Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. W & T Offshore Inc’s current trading price is -50.44% away from its 52-week high, while its distance from the 52-week low is 2.74%. The stock’s price range during this period has varied between $2.19 and $4.54. The company, active in the Energy sector, saw a trading volume of around 0.89 million for the day, considerably lower average daily volume of 2.72 million observed over the last three months.
W & T Offshore Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $4.54 on 05/08/23, while the lowest price during the same period was $2.19 on 05/01/24.
How Financial Performance Impacts Market Capitalization
W & T Offshore Inc (WTI) has experienced a quarterly decline of -22.95% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 330.44M and boasts a workforce of 395 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.83, with a change in price of -0.90. Similarly, W & T Offshore Inc recorded 2,746,642 in trading volume during the last 100 days, posting a change of -28.42%.
How WTI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for WTI stands at 12.92. Similarly, the long-term debt-to-equity ratio is also 11.93.
WTI Stock Stochastic Average
As of today, the raw stochastic average of W & T Offshore Inc over the last 50 days is at 8.73%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 12.54%. Further, the company’s Stochastic %K and %D values for the last 20 days were 11.42% and 10.71%, respectively.
WTI Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -30.98%. However, over the past six months, we’ve seen a stronger performance of -45.78%. The price of WTI leaped by -18.77% over the last 30 days. And in the last five days, it has fallen by -3.43%.
