Core & Main Inc (CNM) concluded trading on Wednesday at a closing price of $39.40, with 12.62 million shares of worth about $497.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.80% during that period and on September 04, 2024 the price saw a loss of about -15.81%. Currently the company’s common shares owned by public are about 192.92M shares, out of which, 192.22M shares are available for trading.
Stock saw a price change of -22.30% in past 5 days and over the past one month there was a price change of -17.64%. Year-to-date (YTD), CNM shares are showing a performance of -2.50% which increased to 19.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.75 but also hit the highest price of $62.15 during that period. The average intraday trading volume for Core & Main Inc shares is 2.37 million. The stock is currently trading -21.10% below its 20-day simple moving average (SMA20), while that difference is down -21.77% for SMA50 and it goes to -18.88% lower than SMA200.
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Core & Main Inc (NYSE: CNM) currently have 192.92M outstanding shares and institutions hold larger chunk of about 110.93% of that.
The stock has a current market capitalization of $7.60B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 18.49, while it has posted earnings per share of $2.13 in the same period. Its PEG reads 1.62 and has Quick Ratio of 1.23 while making debt-to-equity ratio of 1.68. 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 3.94% while standing at 3.41% over the month.
Stock’s fiscal year EPS is expected to rise by 3.31% while it is estimated to increase by 12.96% in next year. EPS is likely to shrink at an annualized rate of 11.40% for next 5-years, compared to annual growth of 56.51% 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 April 05, 2024 offering a Neutral rating for the stock and assigned a target price range of between $63 and $64 to it. Coverage by Citigroup stated Core & Main Inc (CNM) stock as a Buy in their note to investors on January 08, 2024, suggesting a price target of $48 for the stock. On October 12, 2023, Wolfe Research Upgrade their recommendations, while on June 13, 2023, Northcoast Initiated their ratings for the stock with a price target of $40. Stock get a Buy rating from Loop Capital on February 14, 2023.
