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The price of Core & Main Inc (NYSE: CNM) closed at $56.09 in the last session, down -2.55% from day before closing price of $57.56. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 3.14 million shares were traded. CNM stock price reached its highest trading level at $58.29 during the session, while it also had its lowest trading level at $55.96.
Ratios:
We take a closer look at CNM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10777.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.46. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 08 ’24 when Witkowski Mark R sold 50,000 shares for $59.50 per share. The transaction valued at 2,975,005 led to the insider holds 23,898 shares of the business.
Stephens John Weldon sold 9,497 shares of CNM for $524,128 on Apr 23 ’24. The Chief Accounting Officer now owns 4,281 shares after completing the transaction at $55.19 per share. On Apr 19 ’24, another insider, Whittenburg Mark G, who serves as the General Counsel and Secretary of the company, sold 50,000 shares for $54.08 each. As a result, the insider received 2,704,170 and left with 12,933 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 11294900224 and an Enterprise Value of 12920788992. As of this moment, Core’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.29, and their Forward P/E ratio for the next fiscal year is 20.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 7.41. Its current Enterprise Value per Revenue stands at 1.928 whereas that against EBITDA is 14.372.
Stock Price History:
Over the past 52 weeks, CNM has reached a high of $62.15, while it has fallen to a 52-week low of $26.08. The 50-Day Moving Average of the stock is -3.18%, while the 200-Day Moving Average is calculated to be 32.85%.
Shares Statistics:
According to the various share statistics, CNM traded on average about 2.03M shares per day over the past 3-months and 1770270 shares per day over the past 10 days. A total of 191.66M shares are outstanding, with a floating share count of 191.49M. Insiders hold about 0.35% of the company’s shares, while institutions hold 104.79% stake in the company. Shares short for CNM as of 1715731200 were 6770311 with a Short Ratio of 3.34, compared to 1713139200 on 7620433. Therefore, it implies a Short% of Shares Outstanding of 6770311 and a Short% of Float of 6.52.
