Commercial Metals Co (NYSE: CMC) is -10.30% lower on its value in year-to-date trading and has touched a low of $42.62 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 $44.39 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $44.49, the stock is -7.84% and -9.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 0.23% at the moment leaves the stock -16.86% off its SMA200. CMC registered -15.22% loss for a year compared to 6-month gain of -9.46%. The firm has a 50-day simple moving average (SMA 50) of $49.0188 and a 200-day simple moving average (SMA200) of $53.5113.
The stock witnessed a -10.72% loss in the last 1 month and extending the period to 3 months gives it a -28.54%, and is -4.22% 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 4.37% over the week and 3.81% over the month.
Commercial Metals Co (CMC) has around 13178 employees, a market worth around $5.06B and $7.83B in sales. Current P/E ratio is 40.08 and Fwd P/E is 9.93. Profit margin for the company is 1.70%. Distance from 52-week low is 4.39% and -31.06% from its 52-week high. The company has generated returns on investments over the last 12 months (2.59%).
The EPS is expected to shrink by -24.03% this year
602.0 institutions hold shares in Commercial Metals Co (CMC), with institutional investors hold 93.63% of the company’s shares. The shares outstanding are 113.92M, and float is at 112.70M with Short Float at 3.31%. Institutions hold 92.82% 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).
