At the end of the latest market close, Canadian Imperial Bank of Commerce (CM) was valued at $86.29. In that particular session, Stock kicked-off at the price of $86.98 while reaching the peak value of $86.98 and lowest value recorded on the day was $86.12. The stock current value is $86.99.
Recently in News on December 23, 2020, CIBC Asset Management announces CIBC ETFs and ETF Series of CIBC Fixed Income Pools cash distributions for December 2020. TORONTO, Dec. 23, 2020 /CNW/ – CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the December 2020 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly, quarterly and annually. You can read further details here
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Canadian Imperial Bank of Commerce had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $88.15 on 12/10/20, with the lowest value was $46.45 for the same time period, recorded on 03/23/20.
Canadian Imperial Bank of Commerce (CM) full year performance was 2.91%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Canadian Imperial Bank of Commerce shares are logging -1.31% during the 52-week period from high price, and 87.28% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $46.45 and $88.15.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1392612 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Canadian Imperial Bank of Commerce (CM) recorded performance in the market was 3.71%, having the revenues showcasing 13.79% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 38.46B, as it employees total of 43853 workers.
Analysts verdict on Canadian Imperial Bank of Commerce (CM)
During the last month, 1 analysts gave the Canadian Imperial Bank of Commerce a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 78.89, with a change in the price was noted +17.53. In a similar fashion, Canadian Imperial Bank of Commerce posted a movement of +25.22% for the period of last 100 days, recording 346,375 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CM is recording 0.15 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.15.
Canadian Imperial Bank of Commerce (CM): Technical Analysis
Raw Stochastic average of Canadian Imperial Bank of Commerce in the period of last 50 days is set at 93.03%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 71.86%. In the last 20 days, the company’s Stochastic %K was 66.17% and its Stochastic %D was recorded 73.76%.
Let’s take a glance in the erstwhile performances of Canadian Imperial Bank of Commerce, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 3.71%. Additionally, trading for the stock in the period of the last six months notably improved by 26.99%, alongside a boost of 2.91% for the period of the last 12 months. The shares increased approximately by -1.22% in the 7-day charts and went down by 2.74% in the period of the last 30 days. Common stock shares were driven by 13.79% during last recorded quarter.