Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Teck Resources Ltd’s current trading price is -15.34% away from its 52-week high, while its distance from the 52-week low is 35.77%. The stock’s price range during this period has varied between $34.10 and $54.69. The company, active in the Basic Materials sector, saw a trading volume of around 4.29 million for the day, considerably higher average daily volume of 3.0 million observed over the last three months.
Teck Resources Ltd’s stock has had a calm market performance. The 1-year high for the company’s stock was $54.69 on 05/20/24, and the lowest price during the same period was recorded at $34.10 on 11/09/23.
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How Financial Performance Impacts Market Capitalization
Teck Resources Ltd (TECK) has experienced a quarterly decline of -1.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.06B and boasts a workforce of 12600 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 48.23, with a change in price of -5.26. Similarly, Teck Resources Ltd recorded 3,000,431 in trading volume during the last 100 days, posting a change of -10.23%.
How TECK’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for TECK stands at 0.44. Similarly, the long-term debt-to-equity ratio is also 0.41.
TECK Stock Stochastic Average
As of today, the raw stochastic average of Teck Resources Ltd over the past 50 days is 27.60%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 3.87%. Additionally, the Stochastic %K and %D values for the company were 22.78% and 29.87%, respectively, over the past 20 days.
TECK Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 10.41%.However, over the last six months, we can see a stronger performance of -5.79%. Over the last 30 days, the price of TECK has leaped by -8.46%. And in the last five days, it has fallen by -8.32%.
