As of Friday close, Commercial Metals Company’s (NYSE:CMC) stock was up $0.69, moving up 1.25 percent to $55.99. The average number of shares traded per day over the past five days has been 643,780 shares. 3 times new highs have been achieved over the past 5 days, with a $0.94 gain in that time frame. In the last twenty days, the average volume was 588,990, while in the previous 50 days, it was 838,896.
Since last month, CMC stock rose 0.68%. Shares of the company fell to $54.38 on 08/10/23, the lowest level in the past month. A 52-week high of $58.09 was reached on 02/03/23 after having rallying from a 52-week low of $35.22. Since the beginning of this year, CMC’s stock price has risen by 15.92% or $7.69, and marked a new high 10 times. However, the stock has declined by -3.62% since its 52-week high.
CMC stock investors should be aware that Commercial Metals Company (CMC) stock had its last reported insider trading activity 25 days ago on Jul 25. Smith Barbara, the Chairman & CEO of the company, disposed of 48,300 shares for $56.51 on Jul 25. It resulted in a $2,729,433 divestment by the insider. Smith Barbara sold 1,700 shares at an average price of $56.45 on Jul 18. The insider now owns 332,085 shares following the transaction. On Jul 14, VP & Chief Accounting Officer SLOAN LINDSAY L sold 100 shares at $55.17 apiece. The transaction was valued at $5,517.
Valuation Metrics
Right now, Commercial Metals Company (CMC) has a P/E ratio of about 6.93. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 1.63, and the price-to-cash flow ratio of 8.18 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16. On Tuesday October 11 2022, a $0.02 dividend increase was announced.
Financial Health
In the three months ended May 30, Commercial Metals Company’s quick ratio stood at 2.30, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 0.27, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 21.20% percent. In the year ended May 30, EBITDA margin amounted to 16.85%, whereas operating margins totaled 14.10%. Based on annual data, CMC earned $1.86 billion in gross profit and brought in $8.91 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.70%. Return on equity (ROE) for the past 12 months was 26.30%.
In Commercial Metals Company’s quarter-end financial report for May 30, it reported total debt of $1.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CMC’s revenue rose 15.64% to $2.52 billion during the quarter, while net income inched up to $2.41 billion. While analysts expected Commercial Metals Company to report $1.76 quarterly earnings, the actual figure was $2.02 per share, beating the consensus estimate by 14.80%. During the quarter, the company generated $374.87 million in EBITDA. The liabilities of Commercial Metals Company were 2.5 billion at the end of its most recent quarter ended May 30, and its total debt was $1.33 billion. The value of shareholders’ equity is $116.79 million.
Technical Picture
This quick technical analysis looks at Commercial Metals Company’s (CMC) price momentum. With a historical volatility rate of 19.04%, the RSI 9-day stood at 53.05% on 18 August.
With respect to its five-day moving average, the current Commercial Metals Company price is up by +1.71% percent or $0.94. At present, CMC shares trade +1.93% above its 20-day simple moving average and +19.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.00% above its SMA50 and +23.05% above its SMA200.
Stochastic coefficient K was 36.73% and Stochastic coefficient D was 33.05%, while ATR was 1.44. Given the Stochastic reading of 45.61% for the 14-day period, the RSI (14) reading has been calculated as 54.58%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at -0.31.
Analyst Ratings
UBS launched its rating on Commercial Metals Company (NYSE: CMC) to a Buy in a note to investors on July 11, 2023. Commercial Metals Company (CMC) has been rated Overweight by analysts. According to 0 brokerage firms, CMC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Commercial Metals Company stock as buy, with 4 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $56.00 – $74.00. Based on these forecasts, analysts predict Commercial Metals Company (CMC) will achieve an average price target of $61.57.
