CNX Resources Corporation (NYSE:CNX) saw a downside of -1.77% to close Monday at $13.30 after subtracting -$0.24 on the day. The 5-day average trading volume is 2,954,840 shares of the company’s common stock. It has gained $13.80 in the past week. An average of 3,823,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,163,004.
CNX’s 1-month performance is 12.90% or $1.52 on its low of $11.42 reached on 09/21/21. The company’s shares have touched a 52-week low of $8.31 and high of $15.89, with the stock’s rally to the 52-week high happening on 03/29/21. YTD, CNX has achieved 23.15% or $2.50. However, the current price is down -16.27%% from the 52-week high price.
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CNX Resources Corporation (CNX) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 12.96 and a low of 2.516. CNX stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.13 while the price-to-book (PB) in the most recent quarter is 0.71, with the price to cash flow ratio at 7.25.
CNX Resources Corporation’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.40 meaning that CNX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.55. In terms of profitability, the gross margin trailing 12 months is 64.50%. The trailing 12-month EBITDA margin is 39.13% while for the period ending June 29; CNX Resources Corporation’s operating margin was 17.00%. The firm’s gross profit as reported stood at -$429.67 million against revenue of $1.26 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected CNX to announce $0.23 per share in earnings in its latest quarter, but it posted $0.18, representing a -21.70% surprise. EBITDA for the quarter stood at more than -$279.19 million. CNX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.94 billion, with total debt at $2.38 billion. Shareholders hold equity totaling $217.92 million
Let’s look briefly at CNX Resources Corporation (CNX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 65.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.79%.
The stock’s 5-day moving average is $13.14, reflecting a +3.42% or $0.44 change from its current price. CNX is currently trading +6.83% above its 20-day SMA, -4.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.92% and +12.71% respectively.
Stochastic %K and %D was 88.85% and 87.43% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 62.98%, while the 14-day stochastic is at 77.78% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at 0.42 and 0.70 on the 14-day charts.
In the most recent analyst report for CNX Resources Corporation (NYSE: CNX), BMO Capital Markets downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CNX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CNX as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is CNX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $28.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for CNX Resources Corporation (CNX) stock is $18.17.