CVR Energy Inc (CVI): Are Investors Missing The Big Picture?

CVR Energy Inc (NYSE:CVI) does about 972.76K shares in volume on a normal day but saw 892351 shares change hands in the recent trading day. The company now has a market cap of 2.46B USD. Its current market price is $24.52, marking a decrease of -2.70% compared to the previous close of $25.20. The 52 week high reached by this stock is $38.07 whilst the lowest price level in 52 weeks is $25.18. The script in recent trading has seen the stock touch a high of $29 and a low of $29.

CVR Energy Inc (CVI) has a 20-day trading average at $26.55 and the current price is -35.59% off the 52-week high compared with -2.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $28.09 and its 200-day simple moving average is $31.62. If we look at the stock’s price movements over the week, volatility stands at 3.02%, which decreases to 2.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 23.95 to suggest the stock is oversold.

The consensus objective for the share price is $28.35, suggesting that the stock has a potential upside of 13.51% over the period. The median price target is 15.45% away from the current levels at $29.

1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Sell the stock.

CVR Energy Inc (CVI) stock is down -6.94% over the week and -8.44% over the past month. Its price is -19.08% year-to-date and -14.57% over the past year.

Its 12-month price target is $29. To reach the target analysts have set, the stock logically needs to grow 13.51 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $29, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $29.

The company has a return on investment of 26.59% and return on equity of 84.43%. The price to earnings ratio (P/E ratio) amounts to 3.76 while the forward price to earnings ratio is 11.88. The beta has a value of 1.55. Price to book ratio is 2.80 and price to sales ratio is 0.28.