Comstock Resources, Inc (NYSE: CRK) kicked off on Monday, up 7.88% from the previous trading day, before settling in for the closing price of $13.20. Over the past 52 weeks, CRK has traded in a range of $7.07-$13.41.
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Annual sales at Energy sector company grew by 52.69% over the past five years. While this was happening, its average annual earnings per share was recorded -178.42%. With a float of $77.94 million, this company’s outstanding shares have now reached $278.43 million.
Let’s look at the performance matrix of the company that is accounted for 251 employees. In terms of profitability, gross margin is 14.36%, operating margin of -9.66%, and the pretax margin is -9.49%.
Comstock Resources, Inc (CRK) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Comstock Resources, Inc is 73.33%, while institutional ownership is 34.74%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.1 earnings per share (EPS), lower than consensus estimate (set at 0.13) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -178.42% per share during the next fiscal year.
Comstock Resources, Inc (NYSE: CRK) Trading Performance Indicators
Take a look at Comstock Resources, Inc’s (CRK) current performance indicators. Last quarter, stock had a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.20, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Comstock Resources, Inc (CRK)
Comstock Resources, Inc (NYSE: CRK) saw its 5-day average volume 2.41 million, a negative change from its year-to-date volume of 3.54 million. As of the previous 9 days, the stock’s Stochastic %D was 96.01%. Additionally, its Average True Range was 0.56.
During the past 100 days, Comstock Resources, Inc’s (CRK) raw stochastic average was set at 99.39%, which indicates a significant increase from 98.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.71% in the past 14 days, which was higher than the 54.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.26, while its 200-day Moving Average is $10.12. Nevertheless, the first resistance level for the watch stands at $14.55 in the near term. At $14.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.43. If the price goes on to break the first support level at $13.66, it is likely to go to the next support level at $13.09. The third support level lies at $12.78 if the price breaches the second support level.
Comstock Resources, Inc (NYSE: CRK) Key Stats
The company with the Market Capitalisation of 4.20 billion has total of 292,261K Shares Outstanding. Its annual sales at the moment are 1,565 M in contrast with the sum of 211,120 K annual income. Company’s last quarter sales were recorded 304,470 K and last quarter income was -28,890 K.
