Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Newmont Corp’s current trading price is -0.68% away from its 52-week high, while its distance from the 52-week low is 95.68%. The stock’s price range over this period has fluctuated between $29.42 and $57.96. The company, operating within the financial sector, had a trading volume of approximately 8.25 million for the day, which was noticeably higher than the average daily share volume of 7.45 million over the last 3 months.
Newmont Corp’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $57.96 on 10/21/24 and a low of $29.42 for the same time frame on 02/28/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Newmont Corp (NEM) has experienced a quarterly rise of 22.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 66.06B and boasts a workforce of 40200 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 48.71, with a change in price of +15.93. Similarly, Newmont Corp recorded 7,532,180 in trading volume during the last 100 days, posting a change of +38.26%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NEM stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.31.
NEM Stock Stochastic Average
Today’s raw stochastic average for Newmont Corp over the last 50 days is 89.38%.This indicates a increase from the raw stochastic average of the past 20 days, which was 83.45%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 87.65% and 86.17%, respectively.
NEM Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 39.09% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 53.68%. Over the past 30 days, the price of NEM has fallen by 5.69%. And in the last five days, it has surged by 5.02%.
