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Antero Midstream Corporation: Rising -4.37% from 52-Week Low, Can the Stock Stay Afloat?

Antero Midstream Corporation (AM) currently has a stock price of $11.81. The stock saw a sharp increase in the last trading session, hitting a high of $12.05 after opening at $12.00. The lowest recorded price for the day was $11.81 before it closed at $11.86.

Antero Midstream Corporation’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $12.35 on 09/01/23, and the lowest price during that time was $8.80, recorded on 09/27/22.

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52-week price history of AM Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Antero Midstream Corporation’s current trading price is -4.37% away from its 52-week high, while its distance from the 52-week low is 34.20%. The stock’s price range during this period has fluctuated between $8.80 and $12.35. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 1.83 million for the day, which was evidently lower than the average daily volume of 2.03 million over the last three months.

Financial Performance and Market Capitalization

Antero Midstream Corporation (AM) has experienced a quarterly rise of 9.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.64B and boasts a workforce of 586 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 11.28, with a change in price of +1.51. Similarly, Antero Midstream Corporation recorded 2,296,033 in trading volume during the last 100 days, posting a change of +14.66%.

AM Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for AM stands at 1.54. Similarly, the long-term debt-to-equity ratio is also 1.54.

AM Stock Stochastic Average

The raw stochastic average for Antero Midstream Corporation over the last 50 days is presently at 44.90%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 34.94%. Further, the company’s Stochastic %K and %D values for the last 20 days were 40.16% and 33.87%, respectively.

AM Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 9.45%.However, over the last six months, we can see a weaker performance of 18.69%. Over the last 30 days, the price of AM has leaped by -0.17%. And in the last five days, it has surged by 0.17%.

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