Comstock Resources, Inc (NYSE:CRK) price on Thursday, April 10, fall -5.89% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.05.
A look at the stock’s price movement, the close in the last trading session was $19.18, moving within a range at $17.59 and $18.72. The beta value (5-Year monthly) was 0.423. Turning to its 52-week performance, $22.06 and $7.74 were the 52-week high and 52-week low respectively. Overall, CRK moved -0.50% over the past month.
Comstock Resources, Inc’s market cap currently stands at around $5.29 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-17.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRK is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend CRK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CRK’s current price about -7.17% and -4.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.04, while 7-day volatility ratio is 14.02% and 7.11% in the 30-day chart. Further, Comstock Resources, Inc (CRK) has a beta value of 0.15, and an average true range (ATR) of 1.57. Analysts have given the company’s stock an average 52-week price target of $17.5, forecast between a low of $13 and high of $22. Looking at the price targets, the low is 27.98% off current price level while to achieve the yearly target high, price needs to move -21.88%. Nonetheless, investors will most likely welcome a 3.05% jump to $17.5 which is the analysts’ median price.
If we refocus on Comstock Resources, Inc (NYSE:CRK), historical trading data shows that trading volumes averaged 3.25 over the past 10 days and 2.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 292.26 million shares.
The 73.29% of Comstock Resources, Inc’s shares are in the hands of company insiders while institutional holders own 30.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.68 million on 2025-03-14, giving us a short ratio of 8.34. The data shows that as of 2025-03-14 short interest in Comstock Resources, Inc (CRK) stood at 2242.0 of shares outstanding, with shares short rising to 20.63 million registered in 2025-02-14. Current price change has pushed the stock -0.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRK stock continues to rise going into the next quarter.
