Comstock Resources, Inc. (NYSE:CRK) shares, rose in value, with the stock price down by -2.78% to the previous day’s close as strong demand from buyers drove the stock to $12.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.43, falling within a range of $11.77 and $12.515. Referring to stock’s 52-week performance, its high was $13.39, and the low was $7.07. On the whole, CRK has fluctuated by 6.66% over the past month.
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With the market capitalization of Comstock Resources, Inc. currently standing at about $3.53 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.03%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.31B, with a low estimate of 350M and a high estimate of 442.64M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 401.92M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CRK currently trading nearly 2.23% and 9.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.32, while the 7-day volatility ratio is showing 4.02% which for the 30-day chart, stands at 3.20%. Furthermore, Comstock Resources, Inc. (CRK)’s beta value is 0.48, and its average true range (ATR) is 0.43.
A comparison of Comstock Resources, Inc. (CRK) with its peers suggests the former has fared considerably weaker in the market. CRK showed an intraday change of -2.78% in today’s session so far, and over the past year, it shrunk by -4.09%%.
Data on historical trading for Comstock Resources, Inc. (NYSE:CRK) indicates that the trading volumes over the past 10 days have averaged 1.53 and over the past 3 months, they’ve averaged 2.87 million. According to company’s latest data on outstanding shares, there are 278.43 million shares outstanding.
Nearly 73.33% of Comstock Resources, Inc.’s shares belong to company insiders and institutional investors own 34.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.95 million shares as on 2024-10-15, resulting in a short ratio of 10.87. According to the data, the short interest in Comstock Resources, Inc. (CRK) stood at 2724.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 27.18 million. The stock has risen by 36.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRK stock heading into the next quarter.
