With 1.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.1 million shares. The 52-week range on CMC shows that it touched its highest point at $64.53 and its lowest point at $43.81 during that stretch. It currently has a 1-year price target of $59.50. With its current market cap of 5.37 billion, CMC has annualized dividend of $0.72 while the current yield stands at 1.53%. Beta for the stock currently stands at 1.18.
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 -5.41%, but this was down by -0.90% over a month. Three-month performance dropped to -23.47% while six-month performance fell -11.91%. The stock lost -11.92% in the past year, while it has lost -4.82% so far this year. A look at the trailing 12-month EPS for CMC yields 1.11 with Next year EPS estimates of 4.45. For the next quarter, that number is 0.31. This implies an EPS growth rate of -23.64% for this year and 40.77% for next year. EPS is expected to grow by 1.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.04%.
Float and Shares Shorts:
At present, 113.92 million CMC shares are outstanding with a float of 112.70 million shares on hand for trading.
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 $4.49741 being high and $4.10842 being low. For CMC, this leads to a yearly average estimate of $4.30786. Based on analyst estimates, the high estimate for the next quarter is $1.16 and the low estimate is $0.5. The average estimate for the next quarter is thus $0.94.
Summary of Insider Activity:
Insiders traded CMC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
