or -$0.18 change from its current price. CNR is currently trading -10.87% above its 20-day SMA, -17.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.56% and +48.68% respectively.
Stochastic %K and %D was 16.86% and 13.88% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 39.97%, while the 14-day stochastic is at 24.35% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.53 on the 14-day charts.
In the most recent analyst report for Cornerstone Building Brands Inc. (NYSE: CNR), DA Davidson upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CNR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CNR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is CNR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $25.00, with their median price target at $23.00. Looking at these predictions, the average price target given by analysts is for Cornerstone Building Brands Inc. (CNR) stock is $21.75.