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.
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%.
