A new trading day began on Tuesday, with Comstock Resources, Inc. (NYSE: CRK) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $11.33. CRK’s price has ranged from $7.07 to $13.39 over the past 52 weeks.
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Energy Sector giant saw their annual sales surged by 52.69% over the last five years. Meanwhile, its annual earnings per share averaged -172.63%. With a float of $77.94 million, this company’s outstanding shares have now reached $278.43 million.
The firm has a total of 251 workers. Let’s measure their productivity. In terms of profitability, gross margin is 1.72%, operating margin of -0.83%, and the pretax margin is -4.33%.
Comstock Resources, Inc. (CRK) 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 Oil & Gas E&P Industry. The insider ownership of Comstock Resources, Inc. is 73.33%, while institutional ownership is 34.41%. The most recent insider transaction that took place on Aug 23 ’24, was worth 11,657,658. In this transaction 10% Owner of this company bought 1,044,200 shares at a rate of $11.16, taking the stock ownership to the 207,627,746 shares. Before that another transaction happened on Aug 26 ’24, when Company’s 10% Owner bought 592,246 for $11.54, making the entire transaction worth $6,836,473. This insider now owns 208,219,992 shares in total.
Comstock Resources, Inc. (CRK) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.04 per share, which was $0.1 lower 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -172.63% per share during the next fiscal year.
Comstock Resources, Inc. (NYSE: CRK) Trading Performance Indicators
Here are Comstock Resources, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach 0.61 in one year’s time.
Technical Analysis of Comstock Resources, Inc. (CRK)
Analysing the last 5-days average volume posted by the [Comstock Resources, Inc., CRK], we can find that recorded value of 1.31 million was lower than the volume posted last year of 3.62 million. As of the previous 9 days, the stock’s Stochastic %D was 8.23%. Additionally, its Average True Range was 0.38.
During the past 100 days, Comstock Resources, Inc.’s (CRK) raw stochastic average was set at 77.20%, which indicates a significant increase from 8.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.98% in the past 14 days, which was lower than the 49.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.86, while its 200-day Moving Average is $9.85. Now, the first resistance to watch is $11.47. This is followed by the second major resistance level at $11.61. The third major resistance level sits at $11.72. If the price goes on to break the first support level at $11.22, it is likely to go to the next support level at $11.11. Now, if the price goes above the second support level, the third support stands at $10.97.
Comstock Resources, Inc. (NYSE: CRK) Key Stats
With a market capitalization of 3.31 billion, the company has a total of 292,202K Shares Outstanding. Currently, annual sales are 1,565 M while annual income is 211,120 K. The company’s previous quarter sales were 246,830 K while its latest quarter income was -126,310 K.
