CME Group Inc. (NASDAQ:CME) saw a downside of -1.54% to close Tuesday at $199.49 after subtracting -$3.11 on the day. The 5-day average trading volume is 1,388,600 shares of the company’s common stock. It has gained $206.76 in the past week and touched a new high 2 times within the past 5 days. An average of 1,495,920 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,521,422.
CME’s 1-month performance is 4.42% or $10.23 on its low of $188.36 reached on 07/24/23. The company’s shares have touched a 52-week low of $162.26 and high of $209.31, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, CME has achieved 18.63% or $31.33 and has reached a new high 20 times. However, the current price is down -4.69% from the 52-week high price.
Insider Transactions
CME stock investors last saw insider trading activity on Aug 18.DUFFY TERRENCE A (Chairman and CEO) most recently sold 30,000 shares at $203.95 per share on Aug 18. This transaction cost the insider $6,118,500. Sr MD Chief Operating Officer, Holzrichter Julie, sold 6,000 shares at a price of $205.47 on Aug 15. Then, on Aug 11, Director Bitsberger Timothy S. sold 800 shares at a price of $205.92 per share. This transaction amounted to $164,739.
Valuation Metrics
CME stock has a beta of 0.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.19 while the price-to-book (PB) in the most recent quarter is 2.57, with the price to cash flow ratio at 23.12.
CME Group Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.13. The firm’s gross profit as reported stood at $2.0 billion against revenue of $5.02 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 14.81% to $767.8 million, while revenue of $872.7 million was -13.66% off the previous quarter. Analysts expected CME to announce $2.2 per share in earnings in its latest quarter, but it posted $2.3, representing a 4.50% surprise. EBITDA for the quarter stood at more than $927.9 million. CME stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 123.48 billion, with total debt at $3.91 billion. Shareholders hold equity totaling $359.75 million.
Let’s look briefly at CME Group Inc. (CME) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 40.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 9.96%.
The stock’s 5-day moving average is $203.17, reflecting a -2.77% or -$5.68 change from its current price. CME is currently trading +4.32% above its 20-day SMA, +6.65% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.93% and SMA200 by+15.39%.
Stochastic %K and %D was 34.81% and 47.07% and the average true range (ATR) pointed at 3.00. The RSI (14) points at 50.39%, while the 14-day stochastic is at 13.14% with the period’s ATR at 3.03. The stock’s 9-day MACD Oscillator is pointing at -2.29 and -2.77 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CME Group Inc. (NASDAQ: CME), Barclays launched coverage with an Overweight rating. Analysts offering their rating for CME stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate CME as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is CME’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $155.00 and a high of $250.00, with their median price target at $215.00. Looking at these predictions, the average price target given by analysts is for CME Group Inc. (CME) stock is $208.13.
