Comerica, Inc (NYSE: CMA): A Great Stock To Watch

CTK Stock

Comerica, Inc (NYSE:CMA) shares, rose in value on Wednesday, January 22, with the stock price down by -5.56% to the previous day’s close as strong demand from buyers drove the stock to $62.69.

Actively observing the price movement in the last trading, the stock closed the session at $66.38, falling within a range of $62.115 and $65.51. The value of beta (5-year monthly) was 1.24 whereas the PE ratio was 12.49 over 12-month period. Referring to stock’s 52-week performance, its high was $73.45, and the low was $45.32. On the whole, CMA has fluctuated by 2.55% over the past month.

With the market capitalization of Comerica, Inc currently standing at about $8.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.84, with its dividend yield at 4.53%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.4B, with a low estimate of 830M and a high estimate of 920M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 842.62M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.18, with the price of CMA currently trading nearly -0.05% and -5.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.37, while the 7-day volatility ratio is showing 2.97% which for the 30-day chart, stands at 2.58%. Furthermore, Comerica, Inc (CMA)’s beta value is 1.27, and its average true range (ATR) is 1.93.

A comparison of Comerica, Inc (CMA) with its peers suggests the former has fared considerably weaker in the market. CMA showed an intraday change of -5.56% in last session, and over the past year, it grew by 19.18%%.

Data on historical trading for Comerica, Inc (NYSE:CMA) indicates that the trading volumes over the past 10 days have averaged 2.24 and over the past 3 months, they’ve averaged 2.20 million. According to company’s latest data on outstanding shares, there are 131.41 million shares outstanding.

Nearly 0.89% of Comerica, Inc’s shares belong to company insiders and institutional investors own 86.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.6 million shares as on 2024-12-31, resulting in a short ratio of 1.53. According to the data, the short interest in Comerica, Inc (CMA) stood at 402.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 5.04 million. The stock has risen by 1.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMA stock heading into the next quarter.

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