California Resources Corporation (NYSE:CRC) shares, rose in value on Friday, January 03, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $51.94.
Actively observing the price movement in the last trading, the stock closed the session at $52.01, falling within a range of $51.47 and $52.4. The value of beta (5-year monthly) was 1.425 whereas the PE ratio was 8.18 over 12-month period. Referring to stock’s 52-week performance, its high was $60.41, and the low was $43.09. On the whole, CRC has fluctuated by -9.40% over the past month.
With the market capitalization of California Resources Corporation currently standing at about $4.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 2.69%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRC’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% Buy while long-term indicators on average have been pointing out that it is a 25% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.36, with the price of CRC currently trading nearly -1.72% and -5.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.90, while the 7-day volatility ratio is showing 3.08% which for the 30-day chart, stands at 3.44%. Furthermore, California Resources Corporation (CRC)’s beta value is 1.48, and its average true range (ATR) is 1.69.
A comparison of California Resources Corporation (CRC) with its peers suggests the former has fared considerably weaker in the market. CRC showed an intraday change of -0.13% in last session, and over the past year, it shrunk by -3.76%%.
Data on historical trading for California Resources Corporation (NYSE:CRC) indicates that the trading volumes over the past 10 days have averaged 0.89 and over the past 3 months, they’ve averaged 667.70K. According to company’s latest data on outstanding shares, there are 89.46 million shares outstanding.
Nearly 17.35% of California Resources Corporation’s shares belong to company insiders and institutional investors own 87.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.22 million shares as on 2024-12-13, resulting in a short ratio of 5.8. According to the data, the short interest in California Resources Corporation (CRC) stood at 446.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 3.31 million. The stock has risen by 0.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRC stock heading into the next quarter.
