Diamondback Energy Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $212.93 on 07/17/24 and a low of $142.17 for the same time frame on 12/06/23.
52-week price history of FANG Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Diamondback Energy Inc’s current trading price is -9.00% away from its 52-week high, while its distance from the 52-week low is 36.30%. The stock’s price range during the 52-week period has remained between $142.17 and $212.93. In the Energy sector, the company’s shares saw a trading volume of around 10.76 million for the day, which was evidently higher than the average daily volume of 1.8 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Diamondback Energy Inc (FANG) has experienced a quarterly decline of -3.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 57.11B and boasts a workforce of 1023 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 192.70, with a change in price of -2.97. Similarly, Diamondback Energy Inc recorded 1,743,571 in trading volume during the last 100 days, posting a change of -1.51%.
Examining FANG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for FANG stands at 0.69. Similarly, the long-term debt-to-equity ratio is also 0.69.
FANG Stock Stochastic Average
As of today, Diamondback Energy Inc’s raw stochastic average for the last 50 days stands at 71.75%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 79.47%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 91.03% and 90.98%, respectively.
FANG 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 28.05%. However, over the past six months, we’ve seen a stronger performance of -4.52%. The price of FANG fallen by 8.12% over the last 30 days. And in the last five days, it has surged by 9.15%.
