CNX Resources Corp (NYSE:CNX) currently has a daily average trading volume of 2.61M but it saw 1962810 shares traded in last market. With a market cap of 5.14B USD, the company’s current market price of $34.01 came rising about 2.87 while comparing to the previous closing price of $33.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.31 and as low as $19.07. In the recent trading on the day, stock has struck highest price mark of $32.81 while lowest mark touched by it was $34.03.
Taking a look at 20-day trading activity of CNX Resources Corp (CNX) gives us an average price of $29.87, while its current price level is 2.10% below from 52-week high level whereas it is 78.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $27.82 while that of 200 days or SMA-200 reads an average of $24.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.40% during that period while stretching the period over a month that decreases to 2.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 78.82 which implies that the stock is in overbought territory.
Piper Sandler downgraded its recommendation for the stock as a “Underweight” from “Neutral” on August 15, 2024 while assigning a price target range of $22-$20. BofA Securities issued its recommendations for the stock as it upgraded the price target for the stock is $23.
Over the week, CNX’s stock price is moving 12.50% up while it is 25.27% when we observe its performance for the past one month. Year-to-date it is 70.05% up and over the past year, the stock is showing an upside performance of 55.30%.
Currently, CNX Resources Corp’s total number of outstanding shares is 154.38M. Company’s return on investment (ROI) stands at 8.72% and return on equity (ROE) at 13.31%. It has a price to earnings ratio (P/E ratio) of 11.66 while having a 18.41 of forward P/E ratio. Stock’s beta reads 1.38. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 3.73. Its return on asset (ROA) is 6.39% on average.
