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. McCormick & Co., Inc.’s current trading price is -2.34% away from its 52-week high, while its distance from the 52-week low is 41.19%. The stock’s price range during this period has varied between $59.13 and $85.49. The company, active in the Consumer Defensive sector, saw a trading volume of around 1.45 million for the day, considerably lower average daily volume of 1.79 million observed over the last three months.
McCormick & Co., Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $85.49 on 09/16/24, and the lowest price during the same period was recorded at $59.13 on 10/12/23.
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How Financial Performance Impacts Market Capitalization
McCormick & Co., Inc. (MKC) has experienced a quarterly rise of 18.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.43B and boasts a workforce of 13800 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 75.59, with a change in price of +7.55. Similarly, McCormick & Co., Inc. recorded 1,842,692 in trading volume during the last 100 days, posting a change of +9.99%.
How MKC’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 MKC stands at 0.84. Similarly, the long-term debt-to-equity ratio is also 0.62.
MKC Stock Stochastic Average
As of today, the raw stochastic average of McCormick & Co., Inc. over the past 50 days is 80.98%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 47.58%. Additionally, the Stochastic %K and %D values for the company were 51.22% and 58.46%, respectively, over the past 20 days.
MKC 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 22.02%.However, over the last six months, we can see a weaker performance of 6.66%. Over the last 30 days, the price of MKC has fallen by 4.32%. And in the last five days, it has fallen by -0.33%.
