With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.04 million shares. The 52-week range on CMC shows that it touched its highest point at $64.53 and its lowest point at $45.50 during that stretch. It currently has a 1-year price target of $59.75. With its current market cap of 5.67 billion, CMC has annualized dividend of $0.72 while the current yield stands at 1.44%. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CMC was down-trending over the past week, with a drop of -3.39%, but this was up by 0.65% over a month. Three-month performance dropped to -17.42% while six-month performance fell -7.97%. The stock lost -8.74% in the past year, while it has gained 0.63% so far this year. A look at the trailing 12-month EPS for CMC yields 1.11 with Next year EPS estimates of 4.36. For the next quarter, that number is 0.38. This implies an EPS growth rate of -23.23% for this year and 37.28% for next year. EPS is expected to grow by 1.18% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.04%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMC since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.50306 being high and $4.11369 being low. For CMC, this leads to a yearly average estimate of $4.30786.
