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. Mercury General Corp.’s current trading price is 4.14% away from its 52-week high, while its distance from the 52-week low is 141.63%. The stock’s price range during this period has varied between $29.74 and $69.00. The company, active in the Financial sector, saw a trading volume of around 0.75 million for the day, considerably higher average daily volume of 0.27 million observed over the last three months.
Mercury General Corp.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $69.00 on 10/30/24, and the lowest price during that time was $29.74, recorded on 10/31/23.
How Financial Performance Impacts Market Capitalization
Mercury General Corp. (MCY) has experienced a quarterly rise of 19.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.98B and boasts a workforce of 4100 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 59.85, with a change in price of +17.00. Similarly, Mercury General Corp. recorded 246,978 in trading volume during the last 100 days, posting a change of +30.99%.
How MCY’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 MCY stands at 0.32. Similarly, the long-term debt-to-equity ratio is also 0.32.
MCY Stock Stochastic Average
As of today, the raw stochastic average of Mercury General Corp. over the past 50 days is 88.66%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 83.97%. Additionally, the Stochastic %K and %D values for the company were 86.22% and 82.94%, respectively, over the past 20 days.
MCY 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. This year’s metric has recorded a Price increase of 92.60%. However, over the past six months, we’ve seen a weaker performance of 32.36%. The price of MCY fallen by 13.38% over the last 30 days. And in the last five days, it has surged by 8.53%.
