With 4.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.23 million shares. The 52-week range on CNM shows that it touched its highest point at $60.38 and its lowest point at $37.22 during that stretch. It currently has a 1-year price target of $62.23. Beta for the stock currently stands at 1.03.
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 CNM was down-trending over the past week, with a drop of -1.68%, but this was up by 12.51% over a month. Three-month performance surged to 24.81% while six-month performance rose 6.37%. The stock gained 22.68% in the past year, while it has gained 14.12% so far this year. A look at the trailing 12-month EPS for CNM yields 2.16 with Next year EPS estimates of 2.82. For the next quarter, that number is 0.77. This implies an EPS growth rate of 15.01% for this year and 15.10% for next year. EPS is expected to grow by 15.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 52.59%.
Float and Shares Shorts:
At present, 189.45 million CNM shares are outstanding with a float of 189.10 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 CNM since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 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 $2.28367 being high and $2.12055 being low. For CNM, this leads to a yearly average estimate of $2.20691.
