A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Magnolia Oil & Gas Corp’s current trading price is -6.80% away from its 52-week high, while its distance from the 52-week low is 34.39%. The stock’s price range for this time frame has been between $19.16 and $27.63. The trading volume of the company’s shares in the Energy reached around 3.2 million for the day, which was evidently higher than the average daily volume of 1.98 million over the last three months.
In terms of market performance, Magnolia Oil & Gas Corp had a somewhat regular. The highest value for the stock in the past year was $27.63 on 08/01/24, while the lowest value was $19.16 on 01/19/24.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
How Financial Performance Impacts Market Capitalization
Magnolia Oil & Gas Corp (MGY) has experienced a quarterly rise of 1.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.13B and boasts a workforce of 247 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 25.21, with a change in price of +1.20. Similarly, Magnolia Oil & Gas Corp recorded 2,160,453 in trading volume during the last 100 days, posting a change of +4.88%.
How MGY’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 MGY stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.22.
MGY Stock Stochastic Average
Magnolia Oil & Gas Corp’s raw stochastic average for the past 50 days is currently at 62.60%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 76.13%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 85.85% and 88.15%, respectively.
MGY 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. The index has shown a price gain of 20.95% this year. Over the last six months, there has been a weaker performance of 2.26%. The price of MGY fallen by 1.74% during the last 30 days period. For the last 5-days stocks have improved 3.71%.
