As of Friday close, CVR Energy Inc.’s (NYSE:CVI) stock was up $0.43, moving up 1.24 percent to $35.20. The average number of shares traded per day over the past five days has been 745,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.35 fall in that time frame. In the last twenty days, the average volume was 1,088,020, while in the previous 50 days, it was 1,000,362.
Since last month, CVI stock rose 8.44%. Shares of the company fell to $31.99 on 07/19/23, the lowest level in the past month. A 52-week high of $40.16 was reached on 08/01/23 after having rallying from a 52-week low of $22.00. Since the beginning of this year, CVI’s stock price has risen by 15.40% or $3.86, and marked a new high 14 times. However, the stock has declined by -12.35% since its 52-week high.
Valuation Metrics
Right now, CVR Energy Inc. (CVI) has a P/E ratio of about 6.67. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 0.37, the price-to-book (PB) ratio of 4.69, and the price-to-cash flow ratio of 6.03 may also be considered.
The latest dividend of $1.00 per share was paid out, which is 100.0% more than last year’s $0.50. On Monday July 31 2023, a $0.50 dividend increase was announced.
Financial Health
In the three months ended June 29, CVR Energy Inc.’s quick ratio stood at 0.90, while its current ratio was 1.30, 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 2.10, and the total debt-to-equity ratio was 2.11. On the profitability front, the trailing twelve-month gross margin is 10.70% percent. In the year ended June 29, EBITDA margin amounted to 12.09%, whereas operating margins totaled 9.00%. Based on annual data, CVI earned $1.4 billion in gross profit and brought in $10.9 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 34.30%. Return on equity (ROE) for the past 12 months was 84.10%.
In CVR Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $1.58 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CVI’s revenue fell -6.13% to $2.68 billion during the quarter, while net income inched up to $2.24 billion. While analysts expected CVR Energy Inc. to report $1.21 quarterly earnings, the actual figure was $1.65 per share, beating the consensus estimate by 36.40%. During the quarter, the company generated $297.0 million in EBITDA. The liabilities of CVR Energy Inc. were 3.24 billion at the end of its most recent quarter ended June 29, and its total debt was $1.63 billion. The value of shareholders’ equity is $100.53 million.
Technical Picture
This quick technical analysis looks at CVR Energy Inc.’s (CVI) price momentum. With a historical volatility rate of 27.25%, the RSI 9-day stood at 47.11% on 18 August.
With respect to its five-day moving average, the current CVR Energy Inc. price is down by -3.69% percent or -$1.35. At present, CVI shares trade +4.11% above its 20-day simple moving average and +12.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.26% above its SMA50 and -9.88% below its SMA200.
Stochastic coefficient K was 12.48% and Stochastic coefficient D was 13.20%, while ATR was 1.24. Given the Stochastic reading of 18.27% for the 14-day period, the RSI (14) reading has been calculated as 54.08%. As of today, the MACD Oscillator reading stands at -1.05, while the 14-day reading stands at -1.25.
Analyst Ratings
UBS launched its rating on CVR Energy Inc. (NYSE: CVI) to a Neutral in a note to investors on March 09, 2023. CVR Energy Inc. (CVI) has been rated Underweight by analysts. According to 2 brokerage firms, CVI is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate CVR Energy Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $28.00 – $34.00. Based on these forecasts, analysts predict CVR Energy Inc. (CVI) will achieve an average price target of $31.00.
