Previous Close | 49.27 |
Open | 49.48 |
Bid | 48.16 x 1000 |
Ask | 49.80 x 900 |
Day's Range | 49.48 - 50.33 |
52 Week Range | 35.22 - 58.09 |
Volume | |
Avg. Volume | 764,027 |
Market Cap | 5.81B |
Beta (5Y Monthly) | 1.31 |
PE Ratio (TTM) | 6.15 |
EPS (TTM) | 8.09 |
Earnings Date | Oct 12, 2023 |
Forward Dividend & Yield | 0.64 (1.30%) |
Ex-Dividend Date | Jun 30, 2023 |
1y Target Est | 61.60 |
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The heavy selling pressure might have exhausted for Commercial Metals (CMC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Several steel companies are attractive at the moment with their stocks largely outperforming the broader market over the last few years.