Commercial Metals Co (NYSE: CMC) is -1.43% lower on its value in year-to-date trading and has touched a low of $47.42 and a high of $64.53 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 $49.15 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $48.89, the stock is -9.82% and -14.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing -0.53% at the moment leaves the stock -11.51% off its SMA200. CMC registered -0.08% loss for a year compared to 6-month gain of -7.12%. The firm has a 50-day simple moving average (SMA 50) of $56.9302 and a 200-day simple moving average (SMA200) of $55.24635.
The stock witnessed a -22.59% loss in the last 1 month and extending the period to 3 months gives it a -7.14%, and is -4.27% 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 2.45% over the week and 3.01% over the month.
Commercial Metals Co (CMC) has around 13178 employees, a market worth around $5.55B and $7.93B in sales. Current P/E ratio is 11.81 and Fwd P/E is 10.48. Profit margin for the company is 6.13%. Distance from 52-week low is 3.10% and -24.24% 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 -12.02% this year.
Commercial Metals Co (CMC) Top Institutional Holders
591.0 institutions hold shares in Commercial Metals Co (CMC), with institutional investors hold 90.77% of the company’s shares. The shares outstanding are 114.10M, and float is at 112.72M with Short Float at 3.28%. Institutions hold 89.99% 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
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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).
