CVR Energy Inc. (NYSE:CVI) saw a downside of -6.30% to $32.49 after subtracting -$2.19on Wednesday. The 5-day average trading volume is 808,751 shares of the company’s common stock. It has gained $35.74 in the past week and touched a new high 2 times within the past 5 days. An average of 1,106,618 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,005,261.
CVI’s 1-month performance is -4.26% or -$1.35 on its low of $31.84 reached on 08/23/23. The company’s shares have touched a 52-week low of $22.00 and high of $40.16, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, CVI has achieved 6.53% or $1.12 and has reached a new high 14 times. However, the current price is down -19.08% from the 52-week high price.
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Insider Transactions
CVI stock investors last saw insider trading activity on Aug 22.ICAHN CARL C (10% Owner) most recently sold 127,304 shares at $34.60 per share on Aug 22. This transaction cost the insider $4,404,718. 10% Owner, ICAHN CARL C, sold 120,243 shares at a price of $34.50 on Aug 21. Then, on Aug 18, 10% Owner ICAHN CARL C sold 149,261 shares at a price of $35.15 per share. This transaction amounted to $5,246,524.
Valuation Metrics
CVI stock has a beta of 1.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.33 while the price-to-book (PB) in the most recent quarter is 4.33, with the price to cash flow ratio at 5.37.
CVR Energy Inc.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.10, while the total debt to equity was 2.11. In terms of profitability, the gross margin trailing 12 months is 10.70%. The trailing 12-month EBITDA margin is 12.09% while for the period ending June 29, CVR Energy Inc.’s operating margin was 9.00%. The firm’s gross profit as reported stood at $1.4 billion against revenue of $10.9 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -26.92% to $130.0 million, while revenue of $195.0 million was -50.0% off the previous quarter. Analysts expected CVI to announce $1.21 per share in earnings in its latest quarter, but it posted $1.65, representing a 36.40% surprise. EBITDA for the quarter stood at more than $297.0 million. CVI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.24 billion, with total debt at $1.63 billion. Shareholders hold equity totaling $100.53 million.
Let’s look briefly at CVR Energy Inc. (CVI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 27.03% to suggest the stock is trending oversold, with historical volatility in this time period at 32.96%.
The stock’s 5-day moving average is $34.33, reflecting a -6.96% or -$2.43 change from its current price. CVI is currently trading -8.90% above its 20-day SMA, -0.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.68% and SMA200 by-15.45%.
Stochastic %K and %D was 9.87% and 11.50% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 37.60%, while the 14-day stochastic is at 9.13% with the period’s ATR at 1.34. The stock’s 9-day MACD Oscillator is pointing at -1.00 and -1.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CVR Energy Inc. (NYSE: CVI), UBS launched coverage with a Neutral rating. Analysts offering their rating for CVI stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate CVI as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is CVI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $28.00 and a high of $34.00, with their median price target at $32.00. Looking at these predictions, the average price target given by analysts is for CVR Energy Inc. (CVI) stock is $31.00.
