The stock of CNX Resources Corp (CNX) has gone up by 1.72% for the week, with a -5.45% drop in the past month and a 12.89% rise in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are 2.93% for CNX. The simple moving average for the past 20 days is 1.02% for CNX’s stock, with a 27.84% simple moving average for the past 200 days.
Is It Worth Investing in CNX Resources Corp (NYSE: CNX) Right Now?
CNX Resources Corp (NYSE: CNX) has a price-to-earnings ratio that is above its average at 11.74x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for CNX is 142.16M, and at present, short sellers hold a 19.79% of that float. On January 03, 2025, the average trading volume of CNX was 2.26M shares.
CNX) stock’s latest price update
The stock price of CNX Resources Corp (NYSE: CNX) has surged by 1.77 when compared to previous closing price of 36.67, but the company has seen a 1.72% gain in its stock price over the last five trading sessions. zacks.com reported 2025-01-02 that CNX Resources (CNX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of CNX
Many brokerage firms have already submitted their reports for CNX stocks, with Mizuho repeating the rating for CNX by listing it as a “Underperform.” The predicted price for CNX in the upcoming period, according to Mizuho is $38 based on the research report published on December 16, 2024 of the previous year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CNX reach a price target of $37, previously predicting the price at $31. The rating they have provided for CNX stocks is “Underweight” according to the report published on December 05th, 2024.
BofA Securities gave a rating of “Underperform” to CNX, setting the target price at $34 in the report published on October 28th of the previous year.
CNX Trading at -0.51% 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 -10.99% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -6.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.33% upper at present.
During the last 5 trading sessions, CNX rose by +1.72%, which changed the moving average for the period of 200-days by +76.37% in comparison to the 20-day moving average, which settled at $36.94. In addition, CNX Resources Corp saw 1.77% 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 LANIGAN BERNARD JR, who purchase 75,000 shares at the price of $26.81 back on Sep 09 ’24. After this action, LANIGAN BERNARD JR now owns 401,820 shares of CNX Resources Corp, valued at $2,010,750 using the latest closing price.
LANIGAN BERNARD JR, the Director of CNX Resources Corp, purchase 75,000 shares at $26.74 during a trade that took place back on Aug 20 ’24, which means that LANIGAN BERNARD JR is holding 326,820 shares at $2,005,500 based on the most recent closing price.
Stock Fundamentals for CNX
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.36 for the gross margin
The net margin for CNX Resources Corp stands at 0.4. The total capital return value is set at 0.04. Equity return is now at value 14.41, with 6.95 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 0.31. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 2.08.
Currently, EBITDA for the company is 2.8 billion with net debt to EBITDA at 1.81. When we switch over and look at the enterprise to sales, we see a ratio of 5.65. The receivables turnover for the company is 9.27for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.37.
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’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.
