The stock of CVR Energy Inc (CVI) has seen a -9.82% decrease in the past week, with a -17.27% drop in the past month, and a -11.92% decrease in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 3.40% for CVI.. The simple moving average for the past 20 days is -12.36% for CVI’s stock, with a -6.52% simple moving average for the past 200 days.
Is It Worth Investing in CVR Energy Inc (NYSE: CVI) Right Now?
The price-to-earnings ratio for CVR Energy Inc (NYSE: CVI) is above average at 3.97x. The 36-month beta value for CVI is also noteworthy at 1.60. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for CVI is 100.53M, and at present, short sellers hold a 6.13% of that float. The average trading volume of CVI on May 01, 2024 was 902.35K shares.
CVI) stock’s latest price update
CVR Energy Inc (NYSE: CVI)’s stock price has dropped by -8.27 in relation to previous closing price of 33.12. Nevertheless, the company has seen a loss of -9.82% in its stock price over the last five trading days. InvestorPlace reported 2024-04-30 that The energy industry is undergoing a seismic shift in response to climate change concerns and the sustainability of fossil fuels. Although most, if not all, energy stocks are affected, these energy stocks to avoid also have other issues.
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 -11.75% 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 -20.20% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares sank -16.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.32% lower at present.
During the last 5 trading sessions, CVI fell by -9.82%, which changed the moving average for the period of 200-days by -1.17% in comparison to the 20-day moving average, which settled at $34.37. In addition, CVR Energy Inc saw 0.26% 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:
- 0.1 for the present operating margin
- -0.05 for the gross margin
The net margin for CVR Energy Inc stands at 0.07. The total capital return value is set at 0.22. Equity return is now at value 111.61, with 17.20 for asset returns.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In summary, CVR Energy Inc (CVI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
