Comstock Resources, Inc [CRK] stock prices are up 9.87% to $20.81 at the moment. 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 12.98% over the last week, with a monthly amount drifted -2.62%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Comstock Resources, Inc [NYSE: CRK] stock has seen the most recent analyst activity on January 10, 2025, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $18. Previously, Mizuho upgraded its rating to Neutral on December 16, 2024, and elevated its price target to $18. On October 28, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $14 on the stock. Siebert Williams Shank downgraded its rating to a Sell but stick to its price target of $9 on October 15, 2024. Piper Sandler downgraded its rating to a Underweight and reduced its price target to $5 on August 15, 2024. In a note dated May 15, 2024, CapitalOne downgraded an Equal Weight rating on this stock.
The stock price of Comstock Resources, Inc [CRK] has been fluctuating between $7.46 and $22.06 over the past year. Currently, Wall Street analysts expect the stock to reach $10.5 within the next 12 months. Comstock Resources, Inc [NYSE: CRK] shares were valued at $20.81 at the most recent close of the market. An investor can expect a potential drop of -49.54% based on the average CRK price forecast.
Analyzing the CRK fundamentals
The Comstock Resources, Inc [NYSE:CRK] reported sales of 1.21B for trailing twelve months, representing a drop of -21.60%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.17 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
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 19.85 points at the first support level, and at 18.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.38, and for the 2nd resistance point, it is at 21.96.
Ratios To Look Out For
It’s worth pointing out that Comstock Resources, Inc [NYSE:CRK]’s Current Ratio is 0.46. As well, the Quick Ratio is 0.60, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 5.04, the price to book ratio is 2.65.
Transactions by insiders
Recent insider trading involved Davis Elizabeth B, Director, that happened on Dec 30 ’24 when 8000.0 shares were sold. Director, Davis Elizabeth B completed a deal on Dec 27 ’24 to sell 10000.0 shares. Meanwhile, Director Davis Elizabeth B sold 6149.0 shares on Dec 24 ’24.
