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Old National Bancorp Inc. (ONB) Price Performance: A Technical Analysis Perspective

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -4.03%. However, over the past six months, we’ve seen a weaker performance of 11.49%. The price of ONB leaped by -1.10% over the last 30 days. And in the last five days, it has fallen by -3.80%.

In terms of market performance, Old National Bancorp had a fairly even. The highest value for the stock in the past year was $17.64 on 12/14/23, and the lowest value was recorded at $11.66 on 05/04/23.

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52-week price history of ONB Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Old National Bancorp’s current trading price is -8.11% away from its 52-week high, while its distance from the 52-week low is 39.02%. The stock’s price range during this period has varied between$11.66 and $17.64. The Old National Bancorp’s shares, which operate in the Financial, saw a trading volume of around 8.45 million for the day, a figure considerably higher than their average daily volume of 2.05 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Old National Bancorp (ONB) has experienced a quarterly decline of -4.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.74B and boasts a workforce of 3940 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 16.22, with a change in price of +1.77. Similarly, Old National Bancorp recorded 2,102,751 in trading volume during the last 100 days, posting a change of +12.26%.

ONB’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ONB stands at 1.00. Similarly, the long-term debt-to-equity ratio is also 0.87.

ONB Stock Stochastic Average

Old National Bancorp’s raw stochastic average for the past 50 days is presently 39.63%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 14.52%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 50.67% and 74.44%, respectively.

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