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. Newmont Corp’s current trading price is -15.78% away from its 52-week high, while its distance from the 52-week low is 43.64%. The stock’s price range over this period has fluctuated between $29.42 and $50.18. The company, operating within the financial sector, had a trading volume of approximately 13.02 million for the day, which was noticeably lower than the average daily share volume of 14.91 million over the last 3 months.
In terms of market performance, Newmont Corp had a fairly uneven. The highest value for the stock in the past year was $50.18 on 05/04/23, and the lowest value was recorded at $29.42 on 02/28/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Newmont Corp (NEM) has experienced a quarterly rise of 21.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 48.72B and boasts a workforce of 40200 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 36.53, with a change in price of +1.72. Similarly, Newmont Corp recorded 13,537,008 in trading volume during the last 100 days, posting a change of +4.24%.
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 NEM stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.32.
NEM Stock Stochastic Average
Today’s raw stochastic average for Newmont Corp over the last 50 days is 88.61%.This indicates a increase from the raw stochastic average of the past 20 days, which was 77.91%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 85.65% and 78.35%, respectively.
NEM 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 increase of 2.10%. However, over the past six months, we’ve seen a weaker performance of 12.75%. The price of NEM fallen by 17.91% over the last 30 days. And in the last five days, it has surged by 12.81%.
