Independence Realty Trust Inc Inc. (IRT) Price Performance: The Role of Supply and Demand

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 15.69% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 24.90%. Over the past 30 days, the price of IRT has fallen by 4.61%. And in the last five days, it has surged by 4.49%.

Independence Realty Trust Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $18.35 on 06/16/23 and the lowest value was $11.52 on 10/31/23.

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52-week price history of IRT Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Independence Realty Trust Inc’s current trading price is -3.54% away from its 52-week high, while its distance from the 52-week low is 53.62%. The stock’s price range during this period has varied between$11.52 and $18.35. The Independence Realty Trust Inc’s shares, which operate in the Real Estate, saw a trading volume of around 7.35 million for the day, a figure considerably higher than their average daily volume of 2.16 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Independence Realty Trust Inc (IRT) has experienced a quarterly rise of 9.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.98B and boasts a workforce of 952 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 15.84, with a change in price of +2.81. Similarly, Independence Realty Trust Inc recorded 2,358,565 in trading volume during the last 100 days, posting a change of +18.87%.

IRT’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 IRT stands at 0.67. Similarly, the long-term debt-to-equity ratio is also 0.66.

IRT Stock Stochastic Average

As of today, Independence Realty Trust Inc’s raw stochastic average for the last 50 days stands at 92.47%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 91.09%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 93.46% and 91.66%, respectively.

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