A share price of Comstock Resources, Inc. [CRK] is currently trading at $11.58, up 2.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.
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From an analyst’s perspective:
Comstock Resources, Inc. [NYSE: CRK] stock has seen the most recent analyst activity on October 15, 2024, when Siebert Williams Shank downgraded its rating to a Sell but kept the price target unchanged to $9 for it. Previously, Piper Sandler downgraded its rating to Underweight on August 15, 2024, and dropped its price target to $5. On July 18, 2024, Wolfe Research initiated with a Peer Perform rating. CapitalOne downgraded its rating to a Equal Weight. Pickering Energy Partners upgraded its rating to a Neutral. Mizuho downgraded its rating to Underperform for this stock on January 03, 2024. In a note dated December 19, 2023, Siebert Williams Shank initiated an Hold rating and provided a target price of $10 on this stock.
Comstock Resources, Inc. experienced fluctuations in its stock price throughout the past year between $7.07 and $13.39. Currently, Wall Street analysts expect the stock to reach $9.25 within the next 12 months. Comstock Resources, Inc. [NYSE: CRK] shares were valued at $11.58 at the most recent close of the market. An investor can expect a potential drop of -20.12% based on the average CRK price forecast.
Analyzing the CRK fundamentals
Trailing Twelve Months sales for Comstock Resources, Inc. [NYSE:CRK] were 1.37B which represents -14.36% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.25.
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 11.33 points at the first support level, and at 11.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.71, and for the 2nd resistance point, it is at 11.84.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Comstock Resources, Inc. [NYSE:CRK] is 0.59. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 1.46.
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.
