Market Update: Comstock Resources, Inc. (CRK) Sees Negative Movement, Closing at 9.47

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In the latest session, Comstock Resources, Inc. (NYSE: CRK) closed at $9.47 down -7.25% from its previous closing price of $10.21. In other words, the price has decreased by -$7.25 from its previous closing price. On the day, 6.76 million shares were traded. CRK stock price reached its highest trading level at $10.03 during the session, while it also had its lowest trading level at $9.425.

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 0.64 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.

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 Mar 25 ’24 when Blue Star Exploration Corp bought 12,500,000 shares for $8.04 per share. The transaction valued at 100,450,000 led to the insider holds 194,821,429 shares of the business.

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 2767152896 and an Enterprise Value of 5930465792. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 4.329 whereas that against EBITDA is 8.378.

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 -13.07%, while the 200-Day Moving Average is calculated to be -3.88%.

Shares Statistics:

For the past three months, CRK has traded an average of 3.02M shares per day and 3351240 over the past ten days. A total of 278.43M shares are outstanding, with a floating share count of 91.39M. Insiders hold about 68.72% of the company’s shares, while institutions hold 35.94% stake in the company. Shares short for CRK as of 1721001600 were 22285362 with a Short Ratio of 7.38, compared to 1718323200 on 26956909. Therefore, it implies a Short% of Shares Outstanding of 22285362 and a Short% of Float of 24.350001.

Dividends & Splits

According to the company, the forward annual dividend rate for CRK is 0.25, from 0.25 in the trailing year. Against a Trailing Annual Dividend Yield of 0.024485799

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