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. TC Energy Corporation’s current trading price is 0.06% away from its 52-week high, while its distance from the 52-week low is 31.46%. The stock’s price range during this period has varied between $32.51 and $42.72. The company, active in the Energy sector, saw a trading volume of around 0.95 million for the day, considerably lower average daily volume of 2.98 million observed over the last three months.
TC Energy Corporation’s stock has had a calm market performance. The 1-year high for the company’s stock was $42.72 on 08/01/24, and the lowest price during the same period was recorded at $32.51 on 10/04/23.
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How Financial Performance Impacts Market Capitalization
TC Energy Corporation (TRP) has experienced a quarterly rise of 19.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 44.35B and boasts a workforce of 7415 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 38.74, with a change in price of +2.48. Similarly, TC Energy Corporation recorded 3,388,382 in trading volume during the last 100 days, posting a change of +6.18%.
How TRP’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 TRP stands at 2.15. Similarly, the long-term debt-to-equity ratio is also 2.03.
TRP Stock Stochastic Average
As of today, the raw stochastic average of TC Energy Corporation over the past 50 days is 89.19%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 89.19%. Additionally, the Stochastic %K and %D values for the company were 92.21% and 93.29%, respectively, over the past 20 days.
TRP 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 9.35%.However, over the last six months, we can see a weaker performance of 8.41%. Over the last 30 days, the price of TRP has fallen by 13.23%. And in the last five days, it has surged by 3.02%.
