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The price of Comstock Resources, Inc. (NYSE: CRK) closed at $10.02 in the last session, up 2.77% from day before closing price of $9.75. In other words, the price has increased by $2.77 from its previous closing price. On the day, 1.61 million shares were traded. CRK stock price reached its highest trading level at $10.08 during the session, while it also had its lowest trading level at $9.88.
Ratios:
We take a closer look at CRK’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2928455168 and an Enterprise Value of 5901386752. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 4.308 whereas that against EBITDA is 8.296.
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 -1.42%, while the 200-Day Moving Average is calculated to be 4.81%.
Shares Statistics:
According to the various share statistics, CRK traded on average about 3.47M shares per day over the past 3-months and 2389580 shares per day over the past 10 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 35.06% stake in the company. Shares short for CRK as of 1724976000 were 28375729 with a Short Ratio of 8.18, compared to 1722384000 on 21908788. Therefore, it implies a Short% of Shares Outstanding of 28375729 and a Short% of Float of 30.990000000000002.
Dividends & Splits
The forward annual dividend rate for CRK is 0.12, which was 0.25 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.025641026
