Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Comstock Resources, Inc (NYSE: CRK) closed at $20.24 up 1.61% from its previous closing price of $19.92. In other words, the price has increased by $1.61 from its previous closing price. On the day, 2.29 million shares were traded. CRK stock price reached its highest trading level at $20.5835 during the session, while it also had its lowest trading level at $19.92.
Ratios:
For a deeper understanding of Comstock Resources, Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.46. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on January 10, 2025, initiated with a Equal-Weight rating and assigned the stock a target price of $18.
On December 16, 2024, Mizuho Upgraded its rating to Neutral which previously was Underperform and also upped its target price recommendation from $10 to $18.
On October 28, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $14.BofA Securities initiated its Buy rating on October 28, 2024, with a $14 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 30 ’24 when Davis Elizabeth B sold 8,000 shares for $18.17 per share. The transaction valued at 145,360 led to the insider holds 99,632 shares of the business.
Davis Elizabeth B sold 10,000 shares of CRK for $169,800 on Dec 27 ’24. The Director now owns 107,632 shares after completing the transaction at $16.98 per share. On Dec 24 ’24, another insider, Davis Elizabeth B, who serves as the Director of the company, sold 6,149 shares for $16.97 each. As a result, the insider received 104,334 and left with 117,632 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, CRK now has a Market Capitalization of 5928680448 and an Enterprise Value of 9040159744. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.92 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 7.206 whereas that against EBITDA is 14.423.
Stock Price History:
The Beta on a monthly basis for CRK is 0.44, which has changed by 1.2844243 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, CRK has reached a high of $22.06, while it has fallen to a 52-week low of $7.74. The 50-Day Moving Average of the stock is 5.85%, while the 200-Day Moving Average is calculated to be 45.40%.
Shares Statistics:
For the past three months, CRK has traded an average of 2.41M shares per day and 2037380 over the past ten days. A total of 292.26M shares are outstanding, with a floating share count of 78.24M. Insiders hold about 73.29% of the company’s shares, while institutions hold 31.01% stake in the company. Shares short for CRK as of 1740700800 were 22295235 with a Short Ratio of 9.25, compared to 1738281600 on 21414432. Therefore, it implies a Short% of Shares Outstanding of 22295235 and a Short% of Float of 24.169999999999998.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The current Payout Ratio is 65.42% for CRK, which recently paid a dividend on 2023-11-30 with an ex-dividend date of 1701302400. Stock splits for the company last occurred on 2016-08-01 when the company split stock in a 1:5 ratio.
