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Core & Main Inc (NYSE: CNM) closed the day trading at $49.57 down -2.25% from the previous closing price of $50.71. In other words, the price has decreased by -$2.25 from its previous closing price. On the day, 3.26 million shares were traded. CNM stock price reached its highest trading level at $50.63 during the session, while it also had its lowest trading level at $49.35.
Ratios:
For a better understanding of CNM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 318.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.65. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 2.14. In the meantime, Its Debt-to-Equity ratio is 1.68 whereas as Long-Term Debt/Eq ratio is at 1.62.
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:
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 Jul 16 ’24 when Gipson Dennis G sold 25,000 shares for $53.08 per share. The transaction valued at 1,327,058 led to the insider holds 0 shares of the business.
Castellano James G sold 12,500 shares of CNM for $652,786 on Jul 15 ’24. The Director now owns 0 shares after completing the transaction at $52.22 per share. On Jul 11 ’24, another insider, Castellano James G, who serves as the Director of the company, sold 12,300 shares for $50.70 each. As a result, the insider received 623,569 and left with 0 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 10215980032 and an Enterprise Value of 12236978176. As of this moment, Core’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.27, and their Forward P/E ratio for the next fiscal year is 18.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 6.08. Its current Enterprise Value per Revenue stands at 1.781 whereas that against EBITDA is 13.673.
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 $27.75. The 50-Day Moving Average of the stock is -2.05%, while the 200-Day Moving Average is calculated to be 2.73%.
Shares Statistics:
Over the past 3-months, CNM traded about 2.26M shares per day on average, while over the past 10 days, CNM traded about 1557960 shares per day. A total of 192.92M shares are outstanding, with a floating share count of 192.22M. Insiders hold about 0.36% of the company’s shares, while institutions hold 111.02% stake in the company. Shares short for CNM as of 1723680000 were 8945468 with a Short Ratio of 3.96, compared to 1721001600 on 7536742. Therefore, it implies a Short% of Shares Outstanding of 8945468 and a Short% of Float of 8.55.
