CNX Resources Corp (NYSE: CNX) has a price-to-earnings ratio of 2.65x that is above its average ratio. Additionally, the 36-month beta value for CNX is 1.34. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for CNX is 146.67M and currently, short sellers hold a 20.26% ratio of that float. The average trading volume of CNX on April 02, 2024 was 3.09M shares.
CNX) stock’s latest price update
CNX Resources Corp (NYSE: CNX) has seen a rise in its stock price by 1.05 in relation to its previous close of 23.72. However, the company has experienced a 5.50% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-13 that CNX Resources (CNX) decides to lower its 2024 production volumes and capital expenditure to sail through the softness in demand for natural gas.
CNX’s Market Performance
CNX Resources Corp (CNX) has experienced a 5.50% rise in stock performance for the past week, with a 14.42% rise in the past month, and a 18.31% rise in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.33% for CNX. The simple moving average for the last 20 days is 9.22% for CNX stock, with a simple moving average of 15.82% for the last 200 days.
Analysts’ Opinion of CNX
Many brokerage firms have already submitted their reports for CNX stocks, with BofA Securities repeating the rating for CNX by listing it as a “Neutral.” The predicted price for CNX in the upcoming period, according to BofA Securities is $23 based on the research report published on January 05, 2024 of the current year 2024.
Truist gave a rating of “Buy” to CNX, setting the target price at $27 in the report published on December 04th of the previous year.
CNX Trading at 14.74% 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 -0.13% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +13.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.37% upper at present.
During the last 5 trading sessions, CNX rose by +5.50%, which changed the moving average for the period of 200-days by +38.80% in comparison to the 20-day moving average, which settled at $22.09. In addition, CNX Resources Corp saw 19.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNX starting from Bedard Timothy Scott, who sale 1,226 shares at the price of $20.83 back on Feb 26 ’24. After this action, Bedard Timothy Scott now owns 0 shares of CNX Resources Corp, valued at $25,538 using the latest closing price.
Bedard Timothy Scott, the EVP and General Counsel of CNX Resources Corp, sale 1,226 shares at $20.83 during a trade that took place back on Feb 26 ’24, which means that Bedard Timothy Scott is holding 0 shares at $25,538 based on the most recent closing price.
Stock Fundamentals for CNX
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.34 for the gross margin
The net margin for CNX Resources Corp stands at 1.14. The total capital return value is set at 0.04. Equity return is now at value 47.72, with 20.35 for asset returns.
Based on CNX Resources Corp (CNX), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 2.05.
Currently, EBITDA for the company is 744.77 million with net debt to EBITDA at 3.17. When we switch over and look at the enterprise to sales, we see a ratio of 4.01. The receivables turnover for the company is 11.23for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
In conclusion, CNX Resources Corp (CNX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
