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The price of CNX Resources Corp (NYSE: CNX) closed at $34.01 in the last session, up 2.87% from day before closing price of $33.06. In other words, the price has increased by $2.87 from its previous closing price. On the day, 1.96 million shares were traded. CNX stock price reached its highest trading level at $34.03 during the session, while it also had its lowest trading level at $32.81.
Ratios:
We take a closer look at CNX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1312.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.56. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.41. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.48.
On August 15, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $22 to $20.
BofA Securities Upgraded its Underperform to Neutral on January 05, 2024, while the target price for the stock was maintained at $23.
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 Sep 09 ’24 when LANIGAN BERNARD JR bought 75,000 shares for $26.81 per share. The transaction valued at 2,010,750 led to the insider holds 401,820 shares of the business.
LANIGAN BERNARD JR bought 75,000 shares of CNX for $2,005,500 on Aug 20 ’24. The Director now owns 326,820 shares after completing the transaction at $26.74 per share. On Feb 23 ’24, another insider, Bedard Timothy Scott, who serves as the EVP and General Counsel of the company, bought 1,226 shares for $20.50 each. As a result, the insider paid 25,133 and bolstered with 1,226 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, CNX now has a Market Capitalization of 5143230464 and an Enterprise Value of 7550795776. As of this moment, CNX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.66, and their Forward P/E ratio for the next fiscal year is 18.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.73 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 5.648 whereas that against EBITDA is 5.955.
Stock Price History:
Over the past 52 weeks, CNX has reached a high of $33.31, while it has fallen to a 52-week low of $19.07. The 50-Day Moving Average of the stock is 23.07%, while the 200-Day Moving Average is calculated to be 41.85%.
Shares Statistics:
According to the various share statistics, CNX traded on average about 2.61M shares per day over the past 3-months and 3013990 shares per day over the past 10 days. A total of 154.38M shares are outstanding, with a floating share count of 144.11M. Insiders hold about 4.70% of the company’s shares, while institutions hold 111.41% stake in the company. Shares short for CNX as of 1726185600 were 30720094 with a Short Ratio of 11.78, compared to 1723680000 on 31669615. Therefore, it implies a Short% of Shares Outstanding of 30720094 and a Short% of Float of 27.79.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.12.
