Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. McEwen Mining Inc’s current trading price is -22.88% away from its 52-week high, while its distance from the 52-week low is 62.84%. The stock’s price range over this period has fluctuated between $5.92 and $12.50. The company, operating within the financial sector, had a trading volume of approximately 0.91 million for the day, which was noticeably higher than the average daily share volume of 0.53 million over the last 3 months.
The market performance of McEwen Mining Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $12.50 on 04/26/24, while the lowest value for the same duration was $5.92 on 02/28/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
McEwen Mining Inc (MUX) has experienced a quarterly rise of 5.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 510.82M and boasts a workforce of 575 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.78, with a change in price of -2.41. Similarly, McEwen Mining Inc recorded 650,097 in trading volume during the last 100 days, posting a change of -20.00%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MUX stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.07.
MUX Stock Stochastic Average
Today, McEwen Mining Inc’s raw stochastic average for the past 50 days stands at 70.41%, indicating a rise from the raw stochastic average of the last 20 days, which was 69.00%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 80.08% and 82.08% respectively.
MUX Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 33.70%. However, over the past six months, we’ve seen a stronger performance of -2.23%. The price of MUX fallen by 6.05% over the last 30 days. And in the last five days, it has surged by 2.99%.
