The stock price of Comstock Resources, Inc. (NYSE: CRK) has surged by 3.41 when compared to previous closing price of 9.98, but the company has seen a -0.67% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Comstock Resources (CRK) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.33 per share a year ago.
Is It Worth Investing in Comstock Resources, Inc. (NYSE: CRK) Right Now?
The price-to-earnings ratio for Comstock Resources, Inc. (NYSE: CRK) is above average at 47.06x, Company’s 36-month beta value is 0.58.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for CRK is 82.40M, and currently, short sellers hold a 35.60% ratio of that floaft. The average trading volume of CRK on May 07, 2024 was 4.50M shares.
CRK’s Market Performance
CRK’s stock has seen a -0.67% decrease for the week, with a 13.66% rise in the past month and a 38.52% gain in the past quarter. The volatility ratio for the week is 3.82%, and the volatility levels for the past 30 days are at 4.03% for Comstock Resources, Inc. The simple moving average for the last 20 days is 6.02% for CRK stock, with a simple moving average of 1.90% for the last 200 days.
Analysts’ Opinion of CRK
Siebert Williams Shank gave a rating of “Hold” to CRK, setting the target price at $10 in the report published on December 19th of the previous year.
CRK Trading at 14.51% from the 50-Day Moving Average
After a stumble in the market that brought CRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.93% of loss for the given period.
Volatility was left at 4.03%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares surge +10.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.81% upper at present.
During the last 5 trading sessions, CRK fell by -0.67%, which changed the moving average for the period of 200-days by -15.96% in comparison to the 20-day moving average, which settled at $9.78. In addition, Comstock Resources, Inc. saw 16.61% 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 CRK starting from Blue Star Exploration Corp, who purchase 12,500,000 shares at the price of $8.04 back on Mar 25 ’24. After this action, Blue Star Exploration Corp now owns 194,821,429 shares of Comstock Resources, Inc., valued at $100,450,000 using the latest closing price.
Stock Fundamentals for CRK
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.07 for the gross margin
The net margin for Comstock Resources, Inc. stands at 0.04. The total capital return value is set at 0.01. Equity return is now at value 2.52, with 1.01 for asset returns.
Based on Comstock Resources, Inc. (CRK), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 0.36.
Currently, EBITDA for the company is 834.38 million with net debt to EBITDA at 3.83. When we switch over and look at the enterprise to sales, we see a ratio of 4.13. The receivables turnover for the company is 10.01for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In a nutshell, Comstock Resources, Inc. (CRK) has experienced a better performance in recent times. The stock has received mixed “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.
