Behind Medtronic Plc’s 52-Week Range: Uncovering Opportunities for Investors

Medtronic Plc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $92.02 on 05/03/23, while the lowest price for the same duration was marked at $68.84 on 10/30/23.

52-week price history of MDT Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Medtronic Plc’s current trading price is -9.07% away from its 52-week high, while its distance from the 52-week low is 21.54%. The stock’s price range during this period has spanned from $68.84 to $92.02. In the Healthcare sector, the Medtronic Plc’s shares surpassed a trading volume of approximately 5.97 million for the day, which was noticeably lower compared to the average daily volume of 9.6.09 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Medtronic Plc (MDT) has experienced a quarterly rise of 6.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 111.25B and boasts a workforce of 95000 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 79.86, with a change in price of +5.90. Similarly, Medtronic Plc recorded 6,729,068 in trading volume during the last 100 days, posting a change of +7.59%.

Examining MDT’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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 0.47.

MDT Stock Stochastic Average

Today, Medtronic Plc’s raw stochastic average for the past 50 days stands at 43.08%, indicating a rise from the raw stochastic average of the last 20 days, which was 16.39%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 33.54% and 41.36% respectively.

MDT Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 1.57% this year. Over the last six months, there has been a weaker performance of 3.22%. The price of MDT leaped by -2.47% during the last 30 days period. For the last 5-days stocks have slided -0.89%.

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