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Owens Corning (OC) Stock: Navigating a Year of Volatility

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Owens Corning’s current trading price is -7.47% away from its 52-week high, while its distance from the 52-week low is 66.79%. The stock’s price range for this time frame has been between $88.86 and $160.18. The trading volume of the company’s shares in the Industrials reached around 648.12 for the day, which was evidently higher than the average daily volume of 4.49 over the last three months.

Owens Corning had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $160.18 on 02/08/24, while the lowest price during the same period was $88.86 on 03/15/23.

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How Financial Performance Impacts Market Capitalization

Owens Corning (OC) has experienced a quarterly rise of 21.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.17B and boasts a workforce of Mar 01 2024 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 137.95, with a change in price of +10.79. Similarly, Owens Corning recorded 741,839 in trading volume during the last 100 days, posting a change of +7.85%.

How OC’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 OC stands at 0.63. Similarly, the long-term debt-to-equity ratio is also 0.62.

OC Stock Stochastic Average

Owens Corning’s raw stochastic average for the past 50 days is currently at 56.57%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 21.36%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 69.13% and 77.05%, respectively.

OC Stock Price Performance Analysis

The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The metric has seen a significant loss of -0.01% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 4.82%. Over the past 30 days, the price of OC has leaped by -1.70%. And in the last five days, it has fallen by -4.64%.

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