How CSX Corporation (CSX) Works From A Technical Perspective

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CSX Corporation (NASDAQ:CSX) finished Thursday with a subtraction of -$0.57 to close at $28.57, a downside of -1.96 percent. An average of 23,076,080 shares of common stock have been traded in the last five days. There was a fall of -$1.60 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 16,919,199 shares traded, while the 50-day average volume stands at 15,327,562.

CSX stock has decreased by -15.05% in the last month. The company shares reached their 1-month lowest point of $28.51 on 09/22/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $27.59 and a high of $38.63 in 52 weeks. It has reached a new high 3 times so far this year and lost -24.02% or -$9.03 in price. In spite of this, the price is down -26.04% from the 52-week high.


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Insider Transactions

109 days have passed since CSX Corporation (CSX) last reported insider trading activity. ZILLMER JOHN J, who is Director, most recently acquired $16,000 shares at $32.25 per share on Jun 06. In this transaction, the insider spent $516,000. EVP & CLO, Goldman Nathan D, disposed of 57,793 shares at a price of $34.94 on Oct 22. The insider now owns more than $2,019,287 worth of shares. Prior to that, VP & Chief Accounting Officer Williams Angela C went on to Sale 38,535 shares at $35.44 each on Oct 21. An amount of $1,365,569 was transacted.

Valuation Metrics

CSX Corporation (CSX) has a trailing price-to-earnings (P/E) ratio of 15.96. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.49, the price-to-book (PB) ratio at 4.70, and the price-to-cash flow ratio at 24.69.

The company has a payout ratio of 21.50%. The company’s most recent quarterly dividend payment was $0.10 a share, without any change from last year. Its latest increase dividend $0.0070 reported on Wednesday February 16 2022.

Financial Health

The quick ratio of CSX Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.22 and a total debt to equity ratio of 1.23 for the quarter ending June 29. Its gross profit as reported stood at $9.11 billion compared to revenue of $12.52 billion.

Earnings Surprise

For the three-month period that ended June 29, CSX Corporation had $88.0 million in cash and short-term investments compared to $15.97 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.18 billion in the quarter, while revenues were grew 0.42%. The analyst consensus anticipated CSX Corporation’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.5, a 6.40% surprise. For the quarter, EBITDA amounted to $2.07 billion. Shareholders own equity worth $2.14 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CSX Corporation (CSX) price momentum. RSI 9-day as of the close on 22 September was 21.61%, suggesting the stock is oversold, with historical volatility in this time frame at 22.71%.

As of today, CSX’s price is $29.31 -5.30% or -$1.60 from its 5-day moving average. CSX is currently trading -15.02% lower than its 20-day SMA and -16.80% lower than its 100-day SMA. However, the stock’s current price level is +1.20% above the SMA50 and -22.28% below the SMA200.

The stochastic %K and %D were 7.17% and 13.20%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 1.36% and the average true range at 0.80, the RSI (14) stands at 27.49%. The stock has reached -1.20 on the 9-day MACD Oscillator while the 14-day reading was at -1.78.

Analyst Ratings

Bernstein downgraded CSX Corporation (NASDAQ: CSX) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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