CNX Resources Corp (NYSE: CNX) has a price-to-earnings ratio that is above its average at 8.69x. The stock has a 36-month beta value of 1.37. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for CNX is 144.35M, and at present, short sellers hold a 17.74% of that float. On July 29, 2024, the average trading volume of CNX was 2.62M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CNX) stock’s latest price update
CNX Resources Corp (NYSE: CNX)’s stock price has increased by 1.36 compared to its previous closing price of 25.01. However, the company has seen a -1.78% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-27 that CNX Resources missed analyst expectations on revenue and earnings, primarily due to very low natural gas prices. Natural gas prices have significantly impacted CNX Resources’ financial performance, leading to a net loss in the second quarter of 2024. The company has been buying back its own stock, but it does not appear to make much difference.
CNX’s Market Performance
CNX Resources Corp (CNX) has seen a -1.78% fall in stock performance for the week, with a 5.49% gain in the past month and a 5.89% surge in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are at 2.32% for CNX. The simple moving average for the last 20 days is 0.18% for CNX stock, with a simple moving average of 12.77% 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 1.02% 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 -4.70% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares surge +4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.80% upper at present.
During the last 5 trading sessions, CNX fell by -1.78%, which changed the moving average for the period of 200-days by +11.67% in comparison to the 20-day moving average, which settled at $25.36. In addition, CNX Resources Corp saw 26.75% 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:
- 0.12 for the present operating margin
- 0.27 for the gross margin
The net margin for CNX Resources Corp stands at 0.38. The total capital return value is set at 0.02. Equity return is now at value 13.31, with 6.39 for asset returns.
Based on CNX Resources Corp (CNX), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is 744.77 million with net debt to EBITDA at 3.87. When we switch over and look at the enterprise to sales, we see a ratio of 4.52. The receivables turnover for the company is 9.42for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
To sum up, CNX Resources Corp (CNX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
