Cummins Inc. (NYSE: CMI) is 14.41% higher on its value in year-to-date trading and has touched a low of $212.80 and a high of $304.24 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 CMI stock was last observed hovering at around $268.68 in the last trading session, with the day’s gains setting it 5.41%.
Currently trading at $274.09, the stock is 0.11% and -2.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing 2.01% at the moment leaves the stock 6.91% off its SMA200. CMI registered 8.33% gain for a year compared to 6-month gain of 13.65%.
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The stock witnessed a 0.82% loss in the last 1 month and extending the period to 3 months gives it a -9.25%, and is 2.44% up 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 1.81% over the week and 2.06% over the month.
Cummins Inc. (CMI) has around 75500 employees, a market worth around $37.49B and $34.01B in sales. Current P/E ratio is 20.17 and Fwd P/E is 12.74. Profit margin for the company is 5.70%. Distance from 52-week low is 28.80% and -9.91% from its 52-week high. The company has generated returns on investments over the last 12 months (12.78%).
The EPS is expected to shrink by -4.94% this year
The shares outstanding are 141.80M, and float is at 134.38M with Short Float at 1.82%.
Cummins Inc. (CMI) Insider Activity
The most recent transaction is an insider purchase by Wiltrout Jeffrey T, the company’s VP – Corporate Strategy. SEC filings show that Wiltrout Jeffrey T bought 282 shares of the company’s common stock on May 24 ’24 at a price of $285.11 per share for a total of $80401.0. Following the purchase, the insider now owns 1262.0 shares.
Cummins Inc. disclosed in a document filed with the SEC on May 20 ’24 that Boakye Marvin (VP – Chief Human Resources Off) bought a total of 1,745 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $286.04 per share for $0.5 million. Following the transaction, the insider now directly holds 1745.0 shares of the CMI stock.
Still, SEC filings show that on May 10 ’24, Barner Sharon R (VP – Chief Administrative Off.) disposed off 2,390 shares at an average price of $296.28 for $0.71 million. The insider now directly holds 20,873 shares of Cummins Inc. (CMI).
