Commercial Metals Co. (CMC) concluded trading on Thursday at a closing price of $59.00, with 2.77 million shares of worth about $163.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.16% during that period and on March 21, 2024 the price saw a gain of about 5.34%. Currently the company’s common shares owned by public are about 116.52M shares, out of which, 115.31M shares are available for trading.
Stock saw a price change of 10.92% in past 5 days and over the past one month there was a price change of 9.95%. Year-to-date (YTD), CMC shares are showing a performance of 17.91% which increased to 28.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.85 but also hit the highest price of $58.06 during that period. The average intraday trading volume for Commercial Metals Co. shares is 992.63K. The stock is currently trading 9.70% above its 20-day simple moving average (SMA20), while that difference is up 12.01% for SMA50 and it goes to 16.78% higher than SMA200.
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Commercial Metals Co. (NYSE: CMC) currently have 116.52M outstanding shares and institutions hold larger chunk of about 87.63% of that.
The stock has a current market capitalization of $6.87B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 10.25, while it has posted earnings per share of $5.75 in the same period. It has Quick Ratio of 2.69 while making debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CMC, volatility over the week remained 3.16% while standing at 2.47% over the month.
Stock’s fiscal year EPS is expected to drop by -31.44% while it is estimated to decrease by -8.16% in next year.
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 UBS on January 16, 2024 offering a Buy rating for the stock and assigned a target price of $65 to it. Coverage by UBS stated Commercial Metals Co. (CMC) stock as a Buy in their note to investors on July 11, 2023, suggesting a price target of $63 for the stock. Stock get a Neutral rating from BofA Securities on January 04, 2023.
