With 2.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.03 million shares. The 52-week range on CNM shows that it touched its highest point at $62.15 and its lowest point at $37.22 during that stretch. It currently has a 1-year price target of $60.08. Beta for the stock currently stands at 1.02.
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 up-trending over the past week, with a rise of 4.80%, but this was up by 11.02% over a month. Three-month performance dropped to -1.31% while six-month performance rose 17.70%. The stock lost -9.06% in the past year, while it has gained 6.31% so far this year. A look at the trailing 12-month EPS for CNM yields 2.13 with Next year EPS estimates of 2.78. For the next quarter, that number is 0.52. This implies an EPS growth rate of 13.56% for this year and 15.10% for next year. EPS is expected to grow by 7.69% 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, 189.82 million CNM shares are outstanding with a float of 189.75 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. Based on analyst estimates, the high estimate for the next quarter is $0.88 and the low estimate is $0.7. The average estimate for the next quarter is thus $0.76.
