In the past 52-week period, shares of Commercial Metals Company (NYSE:CMC) have moved within the range of $17.05 to $25.51. On the stock’s most recent trading day, the company’s shares ended the regular session at $25.82, which is -1.22% lower than its 52-week high.
Commercial Metals Company (CMC) has demonstrated a 20-day simple moving average (SMA) of 16.34%, and a 50-day SMA of 26.46%. This public company’s current market capitalization stands at $2.99 billion.Analyzing Consensus Estimates, Sales Revenue and Net Income
Measuring Wall Street analysts’ average enthusiasm for a specific stock is critical when considering a potential investment. According to the latest data, the consensus recommendation for Commercial Metals Company (CMC) is Outperform.
Publicly-traded companies normally report earnings and revenue figures that are either above or below the average Wall Street projection. In the most recent quarterly financial report, for the quarter ending Nov. 2017, Commercial Metals Company (CMC) delivered a 11.28% surprise with its net revenue. Sales reached $1.24 billion during the three-month period, compared to the average analyst estimate of $1.11 billion.
Meanwhile, during the same quarter Commercial Metals Company (CMC) delivered a 86.97% earnings surprise. Net earnings for the quarter were posted at $0.31 per share, whereas Wall Street had forecast $0.17 per share.Ownership at Commercial Metals Company (CMC), According to Most Recent SEC Filings
We can gain important insight by taking a look at institutional ownership, as detailed in public companies’ latest 13F filings. Commercial Metals Company (CMC) has 0 billion shares outstanding currently, 89.23% of which belong to institutional investors. Those institutional holdings amount to $2.63 billion.
Additionally, according to the most recent 13F filing from Commercial Metals Company (CMC), there were 27 new positions totaling 3,306,807 shares of the company’s stock. There were 26 sold out positions, on the other hand, totaling 5,081,733 shares.Short, Medium and Long Term Indicators
Analyzing the average trade volume of a publicly-traded company’s stock – in the short, medium and long terms – is helpful for gaining insight into trading activity and general investor sentiment. Commercial Metals Company (CMC) has had a 20-day average volume of 2,315,675 shares, with an average of 80% of short term indicators pointed at Buy.
The stock’s 50-day average volume has been 1,909,966 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 1,901,543 shares with 100% of long-term indicators pointing to Buy.