CNX Resources Corp [NYSE: CNX] traded at a low on Thursday, posting a -3.08 loss after which it closed the day’ session at $34.03.
The results of the trading session contributed to over 3410290 shares changing hands. Over the past one week, the price volatility of CNX Resources Corp stands at 2.88% while the volatility over the past one month is 2.81%.
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The market cap for CNX stock reached $5.08 billion, with 154.38 million shares outstanding and 142.25 million shares in the current float. Compared to the average trading volume of 2.44M shares, CNX reached a trading volume of 3410290 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about CNX Resources Corp [CNX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNX shares is $30.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNX stock is a recommendation set at 3.79. 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.
BofA Securities have made an estimate for CNX Resources Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 28, 2024. While these analysts kept the previous recommendation, Truist dropped their target price from $38 to $34. The new note on the price target was released on October 28, 2024, representing the official price target for CNX Resources Corp stock. Previously, the target price had yet another raise to $25, while CapitalOne analysts kept a Equal Weight rating on CNX stock.
The Average True Range (ATR) for CNX Resources Corp is set at 1.01, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 3.60. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for CNX in the course of the last twelve months was 30.69 with Quick ratio for the last quarter at 0.36.
How has CNX stock performed recently?
CNX Resources Corp [CNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.52. With this latest performance, CNX shares gained by 2.93% in over the last four-week period, additionally plugging by 46.68% over the last 6 months – not to mention a rise of 56.68% 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 CNX stock in for the last two-week period is set at 49.91, with the RSI for the last a single of trading hit 42.06, and the three-weeks RSI is set at 54.37 for CNX Resources Corp [CNX]. The present Moving Average for the last 50 days of trading for this stock 31.51, while it was recorded at 35.19 for the last single week of trading, and 25.55 for the last 200 days.
CNX Resources Corp [CNX]: Deeper insight into the fundamentals
CNX Resources Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.36 and a Current Ratio set at 0.37.
Earnings analysis for CNX Resources Corp [CNX]
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 CNX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CNX Resources Corp go to 41.60%.
Insider trade positions for CNX Resources Corp [CNX]
There are presently around $119.25%, or 124.68%% of CNX stock, in the hands of institutional investors. The top three institutional holders of CNX stocks are: BLACKROCK INC. with ownership of 18.95 million shares, which is approximately 12.4168%. VANGUARD GROUP INC, holding 15.53 million shares of the stock with an approximate value of $$377.42 million in CNX stocks shares; and VANGUARD GROUP INC, currently with $$291.22 million in CNX stock with ownership which is approximately 7.853%.
