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. Devon Energy Corp.’s current trading price is -28.26% away from its 52-week high, while its distance from the 52-week low is 3.77%. The stock’s price range over this period has fluctuated between $37.76 and $54.63. The company, operating within the financial sector, had a trading volume of approximately 9.28 million for the day, which was noticeably higher than the average daily share volume of 7.58 million over the last 3 months.
Devon Energy Corp. saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $54.63 on 04/12/24, while the lowest price for the same duration was marked at $37.76 on 09/26/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Devon Energy Corp. (DVN) has experienced a quarterly decline of -13.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.54B and boasts a workforce of 1900 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 43.91, with a change in price of -7.46. Similarly, Devon Energy Corp. recorded 7,115,740 in trading volume during the last 100 days, posting a change of -15.99%.
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 DVN stands at 0.52. Similarly, the long-term debt-to-equity ratio is also 0.48.
DVN Stock Stochastic Average
Today, Devon Energy Corp.’s raw stochastic average for the past 50 days stands at 17.22%, indicating a rise from the raw stochastic average of the last 20 days, which was 11.63%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 22.92% and 31.81% respectively.
DVN Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -12.35%.However, over the last six months, we can see a stronger performance of -25.03%. Over the last 30 days, the price of DVN has fallen by 3.49%. And in the last five days, it has fallen by -3.62%.
