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CSX Stock on the Rise: A Promising Investment

PNC Stock

CSX Corp.’s stock has had a calm market performance. The 1-year high for the company’s stock was $40.12 on 02/23/24, and the lowest price during the same period was recorded at $29.03 on 10/27/23.

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 Corp.’s current trading price is -11.91% away from its 52-week high, while its distance from the 52-week low is 21.74%. The stock’s price range during this period has fluctuated between $29.03 and $40.12. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 15.16 million for the day, which was evidently higher than the average daily volume of 12.05 million over the last three months.

Financial Performance and Market Capitalization

CSX Corp. (CSX) has experienced a quarterly rise of 2.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 69.24B and boasts a workforce of 23000 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 35.55, with a change in price of +4.01. Similarly, CSX Corp. recorded 11,768,621 in trading volume during the last 100 days, posting a change of +12.80%.

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 1.57. Similarly, the long-term debt-to-equity ratio is also 1.52.

CSX Stock Stochastic Average

CSX Corp.’s raw stochastic average for the past 50 days is currently at 4.78%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 8.19%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 7.77% and 8.90%, respectively.

CSX Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 1.93% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 11.80%. Over the past 30 days, the price of CSX has leaped by -6.46%. And in the last five days, it has fallen by -2.64%.