[breadcrumb_custom]

A Tale of Resilience: Medtronic Plc Amid Stock Market Turbulence

Medtronic Plc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $92.02 on 05/03/23, and the lowest price during that time was $68.84, recorded on 10/30/23.

52-week price history of MDT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Medtronic Plc’s current trading price is -7.64% away from its 52-week high, while its distance from the 52-week low is 23.46%. The stock’s price range during this period has fluctuated between $68.84 and $92.02. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 6.15 for the day, which was evidently higher than the average daily volume of 1.44 over the last three months.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

Financial Performance and Market Capitalization

Medtronic Plc (MDT) has experienced a quarterly rise of 18.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 113.01B and boasts a workforce of Dec 19 2023 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 79.36, with a change in price of +2.19. Similarly, Medtronic Plc recorded 6,533,833 in trading volume during the last 100 days, posting a change of +2.64%.

MDT 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 MDT stands at 0.49. Similarly, the long-term debt-to-equity ratio is also 0.46.

MDT Stock Stochastic Average

The raw stochastic average for Medtronic Plc over the last 50 days is presently at 61.84%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 11.23%. Further, the company’s Stochastic %K and %D values for the last 20 days were 33.87% and 48.35%, respectively.

MDT 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. This year’s metric has recorded a Price increase of 3.17%. However, over the past six months, we’ve seen a weaker performance of 2.25%. The price of MDT leaped by -2.40% over the last 30 days. And in the last five days, it has fallen by -3.01%.

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts