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. Griffon Corp.’s current trading price is -3.31% away from its 52-week high, while its distance from the 52-week low is 149.71%. The stock’s price range during this period has varied between $29.11 and $75.18. The company, active in the Industrials sector, saw a trading volume of around 0.8 million for the day, considerably higher average daily volume of 0.36 million observed over the last three months.
Griffon Corp.’s stock has had a calm market performance. The 1-year high for the company’s stock was $75.18 on 05/08/24, and the lowest price during the same period was recorded at $29.11 on 05/09/23.
How Financial Performance Impacts Market Capitalization
Griffon Corp. (GFF) has experienced a quarterly rise of 6.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.59B and boasts a workforce of 5700 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 65.57, with a change in price of +18.59. Similarly, Griffon Corp. recorded 414,351 in trading volume during the last 100 days, posting a change of +34.36%.
How GFF’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 GFF stands at 8.72. Similarly, the long-term debt-to-equity ratio is also 8.52.
GFF Stock Stochastic Average
As of today, the raw stochastic average of Griffon Corp. over the past 50 days is 59.51%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 59.51%. Additionally, the Stochastic %K and %D values for the company were 55.94% and 50.74%, respectively, over the past 20 days.
GFF Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 19.26%.However, over the last six months, we can see a weaker performance of 72.17%. Over the last 30 days, the price of GFF has fallen by 3.84%. And in the last five days, it has surged by 8.20%.
