The market performance of Ovintiv Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $55.95 on 04/10/24, while the lowest value for the same duration was $36.90 on 09/26/24.
52-week price history of OVV 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. Ovintiv Inc’s current trading price is -24.77% away from its 52-week high, while its distance from the 52-week low is 14.05%. The stock’s price range during the 52-week period has remained between $36.90 and $55.95. In the Energy sector, the company’s shares saw a trading volume of around 2.75 million for the day, which was evidently lower than the average daily volume of 3.26 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Ovintiv Inc (OVV) has experienced a quarterly decline of -12.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.10B and boasts a workforce of 1743 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 44.52, with a change in price of -7.21. Similarly, Ovintiv Inc recorded 3,258,613 in trading volume during the last 100 days, posting a change of -14.62%.
Examining OVV’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 OVV stands at 0.68. Similarly, the long-term debt-to-equity ratio is also 0.55.
OVV Stock Stochastic Average
Ovintiv Inc’s raw stochastic average for the past 50 days is presently 45.30%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 72.87%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 78.26% and 86.22%, respectively.
OVV 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. Year to date metric has recorded a loss of -4.17%.However, over the last six months, we can see a stronger performance of -24.19%. Over the last 30 days, the price of OVV has fallen by 8.98%. And in the last five days, it has surged by 2.01%.
