Comstock Resources, Inc. [NYSE: CRK] closed the trading session at $9.71.
The stocks have a year to date performance of 9.72 percent and weekly performance of -4.80 percent. The stock has been moved at 12.51 percent over the last six months. The stock has performed 15.05 percent around the most recent 30 days and changed -17.29 percent over the most recent 3-months.
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If compared to the average trading volume of 3.43M shares, CRK reached to a volume of 2498998 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $10.17 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 3.27. 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.
Piper Sandler have made an estimate for Comstock Resources, Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 15, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 18, 2024, representing the official price target for Comstock Resources, Inc. stock.
The Average True Range (ATR) for Comstock Resources, Inc. is set at 0.53, with the Price to Sales ratio for CRK stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 0.07.
CRK stock trade performance evaluation
Comstock Resources, Inc. [CRK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.80. With this latest performance, CRK shares gained by 15.05% in over the last four-week period, additionally plugging by 12.51% over the last 6 months – not to mention a drop of -20.99% 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 42.50, with the RSI for the last a single of trading hit 38.01, and the three-weeks RSI is set at 44.64 for Comstock Resources, Inc. [CRK]. The present Moving Average for the last 50 days of trading for this stock 10.25, while it was recorded at 10.19 for the last single week of trading, and 9.59 for the last 200 days.
Comstock Resources, Inc. [CRK]: An insightful look at the core 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.
Earnings per share (EPS) analysis for Comstock Resources, Inc. [CRK] stock
With the latest financial reports released by the company, Comstock Resources, Inc. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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]: Institutional Ownership
There are presently around $35.44%, or 138.84%% of CRK stock, in the hands of institutional investors. The top three institutional holders of CRK stocks are: BLACKROCK INC. with ownership of 15.11 million shares, which is approximately 5.435%. KGH LTD, holding 12.12 million shares of the stock with an approximate value of $$125.86 million in CRK stocks shares; and KGH LTD, currently with $$121.41 million in CRK stock with ownership which is approximately 4.208%.
