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In the latest session, Commercial Metals Co. (NYSE: CMC) closed at $53.70 down -1.38% from its previous closing price of $54.45. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 0.69 million shares were traded. CMC stock price reached its highest trading level at $55.0 during the session, while it also had its lowest trading level at $53.43.
Ratios:
For a deeper understanding of Commercial Metals Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.46. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 4.19. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 16, 2024, initiated with a Buy rating and assigned the stock a target price of $65.
On July 11, 2023, UBS started tracking the stock assigning a Buy rating and target price of $63.
BofA Securities Upgraded its Neutral to Buy on April 05, 2023, whereas the target price for the stock was revised from $56 to $60.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 27 ’24 when Smith Barbara sold 35,704 shares for $57.88 per share. The transaction valued at 2,066,548 led to the insider holds 36,196 shares of the business.
Smith Barbara sold 23,619 shares of CMC for $1,219,921 on Feb 07 ’24. The Executive Chairman now owns 72,400 shares after completing the transaction at $51.65 per share. On Feb 02 ’24, another insider, Smith Barbara, who serves as the Executive Chairman of the company, sold 60,166 shares for $51.28 each. As a result, the insider received 3,085,312 and left with 96,019 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 6300298752 and an Enterprise Value of 6737319424. As of this moment, Commercial’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.33, and their Forward P/E ratio for the next fiscal year is 11.04. 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 1.48. Its current Enterprise Value per Revenue stands at 0.802 whereas that against EBITDA is 5.659.
Stock Price History:
Over the past 52 weeks, CMC has reached a high of $59.81, while it has fallen to a 52-week low of $39.85. The 50-Day Moving Average of the stock is -2.94%, while the 200-Day Moving Average is calculated to be 4.51%.
Shares Statistics:
For the past three months, CMC has traded an average of 921.01K shares per day and 681410 over the past ten days. A total of 116.52M shares are outstanding, with a floating share count of 114.60M. Insiders hold about 0.96% of the company’s shares, while institutions hold 88.06% stake in the company. Shares short for CMC as of 1711584000 were 2415867 with a Short Ratio of 2.62, compared to 1709164800 on 2968003. Therefore, it implies a Short% of Shares Outstanding of 2415867 and a Short% of Float of 2.7999999.
Dividends & Splits
According to the company, the forward annual dividend rate for CMC is 0.66, from 0.64 in the trailing year. Against a Trailing Annual Dividend Yield of 0.011753902The stock’s 5-year Average Dividend Yield is 1.83.
