Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 18.35%. However, over the last six months, the performance has been weaker by 18.62%. The price of CNQ increased 5.31% over the last 30 days. And in the last five days, it has fallen by -4.06%.
Canadian Natural Resources Ltd. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $82.58 on 04/11/24, while the lowest price for the same period was registered 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 -6.10% away from its 52-week high, while its distance from the 52-week low is 47.25%. The stock’s price range during this period has varied between$52.66 and $82.58. The Canadian Natural Resources Ltd.’s shares, which operate in the Energy, saw a trading volume of around 5.99 million for the day, a figure considerably higher than their average daily volume of 3.29 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canadian Natural Resources Ltd. (CNQ) has experienced a quarterly rise of 18.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 83.03B 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 67.74, with a change in price of +10.96. Similarly, Canadian Natural Resources Ltd. recorded 3,275,590 in trading volume during the last 100 days, posting a change of +16.46%.
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
As of today, Canadian Natural Resources Ltd.’s raw stochastic average for the last 50 days stands at 78.71%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 50.54%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 69.43% and 83.51%, respectively.
