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CVE’s 52-Week Rollercoaster: From $14.69 to $21.37 – What’s Next for Investors?

Cenovus Energy Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $21.37 on 10/17/23 and the lowest value was $14.69 on 01/18/24.

52-week price history of CVE Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Cenovus Energy Inc’s current trading price is -4.40% away from its 52-week high, while its distance from the 52-week low is 39.07%. The stock’s price range during the 52-week period has remained between $14.69 and $21.37. In the Energy sector, the company’s shares saw a trading volume of around 7.4 million for the day, which was evidently lower than the average daily volume of 11.73 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Cenovus Energy Inc (CVE) has experienced a quarterly rise of 22.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 38.24B and boasts a workforce of 6925 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 17.17, with a change in price of +1.62. Similarly, Cenovus Energy Inc recorded 11,082,371 in trading volume during the last 100 days, posting a change of +8.61%.

Examining CVE’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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 98.96%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 98.06%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 97.80% and 97.23%, respectively.

CVE Stock Price Performance Analysis

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. This year’s metric has recorded a Price increase of 22.70%. However, over the past six months, we’ve seen a stronger performance of -1.87%. The price of CVE fallen by 15.42% over the last 30 days. And in the last five days, it has surged by 3.08%.

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