In yesterday’s Wall Street session, CNX Resources Corp (NYSE:CNX) shares traded at $24.89, down -2.24% from the previous session.
CNX stock price is now -0.57% away from the 50-day moving average and 10.87% away from the 200-day moving average. The market capitalization of the company currently stands at $3.81B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $23, BofA Securities recently Upgraded its rating from Underperform to Neutral for CNX Resources Corp (NYSE: CNX). , while ‘Truist’ rates the stock as ‘Buy’
In other news, Bedard Timothy Scott, EVP and General Counsel sold 1,226 shares of the company’s stock on Feb 26 ’24. The stock was sold for $25,538 at an average price of $20.83. Upon completion of the transaction, the EVP and General Counsel now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, EVP and General Counsel Bedard Timothy Scott sold 1,226 shares of the business’s stock. A total of $25,538 was realized by selling the stock at an average price of $20.83. A total of 4.54% of the company’s stock is owned by insiders.
During the past 12 months, CNX Resources Corp has had a low of $18.17 and a high of $26.60. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 0.53, and a quick ratio of 0.51. According to the stock market information, the enterprise value for the company is $6217561088, which is based on a 4.53 price-to-earnings ratio, a 0.11 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for CNX is $25.0644 and a two-hundred day moving average price translates $22.4651 for the stock.
The latest earnings results from CNX Resources Corp (NYSE: CNX) was released for 2024-03-31. The net profit margin was 76.07% and return on equity was 26.43% for CNX. The company reported revenue of $384.55 million for the quarter, compared to $1.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -69.86 percent.
