Cornerstone Building Brands Inc. [NYSE:CNR] is flashing a current price of $9.05. On Wednesday, the company’s daily low is at $8.39 as the high is reaching $9.17.
The price per sales of 0.23 and price per cash flow of 5.11. The company is also booking -3.88 earnings per share.
CNR’s next earning date is 12/02/2020. The company has price per sales of 0.23 and price per cash flow of 5.11. The company is also booking -3.88 earnings per share.
The Price is right
Holding a Market Cap of $1.10 billion, Cornerstone Building Brands Inc. has seen a trading range over the last year of $2.54-$9.79.
For the last five days, CNR is up from its last closing price. The average shares trading hands each day is 617.45K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CNR. When we apply the Elder Force Index to Cornerstone Building Brands Inc., we are seeing an Elder Force Indicator number of 1564417.14.
The recent performance of the stock is another area that can tell traders how to proceed. CNR is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 14.91.
In the last quarter, CNR made a profit of 254.73 million. Cornerstone Building Brands Inc. also saw quarter revenue growth year over year of 144.42%.
Looking at popular technical indicators, the company’s 5-day moving average is 8.38 compared to the 50-day moving average of 1.65%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. CNR currently holds a 9-day RSI of 72.31%, while 100-day RSI stands at 54.87%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. CNR’s 9-day MACD is 0.41 and the company’s 100-day MACD stands at 1.79.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 2.38% by insiders and 92.58% by institutions. Regarding institutional holdings, Clayton, Dubilier & Rice, LLC owns 49.62%, while the second top holder, Golden Gate Private Equity, Inc., currently owns 13.38%.
Over the last six months, insiders have sold 50,000 with the most recent transaction from Buckley John L, Pres., Siding Division, with a sell at price 6.13 per share.
Overall, the recommended rating for CNR is Moderate Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is 0.3. Quarterly revenue estimates are averaging 1.21B with the high estimate reaching 1.25B and the low at 1.2B.
To review, the current 1-year target estimate is sitting at 10.50, while the current price 9.05. Based on this, we expect the stock to rise considering the aforementioned fundamentals.