Comstock Resources Inc. (NYSE:CRK) saw a downside of -2.00% to close Tuesday at $12.76 after subtracting -$0.26 on the day. The 5-day average trading volume is 2,756,540 shares of the company’s common stock. It has gained $13.22 in the past week and touched a new high 1 time within the past 5 days. An average of 3,317,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,511,704.
CRK’s 1-month performance is -12.24% or -$1.82 on its low of $12.13 reached on 01/05/23. The company’s shares have touched a 52-week low of $6.88 and high of $22.11, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, CRK has lost -6.93% or -$0.95 and has reached a new high 3 times. However, the current price is down -42.29% from the 52-week high price.
CRK stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.05 while the price-to-book (PB) in the most recent quarter is 1.83, with the price to cash flow ratio at 6.94.
Comstock Resources Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.40, while the total debt to equity was 1.40.. In terms of profitability, the gross margin trailing 12 months is 81.20%. The firm’s gross profit as reported stood at $900.77 million against revenue of $1.85 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 183.35% to $351.19 million, while revenue of $372.53 million was -6.08% off the previous quarter. Analysts expected CRK to announce $0.95 per share in earnings in its latest quarter, but it posted $1, representing a 5.30% surprise. EBITDA for the quarter stood at more than $901.59 million. CRK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.96 billion, with total debt at $2.62 billion. Shareholders hold equity totaling $233.76 million.
Let’s look briefly at Comstock Resources Inc. (CRK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 43.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.63%.
The stock’s 5-day moving average is $12.73, reflecting a -2.30% or -$0.30 change from its current price. CRK is currently trading -8.73% above its 20-day SMA, -32.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.40% and SMA200 by-8.99%.
Stochastic %K and %D was 43.74% and 36.79% and the average true range (ATR) pointed at 0.64. The RSI (14) points at 41.35%, while the 14-day stochastic is at 40.91% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.07 on the 14-day charts.
In the most recent analyst report for Comstock Resources Inc. (NYSE: CRK), Mizuho downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for CRK stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate CRK as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.