As of Friday close, CNX Resources Corporation’s (NYSE:CNX) stock was down -$0.12, moving down -0.80 percent to $14.92. The average number of shares traded per day over the past five days has been 5,285,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.22 fall in that time frame. In the last twenty days, the average volume was 3,865,630, while in the previous 50 days, it was 3,470,202.
Since last month, CNX stock retreated -7.04%. Shares of the company fell to $14.47 on 03/15/23, the lowest level in the past month. A 52-week high of $24.21 was reached on 02/02/23 after having rallying from a 52-week low of $14.47. Since the beginning of this year, CNX’s stock price has dropped by -11.40% or -$1.92, and marked a new high 6 times. However, the stock has declined by -38.37% since its 52-week high.
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The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 0.67, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 3.84 may also be considered.
The latest dividend of $0.5125 per share was paid out, which is 5025.0% more than last year’s $0.01. On Tuesday April 26 2016, a $0.5025 dividend increase was announced.
In the three months ended December 30, CNX Resources Corporation’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.75, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 82.60% percent. In the year ended December 30, operating margins totaled 67.00%. Based on annual data, CNX earned -$60.43 million in gross profit and brought in $1.26 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 51.20%. Return on equity (ROE) for the past 12 months was -5.70%.
In CNX Resources Corporation’s quarter-end financial report for December 30, it reported total debt of $2.21 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CNX’s revenue rose 78.93% to $117.06 million during the quarter, while net income inched up to $1.64 billion. While analysts expected CNX Resources Corporation to report $0.58 quarterly earnings, the actual figure was $1.64 per share, beating the consensus estimate by 182.80%. During the quarter, the company generated $1.41 billion in EBITDA. The liabilities of CNX Resources Corporation were 5.57 billion at the end of its most recent quarter ended December 30, and its total debt was $2.39 billion. The value of shareholders’ equity is $170.13 million.
This quick technical analysis looks at CNX Resources Corporation’s (CNX) price momentum. With a historical volatility rate of 26.11%, the RSI 9-day stood at 38.54% on 17 March.
With respect to its five-day moving average, the current CNX Resources Corporation price is down by -1.45% percent or -$0.22. At present, CNX shares trade -9.30% below its 20-day simple moving average and -15.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.80% below its SMA50 and -31.31% below its SMA200.
Stochastic coefficient K was 22.28% and Stochastic coefficient D was 24.49%, while ATR was 0.62. Given the Stochastic reading of 21.95% for the 14-day period, the RSI (14) reading has been calculated as 40.97%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.54.
Mizuho launched its rating on CNX Resources Corporation (NYSE: CNX) to an Underperform in a note to investors on January 10, 2023. CNX Resources Corporation (CNX) has been rated Hold by analysts. According to 2 brokerage firms, CNX is a sell, and 7 firms recommend it is a Hold. There are 3 analysts who say the stock is underweight. A total of 1 analyst rate CNX Resources Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $16.00 – $25.00. Based on these forecasts, analysts predict CNX Resources Corporation (CNX) will achieve an average price target of $19.82.