Is Corning Natural Gas stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Corning Natural Gas pays dividends. Last time was Friday 15th of July 2022 where the investors holding the stock on Wednesday 29th of June 2022 were paid $0.153 per share. Over the last 53 times between 2009 and 2022, Corning Natural Gas has paid $8.281 with an average of $0.16 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Corning Natural Gas 10 years ago, but if you had invested on Thursday 13th of January 2022 when the price was $24.24, you would have made a profit of $0.460 per share or 1.90%
No, the average daily trading liquidity for Corning Natural Gas is $766 thousand. Trading in stocks with this little trading liquidity is very dangerous, and you can get into a situation where it will be hard to trade your stocks. In addition, these types of stocks usually have very high volatility.
Corning Natural Gas has much of the business financed by loans. This puts the company at high risk in periods of high inflation where borrowing costs usually go up. With a low cash flow to debt ratio of 0.04, the company's ability to pay off the debt is limited. The company has a very low net profit margin of 4.33%, which is challenging.
We have calculated the inflation risk for Corning Natural Gas to be high [0.8 of 1]
US inflation for July 2024 was 0.15%. Over the last 12 months, the US inflation is 2.92%. The 10-year treasury yield that indicates the future interest level is currently 3.72 and is down -0.95 over the last 30 days.