A new trading day began on Monday, with CNX Resources Corp (NYSE: CNX) stock price up 0.42% from the previous day of trading, before settling in for the closing price of $24.00. CNX’s price has ranged from $14.36 to $24.82 over the past 52 weeks.
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Annual sales at Energy sector company grew by 16.15% over the past five years. Meanwhile, its annual earnings per share averaged -26.05%. With a float of $146.73 million, this company’s outstanding shares have now reached $154.38 million.
Let’s look at the performance matrix of the company that is accounted for 470 employees.
CNX Resources Corp (CNX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of CNX Resources Corp is 4.18%, while institutional ownership is 104.06%. The most recent insider transaction that took place on Feb 26 ’24, was worth 25,538. In this transaction EVP and General Counsel of this company sold 1,226 shares at a rate of $20.83, taking the stock ownership to the 0 shares. Before that another transaction happened on Feb 26 ’24, when Company’s EVP and General Counsel sold 1,226 for $20.83, making the entire transaction worth $25,538. This insider now owns 0 shares in total.
CNX Resources Corp (CNX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -26.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 41.60% during the next five years compared to 19.28% growth over the previous five years of trading.
CNX Resources Corp (NYSE: CNX) Trading Performance Indicators
Here are CNX Resources Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.45. Likewise, its price to free cash flow for the trailing twelve months is 27.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.06, a number that is poised to hit 0.36 in the next quarter and is forecasted to reach 1.95 in one year’s time.
Technical Analysis of CNX Resources Corp (CNX)
CNX Resources Corp (NYSE: CNX) saw its 5-day average volume 2.08 million, a negative change from its year-to-date volume of 2.95 million. As of the previous 9 days, the stock’s Stochastic %D was 42.05%. Additionally, its Average True Range was 0.54.
During the past 100 days, CNX Resources Corp’s (CNX) raw stochastic average was set at 87.48%, which indicates a significant increase from 52.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.56% in the past 14 days, which was lower than the 25.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.16, while its 200-day Moving Average is $21.24. Nevertheless, the first resistance level for the watch stands at $24.40 in the near term. At $24.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.02. If the price goes on to break the first support level at $23.79, it is likely to go to the next support level at $23.47. The third support level lies at $23.17 if the price breaches the second support level.
CNX Resources Corp (NYSE: CNX) Key Stats
With a market capitalization of 3.69 billion, the company has a total of 153,135K Shares Outstanding. Currently, annual sales are 3,435 M while annual income is 1,721 M. The company’s previous quarter sales were 968,760 K while its latest quarter income was 513,990 K.
