For the readers interested in the stock health of CSX Corporation (CSX). It is currently valued at $82.45. When the transactions were called off in the previous session, Stock hit the highs of $80.08, after setting-off with the price of $79.20. Company’s stock value dipped to $78.63 during the trading on the day. When the trading was stopped its value was $78.72.
Recently in News on October 21, 2020, CSX Corp. Announces Third Quarter 2020 Financial Results, Authorizes Additional $5 Billion Share Buyback. CSX Corp. (NASDAQ: CSX) today announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic activity resulting from the COVID-19 pandemic, CSX’s operating ratio of 56.9 percent remained in line with the prior year’s record results. You can read further details here
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CSX Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $84.81 on 10/22/20, with the lowest value was $46.81 for the same time period, recorded on 03/23/20.
CSX Corporation (CSX) full year performance was 8.89%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CSX Corporation shares are logging 1.28% during the 52-week period from high price, and 76.13% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $46.81 and $81.40.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2919701 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the CSX Corporation (CSX) recorded performance in the market was 8.79%, having the revenues showcasing 10.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 60.92B, as it employees total of 19000 workers.
Analysts verdict on CSX Corporation (CSX)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 74.09, with a change in the price was noted +9.95. In a similar fashion, CSX Corporation posted a movement of +13.78% for the period of last 100 days, recording 3,718,567 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CSX is recording 1.36 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.33.
CSX Corporation (CSX): Technical Analysis
Raw Stochastic average of CSX Corporation in the period of last 50 days is set at 76.82%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 68.62%. In the last 20 days, the company’s Stochastic %K was 68.12% and its Stochastic %D was recorded 69.15%.
Let’s take a glance in the erstwhile performances of CSX Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 8.79%. Additionally, trading for the stock in the period of the last six months notably improved by 28.06%, alongside a boost of 8.89% for the period of the last 12 months. The shares increased approximately by -2.17% in the 7-day charts and went down by 1.01% in the period of the last 30 days. Common stock shares were driven by 10.05% during last recorded quarter.