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. Progressive Corp.’s current trading price is 0.23% away from its 52-week high, while its distance from the 52-week low is 89.34%. The stock’s price range during this period has varied between $129.69 and $245.00. The company, active in the Financial sector, saw a trading volume of around 2.88 million for the day, considerably higher average daily volume of 2.5 million observed over the last three months.
Progressive Corp.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $245.00 on 08/27/24, and the lowest price during that time was $129.69, recorded on 08/29/23.
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How Financial Performance Impacts Market Capitalization
Progressive Corp. (PGR) has experienced a quarterly rise of 19.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 143.82B and boasts a workforce of 61432 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 214.03, with a change in price of +36.33. Similarly, Progressive Corp. recorded 2,565,862 in trading volume during the last 100 days, posting a change of +17.36%.
How PGR’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 PGR stands at 0.30. Similarly, the long-term debt-to-equity ratio is also 0.30.
PGR Stock Stochastic Average
As of today, the raw stochastic average of Progressive Corp. over the past 50 days is 99.13%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 99.05%. Additionally, the Stochastic %K and %D values for the company were 97.20% and 96.60%, respectively, over the past 20 days.
PGR Stock Price Performance Analysis
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. This year’s metric has recorded a Price increase of 54.86%. However, over the past six months, we’ve seen a weaker performance of 27.78%. The price of PGR fallen by 14.95% over the last 30 days. And in the last five days, it has surged by 2.86%.
