CVR Energy Inc (NYSE:CVI) shares, rose in value on Friday, November 22, with the stock price N/A by 0.00% to the previous day’s close as strong demand from buyers drove the stock to $18.74.
Actively observing the price movement in the last trading, the stock closed the session at $18.74, falling within a range of $18.62 and $19.07. The value of beta (5-year monthly) was 1.525 whereas the PE ratio was 26.91 over 12-month period. Referring to stock’s 52-week performance, its high was $38.07, and the low was $15.60. On the whole, CVI has fluctuated by -21.72% over the past month.
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With the market capitalization of CVR Energy Inc currently standing at about $1.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 8.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.63B, with a low estimate of 1.58B and a high estimate of 2.13B. 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 100% 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 3.02% and -13.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.77, while the 7-day volatility ratio is showing 3.06% which for the 30-day chart, stands at 4.67%. Furthermore, CVR Energy Inc (CVI)’s beta value is 1.58, and its average true range (ATR) is 0.90.
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 0.00% in last session, and over the past year, it shrunk by -41.29%%.
Data on historical trading for CVR Energy Inc (NYSE:CVI) indicates that the trading volumes over the past 10 days have averaged 1.15 and over the past 3 months, they’ve averaged 1.47 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 103.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.77 million shares as on 2024-10-31, resulting in a short ratio of 3.89. According to the data, the short interest in CVR Energy Inc (CVI) stood at 1707.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.44 million. The stock has fallen by -38.15% 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.
