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. McEwen Mining Inc’s current trading price is -11.70% away from its 52-week high, while its distance from the 52-week low is 49.16%. The stock’s price range over this period has fluctuated between $5.92 and $10.00. The company, operating within the financial sector, had a trading volume of approximately 1.19 million for the day, which was noticeably higher than the average daily share volume of 0.5 million over the last 3 months.
McEwen Mining Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $10.00 on 04/13/23, while the lowest price for the same period was registered at $5.92 on 02/28/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
McEwen Mining Inc (MUX) has experienced a quarterly rise of 21.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 419.34M and boasts a workforce of 520 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.08, with a change in price of +1.01. Similarly, McEwen Mining Inc recorded 506,072 in trading volume during the last 100 days, posting a change of +12.92%.
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 MUX stands at 0.08. Similarly, the long-term debt-to-equity ratio is also 0.08.
MUX Stock Stochastic Average
Today’s raw stochastic average for McEwen Mining Inc over the last 50 days is 97.98%.This indicates a increase from the raw stochastic average of the past 20 days, which was 97.98%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 93.75% and 92.06%, respectively.
MUX 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. Year to date metric has recorded a gain of 22.47%.However, over the last six months, we can see a weaker performance of 31.59%. Over the last 30 days, the price of MUX has fallen by 27.23%. And in the last five days, it has surged by 11.63%.
