At the time of writing, CNX Resources Corp [CNX] stock is trading at $24.60, up 2.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNX shares have gain 1.28% over the last week, with a monthly amount drifted -6.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CNX Resources Corp [NYSE: CNX] stock has seen the most recent analyst activity on January 05, 2024, when BofA Securities upgraded its rating to a Neutral but kept the price target unchanged to $23 for it. Previously, Mizuho upgraded its rating to Neutral on January 03, 2024. On December 04, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $27 on the stock. Scotiabank downgraded its rating to a Sector Underperform. Stephens initiated its recommendation with a Equal-Weight and recommended $17 as its price target on April 25, 2023. Mizuho started tracking with a Underperform rating for this stock on January 10, 2023, and assigned it a price target of $19. In a note dated September 19, 2022, BofA Securities reiterated an Underperform rating on this stock and revised its target price from $25 to $23.
For the past year, the stock price of CNX Resources Corp fluctuated between $17.27 and $26.57. Currently, Wall Street analysts expect the stock to reach $28.5 within the next 12 months. CNX Resources Corp [NYSE: CNX] shares were valued at $24.60 at the most recent close of the market. An investor can expect a potential return of 15.85% based on the average CNX price forecast.
Analyzing the CNX fundamentals
According to CNX Resources Corp [NYSE:CNX], the company’s sales were 1.37B for trailing twelve months, which represents an -26.43% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.97%, and Net Profit Margin reading is 0.74%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.24 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.28 points at the first support level, and at 23.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.80, and for the 2nd resistance point, it is at 25.00.
Ratios To Look Out For
It is important to note that CNX Resources Corp [NYSE:CNX] has a current ratio of 0.53. On the other hand, the Quick Ratio is 0.51, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 2.75, the price to book ratio is 0.87 and price to earnings (TTM) ratio is 4.47.
Transactions by insiders
Recent insider trading involved Bedard Timothy Scott, EVP and General Counsel, that happened on Feb 26 ’24 when 1226.0 shares were sold. EVP and General Counsel, Bedard Timothy Scott completed a deal on Feb 26 ’24 to sell 1226.0 shares. Meanwhile, EVP and General Counsel Bedard Timothy Scott bought 1226.0 shares on Feb 23 ’24.
