CVR Energy Inc (CVI) is 7.28% away from 50-day simple Moving Average despite all headwinds

CVR Energy Inc (NYSE: CVI) on Tuesday, plunged -0.98% from the previous trading day, before settling in for the closing price of $36.72. Within the past 52 weeks, CVI’s price has moved between $20.94 and $37.33.

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A company in the Energy sector has jumped its sales by 14.14% annually for the last half of the decade. The company achieved an average annual earnings per share of -49.44%. With a float of $100.53 million, this company’s outstanding shares have now reached $100.53 million.

In an organization with 1566 employees, it is important to assess its efficiency.

CVR Energy Inc (CVI) Insider and Institutional Ownership

Observing investor behavior towards Oil & Gas Refining & Marketing industry stocks is more important than anything else. The insider ownership of CVR Energy Inc is 0.00%, while institutional ownership is 105.34%. The most recent insider transaction that took place on Sep 11 ’23, was worth 144,320,000. In this transaction 10% Owner of this company sold 4,100,000 shares at a rate of $35.20, taking the stock ownership to the 66,692,381 shares. Before that another transaction happened on Aug 23 ’23, when Company’s 10% Owner sold 9,529 for $33.26, making the entire transaction worth $316,935. This insider now owns 70,792,381 shares in total.

CVR Energy Inc (CVI) Latest Financial update

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.65 earnings per share (EPS) for the period topping the consensus outlook (set at $0.34) by $0.31. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.03 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -49.44% per share during the next fiscal year.

CVR Energy Inc (NYSE: CVI) Trading Performance Indicators

CVR Energy Inc (CVI) is currently performing well based on its current performance indicators. A quick ratio of 0.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.40. Likewise, its price to free cash flow for the trailing twelve months is 4.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.65, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 2.47 in one year’s time.

Technical Analysis of CVR Energy Inc (CVI)

Let’s dig in a bit further. During the last 5-days, its volume was 1.06 million. That was better than the volume of 0.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.78%. Additionally, its Average True Range was 1.23.

During the past 100 days, CVR Energy Inc’s (CVI) raw stochastic average was set at 85.94%, which indicates a significant increase from 71.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.99% in the past 14 days, which was higher than the 33.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $34.02, while its 200-day Moving Average is $32.76. However, in the short run, CVR Energy Inc’s stock first resistance to watch stands at $37.34. Second resistance stands at $38.32. The third major resistance level sits at $39.04. If the price goes on to break the first support level at $35.64, it is likely to go to the next support level at $34.92. The third support level lies at $33.94 if the price breaches the second support level.

CVR Energy Inc (NYSE: CVI) Key Stats

Market capitalization of the company is 3.66 billion based on 100,530K outstanding shares. Right now, sales total 9,247 M and income totals 769,000 K. The company made 2,203 M in profit during its latest quarter, and 91,000 K in sales during its previous quarter.