Cornerstone Building Brands Inc. (NYSE:CNR) has a beta of 2.09, a 12-month trailing P/E ratio of 38.80, and a growth ratio of 1.12. The stock’s Relative Strength Index (RSI) is 70.16, with weekly volatility at 5.17% and ATR at 0.83. The CNR stock’s 52-week price range has touched low of $4.68 and a $16.61 high. Its shares traded higher over the last trading session, gaining 3.38% on 05/21/21. The shares fell to a low of $16.80 before closing at $17.11. Intraday shares traded counted 1.69 million, which was -65.95% lower than its 30-day average trading volume of 1.02M. CNR’s previous close was $16.55 while the outstanding shares total 125.51M.
Investors have identified the Building Products & Equipment company Cornerstone Building Brands Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.08 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cornerstone Building Brands Inc. (CNR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CNR, the company has in raw cash 672.94 million on their books with 25.6 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.89 billion total, with 728.99 million as their total liabilities.
CNR were able to record -1.2 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -7.54 million. In cash movements, the company had a total of 20.03 million as operating cash flow.
Potential earnings growth for Cornerstone Building Brands Inc. (CNR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Cornerstone Building Brands Inc. recorded a total of 1.27 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.09% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 5.97%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.01 billion trying to sell their products during the last quarter, with the result yielding a gross income of 259.73 million. This allows shareholders to hold on to 125.51M with the recently reported earning now reading -0.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.03 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.58 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CNR sounds very interesting.
Is the stock of CNR attractive?
In related news, Director, AFFELDT KATHLEEN J sold 19,500 shares of the company’s stock in a transaction that recorded on Apr 05. The sale was performed at an average price of 14.74, for a total value of 287,348. As the sale deal closes, the Director, AFFELDT KATHLEEN J now sold 1,500 shares of the company’s stock, valued at 21,866. Also, , GGC Opportunity Fund Managemen sold 5,500,000 shares of the company’s stock in a deal that was recorded on Mar 08. The shares were price at an average price of 13.22 per share, with a total market value of 72,720,000. Following this completion of acquisition, the , GGC Opportunity Fund Managemen now holds 5,500,000 shares of the company’s stock, valued at 72,720,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.10%.
3 out of 4 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Cornerstone Building Brands Inc.. 0 analysts has assigned a Sell rating on the CNR stock. The 12-month mean consensus price target for the company’s shares has been set at $20.00.