Commerce Bancshares, Inc (NASDAQ:CBSH) shares, rose in value on Friday, November 01, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $62.65.
Actively observing the price movement in the last trading, the stock closed the session at $62.50, falling within a range of $62.52 and $63.53. The value of beta (5-year monthly) was 0.752 whereas the PE ratio was 16.30 over 12-month period. Referring to stock’s 52-week performance, its high was $65.86, and the low was $40.91. On the whole, CBSH has fluctuated by 9.66% over the past month.
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With the market capitalization of Commerce Bancshares, Inc currently standing at about $8.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-16. The company’s Forward Dividend Ratio is 1.08, with its dividend yield at 1.72%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CBSH’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 2.94, with the price of CBSH currently trading nearly 2.80% and 2.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.37, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 1.93%. Furthermore, Commerce Bancshares, Inc (CBSH)’s beta value is 0.74, and its average true range (ATR) is 1.23.
A comparison of Commerce Bancshares, Inc (CBSH) with its peers suggests the former has fared considerably weaker in the market. CBSH showed an intraday change of 0.24% in last session, and over the past year, it grew by 51.50%%.
Data on historical trading for Commerce Bancshares, Inc (NASDAQ:CBSH) indicates that the trading volumes over the past 10 days have averaged 0.64 and over the past 3 months, they’ve averaged 575.22K. According to company’s latest data on outstanding shares, there are 130.45 million shares outstanding.
Nearly 3.14% of Commerce Bancshares, Inc’s shares belong to company insiders and institutional investors own 70.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.65 million shares as on 2024-10-15, resulting in a short ratio of 2.82. According to the data, the short interest in Commerce Bancshares, Inc (CBSH) stood at 139.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 1.61 million. The stock has risen by 17.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CBSH stock heading into the next quarter.
