Crescent Energy Co (NYSE:CRGY) shares, rose in value, with the stock price down by -0.06% to the previous day’s close as strong demand from buyers drove the stock to $8.62.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.63. Referring to stock’s 52-week performance, its high was $16.94, and the low was $6.83. On the whole, CRGY has fluctuated by 0.76% over the past month.
With the market capitalization of Crescent Energy Co currently standing at about $2.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 5.57%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.58B, with a low estimate of 829M and a high estimate of 908.34M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 868.33M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRGY’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 price of CRGY currently trading nearly -1.06% and -5.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.90, while the 7-day volatility ratio is showing 1.21% which for the 30-day chart, stands at 3.04%. Furthermore, Crescent Energy Co (CRGY)’s beta value is 1.26, and its average true range (ATR) is 0.39.
A comparison of Crescent Energy Co (CRGY) with its peers suggests the former has fared considerably weaker in the market. CRGY showed an intraday change of -0.06% in today’s session so far, and over the past year, it shrunk by -30.27%%.
Data on historical trading for Crescent Energy Co (NYSE:CRGY) indicates that the trading volumes over the past 3 months, they’ve averaged 4.25 million. According to company’s latest data on outstanding shares, there are 194.97 million shares outstanding.
Nearly 24.75% of Crescent Energy Co’s shares belong to company insiders and institutional investors own 68.92% of the company’s shares. The stock has fallen by -40.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRGY stock heading into the next quarter.
