A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 28.05% this year. Over the last six months, there has been a stronger performance of -4.52%. The price of FANG fallen by 8.12% during the last 30 days period. For the last 5-days stocks have improved 9.15%.
The stock market performance of Diamondback Energy Inc has been very steady. Over the last year, the company’s stock hit its highest at $212.93 on 07/17/24, while the lowest price during the same time frame was $142.17, recorded on 12/06/23.
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52-week price history of FANG Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. 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 over this timeframe has been between $142.17 and $212.93. The shares of the Energy sector company recorded a trading volume of approximately 10.76 million for the day, which was comparatively higher than the average daily volume of 1.8 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
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.
How Moving Averages and Trading Volume Data Work Together
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%.
FANG’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder 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
Diamondback Energy Inc’s raw stochastic average for the past 50 days is currently at 71.75%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 79.47%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.03% and 90.98%, respectively.
