Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Core & Main Inc’s current trading price is 4.24% away from its 52-week high, while its distance from the 52-week low is 161.30%. The stock’s price range during this period has varied between $20.62 and $51.69. The company, active in the Industrials sector, saw a trading volume of around 2.45 million for the day, considerably lower average daily volume of 2.97 million observed over the last three months.
Core & Main Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $51.69 on 03/19/24, while the lowest price during the same period was $20.62 on 03/24/23.
How Financial Performance Impacts Market Capitalization
Core & Main Inc (CNM) has experienced a quarterly rise of 37.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.33B and boasts a workforce of 4500 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.08, with a change in price of +24.10. Similarly, Core & Main Inc recorded 3,184,155 in trading volume during the last 100 days, posting a change of +81.12%.
How CNM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CNM stands at 0.92. Similarly, the long-term debt-to-equity ratio is also 0.89.
CNM Stock Stochastic Average
As of today, the raw stochastic average of Core & Main Inc over the last 50 days is at 94.61%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 92.02%. Further, the company’s Stochastic %K and %D values for the last 20 days were 92.57% and 92.11%, respectively.
CNM Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 33.33%. However, over the past six months, we’ve seen a weaker performance of 89.05%. The price of CNM fallen by 20.89% over the last 30 days. And in the last five days, it has surged by 9.18%.
