Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Core & Main Inc (NYSE: CNM) closed at $54.77 down -1.24% from its previous closing price of $55.46. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 1.54 million shares were traded. CNM stock price reached its highest trading level at $55.94 during the session, while it also had its lowest trading level at $54.22.
Ratios:
For a deeper understanding of Core & Main Inc’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 10524.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 1.38.
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 the company, Citigroup on April 05, 2024, Downgraded its rating to Neutral and sets its target price to $64 from $63 previously.
On January 08, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $38 to $48.
Wolfe Research Upgraded its Peer Perform to Outperform on October 12, 2023, while the target price for the stock was maintained at $40.
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 Apr 08 ’24 when Witkowski Mark R sold 50,000 shares for $58.51 per share. The transaction valued at 2,925,730 led to the insider holds 23,898 shares of the business.
Whittenburg Mark G sold 50,000 shares of CNM for $2,895,605 on Mar 22 ’24. The General Counsel and Secretary now owns 12,933 shares after completing the transaction at $57.91 per share. On Mar 22 ’24, another insider, Stephens John Weldon, who serves as the Chief Accounting Officer of the company, sold 15,000 shares for $57.91 each. As a result, the insider received 868,706 and left with 4,281 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, CNM now has a Market Capitalization of 11029090304 and an Enterprise Value of 12667148288. As of this moment, Core’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.67, and their Forward P/E ratio for the next fiscal year is 19.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 7.23. Its current Enterprise Value per Revenue stands at 1.89 whereas that against EBITDA is 14.09.
Stock Price History:
The Beta on a monthly basis for CNM is 1.16, which has changed by 1.1529088 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, CNM has reached a high of $60.83, while it has fallen to a 52-week low of $24.46. The 50-Day Moving Average of the stock is 7.65%, while the 200-Day Moving Average is calculated to be 44.31%.
Shares Statistics:
For the past three months, CNM has traded an average of 2.82M shares per day and 1857910 over the past ten days. A total of 192.15M shares are outstanding, with a floating share count of 191.89M. Insiders hold about 0.14% of the company’s shares, while institutions hold 84.78% stake in the company. Shares short for CNM as of 1711584000 were 9728611 with a Short Ratio of 3.45, compared to 1709164800 on 8436421. Therefore, it implies a Short% of Shares Outstanding of 9728611 and a Short% of Float of 9.370000000000001.
