Comstock Resources, Inc (NYSE:CRK) shares, rose in value on Thursday, March 27, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $19.83.
Actively observing the price movement in the last trading, the stock closed the session at $19.92, falling within a range of $19.34 and $19.99. The value of beta (5-year monthly) was 0.552. Referring to stock’s 52-week performance, its high was $22.06, and the low was $7.74. On the whole, CRK has fluctuated by 6.79% over the past month.
With the market capitalization of Comstock Resources, Inc currently standing at about $5.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-17.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CRK currently trading nearly 5.02% and 3.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.50, while the 7-day volatility ratio is showing 3.17% which for the 30-day chart, stands at 5.94%. Furthermore, Comstock Resources, Inc (CRK)’s beta value is 0.45, and its average true range (ATR) is 0.96.
A comparison of Comstock Resources, Inc (CRK) with its peers suggests the former has fared considerably weaker in the market. CRK showed an intraday change of -0.45% in last session, and over the past year, it grew by 131.39%%.
Data on historical trading for Comstock Resources, Inc (NYSE:CRK) indicates that the trading volumes over the past 10 days have averaged 1.91 and over the past 3 months, they’ve averaged 2.44 million. According to company’s latest data on outstanding shares, there are 292.26 million shares outstanding.
Nearly 73.29% of Comstock Resources, Inc’s shares belong to company insiders and institutional investors own 31.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.68 million shares as on 2025-03-14, resulting in a short ratio of 8.34. According to the data, the short interest in Comstock Resources, Inc (CRK) stood at 2242.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 20.63 million. The stock has risen by 8.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRK stock heading into the next quarter.
