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After finishing at $53.47 in the prior trading day, Commercial Metals Co. (NYSE: CMC) closed at $51.26, down -4.13%. In other words, the price has decreased by -$4.13 from its previous closing price. On the day, 1.06 million shares were traded. CMC stock price reached its highest trading level at $53.75 during the session, while it also had its lowest trading level at $51.14.
Ratios:
Our goal is to gain a better understanding of CMC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.78 and its Current Ratio is at 3.94. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.30.
On September 03, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $65.
On January 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $65.UBS initiated its Buy rating on January 16, 2024, with a $65 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 21 ’24 when Smith Barbara bought 71,777 shares for $55.38 per share.
Smith Barbara sold 35,704 shares of CMC for $2,066,548 on Mar 27 ’24. The Executive Chairman now owns 36,196 shares after completing the transaction at $57.88 per share. On Feb 07 ’24, another insider, Smith Barbara, who serves as the Executive Chairman of the company, sold 23,619 shares for $51.65 each. As a result, the insider received 1,219,921 and left with 72,400 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMC now has a Market Capitalization of 6090764288 and an Enterprise Value of 6347736576. As of this moment, Commercial’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.38, and their Forward P/E ratio for the next fiscal year is 10.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 0.801 whereas that against EBITDA is 6.517.
Stock Price History:
Over the past 52 weeks, CMC has reached a high of $61.26, while it has fallen to a 52-week low of $39.85. The 50-Day Moving Average of the stock is -3.23%, while the 200-Day Moving Average is calculated to be -5.35%.
Shares Statistics:
The stock has traded on average 775.94K shares per day over the past 3-months and 995860 shares per day over the last 10 days, according to various share statistics. A total of 114.10M shares are outstanding, with a floating share count of 112.61M. Insiders hold about 1.14% of the company’s shares, while institutions hold 90.63% stake in the company. Shares short for CMC as of 1727654400 were 2869969 with a Short Ratio of 3.70, compared to 1724976000 on 2966779. Therefore, it implies a Short% of Shares Outstanding of 2869969 and a Short% of Float of 3.35.
Dividends & Splits
In the trailing 12 months, CMC’s forward annual dividend rate was 0.68, compared to 0.68 this year. Against a Trailing Annual Dividend Yield of 0.012717412The stock’s 5-year Average Dividend Yield is 1.66.
