The stock of Comstock Resources, Inc. (CRK) has gone down by -0.35% for the week, with a 0.44% rise in the past month and a 12.51% rise in the past quarter. The volatility ratio for the week is 2.28%, and the volatility levels for the past 30 days are 3.09% for CRK. The simple moving average for the last 20 days is -1.88% for CRK’s stock, with a simple moving average of 15.06% for the last 200 days.
Is It Worth Investing in Comstock Resources, Inc. (NYSE: CRK) Right Now?
CRK has 36-month beta value of 0.48. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for CRK is 77.94M, and currently, short sellers hold a 32.29% ratio of that float. The average trading volume of CRK on October 23, 2024 was 3.01M shares.
CRK) stock’s latest price update
The stock price of Comstock Resources, Inc. (NYSE: CRK) has dropped by 0.00 compared to previous close of 11.33. Despite this, the company has seen a fall of -0.35% in its stock price over the last five trading days. zacks.com reported 2024-09-30 that Investors would be wise to focus on resilient stocks such as AR and CTRA. Meanwhile, it may be prudent to avoid more speculative options like CRK.
Analysts’ Opinion of CRK
Many brokerage firms have already submitted their reports for CRK stocks, with Siebert Williams Shank repeating the rating for CRK by listing it as a “Sell.” The predicted price for CRK in the upcoming period, according to Siebert Williams Shank is $9 based on the research report published on October 15, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see CRK reach a price target of $5, previously predicting the price at $8. The rating they have provided for CRK stocks is “Underweight” according to the report published on August 15th, 2024.
CRK Trading at 4.32% 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 -15.38% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares surge +1.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.96% upper at present.
During the last 5 trading sessions, CRK fell by -0.35%, which changed the moving average for the period of 200-days by +27.30% in comparison to the 20-day moving average, which settled at $11.55. In addition, Comstock Resources, Inc. saw 28.02% 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 Arkoma Drilling, L.P., who purchase 1,044,200 shares at the price of $11.16 back on Aug 23 ’24. After this action, Arkoma Drilling, L.P. now owns 207,627,746 shares of Comstock Resources, Inc., valued at $11,657,658 using the latest closing price.
Arkoma Drilling, L.P., the 10% Owner of Comstock Resources, Inc., purchase 592,246 shares at $11.54 during a trade that took place back on Aug 26 ’24, which means that Arkoma Drilling, L.P. is holding 208,219,992 shares at $6,836,473 based on the most recent closing price.
Stock Fundamentals for CRK
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.02 for the gross margin
The net margin for Comstock Resources, Inc. stands at -0.01. The total capital return value is set at -0.0. Equity return is now at value -0.86, with -0.33 for asset returns.
Based on Comstock Resources, Inc. (CRK), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is -0.06.
Currently, EBITDA for the company is 834.38 million with net debt to EBITDA at 4.14. When we switch over and look at the enterprise to sales, we see a ratio of 4.57. The receivables turnover for the company is 8.29for 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 0.59.
Conclusion
To put it simply, Comstock Resources, Inc. (CRK) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
