Cummins Inc (NYSE:CMI) shares, rose in value on Friday, March 28, with the stock price down by -2.91% to the previous day’s close as strong demand from buyers drove the stock to $314.02.
Actively observing the price movement in the last trading, the stock closed the session at $323.44, falling within a range of $312.11 and $323.665. The value of beta (5-year monthly) was 1.005 whereas the PE ratio was 11.15 over 12-month period. Referring to stock’s 52-week performance, its high was $387.90, and the low was $261.51. On the whole, CMI has fluctuated by -13.77% over the past month.
With the market capitalization of Cummins Inc currently standing at about $43.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03. The company’s Forward Dividend Ratio is 7.14, with its dividend yield at 2.27%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 34.66B, 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 8.22B.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.55, with the price of CMI currently trading nearly -5.09% and -10.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.36, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.78%. Furthermore, Cummins Inc (CMI)’s beta value is 1.06, and its average true range (ATR) is 9.16.
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 -2.91% in last session, and over the past year, it grew by 7.61%%.
Data on historical trading for Cummins Inc (NYSE:CMI) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 876.70K. According to company’s latest data on outstanding shares, there are 137.40 million shares outstanding.
Nearly 1.69% of Cummins Inc’s shares belong to company insiders and institutional investors own 84.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.63 million shares as on 2025-03-14, resulting in a short ratio of 1.6. According to the data, the short interest in Cummins Inc (CMI) stood at 136.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.63 million. The stock has fallen by -9.92% 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.
