At the time of writing, Columbus Mckinnon Corp [CMCO] stock is trading at $39.10, up 0.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CMCO shares have gain 8.60% over the last week, with a monthly amount glided 21.28%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Columbus Mckinnon Corp [NASDAQ: CMCO] stock has seen the most recent analyst activity on June 04, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $53. Previously, JP Morgan downgraded its rating to Neutral on May 26, 2022, and kept the price target unchanged to $37. On May 25, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $35 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $64 on December 07, 2021. Wells Fargo initiated its recommendation with a Overweight and recommended $70 as its price target on May 03, 2021. DA Davidson upgraded its rating to Buy for this stock on February 26, 2021, and upped its price target to $60. In a note dated July 31, 2020, Sidoti upgraded an Buy rating on this stock and boosted its target price from $28 to $42.
For the past year, the stock price of Columbus Mckinnon Corp fluctuated between $29.26 and $45.84. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. Columbus Mckinnon Corp [NASDAQ: CMCO] shares were valued at $39.10 at the most recent close of the market. An investor can expect a potential return of 25.32% based on the average CMCO price forecast.
Analyzing the CMCO fundamentals
According to Columbus Mckinnon Corp [NASDAQ:CMCO], the company’s sales were 1.00B for trailing twelve months, which represents an -6.24% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.81 points at the first support level, and at 38.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.49, and for the 2nd resistance point, it is at 39.89.
Ratios To Look Out For
It is important to note that Columbus Mckinnon Corp [NASDAQ:CMCO] has a current ratio of 2.04. Further, the Quick Ratio stands at 1.16, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 75.76.
Transactions by insiders
Recent insider trading involved STEPHENS CHRISTOPHER J, Director, that happened on Nov 14 ’24 when 1000.0 shares were purchased. President & CEO, Wilson David J. completed a deal on Nov 01 ’24 to buy 31300.0 shares. Meanwhile, Director STEPHENS CHRISTOPHER J bought 1500.0 shares on May 31 ’24.
