The stock of CSX Corp (NASDAQ: CSX) has decreased by -0.08 when compared to last closing price of 36.58.Despite this, the company has seen a gain of 3.42% in its stock price over the last five trading days. accesswire.com reported 2024-12-01 that LOS ANGELES, CA / ACCESSWIRE / December 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CSX Corporation (“CSX” or “the Company”) (NASDAQ:CSX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Is It Worth Investing in CSX Corp (NASDAQ: CSX) Right Now?
The price-to-earnings ratio for CSX Corp (NASDAQ: CSX) is 19.65x, which is above its average ratio. Moreover, the 36-month beta value for CSX is 1.20. Analysts have varying opinions on the stock, with 13 analysts rating it as a “buy,” 5 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for CSX is 1.93B and currently, short sellers hold a 1.24% of that float. On December 02, 2024, CSX’s average trading volume was 11.64M shares.
CSX’s Market Performance
CSX’s stock has seen a 3.42% increase for the week, with a 8.97% rise in the past month and a 6.65% gain in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.92% for CSX Corp. The simple moving average for the past 20 days is 2.88% for CSX’s stock, with a 5.46% simple moving average for the past 200 days.
Analysts’ Opinion of CSX
Many brokerage firms have already submitted their reports for CSX stocks, with TD Cowen repeating the rating for CSX by listing it as a “Hold.” The predicted price for CSX in the upcoming period, according to TD Cowen is $35 based on the research report published on October 17, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CSX reach a price target of $42. The rating they have provided for CSX stocks is “Buy” according to the report published on October 09th, 2024.
CSX Trading at 5.43% from the 50-Day Moving Average
After a stumble in the market that brought CSX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.90% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +8.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.03% upper at present.
During the last 5 trading sessions, CSX rose by +3.42%, which changed the moving average for the period of 200-days by -1.22% in comparison to the 20-day moving average, which settled at $35.54. In addition, CSX Corp saw 5.42% 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 CSX starting from Goldman Nathan D, who sale 118,588 shares at the price of $35.39 back on Nov 18 ’24. After this action, Goldman Nathan D now owns 202,991 shares of CSX Corp, valued at $4,197,315 using the latest closing price.
Goldman Nathan D, the Officer of CSX Corp, proposed sale 118,588 shares at $35.40 during a trade that took place back on Nov 18 ’24, which means that Goldman Nathan D is holding shares at $4,198,010 based on the most recent closing price.
Stock Fundamentals for CSX
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.37 for the gross margin
The net margin for CSX Corp stands at 0.25. The total capital return value is set at 0.13. Equity return is now at value 29.23, with 8.56 for asset returns.
Based on CSX Corp (CSX), the company’s capital structure generated 0.59 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 1.43. The interest coverage ratio of the stock is 6.58.
Currently, EBITDA for the company is 7.34 billion with net debt to EBITDA at 2.43. When we switch over and look at the enterprise to sales, we see a ratio of 5.99. The receivables turnover for the company is 10.39for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
To wrap up, the performance of CSX Corp (CSX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
