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Is Commercial Metals Co. (CMC) a good stock to buy now?

Commercial Metals Co. (NYSE: CMC) is 4.18% higher on its value in year-to-date trading and has touched a low of $39.85 and a high of $59.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMC stock was last observed hovering at around $52.38 in the last trading session, with the day’s loss setting it -0.25%.

Currently trading at $52.13, the stock is -6.57% and -6.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -0.48% at the moment leaves the stock 1.52% off its SMA200. CMC registered 10.94% gain for a year compared to 6-month gain of 13.10%.

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The stock witnessed a -9.42% loss in the last 1 month and extending the period to 3 months gives it a -0.67%, and is -5.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 1.91% over the month.

Commercial Metals Co. (CMC) has around 13022 employees, a market worth around $6.03B and $8.41B in sales. Current P/E ratio is 9.06 and Fwd P/E is 10.83. Profit margin for the company is 8.09%. Distance from 52-week low is 30.82% and -12.84% from its 52-week high. The company has generated returns on investments over the last 12 months (12.72%).

The EPS is expected to shrink by -36.22% this year.

Commercial Metals Co. (CMC) Top Institutional Holders

The shares outstanding are 116.52M, and float is at 114.60M with Short Float at 2.37%.

Commercial Metals Co. (CMC) Insider Activity

The most recent transaction is an insider sale by Smith Barbara,the company’sExecutive Chairman. SEC filings show that Smith Barbara sold 35,704 shares of the company’s common stock on Mar 27 ’24 at a price of $57.88 per share for a total of $2.07 million. Following the sale, the insider now owns 36196.0 shares.

Commercial Metals Co. disclosed in a document filed with the SEC on Feb 07 ’24 that Smith Barbara (Executive Chairman) sold a total of 23,619 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $51.65 per share for $1.22 million. Following the transaction, the insider now directly holds 72400.0 shares of the CMC stock.

Still, SEC filings show that on Feb 02 ’24, Smith Barbara (Executive Chairman) disposed off 60,166 shares at an average price of $51.28 for $3.09 million. The insider now directly holds 96,019 shares of Commercial Metals Co. (CMC).

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