Commercial Metals Co. (NYSE: CMC) is -0.78% lower on its value in year-to-date trading and has touched a low of $39.85 and a high of $61.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMC stock was last observed hovering at around $48.67 in the last trading session, with the day’s gains setting it 0.98%.
Currently trading at $49.65, the stock is -5.13% and -8.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 2.01% at the moment leaves the stock -6.83% off its SMA200. CMC registered -5.46% loss for a year compared to 6-month gain of -5.84%.
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The stock witnessed a -7.30% loss in the last 1 month and extending the period to 3 months gives it a -3.20%, and is -0.78% 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 2.46% over the week and 2.46% over the month.
Commercial Metals Co. (CMC) has around 13022 employees, a market worth around $5.71B and $8.14B in sales. Current P/E ratio is 10.34 and Fwd P/E is 10.50. Profit margin for the company is 6.95%. Distance from 52-week low is 24.59% and -18.95% from its 52-week high. The company has generated returns on investments over the last 12 months (10.48%).
The EPS is expected to shrink by -40.96% this year
594.0 institutions hold shares in Commercial Metals Co. (CMC), with institutional investors hold 91.50% of the company’s shares. The shares outstanding are 116.52M, and float is at 113.87M with Short Float at 2.61%. Institutions hold 90.84% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.68 million shares valued at $807.38 million. The investor’s holdings represent 12.7087 of the CMC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.48 million shares valued at $686.43 million to account for 10.8049 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.35 million shares representing 6.3608 and valued at over $404.09 million, while STATE STREET CORP holds 5.0253 of the shares totaling 5.81 million with a market value of $319.26 million.
Commercial Metals Co. (CMC) Insider Activity
The most recent transaction is an insider sale by Smith Barbara, the company’s Executive 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).
