California Resources Corporation (NYSE:CRC) shares, rose in value on Friday, March 07, with the stock price up by 1.27% to the previous day’s close as strong demand from buyers drove the stock to $41.49.
Actively observing the price movement in the last trading, the stock closed the session at $40.97. The PE ratio was 10.09 over 12-month period. Referring to stock’s 52-week performance, its high was $60.41, and the low was $38.02. On the whole, CRC has fluctuated by -13.85% over the past month.
With the market capitalization of California Resources Corporation currently standing at about $3.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.08, with its dividend yield at 2.62%.
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 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.18, with the price of CRC currently trading nearly -8.33% and -15.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.95, while the 7-day volatility ratio is showing 7.16% which for the 30-day chart, stands at 3.80%. Furthermore, California Resources Corporation (CRC)’s beta value is 1.50, and its average true range (ATR) is 1.77.
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 1.27% in last session, and over the past year, it shrunk by -22.11%%.
Data on historical trading for California Resources Corporation (NYSE:CRC) indicates that the trading volumes over the past 3 months, they’ve averaged 766.62K. According to company’s latest data on outstanding shares, there are 91.10 million shares outstanding.
Nearly 17.65% of California Resources Corporation’s shares belong to company insiders and institutional investors own 87.45% of the company’s shares. The stock has fallen by -20.04% 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.
