Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Medtronic Plc’s current trading price is -12.13% away from its 52-week high, while its distance from the 52-week low is 17.46%. The stock’s price range over this period has fluctuated between $68.84 and $92.02. The company, operating within the financial sector, had a trading volume of approximately 6.03 million for the day, which was noticeably lower than the average daily share volume of 6.33 million over the last 3 months.
In terms of market performance, Medtronic Plc had a fairly uneven. The highest value for the stock in the past year was $92.02 on 05/03/23, and the lowest value was recorded at $68.84 on 10/30/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Medtronic Plc (MDT) has experienced a quarterly decline of -7.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 107.37B 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 83.86, with a change in price of +1.10. Similarly, Medtronic Plc recorded 6,171,203 in trading volume during the last 100 days, posting a change of +1.38%.
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
Today’s raw stochastic average for Medtronic Plc over the last 50 days is 26.13%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 28.66%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 17.48% and 17.53%, respectively.
MDT 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 decrease of -1.85%. However, over the past six months, we’ve seen a weaker performance of 14.91%. The price of MDT leaped by -7.22% over the last 30 days. And in the last five days, it has surged by 0.36%.
