CNX Resources Corp (CNX) concluded trading on Thursday at a closing price of $38.44, with 4.12 million shares of worth about $158.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.32% during that period and on November 14, 2024 the price saw a loss of about -0.54%. Currently the company’s common shares owned by public are about 154.38M shares, out of which, 142.16M shares are available for trading.
Stock saw a price change of 1.69% in past 5 days and over the past one month there was a price change of 8.71%. Year-to-date (YTD), CNX shares are showing a performance of 92.20% which increased to 80.72% 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 $40.08 during that period. The average intraday trading volume for CNX Resources Corp shares is 2.41 million. The stock is currently trading 5.58% above its 20-day simple moving average (SMA20), while that difference is up 14.85% for SMA50 and it goes to 45.60% 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 115.17% of that.
The stock has a current market capitalization of $5.74B and its 3Y-monthly beta is at 1.42. PE ratio of stock for trailing 12 months is 12.09, while it has posted earnings per share of $3.18 in the same period. Its PEG reads 0.90 and has Quick Ratio of 0.36 while making debt-to-equity ratio of 0.56. 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 3.50% while standing at 3.10% over the month.
Stock’s fiscal year EPS is expected to drop by -16.76% while it is estimated to increase by 14.56% in next year. EPS is likely to shrink at an annualized rate of 13.51% 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 BofA Securities on October 28, 2024 offering an Underperform rating for the stock and assigned a target price of $34 to it. Coverage by Truist stated CNX Resources Corp (CNX) stock as a Hold in their note to investors on October 28, 2024, suggesting a price target of $34 for the stock. Stock get an Underweight rating from Piper Sandler on August 15, 2024.
