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All Journal Community: Jurnal Hasil Penelitian dan Pengabdian Masyarakat
Faizal Febrian
Universitas Singaperbangsa Karawang
Education Public Health Social Sciences

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The Effect of Profitability and Liquidity on Stock Prices of Coal Production Sub-Industry Companies Listed on the IDX (2021–2024) Faizal Febrian; Sri Suartini; Nanu Hasanuh
Community: Jurnal Hasil Penelitian dan Pengabdian Masyarakat Vol. 5 No. 1 (2026): Action Research and Community Development
Publisher : Perkumpulan Dosen Tarbiyah Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/community.v5i1.372

Abstract

This study aims to examine the impact of profitability (NPM) and liquidity (CR) on stock prices of coal firms listed on the IDX over 2021–2024. A quantitative design was employed with 18 purposively selected companies, yielding 72 observations. Multiple regression analysis was utilized along with classical assumption tests, t-test, F-test, and coefficient of determination using SPSS 26. The Current Ratio was square-root transformed. The results reveal that NPM individually does not significantly affect stock prices (sig. 0.260 > 0.05), thus H1 is rejected. Conversely, SQRT_CR positively and significantly influences stock prices (sig. 0.024 < 0.05), thus H2 is accepted. Simultaneously, both variables significantly affect stock prices (sig. 0.008 < 0.05), thus H3 is accepted. The Adjusted R² of 0.107 indicates that only 10.7% of stock price variation is explained by the independent variables, while the remainder is driven by external elements. Liquidity proves to be a more dominant factor than profitability in influencing stock prices amidst sector volatility.
Co-Authors Nanu Hasanuh Sri Suartini