CSX Corp (NASDAQ:CSX) shares, rose in value, with the stock price up by 0.86% to the previous day’s close as strong demand from buyers drove the stock to $33.38.
Actively observing the price movement in the recent trading, the stock is buoying the session at $33.10, falling within a range of $33.175 and $33.485. The value of beta (5-year monthly) is 1.191 whereas the PE ratio is 18.63 over 12-month period. Referring to stock’s 52-week performance, its high was $40.12, and the low was $31.43. On the whole, CSX has fluctuated by 2.85% over the past month.
With the market capitalization of CSX Corp currently standing at about $64.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 1.44%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.71B, with a low estimate of 3.47B and a high estimate of 3.62B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.54B.
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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.09, with the price of CSX currently trading nearly 1.20% and 1.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.82, while the 7-day volatility ratio is showing 1.19% which for the 30-day chart, stands at 1.93%. Furthermore, CSX Corp (CSX)’s beta value is 1.25, and its average true range (ATR) is 0.59.
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 0.86% in today’s session so far, and over the past year, it shrunk by -8.81%%.
Data on historical trading for CSX Corp (NASDAQ:CSX) indicates that the trading volumes over the past 10 days have averaged 11.79 and over the past 3 months, they’ve averaged 12.48 million. According to company’s latest data on outstanding shares, there are 1.93 billion shares outstanding.
Nearly 0.18% of CSX Corp’s shares belong to company insiders and institutional investors own 76.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.55 million shares as on 2024-12-31, resulting in a short ratio of 2.96. According to the data, the short interest in CSX Corp (CSX) stood at 174.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 28.87 million. The stock has risen by 3.46% 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.
