As of Friday close, CNX Resources Corporation’s (NYSE:CNX) stock was up $0.16, moving up 0.76 percent to $21.09. The average number of shares traded per day over the past five days has been 4,916,860 shares. 5 times new highs have been achieved over the past 5 days, with a $1.16 gain in that time frame. In the last twenty days, the average volume was 3,448,880, while in the previous 50 days, it was 2,983,340.
Since last month, CNX stock rose 20.38%. Shares of the company fell to $17.27 on 07/06/23, the lowest level in the past month. A 52-week high of $21.12 was reached on 08/04/23 after having rallying from a 52-week low of $14.36. Since the beginning of this year, CNX’s stock price has risen by 25.24% or $4.25, and marked a new high 29 times. However, the stock has declined by -0.14% since its 52-week high.
CNX stock investors should be aware that CNX Resources Corporation (CNX) stock had its last reported insider trading activity 67 days ago on May 30. LANIGAN BERNARD JR, the Director of the company, purchased of 137,835 shares for $15.24 on May 30. It resulted in a $2,100,026 investment by the insider.
Valuation Metrics
Right now, CNX Resources Corporation (CNX) has a P/E ratio of about 2.59. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 0.93, the price-to-book (PB) ratio of 0.87, and the price-to-cash flow ratio of 6.83 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.
Financial Health
In the three months ended June 29, CNX Resources Corporation’s quick ratio stood at 0.50, while its current ratio was 0.60, 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 June 29 was 0.54, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 81.20% percent. In the year ended June 29, EBITDA margin amounted to 78.15%, whereas operating margins totaled 44.30%. 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 62.00%.
In CNX Resources Corporation’s quarter-end financial report for June 29, it reported total debt of $2.15 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNX’s revenue rose 49.93% to $1.28 billion during the quarter, while net income inched up to $839.7 million. While analysts expected CNX Resources Corporation to report $0.31 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by -3.20%. During the quarter, the company generated $674.07 million in EBITDA. The liabilities of CNX Resources Corporation were 4.55 billion at the end of its most recent quarter ended June 29, and its total debt was $2.34 billion. The value of shareholders’ equity is $161.47 million.
Technical Picture
This quick technical analysis looks at CNX Resources Corporation’s (CNX) price momentum. With a historical volatility rate of 33.63%, the RSI 9-day stood at 83.03% on 04 August.
With respect to its five-day moving average, the current CNX Resources Corporation price is up by +5.82% percent or $1.16. At present, CNX shares trade +19.56% above its 20-day simple moving average and +38.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.59% above its SMA50 and +19.83% above its SMA200.
Stochastic coefficient K was 91.34% and Stochastic coefficient D was 93.50%, while ATR was 0.66. Given the Stochastic reading of 92.88% for the 14-day period, the RSI (14) reading has been calculated as 80.16%. As of today, the MACD Oscillator reading stands at 0.86, while the 14-day reading stands at 1.40.
Analyst Ratings
Stephens launched its rating on CNX Resources Corporation (NYSE: CNX) to an Equal-weight in a note to investors on April 25, 2023. CNX Resources Corporation (CNX) has been rated Hold by analysts. According to 2 brokerage firms, CNX is a sell, and 9 firms recommend it is a Hold. There are 2 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 $19.00, the current consensus forecast for the stock is $16.00 – $27.00. Based on these forecasts, analysts predict CNX Resources Corporation (CNX) will achieve an average price target of $20.08.
