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. The metric has seen a significant gain of 24.83% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 33.17%. Over the past 30 days, the price of CNQ has fallen by 14.09%. And in the last five days, it has surged by 4.62%.
Canadian Natural Resources Ltd. ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $81.25 on 04/09/24, while the lowest value for the same period was recorded at $52.66 on 06/20/23.
52-week price history of CNQ Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Canadian Natural Resources Ltd.’s current trading price is 0.66% away from its 52-week high, while its distance from the 52-week low is 55.32%. The stock’s price range during this period has varied between$52.66 and $81.25. The Canadian Natural Resources Ltd.’s shares, which operate in the Energy, saw a trading volume of around 4.08 million for the day, a figure considerably higher than their average daily volume of 3.09 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canadian Natural Resources Ltd. (CNQ) has experienced a quarterly rise of 24.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 87.58B and boasts a workforce of 10272 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 67.15, with a change in price of +16.61. Similarly, Canadian Natural Resources Ltd. recorded 3,134,370 in trading volume during the last 100 days, posting a change of +25.48%.
CNQ’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 CNQ stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.28.
CNQ Stock Stochastic Average
Canadian Natural Resources Ltd.’s raw stochastic average for the past 50 days is presently 99.44%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 98.74%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 98.14% and 98.45%, respectively.
