Comstock Resources, Inc. [CRK] stock is trading at $11.33, up 1.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRK shares have gain 3.85% over the last week, with a monthly amount glided 10.64%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Comstock Resources, Inc. [NYSE: CRK] stock has seen the most recent analyst activity on August 15, 2024, when Piper Sandler downgraded its rating to a Underweight and also revised its price target to $5 from $8. On May 15, 2024, downgrade downgraded it’s rating to Equal Weight. Pickering Energy Partners upgraded its rating to a Neutral. Mizuho downgraded its rating to a Underperform. Siebert Williams Shank started tracking with a Hold rating for this stock on December 19, 2023, and assigned it a price target of $10. In a note dated December 14, 2023, Johnson Rice downgraded an Hold rating on this stock.
Comstock Resources, Inc. [CRK] stock has fluctuated between $7.07 and $13.39 over the past year. Currently, Wall Street analysts expect the stock to reach $8.67 within the next 12 months. Comstock Resources, Inc. [NYSE: CRK] shares were valued at $11.33 at the most recent close of the market. An investor can expect a potential drop of -23.48% based on the average CRK price forecast.
Analyzing the CRK fundamentals
Comstock Resources, Inc. [NYSE:CRK] reported sales of 1.37B for the trailing twelve months, which represents a drop of -14.36%. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.25.
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 11.14 points at the first support level, and at 10.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.47, and for the 2nd resistance point, it is at 11.61.
Ratios To Look Out For
For context, Comstock Resources, Inc.’s Current Ratio is 0.59. As well, the Quick Ratio is 0.59, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 1.43.
Transactions by insiders
Recent insider trading involved Arkoma Drilling, L.P., 10% Owner, that happened on Aug 23 ’24 when 1.04 million shares were purchased. 10% Owner, Arkoma Drilling, L.P. completed a deal on Aug 26 ’24 to buy 0.59 million shares. Meanwhile, 10% Owner Arkoma Drilling, L.P. bought 80092.0 shares on Aug 27 ’24.
