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. Chemours Company’s current trading price is -44.46% away from its 52-week high, while its distance from the 52-week low is 20.26%. The stock’s price range during this period has varied between $15.10 and $32.70. The company, active in the Basic Materials sector, saw a trading volume of around 2.44 million for the day, considerably higher average daily volume of 1.48 million observed over the last three months.
Chemours Company’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $32.70 on 01/02/24, and the lowest price during the same period was recorded at $15.10 on 02/29/24.
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How Financial Performance Impacts Market Capitalization
Chemours Company (CC) has experienced a quarterly decline of -11.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.71B and boasts a workforce of 6200 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 20.58, with a change in price of -5.77. Similarly, Chemours Company recorded 1,429,494 in trading volume during the last 100 days, posting a change of -24.11%.
How CC’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 CC stands at 5.86. Similarly, the long-term debt-to-equity ratio is also 5.73.
CC Stock Stochastic Average
As of today, the raw stochastic average of Chemours Company over the past 50 days is 38.90%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 10.75%. Additionally, the Stochastic %K and %D values for the company were 11.63% and 13.46%, respectively, over the past 20 days.
CC 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 loss of -42.42%.However, over the last six months, we can see a stronger performance of -30.55%. Over the last 30 days, the price of CC has leaped by -7.86%. And in the last five days, it has fallen by -2.37%.
