With 2.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.03 million shares. The 52-week range on CNX shows that it touched its highest point at $41.93 and its lowest point at $19.58 during that stretch. It currently has a 1-year price target of $30.43. Beta for the stock currently stands at 1.28.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNX was down-trending over the past week, with a drop of -0.77%, but this was down by -1.33% over a month. Three-month performance dropped to -22.47% while six-month performance rose 7.99%. The stock gained 48.50% in the past year, while it has lost -19.25% so far this year. A look at the trailing 12-month EPS for CNX yields -0.67 with Next year EPS estimates of 2.77. For the next quarter, that number is 0.62. This implies an EPS growth rate of 15.30% for this year and 28.30% for next year. EPS is expected to grow by 31.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.16%.
Float and Shares Shorts:
At present, 148.88 million CNX shares are outstanding with a float of 140.94 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNX since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.89256 being high and $1.36115 being low. For CNX, this leads to a yearly average estimate of $1.54761. Based on analyst estimates, the high estimate for the next quarter is $0.61 and the low estimate is $0.4. The average estimate for the next quarter is thus $0.49.
