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CNX Resources Corp (CNX) Stock Could Soon Reward Patient Investors

CNX Resources Corp (NYSE: CNX) is 20.00% higher on its value in year-to-date trading and has touched a low of $14.36 and a high of $24.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNX stock was last observed hovering at around $23.70 in the last trading session, with the day’s gains setting it 0.3%.

Currently trading at $24.00, the stock is 0.85% and 9.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.01 million and changing 1.27% at the moment leaves the stock 13.35% off its SMA200. CNX registered 50.00% gain for a year compared to 6-month loss of 3.18%.

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The stock witnessed a 7.10% gain in the last 1 month and extending the period to 3 months gives it a 21.15%, and is -1.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.30% over the week and 2.23% over the month.

CNX Resources Corp (CNX) has around 470 employees, a market worth around $3.68B and $1.50B in sales. Current P/E ratio is 2.65 and Fwd P/E is 12.45. Profit margin for the company is 115.97%. Distance from 52-week low is 67.13% and -3.30% from its 52-week high. The company has generated returns on investments over the last 12 months (27.50%).

The EPS is expected to shrink by -26.73% this year.

CNX Resources Corp (CNX) Top Institutional Holders

The shares outstanding are 154.38M, and float is at 146.73M with Short Float at 18.88%.

CNX Resources Corp (CNX) Insider Activity

The most recent transaction is an insider sale by Bedard Timothy Scott,the company’sEVP and General Counsel. SEC filings show that Bedard Timothy Scott sold 1,226 shares of the company’s common stock on Feb 26 ’24 at a price of $20.83 per share for a total of $25538.0. Following the sale, the insider now owns 0.0 shares.

CNX Resources Corp disclosed in a document filed with the SEC on Feb 26 ’24 that Bedard Timothy Scott (EVP and General Counsel) sold a total of 1,226 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $20.83 per share for $25538.0. Following the transaction, the insider now directly holds 0.0 shares of the CNX stock.

Still, SEC filings show that on Feb 23 ’24, Bedard Timothy Scott (EVP and General Counsel) acquired 1,226 shares at an average price of $20.50 for $25133.0. The insider now directly holds 1,226 shares of CNX Resources Corp (CNX).

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