A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 12.10% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -9.83%. Over the past 30 days, the price of CVE has fallen by 6.90%. And in the last five days, it has surged by 4.80%.
Cenovus Energy Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $21.37 on 10/17/23, while the lowest value for the same period was recorded at $14.69 on 01/18/24.
52-week price history of CVE Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Cenovus Energy Inc’s current trading price is -12.66% away from its 52-week high, while its distance from the 52-week low is 27.06%. The stock’s price range during this period has varied between$14.69 and $21.37. The Cenovus Energy Inc’s shares, which operate in the Energy, saw a trading volume of around 2.9 million for the day, a figure considerably lower than their average daily volume of 11.88 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Cenovus Energy Inc (CVE) has experienced a quarterly rise of 11.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 34.94B and boasts a workforce of 6925 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.13, with a change in price of -1.52. Similarly, Cenovus Energy Inc recorded 11,062,762 in trading volume during the last 100 days, posting a change of -7.52%.
CVE’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CVE stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.33.
CVE Stock Stochastic Average
Cenovus Energy Inc’s raw stochastic average for the past 50 days is presently 94.77%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 87.85%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 89.78% and 91.47%, respectively.
