CNX Resources Corporation (NYSE:CNX) went down by -9.37% from its latest closing price compared to the recent 1-year high of $24.21. The company’s stock price has collected -25.04% of loss in the last five trading sessions.
Is It Worth Investing in CNX Resources Corporation (NYSE :CNX) Right Now?
Plus, the 36-month beta value for CNX is at 1.27. Opinions of the stock are interesting as 2 analysts out of 12 who provided ratings for CNX Resources Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $28.10, which is $10.69 above the current price. CNX currently public float of 189.38M and currently shorts hold a 15.90% ratio of that float. Today, the average trading volume of CNX was 3.38M shares.
CNX’s Market Performance
CNX stocks went down by -25.04% for the week, with a monthly drop of -11.26% and a quarterly performance of -7.64%, while its annual performance rate touched 32.47%. The volatility ratio for the week stands at 8.82% while the volatility levels for the past 30 days are set at 5.18% for CNX Resources Corporation. The simple moving average for the period of the last 20 days is -19.82% for CNX stocks with a simple moving average of 5.56% for the last 200 days.
Analysts’ Opinion of CNX
Many brokerage firms have already submitted their reports for CNX stocks, with Piper Sandler repeating the rating for CNX by listing it as a “Neutral.” The predicted price for CNX in the upcoming period, according to Piper Sandler is $27 based on the research report published on April 21st of the current year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see CNX reach a price target of $18. The rating they have provided for CNX stocks is “Neutral” according to the report published on December 07th, 2021.
CNX Trading at -17.28% from the 50-Day Moving Average
After a stumble in the market that brought CNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.05% of loss for the given period.
Volatility was left at 5.18%, however, over the last 30 days, the volatility rate increased by 8.82%, as shares sank -11.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.93% lower at present.
During the last 5 trading sessions, CNX fell by -25.04%, which changed the moving average for the period of 200-days by +51.87% in comparison to the 20-day moving average, which settled at $21.61. In addition, CNX Resources Corporation saw 26.69% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CNX
Current profitability levels for the company are sitting at:
- +48.61 for the present operating margin
- +55.80 for the gross margin
The net margin for CNX Resources Corporation stands at -20.92. Equity return is now at value -44.70, with -18.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.