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The closing price of CNX Resources Corp (NYSE: CNX) was $34.73 for the day, up 1.52% from the previous closing price of $34.21. In other words, the price has increased by $1.52 from its previous closing price. On the day, 1.97 million shares were traded. CNX stock price reached its highest trading level at $34.835 during the session, while it also had its lowest trading level at $34.06.
Ratios:
Our analysis of CNX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1339.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.41. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.48.
On August 15, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $22 to $20.
BofA Securities Upgraded its Underperform to Neutral on January 05, 2024, while the target price for the stock was maintained at $23.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 09 ’24 when LANIGAN BERNARD JR bought 75,000 shares for $26.81 per share. The transaction valued at 2,010,750 led to the insider holds 401,820 shares of the business.
LANIGAN BERNARD JR bought 75,000 shares of CNX for $2,005,500 on Aug 20 ’24. The Director now owns 326,820 shares after completing the transaction at $26.74 per share. On Feb 23 ’24, another insider, Bedard Timothy Scott, who serves as the EVP and General Counsel of the company, bought 1,226 shares for $20.50 each. As a result, the insider paid 25,133 and bolstered with 1,226 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNX now has a Market Capitalization of 5252113920 and an Enterprise Value of 7581041152. As of this moment, CNX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.91, and their Forward P/E ratio for the next fiscal year is 18.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.81 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 5.67 whereas that against EBITDA is 5.979.
Stock Price History:
Over the past 52 weeks, CNX has reached a high of $34.72, while it has fallen to a 52-week low of $19.07. The 50-Day Moving Average of the stock is 21.13%, while the 200-Day Moving Average is calculated to be 42.32%.
Shares Statistics:
CNX traded an average of 2.60M shares per day over the past three months and 2312140 shares per day over the past ten days. A total of 154.38M shares are outstanding, with a floating share count of 144.11M. Insiders hold about 4.70% of the company’s shares, while institutions hold 112.17% stake in the company. Shares short for CNX as of 1727654400 were 31739162 with a Short Ratio of 12.22, compared to 1724976000 on 31402169. Therefore, it implies a Short% of Shares Outstanding of 31739162 and a Short% of Float of 28.71.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.12.
