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. Huntington Bancshares, Inc.’s current trading price is -30.69% away from its 52-week high, while its distance from the 52-week low is 19.49%. The stock’s price range during this period has varied between $9.13 and $15.74. The company, active in the Financial sector, saw a trading volume of around 11.67 million for the day, considerably lower average daily volume of 14.09 million observed over the last three months.
Huntington Bancshares, Inc. (HBAN) current stock price is $10.91. During the last trading session, the stock soared, reaching $11.045 after opening at $11.00. The stock’s lowest point was $10.82 before it closed at $11.00.
Huntington Bancshares, Inc.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $15.74 on 12/01/22, and the lowest price during that time was $9.13, recorded on 05/12/23.
How Financial Performance Impacts Market Capitalization
Huntington Bancshares, Inc. (HBAN) has experienced a quarterly decline of -2.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.80B.
Decoding Analysts’ Ratings for Huntington Bancshares, Inc.
As of right now, 5 analysts are rating Huntington Bancshares, Inc. as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 12 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
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 10.82, with a change in price of +0.37. Similarly, Huntington Bancshares, Inc. recorded 13,459,777 in trading volume during the last 100 days, posting a change of +3.51%.
How HBAN’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 HBAN stands at 0.73. Similarly, the long-term debt-to-equity ratio is also 0.69.
HBAN Stock Stochastic Average
As of today, the raw stochastic average of Huntington Bancshares, Inc. over the last 50 days is at 89.97%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 92.48%. Further, the company’s Stochastic %K and %D values for the last 20 days were 93.93% and 83.88%, respectively.
HBAN Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -22.62%. However, over the last six months, the performance has been weaker by 6.65%. The price of HBAN increased 7.91% over the last 30 days. And in the last five days, it has surged by 7.07%.