Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Commercial Metals Company before investing.

In this article, we go over a few key elements for understanding Commercial Metals Company’s stock price such as:

• Commercial Metals Company’s current stock price and volume
• Why Commercial Metals Company’s stock price changed recently
• Upgrades and downgrades for CMC from analysts
• CMC’s stock price momentum as measured by its relative strength

About Commercial Metals Company (CMC)

Before we jump into Commercial Metals Company’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Commercial Metals Company is engaged in offering products and technologies for the global construction sector through manufacturing network principally located in the United States and Central Europe. The Company’s solutions support construction across a variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission. Its segments include North America and Europe. The North America segment provides a diverse offering of products and solutions to support the construction sector composed primarily of a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Company’s 43 scrap metal recycling facilities, primarily located in the southeast and central United States process ferrous and nonferrous scrap metals. The Europe segment is composed primarily of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.

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Commercial Metals Company’s Stock Price as of Market Close

As of May 02, 2024, 4:00 PM, CST, Commercial Metals Company’s stock price was $56.46.

Commercial Metals Company is up 4.19% from its previous closing price of $54.19.

During the last market session, Commercial Metals Company’s stock traded between $53.75 and $55.03. Currently, there are 116.40 million shares of Commercial Metals Company stock available for purchase.

Commercial Metals Company’s price-earnings (P/E) ratio is currently at 9.4, which is low compared to the Metals & Mining - Iron & Steel industry median of 13.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Commercial Metals Company Stock Price History

Commercial Metals Company’s (CMC) price is currently up 5.06% so far this month.

During the month of May, Commercial Metals Company’s stock price has reached a high of $56.49 and a low of $53.75.

Over the last year, Commercial Metals Company has hit prices as high as $59.81 and as low as $39.85. Year to date, Commercial Metals Company’s stock is up 16.89%.

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What Caused Commercial Metals Company Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 01, 2024, there were 4 analysts who downgraded Commercial Metals Company’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Commercial Metals Company’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Commercial Metals Company’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Commercial Metals Company’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Commercial Metals Company (CMC) by visiting AAII Stock Evaluator.

Relative Price Strength of Commercial Metals Company

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 01, 2024, Commercial Metals Company has a weighted four-quarter relative price strength of 0.73%, which translates to a Momentum Score of 67 and is considered to be Strong.

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Commercial Metals Company Stock Price: Bottom Line

As of May 2, 2024, Commercial Metals Company’s stock price is $56.46, which is up 4.19% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Commercial Metals Company stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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