Independence Realty Trust Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $21.20 on 09/19/24, while the lowest price for the same duration was marked at $11.52 on 10/31/23.
52-week price history of IRT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Independence Realty Trust Inc’s current trading price is -5.77% away from its 52-week high, while its distance from the 52-week low is 73.38%. The stock’s price range during this period has spanned from $11.52 to $21.20. In the Real Estate sector, the Independence Realty Trust Inc’s shares surpassed a trading volume of approximately 1.23 million for the day, which was noticeably lower compared to the average daily volume of 9.2.01 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Independence Realty Trust Inc (IRT) has experienced a quarterly rise of 2.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.85B and boasts a workforce of 952 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 19.48, with a change in price of +2.07. Similarly, Independence Realty Trust Inc recorded 2,209,219 in trading volume during the last 100 days, posting a change of +11.69%.
Examining IRT’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 IRT stands at 0.65. Similarly, the long-term debt-to-equity ratio is also 0.64.
IRT Stock Stochastic Average
Today, Independence Realty Trust Inc’s raw stochastic average for the past 50 days stands at 41.51%, indicating a decline from the raw stochastic average of the last 20 days, which was 73.29%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 72.41% and 66.96% respectively.
IRT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 30.56% this year. Over the last six months, there has been a weaker performance of 24.31%. The price of IRT leaped by -0.37% during the last 30 days period. For the last 5-days stocks have improved 0.28%.
