The stock of CVR Energy Inc (CVI) has gone up by 0.40% for the week, with a -4.98% drop in the past month and a -24.67% drop in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are 2.79% for CVI. The simple moving average for the last 20 days is -0.29% for CVI stock, with a simple moving average of -18.09% for the last 200 days.
Is It Worth Investing in CVR Energy Inc (NYSE: CVI) Right Now?
CVR Energy Inc (NYSE: CVI) has a higher price-to-earnings ratio of 3.89x compared to its average ratio, The 36-month beta value for CVI is at 1.56. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CVI is 100.53M, and currently, shorts hold a 6.09% of that float. The average trading volume for CVI on July 25, 2024 was 1.03M shares.
CVI) stock’s latest price update
CVR Energy Inc (NYSE: CVI) has seen a rise in its stock price by 2.13 in relation to its previous close of 24.85. However, the company has experienced a 0.40% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-22 that CVR (CVI) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of CVI
Many brokerage firms have already submitted their reports for CVI stocks, with Mizuho repeating the rating for CVI by listing it as a “Neutral.” The predicted price for CVI in the upcoming period, according to Mizuho is $27 based on the research report published on July 17, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to CVI, setting the target price at $36 in the report published on March 09th of the previous year.
CVI Trading at -5.96% 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 -33.33% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -4.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.03% lower at present.
During the last 5 trading sessions, CVI rose by +0.40%, which changed the moving average for the period of 200-days by -17.49% in comparison to the 20-day moving average, which settled at $25.39. In addition, CVR Energy Inc saw -16.24% in overturn over a single year, with a tendency to cut further losses.
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
- 0.12 for the gross margin
The net margin for CVR Energy Inc stands at 0.07. The total capital return value is set at 0.3. Equity return is now at value 84.43, with 15.81 for asset returns.
Based on CVR Energy Inc (CVI), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 1.82. The interest coverage ratio of the stock is 16.65.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 34.87for trailing twelve months and the total asset turnover is 2.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, CVR Energy Inc (CVI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
