McCormick & Co., Inc.: Analyzing MKC Stock Trends

McCormick & Co., Inc.’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $94.39 on 06/23/23, and the lowest price during the same period was recorded at $59.13 on 10/12/23.

52-week price history of MKC Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. McCormick & Co., Inc.’s current trading price is -30.27% away from its 52-week high, while its distance from the 52-week low is 11.31%. The stock’s price range for this period has remained between $59.13 and $94.39. The Consumer Defensive sector company’s shares managed to surpass a trading volume of around 1.92 million for the day, which was noticeably higher compared to the shares’ average daily volume of 1.77 million over the last three months.

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Financial Performance and Market Capitalization

McCormick & Co., Inc. (MKC) has experienced a quarterly rise of 1.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.66B and boasts a workforce of 13800 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 66.97, with a change in price of -13.97. Similarly, McCormick & Co., Inc. recorded 2,117,632 in trading volume during the last 100 days, posting a change of -17.51%.

MKC 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 MKC stands at 0.92. Similarly, the long-term debt-to-equity ratio is also 0.70.

MKC Stock Stochastic Average

As of today, the raw stochastic average of McCormick & Co., Inc. over the past 50 days is 31.57%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 32.39%. Additionally, the Stochastic %K and %D values for the company were 38.12% and 42.05%, respectively, over the past 20 days.

MKC Stock Price Performance Analysis

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 -3.80%. However, over the last six months, the performance has been stronger by -24.32%. The price of MKC decreased -2.68% over the last 30 days. And in the last five days, it has fallen by -4.18%.

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