CNX Resources Corp [CNX] stock prices are down -0.18% to $38.36 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNX shares have gain 0.47% over the last week, with a monthly amount drifted -0.31%, 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 December 05, 2024, when JP Morgan downgraded its rating to a Underweight and also boosted its price target to $37 from $31. On October 28, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $34 on the stock. CapitalOne downgraded its rating to a Equal Weight but stick to its price target of $25 on October 14, 2024. Tudor Pickering Holt & Co. downgraded its rating to a Sell. Piper Sandler downgraded its rating to Underweight for this stock on August 15, 2024, and downed its price target to $20. In a note dated January 05, 2024, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $23.
The stock price of CNX Resources Corp [CNX] has been fluctuating between $19.07 and $41.93 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. CNX Resources Corp [NYSE: CNX] shares were valued at $38.36 at the most recent close of the market. An investor can expect a potential drop of -47.86% based on the average CNX price forecast.
Analyzing the CNX fundamentals
The CNX Resources Corp [NYSE:CNX] reported sales of 1.41B for trailing twelve months, representing a surge of 10.75%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.53%, and Net Profit Margin reading is 0.4%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.13 and Total Capital is 0.04. 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 37.86 points at the first support level, and at 37.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.95, and for the 2nd resistance point, it is at 39.54.
Ratios To Look Out For
It’s worth pointing out that CNX Resources Corp [NYSE:CNX]’s Current Ratio is 0.37. In addition, the Quick Ratio stands at 0.36 and the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 4.05, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 12.07.
Transactions by insiders
Recent insider trading involved LANIGAN BERNARD JR, Director, that happened on Sep 09 ’24 when 75000.0 shares were purchased. Director, LANIGAN BERNARD JR completed a deal on Aug 20 ’24 to buy 75000.0 shares. Meanwhile, EVP and General Counsel Bedard Timothy Scott bought 1226.0 shares on Feb 23 ’24.
