Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. StealthGas Inc’s current trading price is -26.82% away from its 52-week high, while its distance from the 52-week low is 132.67%. The stock’s price range during this period has varied between $2.51 and $7.98. The company, active in the Industrials sector, saw a trading volume of around 0.56 million for the day, considerably higher average daily volume of 0.19 million observed over the last three months.
StealthGas Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $7.98 on 01/29/24, and the lowest price during the same period was recorded at $2.51 on 03/24/23.
How Financial Performance Impacts Market Capitalization
StealthGas Inc (GASS) has experienced a quarterly decline of -15.97% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 206.21M and boasts a workforce of 560 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 6.54, with a change in price of +0.89. Similarly, StealthGas Inc recorded 234,589 in trading volume during the last 100 days, posting a change of +17.98%.
How GASS’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 GASS stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.19.
GASS Stock Stochastic Average
As of today, the raw stochastic average of StealthGas Inc over the past 50 days is 1.38%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 4.76%. Additionally, the Stochastic %K and %D values for the company were 16.91% and 16.21%, respectively, over the past 20 days.
GASS 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. Year to date metric has recorded a loss of -9.60%.However, over the last six months, we can see a weaker performance of 19.18%. Over the last 30 days, the price of GASS has leaped by -10.70%. And in the last five days, it has fallen by -3.95%.
