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CSX Corporation’s Banking’s 100-Day Moving Average at 31.93: Will the Stock Break Through?

CSX Corporation (CSX) currently has a stock price of $31.10. The stock saw a sharp increase in the last trading session, hitting a high of $31.25 after opening at $30.98. The lowest recorded price for the day was $30.73 before it closed at $30.85.

The market performance of CSX Corporation has been somewhat stable. Over the past year, the company’s stock achieved a high of $34.38 on 07/03/23, with the lowest value for the same timeframe being $25.80, recorded on 10/13/22.

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52-week price history of CSX Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. CSX Corporation’s current trading price is -9.54% away from its 52-week high, while its distance from the 52-week low is 20.54%. The stock’s price range during this period has fluctuated between $25.80 and $34.38. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 12.52 million for the day, which was evidently lower than the average daily volume of 13.11 million over the last three months.

Financial Performance and Market Capitalization

CSX Corporation (CSX) has experienced a quarterly decline of -6.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 62.78B and boasts a workforce of 22700 employees.

Analysts’ Ratings For CSX Corporation

As of right now, 15 analysts are rating CSX Corporation as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 11 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 31.93, with a change in price of +0.20. Similarly, CSX Corporation recorded 12,462,714 in trading volume during the last 100 days, posting a change of +0.65%.

CSX Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CSX stands at 1.46. Similarly, the long-term debt-to-equity ratio is also 1.46.

CSX Stock Stochastic Average

CSX Corporation’s raw stochastic average for the past 50 days is currently at 35.48%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 89.92%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 84.29% and 75.45%, respectively.

CSX Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 0.39%.However, over the last six months, we can see a weaker performance of 7.58%. Over the last 30 days, the price of CSX has fallen by 2.74%. And in the last five days, it has surged by 3.05%.

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