CNX Resources Corp (CNX) concluded trading on Thursday at a closing price of $27.39, with 2.68 million shares of worth about $73.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.38% during that period and on September 05, 2024 the price saw a gain of about 0.88%. Currently the company’s common shares owned by public are about 154.38M shares, out of which, 144.19M shares are available for trading.
However, the stock later moved at a day high price of 27.57, or with a gain of 0.88%. Stock saw a price change of -0.62% in past 5 days and over the past one month there was a price change of 12.16%. Year-to-date (YTD), CNX shares are showing a performance of 36.95% which increased to 23.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.07 but also hit the highest price of $28.23 during that period. The average intraday trading volume for CNX Resources Corp shares is 2.63 million. The stock is currently trading 2.00% above its 20-day simple moving average (SMA20), while that difference is up 5.72% for SMA50 and it goes to 18.64% higher than SMA200.
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CNX Resources Corp (NYSE: CNX) currently have 154.38M outstanding shares and institutions hold larger chunk of about 113.22% of that.
The stock has a current market capitalization of $4.14B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 9.39, while it has posted earnings per share of $2.92 in the same period. Its PEG reads 0.23 and has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNX, volatility over the week remained 2.10% while standing at 2.07% over the month.
Stock’s fiscal year EPS is expected to drop by -10.53% while it is estimated to increase by 13.23% in next year. EPS is likely to grow at an annualized rate of 41.60% for next 5-years, compared to annual growth of 19.28% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on August 15, 2024 offering an Underweight rating for the stock and assigned a target price range of between $22 and $20 to it. Coverage by BofA Securities stated CNX Resources Corp (CNX) stock as a Neutral in their note to investors on January 05, 2024, suggesting a price target of $23 for the stock. On January 03, 2024, Mizuho Upgrade their recommendations, while on December 04, 2023, Truist Upgrade their ratings for the stock with a price target of $27. Stock get a Sector underperform rating from Scotiabank on September 13, 2023.
