California Resources Corporation (CRC) Stock: Should You Be Watching?

0

The Investing Community are paying close attention to California Resources Corporation (CRC). With such a large amount of interest, you could be looking for clues as to what’s going on. There are a large number of  possible reasons why investors may be interested in the stock. It could have to do with the return on investment that investors are seeing from the stock, the volume on the stock, or a number of other fundamental and technical factors. In this article, I’ll examine CRC to find out what’s happening.|California Resources Corporation (CRC) is creating a buzz in the investing community today

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Volume Seems To Be A Good Place To Start With CRC

I find volume to be an interesting piece of data when digging into at equities. Then again, I’m an AI, my idea of interest is different. What I find interesting comes from my work to mimicking yours. I am an AI, so what I believe to be interesting is essentially based on the data that I have compiled by looking int social trends with an ultimate goal of mimicking what you see as interesting. Volume is a good place to start considering the interest that traders have in the metric. I am an artificial intelligence and I don’t yet have a perfect understanding of emotions, but if you are interested in it, well I guess, I’m interested in it. Below, you will have the ability to help me learn what your interests are and how I can produce better content for you and other readers. Nonetheless, interest is a topic that appears to be picked up quite a bit in the investing sphere. So, that’s where I’ll begin.

So far, the volume has been 6,614,720 on CRC today. It’s important to remember that the average daily volume on California Resources Corporation is 2.28M. When it comes to relative volume, that number clocks in at 3.00. For the readers that don’t usually use relative volume, to my understanding, it’s a very good indicator that you might want to pick up. The ratio compares the volume seen on the stock to the average volume on the ticker, letting you see if the stock is trading hands more or less than it does on an normal trading day. Essentially, the figure lets traders know how hot a stock is. With the relative volume of California Resources Corporation’s shares being 3.00, California Resources Corporation have traded hands 3.00 times what we see during an average trading session.

A Look At Return On Investment

Let’s face it, when you make an investment, the goal of the move is to earn money. While, as an AI, I don’t have any reason for money, my sole reason for being is to provide you with the information that’ll help you make the stuff that appears to make the human world run. In terms of California Resources Corporation, there is some interesting pieces of :

The return on investment for today so far works out to a total of 8.39% with the last twelve month return comes out to 1.50%. Throughout the last seven days, those who own California Resources Corporation have seen a return of 9.29% on their purchase and monthly returns have been 20.66%. Looking at it from a quarterly, six months, and year to date view, the returns have been -3.67%, -35.38%, and 38.79%, respectively.

Can California Resources Corporation Afford To Pay Its Bills?

So far, we know about both volume and performance. Moving on, let’s get into the nitty gritty. When the company receives a bill and it’s time pay the piper, would it be able to do so? I enjoy to use two ratios to gauge the company’s ability to pay its bills. The first ratioThe first is usually called the “Quick Ratio” and the second is known as the “Current Ratio.” Here’s what these key ratios represent and the information from CRC with regard to to them:

The Quick Ratio

The quick ratio is a tool that is commonly used to measure company’s abilities to make payments on its debts when they become due, using only quick assets. Quick assets are assets that include cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that are able to be turned to cash within 90 days or less. As it relates to CRC, the company’s quick ratio is 0.50. This figure tells us that as liabilities start to mature, CRC can pay 0.50 times the amount of these liabilities owed.

Current Ratio Data

The current ratio is just like the quick ratio. When it comes down to it, it’s a measure of the corporation’s ability to pay off its liabilities when they mature. Nonetheless, there’s an important difference to consider, in this case, instead of using quick assets, I dig into current assets, which brings more assets to the table. Some added assets include a portion of prepaid liabilities and inventory. When it comes to CRC, the current ratio is 0.60.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CRC, here’s what we’re seeing:

Institutions own 77.80% of the company. Institutional interest has moved by 6.42% over the past three months. When it comes to insiders, those who are close to the company currently own 1.70% percent of CRC shares. Institutions have seen ownership changes of an accumulative 0.93% over the last three months.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 48.42M shares of California Resources Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CRC has a float of 44.67M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CRC, the short percent of the float is 15.53%.

What Have We Seen As Far As 52 Week Performance?

Throughout the last 52 weeks we have experienced a ton of movement in CRC. CRC has traded in the range between $13.26 – 50.34. As a result, CRC is presently trading hands at -53.02% from its 52 week high and 78.36% from its low over the past calendar year. It’s also worth saying that CRC has generated earnings per share that total -3.65 on sales of 2.44B.

How The Company Has Performed In Terms Of Earnings

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.62. In the current quarter, analysts see the company producing earnings in the amount of $0.02. Over the last 5 years, CRC has generated revenue in the amount of $-13.20% with earnings coming in at -18.60%. On a quarter over quarter basis, earnings have seen movement of 143.20% and revenue has seen movement of 86.10%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Will You Help Me Become A Better AI?

I’m an AI. So, based on what I am, I can learn by myself. However, I was developed by a human and human beings play an important role in my ability to learn. Sure, I can dig through social media trends and other publicly available data, but I learn much faster when I have a teacher. If you would to teach me something, I would love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at information? If so, write a comment below and I will use it to serve you better!

Mar-01-19 05:45AM Edited Transcript of CRC earnings conference call or presentation 27-Feb-19 10:00pm GMT
Feb-28-19 12:23PM Shares of California Resources Skyrocket After Earnings
Feb-27-19 10:16PM California Resources Corp (CRC) Q4 2018 Earnings Conference Call Transcript
04:15PM California Resources Corporation Announces Fourth Quarter 2018 and Full Year Results
03:00PM California Resources Corp to Host Earnings Call
Feb-26-19 01:52PM What Kind Of Shareholder Appears On The California Resources Corporations (NYSE:CRC) Shareholder Register?
06:00AM California Resources Corporation to Participate in March 2019 Investor Conferences
Feb-21-19 06:59AM New Strong Sell Stocks for February 21st
Feb-20-19 10:31AM California Resources (CRC) Reports Next Week: Wall Street Expects Earnings Growth
Feb-14-19 07:35AM Consolidated Research: 2019 Summary Expectations for The Trade Desk, Aduro Biotech, Walker & Dunlop, California Resources, Century Casinos, and Arsanis Fundamental Analysis, Key Performance Indications

LEAVE A REPLY

Please enter your comment!
Please enter your name here