Compass Minerals International Inc (NYSE:CMP) shares, rose in value on Thursday, May 08, with the stock price up by 26.21% to the previous day’s close as strong demand from buyers drove the stock to $17.96.
Actively observing the price movement in the last trading, the stock closed the session at $14.23. Referring to stock’s 52-week performance, its high was $15.82, and the low was $7.51. On the whole, CMP has fluctuated by 91.27% over the past month.
With the market capitalization of Compass Minerals International Inc currently standing at about $745.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CMP’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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CMP currently trading nearly 42.52% and 62.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 88.47, while the 7-day volatility ratio is showing 6.99% which for the 30-day chart, stands at 5.74%. Furthermore, Compass Minerals International Inc (CMP)’s beta value is 0.96, and its average true range (ATR) is 0.79.
A comparison of Compass Minerals International Inc (CMP) with its peers suggests the former has fared considerably weaker in the market. CMP showed an intraday change of 26.21% in last session, and over the past year, it grew by 36.06%%.
Data on historical trading for Compass Minerals International Inc (NYSE:CMP) indicates that the trading volumes over the past 3 months, they’ve averaged 679.37K. According to company’s latest data on outstanding shares, there are 41.50 million shares outstanding.
Nearly 24.45% of Compass Minerals International Inc’s shares belong to company insiders and institutional investors own 78.06% of the company’s shares. The stock has risen by 59.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMP stock heading into the next quarter.
