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RIO’s Stock Market Puzzle: Piecing Together 2023’s Performance

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -8.17%. However, over the last six months, the performance has been stronger by -1.63%. The price of RIO increased 10.20% over the last 30 days. And in the last five days, it has surged by 3.47%.

Rio Tinto Group (RIO) stock is currently valued at $65.38. During the last session, the stock experienced a remarkable rise, reaching $65.96 after opening at $65.94. The stock briefly dropped to $65.18 before ultimately closing at $65.27.

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The market performance of Rio Tinto Group’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $80.51 on 01/26/23, while the lowest value for the same duration was $50.92 on 09/26/22.

52-week price history of RIO Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Rio Tinto Group’s current trading price is -18.80% away from its 52-week high, while its distance from the 52-week low is 28.41%. The stock’s price range during this time has been between $50.92 and $80.51. The trading volume for the Basic Materials sector company’s shares reached about 1.68 million for the day, which was lower than the average daily volume of 2.82 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Rio Tinto Group (RIO) has experienced a quarterly decline of -0.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 108.31B and boasts a workforce of 54000 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 63.53, with a change in price of +2.42. Similarly, Rio Tinto Group recorded 3,011,261 in trading volume during the last 100 days, posting a change of +3.85%.

RIO’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RIO stands at 0.27. Similarly, the long-term debt-to-equity ratio is also 0.26.

RIO Stock Stochastic Average

Today, Rio Tinto Group’s raw stochastic average for the past 50 days stands at 59.45%, indicating a decline from the raw stochastic average of the last 20 days, which was 76.78%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 80.31% and 85.39% respectively.

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