CVR Energy Inc (NYSE:CVI) shares, rose in value, with the stock price up by 0.65% to the previous day’s close as strong demand from buyers drove the stock to $24.79.
Actively observing the price movement in the last trading, the stock closed the session at $24.63, falling within a range of $24.43 and $24.985. The value of beta (5-year monthly) was 1.489 whereas the PE ratio was 4.55 over 12-month period. Referring to stock’s 52-week performance, its high was $38.07, and the low was $21.05. On the whole, CVI has fluctuated by 16.38% over the past month.
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With the market capitalization of CVR Energy Inc currently standing at about $2.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-28. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 8.07%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.72B, with a low estimate of 1.68B and a high estimate of 2.14B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.94B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CVI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CVI currently trading nearly 4.12% and 2.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.11, while the 7-day volatility ratio is showing 3.20% which for the 30-day chart, stands at 3.85%. Furthermore, CVR Energy Inc (CVI)’s beta value is 1.49, and its average true range (ATR) is 0.91.
A comparison of CVR Energy Inc (CVI) with its peers suggests the former has fared considerably weaker in the market. CVI showed an intraday change of 0.65% in last session, and over the past year, it shrunk by -18.85%%.
Data on historical trading for CVR Energy Inc (NYSE:CVI) indicates that the trading volumes over the past 10 days have averaged 1.01 and over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 100.53 million shares outstanding.
Nearly 0.00% of CVR Energy Inc’s shares belong to company insiders and institutional investors own 103.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.44 million shares as on 2024-09-30, resulting in a short ratio of 4.39. According to the data, the short interest in CVR Energy Inc (CVI) stood at 1902.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 4.91 million. The stock has fallen by -18.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVI stock heading into the next quarter.
