A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Acacia Research Corp’s current trading price is -0.19% away from its 52-week high, while its distance from the 52-week low is 55.39%. The stock’s price range for this time frame has been between $3.43 and $5.34. The trading volume of the company’s shares in the Industrials reached around 0.31 million for the day, which was evidently higher than the average daily volume of 0.21 million over the last three months.
Acacia Research Corp’s stock has had a calm market performance. The 1-year high for the company’s stock was $5.34 on 03/28/24, and the lowest price during the same period was recorded at $3.43 on 10/19/23.
How Financial Performance Impacts Market Capitalization
Acacia Research Corp (ACTG) has experienced a quarterly rise of 33.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 532.41M and boasts a workforce of 172 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 4.02, with a change in price of +1.65. Similarly, Acacia Research Corp recorded 234,424 in trading volume during the last 100 days, posting a change of +44.84%.
How ACTG’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 ACTG stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.02.
ACTG Stock Stochastic Average
Acacia Research Corp’s raw stochastic average for the past 50 days is currently at 93.75%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 92.76%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 93.60% and 93.09%, respectively.
ACTG 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. Until today this year the stock’s price performance recorded an increase of 35.97%. However, over the last six months, the performance has been weaker by 50.14%. The price of ACTG increased 34.26% over the last 30 days. And in the last five days, it has surged by 2.90%.
