Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Tricon Residential Inc’s current trading price is -0.04% away from its 52-week high, while its distance from the 52-week low is 70.80%. The stock’s price range over this period has fluctuated between $6.53 and $11.15. The company, operating within the financial sector, had a trading volume of approximately 1.81 million for the day, which was noticeably lower than the average daily share volume of 5.94 million over the last 3 months.
Tricon Residential Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $11.15 on 03/08/24, while the lowest value for the same period was recorded at $6.53 on 10/30/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Tricon Residential Inc (TCN) has experienced a quarterly rise of 39.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.05B and boasts a workforce of 1026 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.07, with a change in price of +4.15. Similarly, Tricon Residential Inc recorded 4,214,084 in trading volume during the last 100 days, posting a change of +59.21%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for TCN stands at 1.65. Similarly, the long-term debt-to-equity ratio is also 1.57.
TCN Stock Stochastic Average
Today, Tricon Residential Inc’s raw stochastic average for the past 50 days stands at 99.81%, indicating a rise from the raw stochastic average of the last 20 days, which was 96.15%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 91.03% and 85.90% respectively.
TCN Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 22.47% this year. Over the last six months, there has been a weaker performance of 33.15%. The price of TCN fallen by 1.13% during the last 30 days period. For the last 5-days stocks have improved 0.22%.
