In the past week, CNX stock has gone up by 2.30%, with a monthly decline of -7.44% and a quarterly plunge of -3.95%. The volatility ratio for the week is 2.75%, and the volatility levels for the last 30 days are 2.73% for CNX Resources Corp The simple moving average for the past 20 days is -1.28% for CNX’s stock, with a 15.65% simple moving average for the past 200 days.
Is It Worth Investing in CNX Resources Corp (NYSE: CNX) Right Now?
The price-to-earnings ratio for CNX Resources Corp (NYSE: CNX) is 1.81x, which is above its average ratio. Moreover, the 36-month beta value for CNX is 1.38. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 3 as “sell.”
The average price recommended by analysts for CNX Resources Corp (CNX) is $23.08, which is $1.69 above the current market price. The public float for CNX is 153.92M and currently, short sellers hold a 21.17% of that float. On November 20, 2023, CNX’s average trading volume was 2.55M shares.
CNX) stock’s latest price update
CNX Resources Corp (NYSE: CNX)’s stock price has plunge by 1.09relation to previous closing price of 21.16. Nevertheless, the company has seen a 2.30% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-16 that CNX Resources’ (CNX) production activities in the Appalachian basin region are likely to aid its earnings and revenues. Its dependence on third parties for natural gas transportation is a headwind.
CNX Trading at -3.08% 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 -9.66% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.72% lower at present.
During the last 5 trading sessions, CNX rose by +2.30%, which changed the moving average for the period of 200-days by +30.67% in comparison to the 20-day moving average, which settled at $21.60. In addition, CNX Resources Corp saw 27.02% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CNX starting from LANIGAN BERNARD JR, who purchase 45,805 shares at the price of $21.83 back on Sep 18. After this action, LANIGAN BERNARD JR now owns 251,820 shares of CNX Resources Corp, valued at $999,923 using the latest closing price.
LANIGAN BERNARD JR, the Director of CNX Resources Corp, purchase 98,635 shares at $22.00 during a trade that took place back on Sep 15, which means that LANIGAN BERNARD JR is holding 206,015 shares at $2,169,970 based on the most recent closing price.
Stock Fundamentals for CNX
Current profitability levels for the company are sitting at:
- +66.40 for the present operating margin
- +71.05 for the gross margin
The net margin for CNX Resources Corp stands at -3.62. The total capital return value is set at 46.07, while invested capital returns managed to touch -2.53. Equity return is now at value 80.26, with 27.81 for asset returns.
Based on CNX Resources Corp (CNX), the company’s capital structure generated 80.94 points at debt to equity in total, while total debt to capital is 44.73. Total debt to assets is 28.04, with long-term debt to equity ratio resting at 79.30. Finally, the long-term debt to capital ratio is 43.83.
When we switch over and look at the enterprise to sales, we see a ratio of 2.92, with the company’s debt to enterprise value settled at 0.43. The receivables turnover for the company is 11.31 and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
To wrap up, the performance of CNX Resources Corp (CNX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.