Crescent Energy Co. (CRGY) average volume reaches $1.40M: Is Wall Street expecting a rally?

On Tuesday, Crescent Energy Co. (NYSE: CRGY) was -0.26% down from the session before settling in for the closing price of $11.36. A 52-week range for CRGY has been $9.17 – $14.22.

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Energy Sector giant saw their annual sales surged by 37.53% over the last five years. When this article was written, the company’s average yearly earnings per share was at -42.84%. With a float of $81.37 million, this company’s outstanding shares have now reached $91.61 million.

The firm has a total of 904 workers. Let’s measure their productivity.

Crescent Energy Co. (CRGY) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Crescent Energy Co. stocks. The insider ownership of Crescent Energy Co. is 11.17%, while institutional ownership is 70.30%. The most recent insider transaction that took place on Apr 01 ’24, was worth 64,440,000. In this transaction 10% Owner of this company sold 6,000,000 shares at a rate of $10.74, taking the stock ownership to the 0 shares. Before that another transaction happened on Apr 01 ’24, when Company’s 10% Owner sold 6,000,000 for $10.74, making the entire transaction worth $64,440,000. This insider now owns 0 shares in total.

Crescent Energy Co. (CRGY) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -42.84% per share during the next fiscal year.

Crescent Energy Co. (NYSE: CRGY) Trading Performance Indicators

You can see what Crescent Energy Co. (CRGY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44. Likewise, its price to free cash flow for the trailing twelve months is 2.93.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.27, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.67 in one year’s time.

Technical Analysis of Crescent Energy Co. (CRGY)

Analysing the last 5-days average volume posted by the [Crescent Energy Co., CRGY], we can find that recorded value of 1.71 million was better than the volume posted last year of 1.37 million. As of the previous 9 days, the stock’s Stochastic %D was 29.35%. Additionally, its Average True Range was 0.38.

During the past 100 days, Crescent Energy Co.’s (CRGY) raw stochastic average was set at 29.61%, which indicates a significant increase from 23.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.58% in the past 14 days, which was lower than the 40.00% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.25, while its 200-day Moving Average is $11.76. Now, the first resistance to watch is $11.51. This is followed by the second major resistance level at $11.69. The third major resistance level sits at $11.91. If the price goes on to break the first support level at $11.11, it is likely to go to the next support level at $10.90. Should the price break the second support level, the third support level stands at $10.72.

Crescent Energy Co. (NYSE: CRGY) Key Stats

There are 179,657K outstanding shares of the company, which has a market capitalization of 1.04 billion. As of now, sales total 2,383 M while income totals 67,610 K. Its latest quarter income was 657,730 K while its last quarter net income were 55,540 K.