A share price of Comstock Resources, Inc [CRK] is currently trading at $14.24, up 7.88%. 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 22.86% over the last week, with a monthly amount glided 18.08%, 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 October 28, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $14. Previously, Siebert Williams Shank downgraded its rating to Sell on October 15, 2024, and kept the price target unchanged to $9. On August 15, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $5 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. CapitalOne downgraded its rating to a Equal Weight. Pickering Energy Partners upgraded its rating to Neutral for this stock on January 09, 2024. In a note dated January 03, 2024, Mizuho downgraded an Underperform rating on this stock.
Comstock Resources, Inc experienced fluctuations in its stock price throughout the past year between $7.07 and $13.41. 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 $14.24 at the most recent close of the market. An investor can expect a potential drop of -35.04% based on the average CRK price forecast.
Analyzing the CRK fundamentals
Trailing Twelve Months sales for Comstock Resources, Inc [NYSE:CRK] were 1.29B which represents -19.18% decline. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 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 1.3.
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 13.66 points at the first support level, and at 13.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.55, and for the 2nd resistance point, it is at 14.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Comstock Resources, Inc [NYSE:CRK] is 0.60. As well, the Quick Ratio is 0.60, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.25, the price to book ratio is 1.81.
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.
