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Commercial Metals Company (CMC)
53.7  -0.75 (-1.38%)    04-24 16:00
Open: 54.64
High: 55
Volume: 687,764
  
Pre. Close: 54.45
Low: 53.43
Market Cap: 6,214(M)
Technical analysis
2024-04-24 4:42:42 PM
Short term     
Mid term     
Targets 6-month :  66.94 1-year :  69.85
Resists First :  57.31 Second :  59.81
Pivot price 56.06
Supports First :  53.27 Second :  44.32
MAs MA(5) :  54.74 MA(20) :  56.65
MA(100) :  52.5 MA(250) :  50.51
MACD MACD :  -0.4 Signal :  0.1
%K %D K(14,3) :  15 D(3) :  17.5
RSI RSI(14): 37
52-week High :  59.81 Low :  39.84
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ CMC ] has closed above bottom band by 5.6%. Bollinger Bands are 13.3% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 55.36 - 55.89 55.89 - 56.21
Low: 52.3 - 53 53 - 53.42
Close: 52.91 - 54.03 54.03 - 54.71
Company Description

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

Headline News

Mon, 22 Apr 2024
Raymond James Financial Services Advisors Inc. Has $337,000 Stake in Commercial Metals (NYSE:CMC) - MarketBeat

Sun, 21 Apr 2024
Should You Buy Commercial Metals (CMC) Ahead of Earnings? - Yahoo Movies UK

Sat, 20 Apr 2024
AIA Group Ltd Makes New Investment in Commercial Metals (NYSE:CMC) - MarketBeat

Fri, 19 Apr 2024
With 88% institutional ownership, Commercial Metals Company (NYSE:CMC) is a favorite amongst the big guns - Yahoo Finance

Thu, 11 Apr 2024
With 88% ownership, Commercial Metals Company (NYSE:CMC) boasts of strong institutional backing - Simply Wall St

Fri, 22 Mar 2024
Commercial Metals Company (CMC) Q2 2024 Earnings Call Transcript - Seeking Alpha

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Basic Materials
Industry:
Steel
Shares Out 116 (M)
Shares Float 115 (M)
Held by Insiders 0.7 (%)
Held by Institutions 88.8 (%)
Shares Short 2,420 (K)
Shares Short P.Month 2,970 (K)
Stock Financials
EPS 5.76
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 36.38
Profit Margin 8 %
Operating Margin 6.9 %
Return on Assets (ttm) 8.8 %
Return on Equity (ttm) 16.9 %
Qtrly Rev. Growth -8.4 %
Gross Profit (p.s.) 0
Sales Per Share 72.68
EBITDA (p.s.) 10.28
Qtrly Earnings Growth -51.8 %
Operating Cash Flow 1,140 (M)
Levered Free Cash Flow 465 (M)
Stock Valuations
PE Ratio 9.32
PEG Ratio -0.7
Price to Book value 1.47
Price to Sales 0.73
Price to Cash Flow 5.45
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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