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. Eastern Bankshares Inc.’s current trading price is -1.85% away from its 52-week high, while its distance from the 52-week low is 59.06%. The stock’s price range during this period has varied between $10.65 and $17.26. The company, active in the Financial sector, saw a trading volume of around 0.82 million for the day, considerably lower average daily volume of 1.28 million observed over the last three months.
Eastern Bankshares Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $17.26 on 07/26/24, and the lowest price during the same period was recorded at $10.65 on 11/01/23.
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How Financial Performance Impacts Market Capitalization
Eastern Bankshares Inc. (EBC) has experienced a quarterly rise of 30.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.65B and boasts a workforce of 1744 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 14.81, with a change in price of +4.21. Similarly, Eastern Bankshares Inc. recorded 1,061,553 in trading volume during the last 100 days, posting a change of +32.84%.
How EBC’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 EBC stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.03.
EBC Stock Stochastic Average
As of today, the raw stochastic average of Eastern Bankshares Inc. over the past 50 days is 92.92%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 91.50%. Additionally, the Stochastic %K and %D values for the company were 87.16% and 81.86%, respectively, over the past 20 days.
EBC 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 19.30%.However, over the last six months, we can see a weaker performance of 24.47%. Over the last 30 days, the price of EBC has fallen by 8.10%. And in the last five days, it has surged by 4.12%.
