CVR Energy, Inc. (NYSE:CVI) has a beta value of 2.01 and has seen 639,223 shares traded in the last trading session. The company, currently valued at $1.19 Billion, closed the last trade at $11.85 per share which meant it lost -$0.81 on the day or -6.4% during that session. The CVI stock price is -308.69% off its 52-week high price of $48.43 and 2.53% above the 52-week low of $11.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 574.21 Million shares traded. The 3-month trading volume is 725.4 Million shares.
The consensus among analysts is that CVR Energy, Inc. (CVI) is an Underweight stock at the moment, with a recommendation rating of 3.3. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 7 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.49.
CVR Energy, Inc. (NYSE:CVI) trade information
Despite being -6.4% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 12 when the CVI stock price touched $13.18- or saw a rise of 10.09%. Year-to-date, CVR Energy, Inc. shares have moved -70.69%, while the 5-day performance has seen it change -10.09%. Over the past 30 days, the shares of CVR Energy, Inc. (NYSE:CVI) have changed -13.88%. Short interest in the company has seen 2.19 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $16.14, which means that the shares’ value could jump 36.2% from current levels. The projected low price target is $11.5 while the price target rests at a high of $22. In that case, then, we find that the current price level is +85.65% off the targeted high while a plunge would see the stock lose -2.95% from current levels.
CVR Energy, Inc. (CVI) estimates and forecasts
Figures show that CVR Energy, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -35.56% over the past 6 months, with this year growth rate of -146.3%, compared to 6.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -146.7% and -178% for the next quarter. Revenue growth from the last financial year stood is estimated to be -34.6%.
3 analysts offering their estimates for the company have set an average revenue estimate of $1.13 Billion for the current quarter. 3 have an estimated revenue figure of $1.23 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $1.62 Billion and $1.57 Billion respectively for this quarter and the next, and analysts expect sales will grow by -30.4% for the current quarter and -21.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +13.5% over the past 5 years. Earnings growth for 2020 is a modest +35%.
CVR Energy, Inc. (NYSE:CVI)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 94.88% with a share float percentage of 94.88%. Investors are also buoyed by the number of investors in a company, with CVR Energy, Inc. having a total of 321 institutions that hold shares in the company. The top two institutional holders are Icahn, Carl, C. with over 71.2 Million shares worth more than $1.43 Billion. As of June 29, 2020, Icahn, Carl, C. held 70.82% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 3.69 Million shares as of June 29, 2020. The firm’s total holdings are worth over $74.18 Million and represent 3.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of June 29, 2020, the former fund manager holds about 0.83% shares in the company for having 834316 shares of worth $16.78 Million while later fund manager owns 755.92 Thousand shares of worth $15.2 Million as of June 29, 2020, which makes it owner of about 0.75% of company’s outstanding stock.