CSX Corp (NASDAQ:CSX) shares, rose in value, with the stock price down by -0.78% to the previous day’s close as strong demand from buyers drove the stock to $30.68.
Actively observing the price movement in the recent trading, the stock is buoying the session at $30.92. The PE ratio was 17.12 over 12-month period. Referring to stock’s 52-week performance, its high was $38.51, and the low was $30.61. On the whole, CSX has fluctuated by -6.66% over the past month.
With the market capitalization of CSX Corp currently standing at about $58.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.49, with its dividend yield at 1.60%.
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 100% 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 PEG ratio is about 2.10, with the price of CSX currently trading nearly -5.07% and -5.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.35, while the 7-day volatility ratio is showing 2.27% which for the 30-day chart, stands at 1.72%. Furthermore, CSX Corp (CSX)’s beta value is 1.22, and its average true range (ATR) is 0.63.
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 -0.78% in today’s session so far, and over the past year, it shrunk by -20.06%%.
Data on historical trading for CSX Corp (NASDAQ:CSX) indicates that the trading volumes over the past 3 months, they’ve averaged 13.48 million. According to company’s latest data on outstanding shares, there are 1.89 billion shares outstanding.
Nearly 0.19% of CSX Corp’s shares belong to company insiders and institutional investors own 78.65% of the company’s shares. The stock has fallen by -4.93% 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.
