CSX Corp. (NASDAQ:CSX) shares, rose in value, with the stock price up by 0.87% to the previous day’s close as strong demand from buyers drove the stock to $33.54.
Actively observing the price movement in the last trading, the stock closed the session at $33.25, falling within a range of $33.19 and $33.77. The value of beta (5-year monthly) was 1.189 whereas the PE ratio was 18.03 over 12-month period. Referring to stock’s 52-week performance, its high was $40.12, and the low was $29.26. On the whole, CSX has fluctuated by -2.84% over the past month.
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With the market capitalization of CSX Corp. currently standing at about $64.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.47, with its dividend yield at 1.40%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.62B, with a low estimate of 3.55B and a high estimate of 3.76B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.61B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CSX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.25, with the price of CSX currently trading nearly -1.48% and -1.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.23, while the 7-day volatility ratio is showing 1.58% which for the 30-day chart, stands at 1.92%. Furthermore, CSX Corp. (CSX)’s beta value is 1.19, and its average true range (ATR) is 0.70.
A comparison of CSX Corp. (CSX) with its peers suggests the former has fared considerably weaker in the market. CSX showed an intraday change of 0.87% in last session, and over the past year, it grew by 14.08%%.
Data on historical trading for CSX Corp. (NASDAQ:CSX) indicates that the trading volumes over the past 10 days have averaged 14.51 and over the past 3 months, they’ve averaged 11.28 million. According to company’s latest data on outstanding shares, there are 1.96 billion shares outstanding.
Nearly 0.15% of CSX Corp.’s shares belong to company insiders and institutional investors own 75.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.66 million shares as on 2024-10-15, resulting in a short ratio of 2.59. According to the data, the short interest in CSX Corp. (CSX) stood at 144.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 20.11 million. The stock has fallen by -3.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSX stock heading into the next quarter.
