CVR Energy Inc (NYSE: CVI)’s stock price has plunge by 1.11relation to previous closing price of 35.03. Nevertheless, the company has seen a -4.99% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Is It Worth Investing in CVR Energy Inc (NYSE: CVI) Right Now?
The price-to-earnings ratio for CVR Energy Inc (NYSE: CVI) is 4.63x, which is above its average ratio. Moreover, the 36-month beta value for CVI is 1.59. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CVI is 100.53M and currently, short sellers hold a 6.47% of that float. On April 12, 2024, CVI’s average trading volume was 913.20K shares.
CVI’s Market Performance
The stock of CVR Energy Inc (CVI) has seen a -4.99% decrease in the past week, with a 8.85% rise in the past month, and a 17.48% gain in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 3.45% for CVI. The simple moving average for the last 20 days is -1.71% for CVI stock, with a simple moving average of 10.28% for the last 200 days.
Analysts’ Opinion of CVI
UBS, on the other hand, stated in their research note that they expect to see CVI reach a price target of $36. The rating they have provided for CVI stocks is “Neutral” according to the report published on March 09th, 2023.
CVI Trading at 2.22% from the 50-Day Moving Average
After a stumble in the market that brought CVI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.96% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +2.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.70% upper at present.
During the last 5 trading sessions, CVI fell by -4.99%, which changed the moving average for the period of 200-days by +27.59% in comparison to the 20-day moving average, which settled at $36.07. In addition, CVR Energy Inc saw 16.90% 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 CVI starting from ICAHN CARL C, who sale 4,100,000 shares at the price of $35.20 back on Sep 11 ’23. After this action, ICAHN CARL C now owns 66,692,381 shares of CVR Energy Inc, valued at $144,320,000 using the latest closing price.
ICAHN CARL C, the 10% Owner of CVR Energy Inc, sale 9,529 shares at $33.26 during a trade that took place back on Aug 23 ’23, which means that ICAHN CARL C is holding 70,792,381 shares at $316,935 based on the most recent closing price.
Stock Fundamentals for CVI
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.14 for the gross margin
The net margin for CVR Energy Inc stands at 0.08. The total capital return value is set at 0.37. Equity return is now at value 111.61, with 17.20 for asset returns.
Based on CVR Energy Inc (CVI), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 2.6. The interest coverage ratio of the stock is 21.17.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 32.33for trailing twelve months and the total asset turnover is 1.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
To wrap up, the performance of CVR Energy Inc (CVI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
