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. CSX Corp.’s current trading price is -16.13% away from its 52-week high, while its distance from the 52-week low is 15.91%. The stock’s price range during this period has varied between $29.03 and $40.12. The company, active in the Industrials sector, saw a trading volume of around 10.73 million for the day, considerably lower average daily volume of 10.81 million observed over the last three months.
CSX Corp. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $40.12 on 02/23/24, while the lowest price during the same period was $29.03 on 10/27/23.
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How Financial Performance Impacts Market Capitalization
CSX Corp. (CSX) has experienced a quarterly rise of 3.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 65.24B and boasts a workforce of 23000 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 33.71, with a change in price of -0.28. Similarly, CSX Corp. recorded 10,989,947 in trading volume during the last 100 days, posting a change of -0.83%.
How CSX’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 CSX stands at 1.51. Similarly, the long-term debt-to-equity ratio is also 1.46.
CSX Stock Stochastic Average
As of today, the raw stochastic average of CSX Corp. over the last 50 days is at 46.08%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 45.73%. Further, the company’s Stochastic %K and %D values for the last 20 days were 62.71% and 67.52%, respectively.
CSX 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. This year’s metric has recorded a Price decrease of -2.94%. However, over the past six months, we’ve seen a stronger performance of -6.66%. The price of CSX fallen by 0.84% over the last 30 days. And in the last five days, it has fallen by -2.55%.
