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Commercial Metals Company (CMC)
60.35  1.3 (2.2%)    07-26 16:00
Open: 59.33
High: 60.85
Volume: 912,072
  
Pre. Close: 59.05
Low: 59.28
Market Cap: 6,940(M)
Technical analysis
2024-07-26 4:43:15 PM
Short term     
Mid term     
Targets 6-month :  71.07 1-year :  83.01
Resists First :  60.84 Second :  71.07
Pivot price 56.56
Supports First :  55.2 Second :  51.7
MAs MA(5) :  58.47 MA(20) :  55.77
MA(100) :  55.28 MA(250) :  52.07
MACD MACD :  1.4 Signal :  0.9
%K %D K(14,3) :  85.9 D(3) :  83.4
RSI RSI(14): 69.1
52-week High :  60.84 Low :  39.84
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ CMC ] has closed below upper band by 12.5%. Bollinger Bands are 81.8% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 7 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 60.92 - 61.15 61.15 - 61.33
Low: 58.67 - 58.96 58.96 - 59.18
Close: 59.92 - 60.36 60.36 - 60.72
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

Fri, 26 Jul 2024
Commercial Metals (NYSE:CMC) Reaches New 12-Month High at $59.95 - MarketBeat

Thu, 25 Jul 2024
Bessemer Group Inc. Acquires 15,169 Shares of Commercial Metals (NYSE:CMC) - MarketBeat

Thu, 25 Jul 2024
Vanguard Group Inc. Grows Stake in Commercial Metals (NYSE:CMC) - Defense World

Wed, 24 Jul 2024
State Board of Administration of Florida Retirement System Raises Stock Holdings in Commercial Metals (NYSE:CMC) - Defense World

Sat, 20 Jul 2024
Commercial Metals (NYSE:CMC) Shares Bought by Russell Investments Group Ltd. - American Banking and Market News

Sat, 20 Jul 2024
ProShare Advisors LLC Has $1.57 Million Stock Holdings in Commercial Metals (NYSE:CMC) - American Banking and Market News

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.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
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.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Basic Materials
Industry:
Steel
Shares Out 115 (M)
Shares Float 114 (M)
Held by Insiders 0.7 (%)
Held by Institutions 89 (%)
Shares Short 3,560 (K)
Shares Short P.Month 2,600 (K)
Stock Financials
EPS 4.8
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 37
Profit Margin 6.9 %
Operating Margin 8.3 %
Return on Assets (ttm) 7.4 %
Return on Equity (ttm) 13.6 %
Qtrly Rev. Growth -11.4 %
Gross Profit (p.s.) 0
Sales Per Share 70.78
EBITDA (p.s.) 9.21
Qtrly Earnings Growth -48.5 %
Operating Cash Flow 957 (M)
Levered Free Cash Flow 448 (M)
Stock Valuations
PE Ratio 12.54
PEG Ratio -1.4
Price to Book value 1.63
Price to Sales 0.85
Price to Cash Flow 7.24
Stock Dividends
Dividend 0.18
Forward Dividend 0
Dividend Yield 0.2%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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