The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Medtronic Plc’s current trading price is -12.23% away from its 52-week high, while its distance from the 52-week low is 17.32%. The stock’s price range for this period has been between $68.84 and $92.02 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 2.38 million for the day, a number notably lower than the average daily volume of 6.34 million over the last three months.
Medtronic Plc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $92.02 on 05/03/23 and a low of $68.84 for the same time frame on 10/30/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Medtronic Plc (MDT) has experienced a quarterly decline of -7.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 107.24B and boasts a workforce of 95000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 83.74, with a change in price of +6.12. Similarly, Medtronic Plc recorded 6,163,253 in trading volume during the last 100 days, posting a change of +8.19%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MDT stands at 0.49. Similarly, the long-term debt-to-equity ratio is also 0.47.
MDT Stock Stochastic Average
Medtronic Plc’s raw stochastic average for the past 50 days is presently 15.19%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 16.16%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 9.63% and 9.94%, respectively.
MDT 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. This year’s metric has recorded a Price decrease of -1.96%. However, over the past six months, we’ve seen a weaker performance of 13.29%. The price of MDT leaped by -4.30% over the last 30 days. And in the last five days, it has fallen by -2.59%.
