Canadian Imperial Bank Of Commerce (NYSE: CM) Recovers 41.46% From 52-Week Low, Is CM Still A High-Risk, High-Reward Play?

Canadian Imperial Bank Of Commerce (NYSE:CM) currently has a daily average trading volume of 1.81M but it saw 887188 shares traded in last market. With a market cap of 45.54B USD, the company’s current market price of $48.59 came rising about 1.25 while comparing to the previous closing price of $47.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $51.14 and as low as $34.35.

Taking a look at 20-day trading activity of Canadian Imperial Bank Of Commerce (CM) gives us an average price of $47.64, while its current price level is -4.99% below from 52-week high level whereas it is 41.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $48.77 while that of 200 days or SMA-200 reads an average of $43.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.42% during that period while stretching the period over a month that increases to 1.46%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.92 which implies that the stock is in neutral territory.

Over the week, CM’s stock price is moving 3.65% up while it is -3.23% when we observe its performance for the past one month. Year-to-date it is 0.93% up and over the past year, the stock is showing an upside performance of 16.77%.

Currently, Canadian Imperial Bank Of Commerce’s total number of outstanding shares is 937.27M. Company’s return on investment (ROI) stands at 5.03% and return on equity (ROE) at 11.98%. It has a price to earnings ratio (P/E ratio) of 10.04 while having a 9.45 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 1.06. Its return on asset (ROA) is 0.66% on average.