Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Ebix Inc.’s current trading price is -60.15% away from its 52-week high, while its distance from the 52-week low is 11.54%. The stock’s price range during this period has varied between $11.74 and $32.87. The company, active in the Technology sector, saw a trading volume of around 0.65 million for the day, considerably lower average daily volume of 0.66 million observed over the last three months.
Ebix Inc. (EBIX) current stock price is $13.10. During the last trading session, the stock soared, reaching $14.33 after opening at $14.27. The stock’s lowest point was $12.98 before it closed at $14.33.
In terms of market performance, Ebix Inc. had a somewhat inconsistent run in. The highest value for the stock in the past year was $32.87 on 07/31/23, while the lowest value was $11.74 on 04/05/23.
How Financial Performance Impacts Market Capitalization
Ebix Inc. (EBIX) has experienced a quarterly decline of -42.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 404.53M and boasts a workforce of 10521 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 20.30, with a change in price of -2.76. Similarly, Ebix Inc. recorded 539,847 in trading volume during the last 100 days, posting a change of -17.40%.
How EBIX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for EBIX stands at 0.98. Similarly, the long-term debt-to-equity ratio is also 0.00.
EBIX Stock Stochastic Average
As of today, the raw stochastic average of Ebix Inc. over the last 50 days is at 0.95%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 2.80%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.40% and 18.45%, respectively.
EBIX Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded a decrease of -34.37%. However, over the last six months, the performance has been stronger by -4.31%. The price of EBIX decreased -13.13% over the last 30 days. And in the last five days, it has fallen by -15.32%.