CNX Resources Corp [NYSE: CNX] price plunged by -7.49 percent to reach at -$2.48.
The one-year CNX stock forecast points to a potential upside of 4.76. The average equity rating for CNX stock is currently 4.07, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $32.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNX stock is a recommendation set at 4.07. 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.
Mizuho have made an estimate for CNX Resources Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on December 16, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $31 to $37. The new note on the price target was released on December 05, 2024, representing the official price target for CNX Resources Corp stock. Previously, the target price had yet another raise to $34, while BofA Securities analysts kept a Underperform rating on CNX stock. On October 28, 2024, analysts decreased their price target for CNX shares from 38 to 34.
The Average True Range (ATR) for CNX Resources Corp is set at 1.54, with the Price to Sales ratio for CNX stock in the period of the last 12 months amounting to 2.87. The Price to Book ratio for the last quarter was 1.07, 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 24.52 with Quick ratio for the last quarter at 0.36.
CNX Stock Performance Analysis:
CNX Resources Corp [CNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.33. With this latest performance, CNX shares dropped by -19.90% in over the last four-week period, additionally plugging by 21.78% over the last 6 months – not to mention a rise of 50.42% 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 25.23, with the RSI for the last a single of trading hit 18.92, and the three-weeks RSI is set at 31.08 for CNX Resources Corp [CNX]. The present Moving Average for the last 50 days of trading for this stock 37.36, while it was recorded at 34.96 for the last single week of trading, and 29.29 for the last 200 days.
Insight into CNX Resources Corp 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.
CNX 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 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 13.51%.
CNX Resources Corp [CNX] Institutonal Ownership Details
There are presently around $109.84%, or 114.84%% 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%.
