Commercial Metals Co (NYSE: CMC) is -4.82% lower on its value in year-to-date trading and has touched a low of $43.81 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 $45.22 in the last trading session, with the day’s gains setting it 1.99%.
Currently trading at $47.21, the stock is -5.13% and -4.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 4.40% at the moment leaves the stock -12.36% off its SMA200. CMC registered -11.92% loss for a year compared to 6-month loss of -11.91%.
The stock witnessed a -0.90% gain in the last 1 month and extending the period to 3 months gives it a -23.47%, and is -5.41% 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 4.77% over the week and 3.53% over the month.
Commercial Metals Co (CMC) has around 13178 employees, a market worth around $5.37B and $7.83B in sales. Current P/E ratio is 42.53 and Fwd P/E is 10.61. Profit margin for the company is 1.70%. Distance from 52-week low is 7.76% and -26.84% from its 52-week high. The company has generated returns on investments over the last 12 months (2.59%).
with sales reaching $1.75B over the same period.The EPS is expected to shrink by -23.64% this year, but quarterly earnings will post -2.20% year-over-year. Quarterly sales are estimated to shrink -5.32% in year-over-year returns.
The shares outstanding are 113.92M, and float is at 112.70M with Short Float at 3.70%.
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
A total of 0 insider transactions have happened at Commercial Metals Co (CMC) in the last six months, with sales accounting for 0 and purchases happening 0 times.
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).
Commercial Metals Co (CMC): Who are the competitors?
One of the company’s main competitors (and peers) include United States Steel Corp. (X) that is trading -20.66% down over the past 12 months.Ampco-Pittsburgh Corp. (AP) lies in the list of competitors of the Commercial Metals Co and is -21.60% lower over the same period from CMCNucor Corp. (NUE) is -28.25% down on the 1-year trading charts.
