Comerica, Inc (NYSE:CMA) currently has a daily average trading volume of 1.95M but it saw 2150066 shares traded in last market. With a market cap of 7.89B USD, the company’s current market price of $60.01 came falling about -1.83 while comparing to the previous closing price of $61.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $73.45 and as low as $45.32. In the recent trading on the day, stock has struck highest price mark of $59.76 while lowest mark touched by it was $62.32.
Taking a look at 20-day trading activity of Comerica, Inc (CMA) gives us an average price of $68.45, while its current price level is -18.30% below from 52-week high level whereas it is 32.41% 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 $66.35 while that of 200 days or SMA-200 reads an average of $56.52. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.48% during that period while stretching the period over a month that decreases to 2.95%. 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 23.53 which implies that the stock is in oversold territory.
Wells Fargo upgraded its recommendation for the stock as a “Equal Weight” from “Underweight” on November 15, 2024 while assigning a price target of $73. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $55 and $52.
Over the week, CMA’s stock price is moving -9.72% down while it is -11.45% when we observe its performance for the past one month. Year-to-date it is 7.53% up and over the past year, the stock is showing an upside performance of 7.68%.
Currently, Comerica, Inc’s total number of outstanding shares is 132.72M. Company’s return on investment (ROI) stands at 3.78% and return on equity (ROE) at 9.05%. It has a price to earnings ratio (P/E ratio) of 15.00 while having a 10.97 of forward P/E ratio. Stock’s beta reads 1.28. Stock has a price to book (P/B) ratio of 1.14 while price to sale or P/S ratio amounts to 1.58. Its return on asset (ROA) is 0.67% on average.
