Commercial Metals Co (NYSE: CMC) is 25.52% higher on its value in year-to-date trading and has touched a low of $43.52 and a high of $61.26 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 $55.23 in the last trading session, with the day’s gains setting it 7.58%.
Currently trading at $62.81, the stock is 15.55% and 18.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 13.72% at the moment leaves the stock 15.48% off its SMA200. CMC registered 37.26% gain for a year compared to 6-month loss of 11.72%. The firm has a 50-day simple moving average (SMA 50) of $52.9728 and a 200-day simple moving average (SMA200) of $54.33095.
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The stock witnessed a 19.41% gain in the last 1 month and extending the period to 3 months gives it a 18.24%, and is 15.48% 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 3.72% over the week and 3.23% over the month.
Commercial Metals Co (CMC) has around 13178 employees, a market worth around $7.15B and $7.93B in sales. Current P/E ratio is 15.17 and Fwd P/E is 12.79. Profit margin for the company is 6.13%. Distance from 52-week low is 44.32% and 2.53% from its 52-week high. The company has generated returns on investments over the last 12 months (8.68%).
The EPS is expected to shrink by -4.63% this year
600.0 institutions hold shares in Commercial Metals Co (CMC), with institutional investors hold 92.54% of the company’s shares. The shares outstanding are 114.10M, and float is at 112.61M with Short Float at 2.70%. Institutions hold 91.76% 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
Still, SEC filings show that on Mar 27 ’24, Smith Barbara (Executive Chairman) disposed off 35,704 shares at an average price of $57.88 for $2.07 million. The insider now directly holds 36,196 shares of Commercial Metals Co (CMC).
