CVR Energy Inc. (NYSE:CVI) finished Wednesday with an addition of $1.09 to close at $37.68, an upside of 2.98 percent. An average of 1,408,800 shares of common stock have been traded in the last five days. There was a gain of $0.93 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,020,610 shares traded, while the 50-day average volume stands at 1,052,056.
CVI stock has increased by 19.13% in the last month. The company shares reached their 1-month lowest point of $30.21 on 07/14/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $22.60 and a high of $41.26 in 52 weeks. It has reached a new high 14 times so far this year and achieved 20.23% or $6.34 in price. In spite of this, the price is down -8.68% from the 52-week high.
Valuation Metrics
CVR Energy Inc. (CVI) has a trailing price-to-earnings (P/E) ratio of 7.14. The stock’s beta is 1.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.39, the price-to-book (PB) ratio at 5.02, and the price-to-cash flow ratio at 67.12.
The company has a payout ratio of 34.10%. The company’s most recent quarterly dividend payment was $1.00 a share, representing a up of 100.0% from $0.50 last year.
Financial Health
The quick ratio of CVR Energy Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.10 and a total debt to equity ratio of 2.11 for the quarter ending June 29. Its gross profit as reported stood at $1.4 billion compared to revenue of $10.9 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CVR Energy Inc.’s return on assets was 12.70%.
Earnings Surprise
For the three-month period that ended June 29, CVR Energy Inc. had $1.58 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $130.0 million in the quarter, while revenues were grew 27.69%. The analyst consensus anticipated CVR Energy Inc.’s latest quarter earnings to come in at $1.21 per share, but it turned out to be $1.65, a 36.40% surprise. For the quarter, EBITDA amounted to $297.0 million. Shareholders own equity worth $100.53 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CVR Energy Inc. (CVI) price momentum. RSI 9-day as of the close on 09 August was 75.42%, suggesting the stock is Overbought, with historical volatility in this time frame at 26.68%.
As of today, CVI’s price is $36.86 +2.53% or $0.93 from its 5-day moving average. CVI is currently trading +20.38% higher than its 20-day SMA and +26.95% higher than its 100-day SMA. However, the stock’s current price level is +57.39% above the SMA50 and -2.43% below the SMA200.
The stochastic %K and %D were 66.78% and 65.95%, respectively, and the average true range (ATR) was 1.27. With the 14-day stochastic at 73.63% and the average true range at 1.23, the RSI (14) stands at 75.09%. The stock has reached 0.37 on the 9-day MACD Oscillator while the 14-day reading was at 1.01.
Analyst Ratings
UBS launched coverage on CVR Energy Inc. (NYSE: CVI) in its analyst report released on March 09, 2023. The firm assigned the stock a Neutral rating.
