CMC ranks 301st against 869 stocks tracked on the BTT index. Sales has grown 24.41%, profit margins at 12.84%, EPS growth is negative at -58.53%. Though there is sales growth, profits are less and the company is losing on the earnings side. Price has dropped 55% from the high’s at the time of this writing.
The stock belongs to the Computer hardware industry group which has a C- ranking which indicates 60-66% range on the overall Industry ranking, so not a favorable industry at the moment. Mutual fund sponsorship is B+, which again is a negative to the stock, funds are selling and getting out of the stock. Sales and net profit growth rank is 58.28, a poor rating for the stock get into the buy zone.
EPS rank is very low at 20.62 which means close to 80% of the companies in our tracking list are faring better than CMC. The stock saw a 480% volume jump post result announcement; though there was buying power it lacks strength. Technically the stock is in a bearish trend & took a good bullish run after a divergence on the histogram, but failed to gain strength and is languishing at the Sweet zone. Though its histogram is gaining strength any weakness from here will render the stock trendless.
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