CVR Energy Inc. (NYSE:CVI) currently has a daily average trading volume of 1.19M but it saw 1182426 shares traded on Wednesday. With a market cap of 2.52B USD, stock’s current market price of $24.83 came rising about 1.51 while comparing to the previous closing price of $24.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.26 and as low as $23.02. In the recent trading on the day, stock has struck highest price mark of $25.28 while lowest mark touched by it was $24.29.
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Taking a look at 20-day trading activity of CVR Energy Inc. (CVI) gives us an average price of $25.00, while its current price level is -39.82% below from 52-week high level whereas it is 7.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $28.03 while that of 200 days or SMA-200 reads an average of $32.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.05% during that period while stretching the period over a month that increases to 4.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.59 which implies that the stock is in neutral territory.
CVR Energy Inc. (CVI)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $29.00 and $36.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $29.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $36.00. Average price target assigned by them is $31.80 which highlights an upside potential of 21.92% for the stock over that period. And to attain the median price target of $31.00 assigned by those analysts, stock has to add about 19.9% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Underweight for the stock and that issued by Wall Street to investors is Hold.
Over the week, CVI’s stock price is moving 0.89% up while it is -5.88% when we observe its performance for the past one month. Year-to-date it is -20.77% down and over the past year, the stock is showing a downside performance of -13.12%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $1.44 beat the consensus estimate of $1.04 for the same. The company is expected to be releasing its next quarterly report in 07/31/2023, for which analysts forecasted an EPS of $1.07 while estimate for next year EPS is $3.73. For CVI, analysts are forecasting an EPS-growth rate of -38.20% for current year and estimate for EPS growth in next year is -46.40%. In next quarter, company is expected to be making quarterly sales of $2.38 billion as analysts are expecting the sales for current fiscal year at $9.49 billion and seeing the company making $8.22 billion in sales next year. Moreover, analysts are in estimates of $2.4 billion for current-quarter revenue.
Currently, CVR Energy Inc.’s total number of outstanding shares is 100.50M with 0.00% of that held by the insiders while 97.18% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 34.30% and return on equity (ROE) at 89.20%. It has a price to earnings ratio (P/E ratio) of 4.42 while having a 13.35 of forward P/E ratio. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 3.69 while price to sale or P/S ratio amounts to 0.23. Its return on asset (ROA) is 13.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.16% in the CVR Energy Inc. (CVI) decreasing its stake to 2.11% with control over 3400.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF sought 2,118,657 of company’s common stock of worth $55.81 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in CVR Energy Inc., as SPDR S&P Oil & Gas Exploration & picked 1,321,911 shares of worth $34.82 million to bring its holdings to a total of 24270.0 shares.
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