Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. CNX Resources Corp’s current trading price is -31.70% away from its 52-week high, while its distance from the 52-week low is 40.05%. The stock’s price range during this period has varied between $20.45 and $41.93. The company, active in the Energy sector, saw a trading volume of around 3.33 million for the day, considerably higher average daily volume of 3.09 million observed over the last three months.
CNX Resources Corp’s stock has had a calm market performance. The 1-year high for the company’s stock was $41.93 on 11/25/24, and the lowest price during the same period was recorded at $20.45 on 02/28/24.
How Financial Performance Impacts Market Capitalization
CNX Resources Corp (CNX) has experienced a quarterly decline of -30.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.26B and boasts a workforce of 458 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 34.25, with a change in price of -4.42. Similarly, CNX Resources Corp recorded 2,856,634 in trading volume during the last 100 days, posting a change of -13.37%.
How CNX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CNX stands at 0.56. Similarly, the long-term debt-to-equity ratio is also 0.47.
CNX Stock Stochastic Average
As of today, the raw stochastic average of CNX Resources Corp over the past 50 days is 13.67%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 39.83%. Additionally, the Stochastic %K and %D values for the company were 63.95% and 69.35%, respectively, over the past 20 days.
CNX Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -21.90%.However, over the last six months, we can see a weaker performance of 3.73%. Over the last 30 days, the price of CNX has fallen by 3.06%. And in the last five days, it has fallen by -3.28%.
