The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -21.75%.However, over the last six months, we can see a stronger performance of -25.38%. Over the last 30 days, the price of GO has leaped by -22.73%. And in the last five days, it has fallen by -17.47%.
Grocery Outlet Holding Corp experienced a rather shaky stock market performance. The highest value in the past year was recorded at $36.54 on 08/09/23 and the lowest value was $23.41 on 05/08/24.
52-week price history of GO Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Grocery Outlet Holding Corp’s current trading price is -42.27% away from its 52-week high, while its distance from the 52-week low is -9.89%. The stock’s price range during this period has varied between$23.41 and $36.54. The Grocery Outlet Holding Corp’s shares, which operate in the Consumer Defensive, saw a trading volume of around 5.71 million for the day, a figure considerably higher than their average daily volume of 1.27 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Grocery Outlet Holding Corp (GO) has experienced a quarterly decline of -14.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.11B and boasts a workforce of 997 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 26.53, with a change in price of -8.45. Similarly, Grocery Outlet Holding Corp recorded 1,285,336 in trading volume during the last 100 days, posting a change of -28.95%.
GO’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 GO stands at 1.14. Similarly, the long-term debt-to-equity ratio is also 1.09.
GO Stock Stochastic Average
Grocery Outlet Holding Corp’s raw stochastic average for the past 50 days is presently 10.68%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 12.75%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 18.20% and 17.47%, respectively.
