Comstock Resources, Inc. [NYSE: CRK] price surged by 3.69 percent to reach at $0.3.
The one-year CRK stock forecast points to a potential upside of 19.62. The average equity rating for CRK stock is currently 3.13, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Comstock Resources, Inc. [CRK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRK shares is $10.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRK stock is a recommendation set at 3.13. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Comstock Resources, Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 18, 2024. The new note on the price target was released on May 15, 2024, representing the official price target for Comstock Resources, Inc. stock.
The Average True Range (ATR) for Comstock Resources, Inc. is set at 0.47, with the Price to Sales ratio for CRK stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 0.07.
CRK Stock Performance Analysis:
Comstock Resources, Inc. [CRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.34. With this latest performance, CRK shares dropped by -20.00% in over the last four-week period, additionally plugging by 13.29% over the last 6 months – not to mention a drop of -30.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRK stock in for the last two-week period is set at 30.48, with the RSI for the last a single of trading hit 27.36, and the three-weeks RSI is set at 33.78 for Comstock Resources, Inc. [CRK]. The present Moving Average for the last 50 days of trading for this stock 10.66, while it was recorded at 8.69 for the last single week of trading, and 9.75 for the last 200 days.
Insight into Comstock Resources, Inc. Fundamentals:
Comstock Resources, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.59.
CRK Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Comstock Resources, Inc. go to 20.00%.
Comstock Resources, Inc. [CRK] Institutonal Ownership Details
The top three institutional holders of CRK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CRK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CRK stock with ownership which is approximately 5.1238%.
