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The closing price of Comstock Resources, Inc (NYSE: CRK) was $14.03 for the day, down -1.47% from the previous closing price of $14.24. In other words, the price has decreased by -$1.47 from its previous closing price. On the day, 2.01 million shares were traded. CRK stock price reached its highest trading level at $14.165 during the session, while it also had its lowest trading level at $13.8.
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 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.31.
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, BofA Securities on October 28, 2024, initiated with a Buy rating and assigned the stock a target price of $14.
On October 15, 2024, Siebert Williams Shank Downgraded its rating to Sell which previously was Hold but kept the price unchanged to $9.
Piper Sandler Downgraded its Neutral to Underweight on August 15, 2024, whereas the target price for the stock was revised from $8 to $5.
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 23 ’24 when Arkoma Drilling, L.P. bought 1,044,200 shares for $11.16 per share. The transaction valued at 11,657,658 led to the insider holds 207,627,746 shares of the business.
Arkoma Drilling, L.P. bought 592,246 shares of CRK for $6,836,473 on Aug 26 ’24. The 10% Owner now owns 208,219,992 shares after completing the transaction at $11.54 per share. On Aug 27 ’24, another insider, Arkoma Drilling, L.P., who serves as the 10% Owner of the company, bought 80,092 shares for $11.25 each. As a result, the insider paid 901,035 and bolstered with 208,300,084 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 4161789184 and an Enterprise Value of 7184608768. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 1.79. Its current Enterprise Value per Revenue stands at 5.537 whereas that against EBITDA is 10.852.
Stock Price History:
Over the past 52 weeks, CRK has reached a high of $14.28, while it has fallen to a 52-week low of $7.07. The 50-Day Moving Average of the stock is 23.73%, while the 200-Day Moving Average is calculated to be 38.28%.
Shares Statistics:
CRK traded an average of 2.61M shares per day over the past three months and 2711700 shares per day over the past ten days. A total of 278.43M shares are outstanding, with a floating share count of 77.94M. Insiders hold about 73.33% of the company’s shares, while institutions hold 34.74% stake in the company. Shares short for CRK as of 1728950400 were 24948062 with a Short Ratio of 9.77, compared to 1726185600 on 27183811. Therefore, it implies a Short% of Shares Outstanding of 24948062 and a Short% of Float of 27.24.
Dividends & Splits
With its trailing 12-month dividend rate of 0.125, CRK has a forward annual dividend rate of 0.12. Against a Trailing Annual Dividend Yield of 0.00877809
