In terms of market performance, Cenovus Energy Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $21.79 on 04/11/24, while the lowest value 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 a great deal about its present condition and potential future performance. Cenovus Energy Inc’s current trading price is -15.75% away from its 52-week high, while its distance from the 52-week low is 25.60%. The stock’s price range during this period has fluctuated between $14.62 and $21.79. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 10.55 million for the day, which was evidently higher than the average daily volume of 7.75 million over the last three months.
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Financial Performance and Market Capitalization
Cenovus Energy Inc (CVE) has experienced a quarterly decline of -4.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 34.08B and boasts a workforce of 6925 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.82, with a change in price of -1.83. Similarly, Cenovus Energy Inc recorded 7,416,970 in trading volume during the last 100 days, posting a change of -9.06%.
CVE Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its 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
Cenovus Energy Inc’s raw stochastic average for the past 50 days is currently at 55.41%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 90.86%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 96.06% and 86.86%, respectively.
CVE 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. The metric has seen a significant gain of 10.82% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -13.98%. Over the past 30 days, the price of CVE has fallen by 8.96%. And in the last five days, it has surged by 9.74%.
