As of Friday close, Core & Main Inc.’s (NYSE:CNM) stock was up $0.47, moving up 1.68 percent to $28.43. The average number of shares traded per day over the past five days has been 2,981,580 shares. 3 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 2,053,110, while in the previous 50 days, it was 1,269,148.
Since last month, CNM stock retreated -9.31%. Shares of the company fell to $27.75 on 09/21/23, the lowest level in the past month. A 52-week high of $33.32 was reached on 08/30/23 after having rallying from a 52-week low of $18.75. Since the beginning of this year, CNM’s stock price has risen by 47.23% or $9.12, and marked a new high 39 times. However, the stock has declined by -14.68% since its 52-week high.
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CNM stock investors should be aware that Core & Main Inc. (CNM) stock had its last reported insider trading activity 4 days ago on Sep 19. CD&R Investment Associates X, the 10% Owner of the company, disposed of 21,125,728 shares for $29.01 on Sep 19. It resulted in a $612,962,998 divestment by the insider. Schaller John R sold 25,000 shares at an average price of $31.96 on Jul 13. The insider now owns 0 shares following the transaction. On Jun 27, Chief Human Resources Officer Schneider Laura K sold 49,904 shares at $30.03 apiece. The transaction was valued at $1,498,388.
Valuation Metrics
Right now, Core & Main Inc. (CNM) has a P/E ratio of about 13.47. The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 2.81, and the price-to-cash flow ratio of 8.01 may also be considered.
Financial Health
In the three months ended July 30, Core & Main Inc.’s quick ratio stood at 1.50, while its current ratio was 2.60, 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 July 30 was 0.92, and the total debt-to-equity ratio was 0.93. On the profitability front, the trailing twelve-month gross margin is 27.40% percent. In the year ended July 30, operating margins totaled 11.50%. Based on annual data, CNM earned $1.79 billion in gross profit and brought in $6.65 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 20.20%. Return on equity (ROE) for the past 12 months was 21.30%.
In Core & Main Inc.’s quarter-end financial report for July 30, it reported total debt of $1.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CNM’s revenue fell 0.0% to $1.57 billion during the quarter, while net income inched up to $1.86 billion. While analysts expected Core & Main Inc. to report $0.68 quarterly earnings, the actual figure was $0.75 per share, beating the consensus estimate by 10.30%. During the quarter, the company generated $264.0 million in EBITDA. The liabilities of Core & Main Inc. were 2.83 billion at the end of its most recent quarter ended July 30, and its total debt was $1.75 billion. The value of shareholders’ equity is $226.22 million.
Technical Picture
This quick technical analysis looks at Core & Main Inc.’s (CNM) price momentum. With a historical volatility rate of 27.35%, the RSI 9-day stood at 34.72% on 22 September.
With respect to its five-day moving average, the current Core & Main Inc. price is up by +0.74% percent or $0.21. At present, CNM shares trade -8.73% below its 20-day simple moving average and +8.35% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.03% below its SMA50 and +41.37% above its SMA200.
Stochastic coefficient K was 7.25% and Stochastic coefficient D was 6.95%, while ATR was 0.82. Given the Stochastic reading of 13.03% for the 14-day period, the RSI (14) reading has been calculated as 35.96%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -1.06.
Analyst Ratings
Northcoast launched its rating on Core & Main Inc. (NYSE: CNM) to a Buy in a note to investors on June 13, 2023. Core & Main Inc. (CNM) has been rated Overweight by analysts. According to 0 brokerage firms, CNM is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Core & Main Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $36.00, the current consensus forecast for the stock is $25.00 – $57.00. Based on these forecasts, analysts predict Core & Main Inc. (CNM) will achieve an average price target of $36.92.
