The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Commercial Metals Co (NYSE: CMC) closed the day trading at $48.99 down -1.84% from the previous closing price of $49.91. In other words, the price has decreased by -$1.84 from its previous closing price. On the day, 0.72 million shares were traded. CMC stock price reached its highest trading level at $50.3 during the session, while it also had its lowest trading level at $48.48.
Ratios:
For a better understanding of CMC, 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 6.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.94 and its Current Ratio is at 2.76. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.29.
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, UBS on January 10, 2025, Upgraded its rating to Neutral and sets its target price to $54 from $56 previously.
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 29 ’24 when Smith Barbara bought 55,975 shares for $54.43 per share.
Smith Barbara bought 71,777 shares of CMC for $3,975,358 on Oct 21 ’24. On Mar 27 ’24, another insider, Smith Barbara, who serves as the Executive Chairman of the company, sold 35,704 shares for $57.88 each. As a result, the insider received 2,066,548 and left with 36,196 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 5567321600 and an Enterprise Value of 6077770752. As of this moment, Commercial’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.13, and their Forward P/E ratio for the next fiscal year is 11.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 27.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.767 whereas that against EBITDA is 6.661.
Stock Price History:
The Beta on a monthly basis for CMC is 1.18, which has changed by -0.02252251 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, CMC has reached a high of $64.53, while it has fallen to a 52-week low of $45.50. The 50-Day Moving Average of the stock is -10.13%, while the 200-Day Moving Average is calculated to be -10.22%.
Shares Statistics:
Over the past 3-months, CMC traded about 991.28K shares per day on average, while over the past 10 days, CMC traded about 934260 shares per day. A total of 113.92M shares are outstanding, with a floating share count of 112.62M. Insiders hold about 0.90% of the company’s shares, while institutions hold 89.48% stake in the company. Shares short for CMC as of 1734048000 were 3697853 with a Short Ratio of 3.54, compared to 1731628800 on 3273799. Therefore, it implies a Short% of Shares Outstanding of 3697853 and a Short% of Float of 4.34.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.61. The current Payout Ratio is 16.41% for CMC, which recently paid a dividend on 2025-01-16 with an ex-dividend date of 1736985600. Stock splits for the company last occurred on 2006-05-23 when the company split stock in a 2:1 ratio.
