Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded an increase of 29.15%. However, over the last six months, the performance has been weaker by 26.10%. The price of IRT decreased -6.31% over the last 30 days. And in the last five days, it has surged by 2.97%.
Independence Realty Trust Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $21.20 on 09/19/24, while the lowest price for the same period was registered at $11.52 on 10/31/23.
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52-week price history of IRT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Independence Realty Trust Inc’s current trading price is -6.79% away from its 52-week high, while its distance from the 52-week low is 71.50%. The stock’s price range during this period has varied between$11.52 and $21.20. The Independence Realty Trust Inc’s shares, which operate in the Real Estate, saw a trading volume of around 1.45 million for the day, a figure considerably lower than their average daily volume of 1.96 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Independence Realty Trust Inc (IRT) has experienced a quarterly rise of 2.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.68B and boasts a workforce of 952 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.12, with a change in price of +2.76. Similarly, Independence Realty Trust Inc recorded 2,318,455 in trading volume during the last 100 days, posting a change of +16.31%.
IRT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for IRT stands at 0.65. Similarly, the long-term debt-to-equity ratio is also 0.64.
IRT Stock Stochastic Average
As of today, Independence Realty Trust Inc’s raw stochastic average for the last 50 days stands at 39.26%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 39.26%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 28.36% and 17.31%, respectively.
