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CNP’s Financial Health: Exploring Centerpoint Energy Inc.’s Debt-to-Equity Ratio of 1.79

Centerpoint Energy Inc.’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $31.43 on 07/26/23, with the lowest value being $25.42 on 10/03/23.

52-week price history of CNP Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Centerpoint Energy Inc.’s current trading price is -10.00% away from its 52-week high, while its distance from the 52-week low is 11.29%. The stock’s price range during this period has fluctuated between $25.42 and $31.43. Shares of the company, which operates in the Utilities sector, recorded a trading volume of around 5.62 million for the day, which was evidently higher than the average daily volume of 4.06 million over the last three months.

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Financial Performance and Market Capitalization

Centerpoint Energy Inc. (CNP) has experienced a quarterly decline of -0.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.87B and boasts a workforce of 12328 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 28.07, with a change in price of +0.97. Similarly, Centerpoint Energy Inc. recorded 4,283,683 in trading volume during the last 100 days, posting a change of +3.55%.

CNP Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CNP stands at 1.99. Similarly, the long-term debt-to-equity ratio is also 1.82.

CNP Stock Stochastic Average

Centerpoint Energy Inc.’s raw stochastic average for the past 50 days is currently at 76.14%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 74.62%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 39.38% and 38.30%, respectively.

CNP Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price loss of -0.98% this year. Over the last six months, there has been a weaker performance of 3.66%. The price of CNP fallen by 2.31% during the last 30 days period. For the last 5-days stocks have improved 0.68%.

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