Cummins Inc (NYSE:CMI) shares, rose in value on Friday, February 14, with price up by 1.21% to the previous day’s close as strong demand from buyers drove the stock to $373.78.
Actively observing the price movement in the last trading, the stock closed the session at $369.32, falling within a range of $368.87 and $373.87. The value of beta (5-year monthly) was 0.997 whereas the PE ratio was 13.27 over 12-month period. Referring to stock’s 52-week performance, its high was $387.90, and the low was $258.08. On the whole, CMI has fluctuated by 3.60% over the past month.
With the market capitalization of Cummins Inc currently standing at about $51.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 7.00, with its dividend yield at 1.87%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 34.77B, with a low estimate of 8B and a high estimate of 8.41B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.23B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMI’s technical picture suggests that short-term indicators denote the stock is a 100% 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 1.81, with the price of CMI currently trading nearly 2.66% and 3.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.30, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.88%. Furthermore, Cummins Inc (CMI)’s beta value is 1.01, and its average true range (ATR) is 7.84.
A comparison of Cummins Inc (CMI) with its peers suggests the former has fared considerably weaker in the market. CMI showed an intraday change of 1.21% in last session, and over the past year, it grew by 46.87%%.
Data on historical trading for Cummins Inc (NYSE:CMI) indicates that the trading volumes over the past 10 days have averaged 0.95 and over the past 3 months, they’ve averaged 714.58K. According to company’s latest data on outstanding shares, there are 137.40 million shares outstanding.
Nearly 1.66% of Cummins Inc’s shares belong to company insiders and institutional investors own 84.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.31 million shares as on 2025-01-31, resulting in a short ratio of 1.76. According to the data, the short interest in Cummins Inc (CMI) stood at 109.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 1.77 million. The stock has risen by 7.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMI stock heading into the next quarter.
