California Resources Corporation (NYSE:CRC) went down by -1.56% from its latest closing price when compared to the 1-year high value of $20.78 and move down -1549.21%, while CRC stocks collected -10.00% of loss with the last five trading sessions. The Wall Street Journal reported on 06/08/20 that California Resources Is Preparing Near-Term Bankruptcy Filing
California Resources Corporation (NYSE:CRC) Worth an Investment?
California Resources Corporation (NYSE: CRC) The 36 Months beta value for CRC stocks is at 5.71, while of the analysts out of 0 who provided ratings for California Resources Corporation stocks as a “buy” while as overweight, rated it as hold and as sell. The average price we get from analysts is $1.30 which is $0.49 above current price. CRC currently has a short float of 28.29% and public float of 48.26M with average trading volume of 4.54M shares.
CRC Market Performance
CRC stocks went down by -10.00% for the week, with the monthly drop of -5.26% and a quarterly performance of 21.15%, while its annual performance rate touched -93.60%. The simple moving average for the period of the last 20 days is -20.53% for CRC stocks with the simple moving average of -78.24% for the last 200 days.
Analysts’ Opinion on California Resources Corporation (NYSE:CRC)
Many brokerage firms have already submitted their reports for CRC stocks, with Imperial Capital repeating the rating for CRC shares by setting it to “In-line”. The predicted price for CRC socks in the upcoming period according to Imperial Capital is $2 based on the research report published on March 25, 2020.
Raymond James, on the other hand, stated in their research note that they expect to see CRC stock at the price of $2. The rating they have provided for CRC stocks is “Mkt Perform” according to the report published on March 17, 2020.
BofA/Merrill gave “ Underperform” rating to CRC stocks, setting the target price at $2 in the report published on March 9, 2020.
CRC Stocks -28.97% Far from 50 Day Moving Average
After a stumble in the market that brought CRC to its low price for the period of the last 52 weeks, California Resources Corporation was unable to take a rebound, for now settling with -93.94% of loss for the given period.
The stock volatility was left at 17.02%, however, within the period of a single month, the volatility rate increased by 11.74%, while the shares sank at the distance of -2.33% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -23.64% lower at the present time.
In the course of the last 5 trading sessions, CRC went down by -10.00%, which changed the moving average for the period of 200 days to the total of -89.32% of losses for the stock in comparison to the 20-day moving average settled at $1.5840. In addition, California Resources Corporation saw -86.05% in overturn over the period of a single year with a tendency to cut further losses.
CRC Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at California Resources Corporation (CRC), starting from POLADIAN AVEDICK BARUYR, who bought 10,000 shares at the price of $9.03 back on Aug 15. After this action, Rushing now owns 48,439 shares of California Resources Corporation, valued at $90,260 with the latest closing price.
Leon Francisco, the EVP Corp Dev & Strategic Plng of California Resources Corporation, bought 1,500 shares at the value of $10.21 during a trade that took place back on Aug 09, which means that Leon Francisco is holding 30,873 shares at the value of $15,318 based on the most recent closing price.
CRC Stock Fundamentals
The current profitability levels are settled at +31.60 for the present operating margin and +46.86 for gross margin. The net margin for California Resources Corporation stands at -1.04. Total capital return value is set at 15.05, while invested capital returns managed to touch -0.59. Equity return holds the value 213.70%, with -27.00% for asset returns.
EBITDA value lies at +215.00 M with total debt to EBITDA carrying the value of 3.65. The value for Enterprise to Sales is 2.36 with debt to enterprise value settled at 0.79. The receivables turnover for California Resources Corporation is 7.54 with the total asset turnover at the value of 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.