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. Clearfield Inc’s current trading price is -28.91% away from its 52-week high, while its distance from the 52-week low is 57.70%. The stock’s price range during this period has varied between $22.91 and $50.82. The company, active in the Technology sector, saw a trading volume of around 0.69 million for the day, considerably higher average daily volume of 0.19 million observed over the last three months.
Clearfield 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 $50.82 on 06/12/23, while the lowest price during the same period was $22.91 on 10/31/23.
How Financial Performance Impacts Market Capitalization
Clearfield Inc (CLFD) has experienced a quarterly rise of 22.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 531.47M and boasts a workforce of 1000 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 29.03, with a change in price of +8.29. Similarly, Clearfield Inc recorded 240,474 in trading volume during the last 100 days, posting a change of +29.78%.
How CLFD’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 CLFD stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.03.
CLFD Stock Stochastic Average
As of today, the raw stochastic average of Clearfield Inc over the last 50 days is at 67.62%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 67.62%. Further, the company’s Stochastic %K and %D values for the last 20 days were 77.45% and 71.08%, respectively.
CLFD 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 increase of 24.24%. However, over the past six months, we’ve seen a weaker performance of 48.99%. The price of CLFD fallen by 22.10% over the last 30 days. And in the last five days, it has surged by 22.43%.
