A new trading day began on November 20, 2023, with CSX Corp. (NASDAQ: CSX) stock priced at $31.50, up 1.39% from the previous day of trading. During the day, the shares moved up to $32.12 and dropped to $31.445 before settling in for the closing price of $31.62. CSX’s price has ranged from $27.60 to $34.38 over the past 52 weeks.
Industrials Sector giant saw their annual sales surged by 6.08% over the last five years. Meanwhile, its annual earnings per share averaged -6.04%. With a float of $1.97 billion, this company’s outstanding shares have now reached $2.07 billion.
The firm has a total of 22500 workers. Let’s measure their productivity. In terms of profitability, gross margin is +39.91, operating margin of +38.95, and the pretax margin is +36.45.
CSX Corp. (CSX) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Railroads Industry. The insider ownership of CSX Corp. is 0.23%, while institutional ownership is 76.03%.
CSX Corp. (CSX) Recent Fiscal highlights
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.42 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +28.05 while generating a return on equity of 31.92. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -6.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.59% during the next five years compared to -0.50% drop over the previous five years of trading.
CSX Corp. (NASDAQ: CSX) Trading Performance Indicators
Here are CSX Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.31. Likewise, its price to free cash flow for the trailing twelve months is 20.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.88, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 1.98 in one year’s time.
Technical Analysis of CSX Corp. (CSX)
Analysing the last 5-days average volume posted by the [CSX Corp., CSX], we can find that recorded value of 13.58 million was better than the volume posted last year of 13.13 million. As of the previous 9 days, the stock’s Stochastic %D was 94.89%. Additionally, its Average True Range was 0.58.
During the past 100 days, CSX Corp.’s (CSX) raw stochastic average was set at 56.64%, which indicates a significant decrease from 97.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.49% in the past 14 days, which was lower than the 19.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.68, while its 200-day Moving Average is $31.19. Now, the first resistance to watch is $32.31. This is followed by the second major resistance level at $32.55. The third major resistance level sits at $32.98. If the price goes on to break the first support level at $31.63, it is likely to go to the next support level at $31.20. Now, if the price goes above the second support level, the third support stands at $30.96.
CSX Corp. (NASDAQ: CSX) Key Stats
With a market capitalization of 63.35 billion, the company has a total of 1,976,131K Shares Outstanding. Currently, annual sales are 14,853 M while annual income is 4,166 M. The company’s previous quarter sales were 3,572 M while its latest quarter income was 846,000 K.