With 937.27M Outstanding Shares, Can Canadian Imperial Bank Of Commerce (NYSE: CM) Deliver Big Short-Term Gains?

Canadian Imperial Bank Of Commerce (NYSE:CM) currently has a daily average trading volume of 1.26M but it saw 1196809 shares traded in last market. With a market cap of 58.55B USD, the company’s current market price of $62.47 came rising about 1.64 while comparing to the previous closing price of $61.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $62.67 and as low as $34.35. In the recent trading on the day, stock has struck highest price mark of $61.63 while lowest mark touched by it was $62.56.

Taking a look at 20-day trading activity of Canadian Imperial Bank Of Commerce (CM) gives us an average price of $61.00, while its current price level is -0.32% below from 52-week high level whereas it is 81.86% 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 $58.03 while that of 200 days or SMA-200 reads an average of $50.64. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.79% during that period while stretching the period over a month that decreases to 1.32%. 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 64.95 which implies that the stock is in neutral territory.

Over the week, CM’s stock price is moving 3.63% up while it is 1.45% when we observe its performance for the past one month. Year-to-date it is 29.77% up and over the past year, the stock is showing an upside performance of 63.92%.

Currently, Canadian Imperial Bank Of Commerce’s total number of outstanding shares is 937.27M. Company’s return on investment (ROI) stands at 5.48% and return on equity (ROE) at 12.27%. It has a price to earnings ratio (P/E ratio) of 12.30 while having a 11.29 of forward P/E ratio. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 1.55 while price to sale or P/S ratio amounts to 1.27. Its return on asset (ROA) is 0.68% on average.