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NextEra Energy Inc’s Banking’s 100-Day Moving Average at 69.62: Will the Stock Break Through?

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The market performance of NextEra Energy Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $80.47 on 05/31/24, with the lowest value for the same timeframe being $47.15, recorded on 10/06/23.

52-week price history of NEE Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. NextEra Energy Inc’s current trading price is -8.23% away from its 52-week high, while its distance from the 52-week low is 56.64%. The stock’s price range during this period has fluctuated between $47.15 and $80.47. Shares of the company, which operates in the Utilities sector, recorded a trading volume of around 2.02 million for the day, which was evidently lower than the average daily volume of 11.41 million over the last three months.

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Financial Performance and Market Capitalization

NextEra Energy Inc (NEE) has experienced a quarterly rise of 9.54% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 151.79B and boasts a workforce of 16800 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 69.62, with a change in price of +18.15. Similarly, NextEra Energy Inc recorded 11,796,133 in trading volume during the last 100 days, posting a change of +32.69%.

NEE Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NEE stands at 1.68. Similarly, the long-term debt-to-equity ratio is also 1.39.

NEE Stock Stochastic Average

NextEra Energy Inc’s raw stochastic average for the past 50 days is currently at 40.94%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 58.74%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 64.39% and 65.29%, respectively.

NEE 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. Year to date metric has recorded a gain of 21.58%.However, over the last six months, we can see a weaker performance of 23.97%. Over the last 30 days, the price of NEE has fallen by 4.29%. And in the last five days, it has surged by 2.41%.

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