CSX Corp. (NASDAQ:CSX) shares, rose in value, with the stock price down by -3.02% to the previous day’s close as strong demand from buyers drove the stock to $33.67.
Actively observing the price movement in the last trading, the stock closed the session at $34.72. The PE ratio was 18.50 over 12-month period. Referring to stock’s 52-week performance, its high was $40.12, and the low was $29.03. On the whole, CSX has fluctuated by -8.60% over the past month.
The company’s Forward Dividend Ratio is 0.45, with its dividend yield at 1.34%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CSX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.00, with the price of CSX currently trading nearly -5.50% and -8.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.01, while the 7-day volatility ratio is showing 2.02% which for the 30-day chart, stands at 1.71%. Furthermore, CSX Corp. (CSX)’s beta value is 1.18, and its average true range (ATR) is 0.65.
A comparison of CSX Corp. (CSX) with its peers suggests the former has fared considerably weaker in the market. CSX showed an intraday change of -3.02% in last session, and over the past year, it grew by 7.30%%.
Data on historical trading for CSX Corp. (NASDAQ:CSX) indicates that the trading volumes over the past 3 months, they’ve averaged 12.71 million. According to company’s latest data on outstanding shares, there are 1.96 billion shares outstanding.
Nearly 0.15% of CSX Corp.’s shares belong to company insiders and institutional investors own 75.34% of the company’s shares. The stock has fallen by -2.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSX stock heading into the next quarter.
