The market performance of Cenovus Energy Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $21.79 on 04/11/24, while the lowest value for the same duration was $14.62 on 01/18/24.
52-week price history of CVE Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Cenovus Energy Inc’s current trading price is -21.12% away from its 52-week high, while its distance from the 52-week low is 17.60%. The stock’s price range during this period has spanned from $14.62 to $21.79. In the Energy sector, the Cenovus Energy Inc’s shares surpassed a trading volume of approximately 6.6 million for the day, which was noticeably lower compared to the average daily volume of 9.7.39 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Cenovus Energy Inc (CVE) has experienced a quarterly decline of -10.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 31.91B and boasts a workforce of 6925 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.14, with a change in price of -3.37. Similarly, Cenovus Energy Inc recorded 7,200,047 in trading volume during the last 100 days, posting a change of -16.39%.
Examining CVE’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CVE stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.32.
CVE Stock Stochastic Average
Today, Cenovus Energy Inc’s raw stochastic average for the past 50 days stands at 27.66%, indicating a decline from the raw stochastic average of the last 20 days, which was 35.83%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 35.39% and 30.90% respectively.
CVE Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 3.75% this year. Over the last six months, there has been a stronger performance of -10.77%. The price of CVE leaped by -8.22% during the last 30 days period. For the last 5-days stocks have improved 4.63%.
