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The closing price of Comstock Resources, Inc. (NYSE: CRK) was $10.98 for the day, down -0.45% from the previous closing price of $11.03. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 3.49 million shares were traded. CRK stock price reached its highest trading level at $11.31 during the session, while it also had its lowest trading level at $10.93.
Ratios:
Our analysis of CRK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.59. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.25.
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 the company, Piper Sandler on August 15, 2024, Downgraded its rating to Underweight and sets its target price to $5 from $8 previously.
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 Aug 16 ’24 when Arkoma Drilling, L.P. bought 573,453 shares for $10.64 per share. The transaction valued at 6,101,253 led to the insider holds 203,450,946 shares of the business.
Arkoma Drilling, L.P. bought 981,898 shares of CRK for $10,391,819 on Aug 14 ’24. The 10% Owner now owns 201,895,595 shares after completing the transaction at $10.58 per share. On Aug 15 ’24, another insider, Arkoma Drilling, L.P., who serves as the 10% Owner of the company, bought 981,898 shares for $10.56 each. As a result, the insider paid 10,365,603 and bolstered with 202,877,493 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 3209025536 and an Enterprise Value of 6181957120. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 4.513 whereas that against EBITDA is 8.69.
Stock Price History:
Over the past 52 weeks, CRK has reached a high of $13.39, while it has fallen to a 52-week low of $7.07. The 50-Day Moving Average of the stock is 5.51%, while the 200-Day Moving Average is calculated to be 13.83%.
Shares Statistics:
CRK traded an average of 3.41M shares per day over the past three months and 4350290 shares per day over the past ten days. A total of 278.43M shares are outstanding, with a floating share count of 82.73M. Insiders hold about 71.69% of the company’s shares, while institutions hold 34.88% stake in the company. Shares short for CRK as of 1722384000 were 21908788 with a Short Ratio of 6.42, compared to 1719532800 on 23822449. Therefore, it implies a Short% of Shares Outstanding of 21908788 and a Short% of Float of 23.93.
Dividends & Splits
With its trailing 12-month dividend rate of 0.25, CRK has a forward annual dividend rate of 0.25. Against a Trailing Annual Dividend Yield of 0.022665458
