Carpenter Technology Corp (NYSE:CRS) shares, rose in value on Friday, May 09, with the stock price up by 1.51% to the previous day’s close as strong demand from buyers drove the stock to $212.33.
Actively observing the price movement in the last trading, the stock closed the session at $209.18. The PE ratio was 30.09 over 12-month period. Referring to stock’s 52-week performance, its high was $215.96, and the low was $95.17. On the whole, CRS has fluctuated by 21.31% over the past month.
With the market capitalization of Carpenter Technology Corp currently standing at about $10.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 0.38%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.92B, with a low estimate of 768M and a high estimate of 829.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 786.84M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.89, with the price of CRS currently trading nearly 10.22% and 13.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.89, while the 7-day volatility ratio is showing 2.80% which for the 30-day chart, stands at 4.43%. Furthermore, Carpenter Technology Corp (CRS)’s beta value is 1.34, and its average true range (ATR) is 9.59.
A comparison of Carpenter Technology Corp (CRS) with its peers suggests the former has fared considerably weaker in the market. CRS showed an intraday change of 1.51% in last session, and over the past year, it grew by 107.07%%.
Data on historical trading for Carpenter Technology Corp (NYSE:CRS) indicates that the trading volumes over the past 3 months, they’ve averaged 939.53K. According to company’s latest data on outstanding shares, there are 49.77 million shares outstanding.
Nearly 3.97% of Carpenter Technology Corp’s shares belong to company insiders and institutional investors own 97.57% of the company’s shares. The stock has risen by 25.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRS stock heading into the next quarter.
