Core & Main Inc (CNM) concluded trading on Thursday at a closing price of $42.98, with 3.32 million shares of worth about $142.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.31% during that period and on Thursday the price saw a gain of about 1.82%. Currently the company’s common shares owned by public are about 191.66M shares, out of which, 191.32M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 131 times over the past 12 months. They bought 22,987,403 shares in 54 of the transactions. In 77 selling transactions, insiders dumped 78,509,382 shares.
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However, the stock later moved at a day high price of 43.04, or with a gain of 1.82%. Stock saw a price change of 2.19% in past 5 days and over the past one month there was a price change of 6.28%. Year-to-date (YTD), CNM shares are showing a performance of 6.36% which increased to 89.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.30 but also hit the highest price of $42.43 during that period. The average intraday trading volume for Core & Main Inc shares is 3.63 million. The stock is currently trading 4.07% above its 20-day simple moving average (SMA20), while that difference is up 8.76% for SMA50 and it goes to 32.94% higher than SMA200.
Core & Main Inc (NYSE: CNM) currently have 191.66M outstanding shares and institutions hold larger chunk of about 68.09% of that.
The stock has a current market capitalization of $8.24B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 20.37, while it has posted earnings per share of $2.11 in the same period. Its PEG reads 1.77 and has Quick Ratio of 1.46 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNM, volatility over the week remained 1.82% while standing at 2.03% over the month.
Analysts are in expectations that Core & Main Inc (CNM) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is $0.53 and it is $2.5 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.33 which is $0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.55% while it is estimated to increase by 9.56% in next year. EPS is likely to shrink at an annualized rate of 11.53% for next 5-years, compared to annual growth of 74.76% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on January 08, 2024 offering a Buy rating for the stock and assigned a target price range of between $38 and $48 to it.
