Can Comstock Resources, Inc (CRK) stock recover despite sales dropping?

The price of Comstock Resources, Inc (NYSE:CRK) shares last traded on Wall Street rose 7.02% to $25.62.

CRK stock price is now 18.99% away from the 50-day moving average and 51.04% away from the 200-day moving average. The market capitalization of the company currently stands at $7.50B.

With the price target of $19, UBS recently initiated with Neutral rating for Comstock Resources, Inc (NYSE: CRK). On January 10, 2025, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $18, while ‘Mizuho’ rates the stock as ‘Neutral’

In other news, Davis Elizabeth B, Director sold 8,000 shares of the company’s stock on Dec 30 ’24. The stock was sold for $145,360 at an average price of $18.17. Upon completion of the transaction, the Director now directly owns 99,632 shares in the company, valued at $2.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27 ’24, Director Davis Elizabeth B sold 10,000 shares of the business’s stock. A total of $169,800 was realized by selling the stock at an average price of $16.98. This leaves the insider owning 107,632 shares of the company worth $2.76 million. A total of 73.34% of the company’s stock is owned by insiders.

During the past 12 months, Comstock Resources, Inc has had a low of $7.74 and a high of $25.05. As of last week, the company has a debt-to-equity ratio of 1.48, a current ratio of 0.40, and a quick ratio of 0.40.

The net profit margin was -23.41% and return on equity was -14.17% for CRK.

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